Bharat Heavy Electricals Limited Earnings Summary — Q4 FY2026

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“Bharat Heavy Electricals Limited Q4 FY '24 Earnings
Conference Call”
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May 21, 2024
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BHEL
MANAGEMENT: MR. K SADASHIV MURTHY – CHAIRMAN & MANAGING DIRECTOR,WITH
ADDITIONAL CHARGE OF DIRECTOR FINANCE
MR. JAI PRAKASH SRIVASTAVA – DIRECTOR(ENGINEERING,RESEARCH &
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DEVELOPMENT)
MR. KRISHNA KUMAR THAKUR – DIRECTOR (HUMAN RESOURCES)
MR. TAJINDER GUPTA – DIRECTOR (POWER)
MS. BANI VARMA – DIRECTOR (INDUSTRIAL SYSTEMS & PRODUCTS)
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Bharat Heavy Electricals Limited

Moderator:

Moderator: Ladies and gentlemen, good evening and welcome to the BHEL Q4 FY'24 Earnings Conference
Call hosted by ICICI Securities.

As a reminder, all participant lines will be in the listen-only mode. There will be an opportunity
for you to ask questions after the presentation concludes. Should you need assistance during this
conference, please signal an operator by pressing "\*" and then "0" on your touchtone phone.
Please note that this conference is being recorded.

I now hand the conference over to Mr. Mohit Kumar from ICICI Securities. Thank you and over
to you, sir.

Mohit Kumar: Good evening. On behalf of ICICI Securities, I welcome you all for Q4 FY'24 and FY'24
Earnings Conference Call of BHEL.

We are very pleased to have with us today, Mr. K Sadashiv Murthy – Chairman and Managing
Director and BHEL's management team, to discuss the results.

We will start with “Brief Opening Remarks from CMD sir,” following which we will open the
floor for Q&A. Over to you, sir.

K. Sadashiv Murthy: Good evening everybody. I am K Sadashiv Murthy – CMD, BHEL with Additional Charge of
Director (Finance).

I have with me Shri Jai Prakash Srivastava – Director (E, R&D), Shri Krishna Kumar Thakur –
Director (HR), Shri Tajinder Gupta – Director (Power), and Ms. Bani Varma – Director
(Industrial Systems & Products). Also, along with me, senior colleagues from business sectors,
finance and corporate strategic management are present here.

A very warm welcome to all of you. The Indian economy is growing steadily, leading to a robust
growth of power and infrastructure sector. BHEL is also aligning itself to be a part of the nation's
growth journey.

EPC orders for Talabira, Yamuna Nagar, Singrauli and Lara Supercritical Power Plants,

Let me start by giving you the highlights of our order book for FY'23-24:

We have received orders of 9.6 GW last year from our Thermal Power Sector division totaling
to around Rs.52,000 crores. All these thermal sets are of 800 MW rating. Our industry segment
also witnessed the highest ever order book inflow of around Rs.22,000 crores. With the above,
we recorded BHEL's highest ever order book of around Rs 78,000 crores in FY'23-24.

BTG package for Mahan and Raigarh supercritical power plant from Adani group,

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_Bharat Heavy Electricals Limited_ _May 21, 2024_ Electromechanical package of the 2.8 GW Dibang Hydropower Project, the largest in the country, Spares and services business of around Rs.3,500 crores, 80 Vande Bharat trains for railways, 20 Super Rapid Gun Mounts for naval ships, 10 Extra High Voltage substation packages, power transformers and the other equipment in the transmission business, Gas turbine rotors and parts from UAE in the in the international business, and Also, Remote Monitoring and Diagnostic Services from BPCL, Mumbai in Industry 4.0 Solutions segment.

Now, coming to our accomplishments in the project execution field in FY'23-24:

We have completed execution of over 7 GW projects globally last year. Out of this, 5 GW of power generation capacity was added and around 2 GW was commissioned and synchronized.

Some of the key achievements include:

Inauguration of Unit-2, 660 MW of Maitree Super Thermal Power Project in Bangladesh, jointly by the Hon'ble Prime Ministers of India and Bangladesh, Dedication of North Karanpura and Telangana thermal power plants to the nation by the hon'ble Prime Minister of India, Capacity add

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