FEBRUARY 20268BHEL SECURES MAJOR POWER PLANT DEAL FROM SAILCARRIER'S RS 1,000 CRORE PUSH POWERS SRI CITY GROWTHBHEL has won a major 1,500crore captive power plant contract from Steel Authority of India Ltd (SAIL), marking a big boost for the staterun engineering firm's order book.The captive power plant deal comes through a Letter of Acceptance issued by SAIL and is tied to the expansion of its IISCO Steel Plant at Burnpur, West Bengal, as part of a 4.08million tonnes per year crude steel capacity increase.In a major boost to India's cooling industry, Carrier has announced a Rs 1,000 crore investment to set up a new manufacturing facility in Sri City, Andhra Pradesh.The move strengthens Sri City's position as a fastgrowing cooling hub and marks a significant expansion by the global airconditioning giant in the country.The upcoming plant will come up on 39 acres and focus on manufacturing commercial and industrial airUnder the contract, BHEL will deliver the captive power plant package on a turnkey basis. The scope covers design, engineering, manufacture, supply, erection and commissioning of the plant, while civil work is excluded. The project value is in the range of 1,200crore to 1,500crore, excluding GST, with performance testing also part of the job.According to the regulatory filing, BHEL is expected to complete the power plant and have it commissioned within 39 months from the date the contract takes effect. The timeline reflects the complexity of building a captive facility that will generate electricity specifically for SAIL's steelmaking operations.For SAIL, adding this captive power plant is a key part of its strategy to ensure reliable and costeffective energy for its expanded steel plant capacity. For BHEL, the order reinforces its strong presence in India's power infrastructure segment and adds significant revenue visibility at a time when securing large industrial contracts is a priority.The win comes as BHEL continues to chase growth in the power and industrial sectors, where longterm, highvalue contracts like this one play a crucial role in supporting its overall financial performance and backlog. conditioning systems. It will not produce room air conditioners at this stage. The investment is expected to generate around 3,000 jobs, including 1,000 direct and 2,000 indirect employment opportunities, giving a strong push to the local economy.With this announcement, Sri City is set to further cement its role in India's HVAC manufacturing landscape. The industrial zone already accounts for nearly 40 percent of India's airconditioner production. Industry estimates suggest that share could rise to 6070 percent by 2028 as more global players expand operations here.The region hosts nearly 10 major HVAC manufacturers and over 30 component suppliers, creating a strong ecosystem for production and logistics. Its proximity to ports and southern markets gives companies a cost advantage and faster distribution reach.Carrier's investment signals confidence in India's growing demand for energyefficient and sustainable cooling solutions. As temperatures rise and infrastructure expands, Sri City is quickly emerging as the country's cooling capital, with Carrier's latest move adding serious momentum to that growth story. TOP STORIESTOP STORIESTOP STORIES
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