BHEL board okays Rs 65 crore investment in JV NTPC BHEL Power Projects

As per the latest business developments, State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Monday stated that its board has approved further equity investment of Rs 65 crore in NTPC BHEL Power Projects, a joint venture with NTPC Ltd.

The main objective of the JVC is to carry out EPC contracts for power plants and other infrastructure projects, as well as manufacture and supply of equipment in India and abroad.

"Board of Directors in its Meeting held today (September 14, 2026) has, inter-alia, approved further investment of Rs 65 crore (in one or more tranches) as BHEL’s equity contribution in NTPC BHEL Power Projects Private Limited (NBPPL), BHEL’s Joint Venture with NTPC Ltd," an exchange filing stated.

NBPPL is a joint venture firm of BHEL and NTPC Limited with 50:50 equity shareholding.

The equity investment will be made at the face value by both the promoter firms, and the same is done at arm’s length.

NBPPL was incorporated in April 2008 to execute EPC contracts for power plants and manufacture power plant equipment.

BHEL stated that the 50 per cent shareholding is maintained.

In 2025-26, NBPPL's turnover was Rs 1.04 crore (provisional), in 2024-25, it was Rs 3.48 crore and Rs 18.19 crore in 2023-24.