Bharat Heavy Electricals Limited (BHEL) has commenced the supply of semi-high-speed underslung traction converters for the Vande Bharat sleeper trains, marking a significant development in India's railway modernization program.

Key Development Details

The supply of these specialized traction converters represents BHEL's continued participation in India's flagship train project. The underslung traction converters are specifically engineered for semi-high-speed operations, designed to meet the technical requirements of the Vande Bharat sleeper variant.

Strategic Significance

This supply contract reinforces BHEL's position as a key supplier for India's advanced railway projects. The traction converters are critical components that enable the efficient operation of electric trains, converting electrical power to drive the train's motors.

Railway Infrastructure Impact

The commencement of supply for Vande Bharat sleeper train components indicates progress in expanding India's semi-high-speed rail network. These traction converters will support the operational capabilities of the sleeper variant of the Vande Bharat trains, which are designed to provide enhanced passenger comfort for longer-distance travel.

Bharat Heavy Electricals (BHEL) shares surged nearly 5% following the announcement of a major ₹5,400 crore order from Bharat Coal Gasification and Chemicals Limited (BCGCL). The stock jumped from its previous close of ₹272.30 to around ₹285 per share, reflecting strong investor confidence in this significant contract win.

Major Coal Gasification Project Win

BHEL has secured a comprehensive work order for setting up a Coal Gasification and Raw Syngas Cleaning Plant for BCGCL's project that will produce ammonium nitrate at Lakhanpur in Jharsuguda district, Odisha. The project represents a strategic entry for BHEL into the coal gasification and clean energy space.

The comprehensive scope of work includes design, engineering, supply of equipment, construction, installation, commissioning, and long-term operation and maintenance support.

Strong Financial Performance

BHEL has demonstrated robust financial growth across multiple metrics. The company's recent financial performance shows significant improvement in both revenue and profitability.

Year-on-Year Analysis

Quarter-on-Quarter Analysis

The quarterly performance shows even more impressive growth trajectory:

Company Profile and Market Position

Bharat Heavy Electricals Ltd operates as an integrated power plant equipment manufacturer with diverse capabilities across multiple sectors. The company specializes in design, engineering, manufacture, erection, testing, commissioning and servicing for core economic sectors including power, transmission, industry, transportation, renewable energy, oil & gas, and defence.

The substantial order book of ₹1,96,328 crores as of March 31, 2025, provides strong revenue visibility for the company. This latest ₹5,400 crore order further strengthens BHEL's position in the energy and infrastructure sector, particularly in the emerging coal gasification technology space.