BHEL secures maiden order for HP Electric Locomotives from NTPC

25 Apr 2022 , 01:06 PM

Bharat Heavy Electricals Limited (BHEL) informed that the company has achieved a breakthrough in the rolling stock business as it secured an order for 6,000 HP Electric Locomotives, the first-ever in the country for industrial application.

This order has been received from NTPC Limited for a supply of 6 nos. 6,000 HP Electric Locomotives for material handling operations at Lara thermal power project site.

With this order, BHEL has further extended its offerings in its rolling stock business, fuelled by increasing the existing basket of products and services in new market segments, specifically for industries such as power, cement, steel, etc., in addition to Indian Railways.

The company is planning to manufacture these locomotives at its Jhansi facility and will be equipped with state-of-the-art IGBT-based propulsion equipment, developed and supplied by the company’s Bengaluru unit. While BHEL’s Bhopal plant will be responsible for the supply of traction motors for the locomotives.

So far, BHEL has supplied more than 450 units of electric locomotives of various ratings to Indian Railways which are running successfully.

BHEL is currently trading at Rs51.85 down by Rs2.1 or 3.89% from its previous closing of Rs53.95 on the BSE. It touched intraday high and low of Rs53.40 and Rs51.50 respectively so far.