BHEL Approves Further Investment in Joint Venture NTPC BHEL Power Projects
State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) announced that its board has approved a further equity investment of ₹65 crore in NTPC BHEL Power Projects (NBPPL). NBPPL is a joint venture with NTPC Ltd, established in April 2008.
The primary objective of NBPPL is to undertake engineering, procurement, and construction (EPC) contracts for power plants and other infrastructure projects. Additionally, the joint venture is involved in the manufacturing and supply of equipment both in India and internationally. BHEL maintains a 50% shareholding in NBPPL.
The investment will be made at face value by both promoter companies. NBPPL's provisional turnover for 2025-26 was ₹1.04 crore, following ₹3.48 crore in 2024-25 and ₹18.19 crore in 2023-24.