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 a meaningful manner in 18-24 months, but since BHEL has bid for it aggressively, gross margin recovery would take longer. Orders in some segments such as nuclear tend to have a long-gestation period, while in others increased order intake may not necessarily be gross margin accretive, said analysts. “A large order has aided the company’s order book in H1FY23, but challenges on the execution front remain, which is languishing below expectations," said Amit Anwani, research analyst at Prabhudas Lilladher.

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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. …

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, …

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 …

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 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 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 …

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 …

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 …

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 …

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