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BHEL has received a Limited Notice to Proceed (LNTP) from Damodar Valley Corporation

ICICIdirect Research 12 Jun 2026 DISCLAIMER

News: BHEL has received a Limited Notice to Proceed (LNTP) from Damodar Valley Corporation (DVC) for the 1x800 MW Durgapur Supercritical Thermal Power Project. The LNTP, valued at over ₹90 crore (excluding GST), covers advance engineering and procurement of critical long-lead items for the main plant package (Boiler, Turbine and Generator). The full EPC order for the main plant package is expected to be awarded within 10 months from the issuance of the LNTP.

View: The development is positive for BHEL, as it strengthens its already robust thermal power order pipeline and provides early execution visibility. The expected conversion of the LNTP into a full-scale main plant order could further support order inflows and revenue growth. 

Impact: Positive

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