Bharat Heavy Electricals Ltd News

BHEL, Hitachi Energy rise up to 9% after securing Khavda Nagpur project

While Hitachi Energy did not specify the time period of the order in the filing, BHEL said that the order has to be completed by 2029

Bhel-Hitachi receives Khavda Nagpur HVDC project from Power Grid Corp

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Monday said it has, along with Hitachi Energy India, secured an order for Khavda Nagpur HVDC (hight voltage direct current transmission) project from Power Grid Corporation. The order was awarded by Power Grid Corporation of India on behalf of its Project SPV (special purpose vehicle) company. According the filing, the order is to design and execute the 800kV, 6,000 MW, 1,200 km High Voltage Direct Current (HVDC) terminal stations to evacuate renewable energy from Khavda in Gujarat to Nagpur in Maharashtra. The order will be executed by 2029. Power Grid Corporation secured Khavda Phase V: Part A Power Transmission, the first-ever HVDC project tendered through a tariff-based competitive bidding (TBCB) process and subsequently selected BHEL and Hitachi Energy India for the implementation of bi-directional parallel HVDC bipoles and associated AC substations for power evacuation. This project is part of the interstate

1 out of 6 Nifty 500 stock falls over 20%; Time to worry or cherry pick?

Many quality small- and medium-cap stocks have become appealing buys, and the medium-to-long-term outlook remains robust due to economic factors, said G Chokkalingam of Equinomics Research.

BHEL Q2 results: Net profit jumps to Rs 106 cr on higher revenues

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Monday posted a consolidated net profit of Rs 106.15 crore in September quarter mainly on the back of higher revenues. The company had reported a consolidated net loss of Rs 63.01 crore in the quarter ended on September 30, 2023, a BSE filing showed. According to the filing, BHEL had reported a loss of Rs 211.40 crore in the quarter ended June 30, 2024. Total income in the second quarter rose to Rs 6,695.37 crore in the period under review, from Rs 5,305.38 crore in the same period a year ago.

Q2 results today: Airtel, Adani Power and BHEL among 168 to post earnings

Q2FY25 company results: Indian Oil, Ambuja Cements, Aditya Birla Sun Life AMC, Sun Pharma and more will report their second-quarter earnings on October 28

Rs 98k-cr selloff by FIIs in Oct drags Mid, SmallCap indices 9% in 7 days

FIIs have offloaded Indian equities worth a total of Rs 98,086 crore on the stock exchanges till October 24, data from NSDL showed

BHEL share gains 3% on bagging Rs 6,100-crore thermal power order from NTPC

The uptick in BHEL share price came after the company announced that it has secured an order worth Rs 6.100 crore from NTPC.

PFC pays Rs 462 cr final dividend for 2023-24 to govt; BHEL pays Rs 55 cr

State-owned Bharat Heavy Electricals Ltd (BHEL) on Wednesday said it has paid a final dividend of Rs 55 crore for 2023-24 to the government. To this effect, a cheque towards the final dividend on the equity (63.17 per cent) held by the Government of India, was presented to H. D. Kumaraswamy, Union Minister of Heavy Industries and Steel by K Sadashiv Murthy, Chairman and Managing Director, BHEL, a company statement said. The total dividend paid to the company's shareholders for 2023-24 amounted to over Rs 87 crore.

Bhel wins thermal projects worth Rs 11,000 crore from Adani Power

BHEL will complete the Kawai Phase-II project in 49 months, the Kawai Phase-III project in 52 months, and the Mahan Phase-III project in 55 months

BHEL stock up 3% on multiple order wins of Rs 11,000 cr; more details here

The shares of BHEL rallied after the company announced that it has secured multiple orders worth over Rs 11,000 crore from Adani Power and its subsidiary Mahan Energen Limited.

Bhel gets 1,600 MW thermal power project from Damodar Valley Corporation

State-owned BHEL on Monday said it has secured a 1,600 MW project from Damodar Valley Corporation (DVC). The coal-based unit will be set up in the Koderma district of Jharkhand on an EPC (Engineering, Procurement, and Construction) basis, BHEL said in a statement. The 2x800 MW Koderma Supercritical Thermal Power Project (STPP) has been awarded through International Competitive Bidding (ICB), it said. This is the first such project in terms of capacity for DVC, and will be set up adjacent to its existing 2x500 MW units set up by BHEL earlier, the statement said. BHEL further said that it has a long-standing partnership with DVC and has installed over 80 per cent of the coal-based power stations of the utility in Jharkhand and West Bengal. The new project from DVC includes supply, erection and commissioning, along with civil works. The key equipment for the project will be supplied by BHEL's manufacturing units. Bharat Heavy Electricals Ltd (BHEL) is one of the largest engineering

BHEL Q1 results: Net loss widens to Rs 211.4 crore on higher expenses

State-owned BHEL on Wednesday reported the widening of its consolidated net loss to Rs 211.40 crore for the June quarter, on account of higher expenses. It had clocked Rs 204.70 crore loss for the April-June period of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income rose to Rs 5,581.78 crore from Rs 5,117.20 crore in the year-ago quarter. Expenses stood at Rs 5,874.98 crore as against Rs 5,409.47 crore a year ago. Bharat Heavy Electricals Ltd (BHEL) is one of the largest engineering and manufacturing companies in India.

BHEL rises over 3% on bagging Rs 10,000 cr-order from Damodar Valley Corp

The surge in the share price came after the company secured Rs 10,000 crore order for 1600MW Damodar Valley Corp project.

RVNL surpasses BPCL, PNB in market cap ranking; stock zooms 54% in 1 week

At 11:50 am; with Rs 1.33 trillion market cap, RVNL was trading 4.5% higher at Rs 638.25 on the BSE, while, BPCL and PNB's market cap stood at nearly Rs 1.32 trillion, data shows.

State-owned Coal India firms up gasification plans in tie-up with BHEL

In May 2024, CIL and Bhel joined hands to set up BCGCL as a joint venture. CIL holds 51 per cent stake while Bhel has 49 per cent

Stocks to buy and sell on July 4: Bhel, Lupin, Firstsource Solutions

Pharma index has rebounded from the key support zone and LUPIN is offering fresh buying opportunity with favorable risk to reward

BHEL up 4% on securing Rs 13,300 cr-order to set up thermal power plant

The increase in share price came after BHEL announced that it has secured an order worth Rs 13,300 crore to establish a 1600 MW thermal power plant in Koderma, Jharkhand, from the Damodar Valley Corp

Reliance, Airtel, Voda Idea, BHEL among 5 stocks to watch today

Stocks to watch on Friday, June 28, 2024: Shares of telecom companies expected to hog limelight; Stanley Lifestyles to debut on the bourses today.

BHEL bags Rs 13,300 crore order to set up 1600 MW-thermal power project

State-owned engineering firm BHEL has bagged the Rs 13,300 crore order to set up a 1600 MW thermal power plant in Koderma in Jharkhand from Damodar Valley Corporation (DVC). Commensurate with the goal of the central government to ensure the energy security of the country, DVC has finalised the tender for the engineering, procurement and construction (EPC) package of Koderma TPS (2X800MW) in Jharkhand, with Bharat Heavy Electricals Ltd (BHEL) for Rs 13,300 Crore on June 26, 2024, a power ministry statement said. With this investment, which would also have a substantial impact on the local economy and benefit people, the installed thermal generation capacity of DVC would go up to 8140 MW by 2030.