Bharat Heavy Electricals (BHEL)'s share price rose 3% to an intra-day high of Rs 272.10 on the National Stock Exchange. Previously, the company had bagged a Rs 6,500 crore order from Adani Power.
The company stated in an exchange filing that BHEL has received a Letter of Award from Adani Power Ltd. for 6 thermal units of 800MW.
This state-run power generation PSU, BHEL, is a major Indian engineering and manufacturing company. It’s a government-owned enterprise that specializes in the design, engineering, construction, testing, and servicing of a wide range of products and services, primarily in the energy and infrastructure sectors. BHEL is a key player in power generation, transportation, and various other industries.
The order is for the supply of equipment (Steam Turbine Generator along with auxiliaries) and supervision of erection and commissioning for six thermal units of 800 MW.
In the last five days, the share price of BHEL rose 2.8%. The stock has given more than 16% in the previous six months and a return of 2% in the past one month. In the last one year, BHEL's share price has fallen by 12%.
The company’s revenue from operations came in at Rs 8,993.37 crore in Q4 FY25, an increase of 8.9% YoY compared to Rs 8,260.25 crore posted in the same period last year.
BHEL posted a 4% year-on-year increase in its standalone net profit for the last quarter of the financial year 2024-25, standing at Rs 504.05 crore, as against a net profit of Rs 484.36 crore recorded in the same quarter a year ago.
