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BHEL has won a Rs774-crore contract for supplying onshore drilling rigs to upstream oil companyONGC. The contract envisages manufacture and supply of six onshore drillingrigs. Mechanical equipment will be manufactured by BHEL’s Hyderabad plant,while electrical equipment (motors etc.) will be manufactured by the company’sBhopal plant. BHEL has so far supplied 84 rigs, of which 71 have been suppliedto ONGC and 13 to Oil India Ltd.

For ONGC, the powerequipment major has also carried out refurbishment and upgradation of 33onshore drilling rigs. The company is now in the process of completingrefurbishment and upgradation work of seven more rigs of ONGC. BHEL is engagedin engineering, manufacturing and supplying products and systems to coresectors like power generation, transmission and distribution, transportation,defence and industries like metallurgical, petrochemicals, refinery,fertilisers, paper, cement, etc., besides oil exploration and production.

BHEL Share Price

316.70 7.65 (2.48%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BHEL 316.70
Thermax 4141.20
Kirloskar Oil Eng 1616.95
Skipper 433.50
GMM Pfaudler 931.05
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