Bharat Heavy Electricals Ltd. — Capital/Financing Update 2026

Mar 30, 2026

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Ref: CC/MISC/2025-26/62 Date: 30.03.2026

To

1. BSE Limited, Mumbai

2. National Stock Exchange of India Ltd., Mumbai

Subject: Receipt of Notification of Award (NOA) from NTPC Ltd.

Sir/Madam,

Bharat Heavy Electricals Limited (BHEL) has received a Notification of Award (NOA) from NTPC Limited for 3x800 MW Telangana Stage-II STPP (Main Plant Package).

Details are enclosed at Annexure I.

For Bharat Heavy Electricals Limited

Digitally signed by Jaya Mitra Jaya Mitra Date: 2026.03.30 12:38:18 +05'30' (Jaya Mitra) Manager, Corporate Communication

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ANNEXURE- I

a) Name of the entity awarding the order(s)/contract(s); Reply: NTPC Limited

b) Significant terms and conditions of order(s)/contract(s) awarded in brief; Reply: Notification of award (NOA) for Main plant package of 3x800 MW Telangana Stage-II supercritical thermal power project (District: Peddapalli, Telangana) is received from NTPC on 29[th] Mar 2026.

Bharat Heavy Electricals Limited (BHEL) emerged as a successful bidder for this project in Oct’24. Limited Notice to Proceed (LNTP) for this project was received in Nov’ 2024 for initiating the basic engineering work of Main plant package.

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

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

Reply: Design, engineering, manufacturing, supply, erection, commissioning, and testing of the main plant package (Boiler, Turbine & Generator), including civil and structural 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) of Main plant package works within 62 months from the date of Notification of award (NOA).

g) Broad consideration or size of the order(s)/contract(s); Reply: Over Rs. 13,500 Cr. 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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