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Bharat Heavy Electricals (BHEL) shares were in focus after it secured a massive thermal power project worth more than ₹21,000 crore from Meja Urja Nigam (MUNPL).
MUNPL is a joint venture between NTPC and the Uttar Pradesh government. It operates the Meja Thermal Power Station, a large coal-fired power plant in Uttar Pradesh.
What’s the deal: BHEL will handle the engineering, procurement, and construction (EPC) work for the second phase of the Meja Super Thermal Power Project.
The project involves setting up three new units of 800 MW each, adding a total of 2,400 MW of power generation capacity in Prayagraj.
Bigger picture: as of June 2025, India’s total installed power capacity stood at 476 GW. Thermal power still leads the pack with 240 GW, followed by solar at 110.9 GW and wind at 51.3 GW.
So while India is rapidly adding renewable energy, thermal power continues to be the backbone of the grid, making up about half of the country’s total installed capacity.
And within thermal, coal is still king. Coal-based plants account for more than 91% of India’s thermal power capacity, showing just how important coal remains in keeping the country powered.
