TBWES Awarded Rs 1,600 Crore Boiler Order for 800 MW Thermal Project
Thermax subsidiary TBWES (Thermax Babcock & Wilcox Energy Solutions) has secured a boiler contract valued at Rs 1,600 crore for an 800 MW thermal power plant, as reported on 9 September 2026 by scanx.trade. No further details on the project location, client identity or project timeline were available from the source headline.
| Detail | Information |
|---|---|
| Contract value | Rs 1,600 crore |
| Contracted party | TBWES (Thermax Babcock & Wilcox Energy Solutions) |
| Parent company | Thermax Limited |
| Plant capacity | 800 MW |
| Scope | Boiler supply/contract |
| Project type | Thermal power plant |
Context: Captive Power Pipeline in India
The contract comes at a time when India's captive and industrial power sector carries a substantial volume of active projects. Projects India tracks 2,429 captive power projects across the country, of which 31 were added to the database in the past 90 days alone, reflecting continued investment momentum in the sub-sector.
Of the tracked projects, 1,041 are currently at the Under Approvals stage, while 277 have moved into active construction. A further 155 have received approvals and are approaching procurement or construction commencement. The 282 projects currently on hold represent a significant latent pipeline that could re-enter the market as conditions change.
Where Captive Power Activity Is Concentrated
Geographically, Maharashtra leads with 405 tracked captive power projects, followed by Karnataka with 301 and Chhattisgarh with 299. Uttar Pradesh accounts for 200 projects, Andhra Pradesh for 152 and Odisha for 144. This distribution signals that equipment suppliers and civil contractors with regional presence in these states face the greatest near-term opportunity from projects moving through approvals into construction.
Among recently tracked projects, large-value schemes include a Rs 30,000 crore captive power plant by Rashmi Metallurgical Industry Private Limited in Paschim Medinipur, West Bengal, currently under construction, and a Rs 12,262 crore project by Jayaswal Neco Industries Limited in Gadchiroli, Maharashtra, under approvals. An Rs 8,000 crore captive plant by the Aditya Birla Group in Rayagada, Odisha is also at the approvals stage. These figures illustrate the scale of projects being developed alongside utility and industrial power contracts of the type now awarded to TBWES.
Recent Captive Power Projects Tracked by Projects India
Several mid-sized captive power projects have been recorded recently in the Projects India database, spanning sugar, steel and general industrial sectors:
- Inamdar Sugars Limited — Rs 672 crore captive power plant at Parasgad, Belgaum, Karnataka (Under Approvals)
- Trident Limited — Rs 440 crore expansion at Mansa, Barnala, Punjab (Under Approvals)
- K2 Group of Industries — Rs 360.13 crore captive plant at Goriya, Jhajjar, Haryana (Construction Started)
- The Shyam Sel & Power Limited — Rs 1,661 crore captive plant at Paschim Barddhaman, West Bengal (Construction Started)
- Shri Dutt India Private Limited — Rs 1,229 crore expansion at Indi, Vijayapura, Karnataka (Hold)
Suppliers seeking a fuller view of active and upcoming projects can consult the complete tracked projects database.
What this means for suppliers and contractors
The Rs 1,600 crore boiler contract secured by TBWES confirms that large-value thermal equipment orders continue to flow in the Indian power sector, even as renewable capacity expands. For boiler manufacturers, pressure-part fabricators, refractory suppliers and erection contractors, orders of this scale represent multi-year workloads and indicate that clients are investing in high-capacity thermal generation.
With 277 captive power projects already in construction nationally and a further 155 having received approvals, the near-term procurement window for civil, mechanical and electrical suppliers remains active. The concentration of projects in Maharashtra, Karnataka and Chhattisgarh suggests that suppliers with established logistics and site presence in these states are best positioned to convert pipeline activity into orders.
For those tracking the broader power projects sector in India, the captive segment's depth — with over 2,400 projects tracked and 31 new entries in the past 90 days — underscores its importance as a source of recurring procurement demand across boilers, turbines, cooling systems, electrical balance-of-plant and civil construction. Projects India currently records zero open tenders in the Power Projects sector, suggesting that active contracting for known projects is proceeding through direct negotiation or nomination rather than open competitive bidding at this time.
Frequently asked questions
What contract has TBWES secured?
TBWES, a subsidiary of Thermax Limited, has secured a boiler contract worth Rs 1,600 crore for an 800 MW thermal power plant, as reported on 9 September 2026. No further details on the client or project location were available from the source.
How many captive power projects are active in India?
Projects India tracks 2,429 captive power projects across India. Of these, 277 are in active construction, 1,041 are under approvals and 155 have received approvals. Maharashtra, Karnataka and Chhattisgarh host the largest concentrations of tracked projects.
Which states have the most captive power projects in India?
Based on Projects India data, Maharashtra leads with 405 tracked captive power projects, followed by Karnataka with 301, Chhattisgarh with 299, Uttar Pradesh with 200, Andhra Pradesh with 152 and Odisha with 144.
