Govt weighs ‘strategic’ PSU tag for BHEL
2 months, 1 week ago

Govt weighs ‘strategic’ PSU tag for BHEL

Live Mint  

NEW DELHI : State-run Bharat Heavy Electricals Ltd may no longer be a potential divestment target as the government considers categorizing the maker of rail coaches to power generation equipment as a “strategic" public sector unit, according to two people close to the development. “Now that a parliamentary committee has also recommended the tag of strategic PSU for the company, there would be further thought on this," said one of the two people cited above, requesting anonymity. In its December report, the committee on public undertakings noted BHEL’s active participation in various critical sectors such as hydro power, nuclear power, defence, space, renewable energy, and international operations. The company's annual report for FY24 said, “Our thermal power business witnessed a resurgence, securing orders worth 9.6GW and achieving 100% market share."

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History of this topic

Defence stocks are rising again. Is BHEL a good buy after recent order wins?
6 days, 12 hours ago

Defence stocks are rising again. Is BHEL a good buy after recent order wins?

India Today  

Defence stocks have been on the rise after a long period of slowdown. Since defence stocks are gaining momentum, brokerage firm Antique Broking said it wouldn’t be a bad idea to add the stock at its current valuation. "We believe that the defence space will meaningfully add to BHEL’s order book over the next few years," Antique Stock Broking said. …

BHEL bags Rs 11,000 crore order from Adani Power for three thermal power projects
7 months ago

BHEL bags Rs 11,000 crore order from Adani Power for three thermal power projects

India TV News  

State-owned engineering firm Bharat Heavy Electricals Limited on Monday said that it has secured an order worth over Rs 11,000 crore from Adani Power and its arm for setting up three thermal power projects. On August 25, BHEL signed a contract with Adani Power and its subsidiary Mahan Energen Ltd for the supply of equipment including, boiler, turbine and generator, …

BHEL share price today jumps nearly 9% to hit a 52-week high. Here's why
10 months, 3 weeks ago

BHEL share price today jumps nearly 9% to hit a 52-week high. Here's why

Hindustan Times  

BHEL share price: Shares of Bharat Heavy Electricals rose as much as 9 per cent to hit their fresh 52-week high today. It then jumped 8.7 per cent to hit its fresh 52-week high of ₹318.15 and traded 6.80 per cent higher at ₹312.55 apiece at around 10.15am. BHEL share price has gained since April 30 when the company announced …

BHEL share price rises 2% after Adani Power order: What's happening?
1 year ago

BHEL share price rises 2% after Adani Power order: What's happening?

Hindustan Times  

BHEL share price today: Share price of Bharat Heavy Electricals Limited rose 2 per cent today after the company received a ₹4,000-crore order from Adani Power. The company said in its release, “We have received an order from Adani Power for setting up the 2x800 MW Raigarh Phase-II thermal power plant at Raigarh, Chhattisgarh.” BHEL share price rises 2% after …

BHEL stock gains nearly 4% after Ministry of Defence signs naval contract worth ₹2,956 crore
1 year, 4 months ago

BHEL stock gains nearly 4% after Ministry of Defence signs naval contract worth ₹2,956 crore

Live Mint  

Shares of Bharat Heavy Electricals, a leading engineering and manufacturing company in the energy and infrastructure sectors, gained sharply in Wednesday's trade on multiple positive developments. The Ministry of Defence on Tuesday signed a contract with the company for the procurement of 16 upgraded Super Rapid Gun Mount along with associated equipment and accessories for the Indian Navy under the …

Are BHEL investors overlooking concerns?
1 year, 4 months ago

Are BHEL investors overlooking concerns?

Live Mint  

MUMBAI : The Bharat Heavy Electricals Ltd stock has zoomed 77% so far in 2023. But in the case of BHEL, a robust order inflow outlook mainly for its thermal power segment, is fuelling optimism among investors. As of September end, BHEL’s working capital ballooned to ₹4,382 crore from ₹1,210 crore at March end. 3x800MW NTPC Patratu have back-ended payment …

Why BHEL shares gained 7% today— Explained
1 year, 4 months ago

Why BHEL shares gained 7% today— Explained

Live Mint  

BHEL Share Price Today: Shares of Bharat Heavy Electricals gained seven per cent on Monday, November 13, after the company announced its July-September quarter results for fiscal 2023-24 last week, reporting a net loss of ₹238 crore, compared to a net profit of ₹12.10 crore in the corresponding period last year. The state-owned engineering firm's revenue from operations in the …

Is there any shine in BHEL outlook?
2 years, 4 months ago

Is there any shine in BHEL outlook?

Live Mint  

Investors in state-run Bharat Heavy Electricals Ltd had to digest yet another poor quarterly earnings report. Amid the gloom, the much-awaited Talcher thermal power plant order awarded by NTPC Ltd offered some comfort as it gave BHEL’s order inflow a boost in Q2. The analysts also said that the 2X660 MW Talcher order win should start reflecting in revenues in …

BHEL reports net profit of ₹10.3 cr in Q2FY23, power biz sales healthy
2 years, 4 months ago

BHEL reports net profit of ₹10.3 cr in Q2FY23, power biz sales healthy

Live Mint  

Leading government-owned power generation equipment manufacturer, Bharat Heavy Electricals reported a standalone net profit of ₹10.29 crore for the quarter ending September 30, 2022 period. During the quarter, sales stood around ₹4,927.95 crore in Q2FY23 versus ₹4,910.62 crore in Q2FY22 and ₹4,449.49 crore in Q1FY23. For the sixth month period of FY23, on a standalone basis, BHEL's overall net loss …

Centre Likely to Sell Stakes in BHEL and Two Others
4 years, 1 month ago

Centre Likely to Sell Stakes in BHEL and Two Others

News 18  

The central government is likely to consider Bharat Heavy Electricals Ltd, Mecon Ltd and Andrew Yule and Co. Ltd for the next round of disinvestment. The main agenda behind the stake sales in the three companies is to raise funds via asset sales for the next fiscal and overcome the tepid progress made so far this year. Reports on the …

BHEL Loss Widens to Rs 893.14 crore in June Quarter, Lockdown Hits Operations
4 years, 6 months ago

BHEL Loss Widens to Rs 893.14 crore in June Quarter, Lockdown Hits Operations

News 18  

New Delhi: State-run engineering firm BHEL’s consolidated net loss widened to Rs 893.14 crore for the quarter ended June as coronavirus-induced lockdown had an adverse impact on its operations. The consolidated net loss of the company was at Rs 218.93 crore in the quarter ended June 30, 2019, Bharat Heavy Electricals Limited said in a regulatory filing. According to the …

BHEL can produce world's best power plants, cut dependency on China: Vedanta's Anil Agarwal
4 years, 9 months ago

BHEL can produce world's best power plants, cut dependency on China: Vedanta's Anil Agarwal

India TV News  

Vedanta Resources Limited executive chairman Anil Agarwal has said that BHEL can produce best power plants in the world if its provided with full autonomy in order to cut dependency on China and move forward towards Atmanirbhar Bharat. Taking it to Twitter, Anil Agarwal said, "Most of the power plants in India are imported from China. BHEL, a PSU, is …

BHEL bags Rs 200 crore order to upgrade Chilla hydro project
5 years, 4 months ago

BHEL bags Rs 200 crore order to upgrade Chilla hydro project

India TV News  

State-owned engineering firm BHEL on Monday said it has received an order worth Rs 200 crore for renovation, modernisation and uprating of Chilla Hydro Electric Plant. Valued at over Rs 200 crore, BHEL has bagged the order from Uttarakhand Jal Vidyut Nigam Limited for RM&U of the 4x36 MW Chilla HEP, the engineering firm said in a statement. BHEL is …

PSU stocks grab limelight on reports of govt reducing stake below 51% in state-owned cos; BHEL jumps over 22%
5 years, 5 months ago

PSU stocks grab limelight on reports of govt reducing stake below 51% in state-owned cos; BHEL jumps over 22%

Firstpost  

New Delhi: PSU stocks were in huge demand on Friday and zoomed up to 22 percent, led by BHEL, in-tandem with a bullish broader market trend. On the BSE, shares of BHEL jumped 22.22 percent, Hindustan Copper climbed 19.66 percent, MMTC 17.36 percent, Shipping Corporation of India 9.31 percent and National Aluminium Company 8.42 percent. Also, SAIL advanced 7.90 percent, …

When will investors see light in Bharat Heavy Electricals’ stock?
5 years, 8 months ago

When will investors see light in Bharat Heavy Electricals’ stock?

Live Mint  

When stringent cost-cutting catapulted net profit nearly 50% year-on-year in the March quarter of FY19, a ray of hope appeared for Bharat Heavy Electricals Ltd’s investors. A JM Financial Services Ltd report says that the next round of thermal capex is required only by FY22-23, implying another 24 months of stagnant order flows. Underutilized thermal capacity, with 25 gigawatts stranded …

BHEL Q1 net profit nearly doubles to over Rs155 crore
6 years, 8 months ago

BHEL Q1 net profit nearly doubles to over Rs155 crore

Live Mint  

New Delhi: Power equipment maker BHEL on Wednesday posted about 93% jump in standalone net profit to Rs155.58 crore in the first quarter of current fiscal on higher revenues. Its net profit was Rs80.82 crore in the April-June quarter of last fiscal, 2017-18, the company said in BSE filing. “Concerted efforts resulted in order book to increase by two-and-a-half times …

BHEL pays 79% dividend for 2016-17, highest in 3 years
7 years, 5 months ago

BHEL pays 79% dividend for 2016-17, highest in 3 years

India TV News  

State-owned power equipment maker Bharat Heavy Electricals Ltd has paid a final equity dividend of 39 per cent for 2016-17. With this, the total dividend paid during the year stands at 79 per cent, including an interim one of 40 per cent paid earlier, BHEL said in a statement today. A cheque of Rs 120.39 crore towards the final dividend …

Rs 5,600 crore LoA for BHEL power unit
9 years ago

Rs 5,600 crore LoA for BHEL power unit

Deccan Chronicle  

Tiruchy: Reposing confidence in BHEL’s technological and project execution capabilities, the Chief Minister J. Jayalalithaa, handed over the Letter of Award for setting up the Main Plant Package for the 2x800 MW Uppur Supercritical Thermal Power Project to Atul Sobti, CMD, BHEL, in Chennai. Against International Competitive Bidding, BHEL has bagged this major order for setting up the 1,600 MW …

BHEL Q1 Net Nosedives 82% to Rs 34 crore; Stock Falls 6%
9 years, 7 months ago

BHEL Q1 Net Nosedives 82% to Rs 34 crore; Stock Falls 6%

The Quint  

State-run power equipment maker Bharat Heavy Electricals Ltd reported a 82.48 per cent plunge in standalone net profit at Rs 33.89 crore for the quarter ended June 30, due to lower sales. The PSU firm had reported a net profit of Rs 193.50 crore in the corresponding quarter of the previous fiscal, BHEL said in a regulatory filing. BHEL’s revenue …

BHEL bags huge order from Telangana
9 years, 9 months ago

BHEL bags huge order from Telangana

The Hindu  

The Bharat Heavy Electricals Limited has secured the single-largest order for setting up a 4,000 MW thermal power project with supercritical parameters at Damaracherla in Nalgonda district in Telangana from the Telangana State Power Generation Corporation Limited on engineering, procurement, and construction basis. The project would be carried out on fast track basis with both BHEL and TSGENCO setting up …

BHEL Disinvestment Likely in April; May Fetch Rs 3,200 cr
10 years ago

BHEL Disinvestment Likely in April; May Fetch Rs 3,200 cr

The Quint  

The government has firmed up a list of PSUs to be divested next fiscal, starting with BHEL in April, in a bid to meet the Rs 41,000 crore stake sale target for 2015-16. Official sources said the Disinvestment Department has completed overseas roadshows for BHEL stake sale in London, Singapore and Hong Kong. At the current market price of Rs …

BHEL gets Rs 3,800 crore EPC order from Telangana
10 years, 2 months ago

BHEL gets Rs 3,800 crore EPC order from Telangana

Firstpost  

New Delhi: State-owned Bhel has bagged a Rs 3,810 crore contract from Telangana for setting up the newly formed state’s first thermal power project. “Valued at Rs 3,810 crore, the order is for setting up the 800 MW supercritical thermal power plant on EPC basis at Kothagudem in Khammam District of Telangana,” Bhel said in a statement. TSGENCO has entered …

BHEL to set up 6,000 MW thermal plant in Telangana
10 years, 5 months ago

BHEL to set up 6,000 MW thermal plant in Telangana

India TV News  

Hyderabad: State-owned Bharat Heavy Electricals Limited will set up 6,000 MW thermal power plant in Telangana. BHEL chairman and managing director B. Prasad Rao and Telangana State Power Generation Corporation chairman and managing director. A central public sector undertaking, BHEL is the largest engineering and manufacturing enterprise in India and is one of the leading companies in the field of …

BHEL annual profit slides to Rs 3,228 crore
10 years, 11 months ago

BHEL annual profit slides to Rs 3,228 crore

India TV News  

New Delhi: Bharat Heavy Electricals Ltd's net profit more than halved to Rs 3,228 crore in the previous financial year on account of low volumes and challenges in the domestic power sector. The power equipment major had posted a net profit of Rs 6,615 crore in 2012-13, BHEL said on Saturday.The state-owned major's turnover declined to Rs 40,366 crore from …

BHEL annual profit slumps to Rs 3,228 crore
10 years, 11 months ago

BHEL annual profit slumps to Rs 3,228 crore

India TV News  

New Delhi: Bharat Heavy Electricals Ltd's net profit more than halved to Rs 3,228 crore in the previous financial year as the company grappled with tough business conditions. The state-owned company had posted a net profit of Rs 6,615 crore in 2012-13, BHEL said on Saturday.The power equipment maker's turnover declined to Rs 40,366 crore from Rs 50,156 crore in …

BHEL bags Rs. 3,000 cr order from NTPC
11 years ago

BHEL bags Rs. 3,000 cr order from NTPC

India TV News  

New Delhi : Bharat Heavy Electricals Ltd has bagged an order worth nearly Rs. 3,000 crore for supply of steam generators for an upcoming power project in Odisha. The state-owned heavy electricals major has received the order from the country's largest power producer NTPC for supply of 2x800 MW steam generators with super critical parameters for the project at Darlipali …

BHEL net profit down 8 %
11 years, 11 months ago

BHEL net profit down 8 %

The Hindu  

Bharat Heavy Electricals Limited, on Monday, announced an 8 per cent decline in its net profit at Rs.6,485 crore during 2012-13 and an outstanding payment of Rs.40,000 crore from its customers. BHEL had reported a net profit of Rs.7,040 crore in the 2011-12 fiscal. Announcing this at a press conference here, BHEL Chairman and Managing Director B. P. Rao said …

Why Bhel is trading near its 52-week low of Rs 222
12 years, 11 months ago

Why Bhel is trading near its 52-week low of Rs 222

Firstpost  

The Rajasthan government has scrapped tenders worth Rs 12,000 crore that were bagged by Bharat Heavy Electricals more than a year ago for two separate thermal power projects in the state The Rajasthan government has scrapped tenders worth Rs 12,000 crore that were bagged by Bharat Heavy Electricals more than a year ago for two separate thermal power projects in …

BHEL's Tiruchirappalli unit expects Rs 17,251 cr revenue in FY13
12 years, 11 months ago

BHEL's Tiruchirappalli unit expects Rs 17,251 cr revenue in FY13

Firstpost  

In 2011-12, the unit achieved an all-time high turnover of Rs 14,600 crore and contributed almost one-third of the total BHEL corporate’s revenue of Rs 49,301 crore. Tiruchirappalli: The unit of Bharat Heavy Electricals here, engaged in the production of power plant equipment, is eyeing a turnover of Rs 17,251 crore this fiscal, a company official said. Talking to reporters …

Why you should sell your BHEL shares, now
13 years, 2 months ago

Why you should sell your BHEL shares, now

Firstpost  

Bhel will announce Q3 numbers on Friday and you must get rid of your shares before that happens. For the current financial year ending March 2012, BHEL had offered a guidance of orders worth Rs 6,60,000 crore. Given that L&T has reported a whopping 54 percent fall in orders for the same period and issued no guidance for the next …

Bhel orders dry up due to policy paralysis
13 years, 6 months ago

Bhel orders dry up due to policy paralysis

Live Mint  

New Delhi: The uncertainty over land acquisition and policies, and the poor health of state-owned electricity distribution utilities has resulted in orders drying up for India’s largest power equipment maker— Bharat Heavy Electricals Ltd. The state-owned firm, which has been planning a follow-on public offer of shares, didn’t receive any orders from power firms in the first quarter against orders …

Power point: BHEL gets the spark after UBS report
13 years, 9 months ago

Power point: BHEL gets the spark after UBS report

Firstpost  

The power generation sector may have suffered a blackout. To UBS, this is likely to remain an overhang in the near term as investors may believe that the price band to be fixed for the FPO would be determined by the current share price and the government may offer a discount and the stock will be available at a reduced …

BHEL in pact with MP Power Generation Co for thermal project
15 years, 4 months ago

BHEL in pact with MP Power Generation Co for thermal project

The Hindu  

Public sector power utility BHEL today said it has entered into an agreement with the Madhya Pradesh Power Generation Company for jointly setting up a thermal power project in the state. The joint venture company will build a 2x800 MW thermal power plant with supercritical parameters at Khandwa in Madhya Pradesh, BHEL said in a statement. “Subsequently, the equity would …

BHEL in talks with foreign companies for power transmission JV
15 years, 5 months ago

BHEL in talks with foreign companies for power transmission JV

The Hindu  

State-run power equipment maker BHEL on Friday said it would finalise a global technology partner for the proposed joint venture to manufacture power transmission equipment within three months. “The power transmission equipment joint venture will be in place in the next three months, we are in talks with some international players,” CMD BHEL B P Rao told reporters in his …

BHEL secures Rs 1,300-cr order from NTPC joint venture
15 years, 6 months ago

BHEL secures Rs 1,300-cr order from NTPC joint venture

The Hindu  

Power equipment maker BHEL on Friday said that it has bagged a Rs 1,300 crore order from NTECL, a joint venture of power producer NTPC and Tamil Nadu Energy Company, for supply of turbines to the upcoming Vallur Thermal Power Project in Tamil Nadu. BHEL has won the order for the supply and installation of the boiler, turbine and generator …

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