Heavy electrical equipment company organises Samvaad 4.0 – dialogue for strengthening local supply ecosystem, through innovation and collaboration
The stock is up by 62.3 per cent from its 52-week low of Rs 151.55 per share.
Bharat Heavy Electricals Limited (BHEL) hosted SAMVAAD 4.0, a significant dialogue focused on strengthening India's local supply ecosystem through innovation and collaboration. This event, held under the aegis of the Ministry of Heavy Industries (MHI), brought together key stakeholders including industry associations, academia, research institutions, government organizations, and public sector enterprises.
The theme of SAMVAAD 4.0, "Strengthening self-reliance through innovation & collaboration," aligns with Prime Minister Narendra Modi's vision of a self-reliant India. Hon'ble Union Minister of Heavy Industries & Steel, H. D. Kumaraswamy, commended India's progress towards becoming a global economic powerhouse and acknowledged BHEL's pivotal role in this journey. He emphasized the importance of initiatives like Make in India and the Production-Linked Incentive (PLI) schemes in driving the growth of India's manufacturing sector.
Kamran Rizvi, Secretary (HI), highlighted the Ministry's commitment to building a resilient manufacturing ecosystem and praised BHEL's efforts to foster collaboration and indigenization through SAMVAAD. He expressed appreciation for the technical sessions, which delved into topics like AI and cybersecurity, and encouraged continued collaboration between industry and BHEL to strengthen the fabric of Make in India.
Vijay Mittal, Joint Secretary (HI), underscored the significance of local supplier development in achieving self-reliance and commended BHEL's initiatives under SAMVAAD. He also highlighted the role of Government e-Marketplace (GeM) in enhancing procurement transparency and efficiency.
BHEL CMD K. Sadashiv Murthy emphasized the company's focus on indigenization and product development for other entities to reduce import dependency. He cited the successful development and supply of Ceramic Pouring Tubes to Indian Railways as an example of BHEL's commitment to self-reliance.
During the event, the Hon'ble Union Minister released "Udyog Bharati," a magazine of the Ministry of Heavy Industries, and BHEL's Engineering Compendium, "Innovation to AatmaNirbharta." Additionally, BHEL's successful partners were felicitated for their contributions to Aatmanirbhar Bharat.
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About the Company
BHEL, a leading public sector enterprise under the Ministry of Heavy Industries and Public Enterprises, has been at the forefront of India's power sector for over six decades. With a strong track record in the design, engineering, and manufacturing of a wide range of power generation equipment, BHEL has played a pivotal role in powering the nation's economic growth. BHEL Limited manufactures various power plant equipment.
Bharat Heavy Electricals Limited (BHEL) announced mixed sets of numbers in its Quarterly Results (Q2FY25) and half-yearly results (H1FY25). According to quarterly results, the net sales increased by 28.5 per cent to Rs 6,584.10 crore in Q2FY25 compared to Q2FY24. The company reported a net profit of Rs 89.53 crore in Q2FY25 compared to a net loss of Rs 74.96 crore in Q2FY24, an increase of 219.4 per cent. In its half-yearly results, the company reported net sales of Rs 12,069 crore and a net loss of Rs 136 crore in H2FY25 while in its annual results, the company reported net sales of Rs 23,893 crore and a net profit of Rs 218.24 crore in FY24.
The company has a market cap of over Rs 85,000 crore. The President of India’s portfolio owns 63.17 per cent and Life Insurance Corporation of India’s portfolio owns 6.72 per cent as of September 2024. Additionally, FIIs increased their stake to 9.48 per cent in September 2024 compared to 9.10 per cent in June 2024. Furthermore, the company’s order book stands at Rs 1,80,000 crore.
The company has been maintaining a healthy dividend payout of 27.8 per cent. The stock is up by 62.3 per cent from its 52-week low of Rs 151.55 per share. Investors should keep an eye on this PSU stock.
Disclaimer: The article is for informational purposes only and not investment advice.