Rs 1,60,157 Crore Order Book: Heavy Electrical Equipment Company Bags New Orders From MAHAGENCO & Adani Energy Solutions
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 December 2024.
Bharat Heavy Electricals Limited (BHEL) Bags 2 New Orders
Order 1: BHEL has secured a Letter of Award from Maharashtra State Power Generation Company Limited (MAHAGENCO), a Maharashtra government undertaking, for the BTG package (including equipment supply, erection, commissioning, and civil works) of the 2x660 MW Koradi Thermal Power Station Units 11 & 12 in Nagpur, Maharashtra. This domestic order, awarded through Local Competitive Bidding, is valued at approximately Rs 8,000 crore (excluding GST). The project involves the completion of Performance Guarantee Tests and the handover of Unit-11 within 52 months and Unit-12 within 58 months.
Order 2: BHEL in consortium with Hitachi Energy India Limited (HEIL), has received a Letter of Intent (LOI) from Rajasthan Part I Power Transmission Limited (a special purpose vehicle under Adani Energy Solutions Limited) for the BF800 HVDC Project. This domestic order involves the design and execution of a High Voltage Direct Current (HVDC) link and associated AC substations to transmit 6000 MW of renewable energy from Bhadla III (Rajasthan) and Fatehpur (Uttar Pradesh). Specifically, the project entails establishing two HVDC LCC terminal stations of 6000 MW each at Bhadla and Fatehpur, along with a +800 kV HVDC LCC terminal station (4x1500 MW) connecting Bhadla III and Fatehpur. The LOI, issued by a domestic entity, precedes a formal contract and anticipates project completion by 2030.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.
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 stellar sets of numbers in its Quarterly Results (Q3FY25) and nine-month results (9MFY25). According to quarterly results, the net sales increased by 32 per cent to Rs 7,277 crore and net profit increased by 207 per cent to Rs 116.44 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the company reported net sales of Rs 19,346 crore and a net loss of Rs 19.64 crore in 9MFY25 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 72,000 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 December 2024. The company’s order book stands at Rs 1,60,157 crore. The company has been maintaining a healthy dividend payout of 27.8 per cent. Investors should keep an eye on this PSU stock.
Disclaimer: The article is for informational purposes only and not investment advice.