Bharat Heavy Electricals Ltd. — Capital/Financing Update 2025

Nov 7, 2025

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Ref: CC/MISC/2025-26/39 Date: 07.11.2025

To

1. BSE Limited, Mumbai

2. National Stock Exchange of India Ltd., Mumbai

Subject: Receipt of Notification of Award from NTPC Limited

Sir/Madam,

Bharat Heavy Electricals Limited (BHEL) has received a Notification of Award (NOA) from NTPC Limited for 1x800 MW Darlipali STPP, Stage-II.

Details are enclosed at Annexure I

Digitally signed by SAYED SAYED SALAHUDDIN SALAHUDDIN Date: 2025.11.07 10:25:05 +05'30' (Sayed Salahuddin) Manager, Corporate Communication, BHEL

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ANNEXURE I

a) Name of the entity awarding the order(s)/contract(s);

Reply: NTPC Limited (a Govt of India Enterprise)

b) Significant terms and conditions of order(s)/contract(s) awarded in brief;

Reply: Notification of Award received on 06[th] November 2025 for EPC package of 1x800 MW Darlipali Supercritical Thermal Power Project Stage-II in Sundargarh district, Odisha.

c) Whether order(s) / contract(s) have been awarded by domestic/ international entity;

Reply: Domestic entity

d) Nature of order(s) / contract(s);

Reply: EPC works (including design, engineering, supply of equipment alongwith erection & commissioning and civil works)

e) Whether domestic or international;

Reply: International Competitive Bidding

f) Time period by which the order(s)/contract(s) is to be executed;

Reply: Completion of Facilities (COF) by 48 months from the date of Notification of award (NOA).

g) Broad consideration or size of the order(s)/contract(s);

Reply: Over Rs. 6,650 Crore excl. GST.

h) Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof;

Reply: Both organizations are Central Public Sector Enterprises (CPSEs).

i) Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at “arms length”.

Reply: No

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