BHEL Poised to Oversee Massive EV Charging Station Tender Under PM E-Drive Initiative 4 days ago
Bharat Heavy Electricals Limited (BHEL) is likely to be selected to manage the tendering process for 72,300 EV charging stations across India as part of the PM E-Drive Initiative. This government program, with a budget of ₹10,900.00 crore, aims to boost EV adoption in the country. If chosen, BHEL would play a crucial role in developing India's EV charging infrastructure, potentially increasing consumer confidence in EVs, encouraging automakers to expand their EV offerings, and contributing to reduced carbon emissions in the transportation sector.
BHEL Shares: Block Trade of 1.2 Million Shares Executed at Rs. 261.00 Each 9 days ago
BHEL Faces Downgrade Amid Weak Power Segment Performance May 19, 2025
BHEL Sets Date for Q4 and FY2025 Results, Considers Final Dividend May 15, 2025
More news about Bharat Heavy Electricals
02May 25
BHEL Sets Date for Q4 Results and Dividend Consideration
Bharat Heavy Electricals Limited (BHEL) has announced a board meeting on May 16, 2025, to review and approve Q4 and FY 2024-25 financial results, and consider a final dividend. The trading window for Designated Persons will be closed until May 18, 2025. This meeting is crucial for investors as it will provide insights into BHEL's financial performance and potential shareholder returns.
BHEL Reports 19% Revenue Surge and Record Order Inflows in FY 2024-25
Bharat Heavy Electricals Limited (BHEL) announced impressive financial results for FY 2024-25, with a 19% year-on-year revenue increase to Rs 27,350.00 crore. The company secured its highest-ever annual order inflows of Rs 92,534.00 crore, resulting in a total order book of Rs 1,95,922.00 crore. BHEL's power sector dominance continued with orders worth Rs 81,349.00 crore, while the industrial segment grew with orders of Rs 11,185.00 crore. The company also commissioned or synchronized 8.1 GW of thermal power capacity during the fiscal year.
17Apr 25
BHEL Signs Technology Transfer Agreement with BARC for Indigenous Green Hydrogen Production
BHEL has signed a Technology Transfer Agreement with BARC for indigenous diaphragm technology for electrolysers. This agreement aims to reduce green hydrogen production costs and decrease import dependence. The technology will enable BHEL to achieve complete indigenous development of electrolyser systems, supporting the National Green Hydrogen Mission and Make in India initiative.
16Apr 25
BHEL Enhances Green Hydrogen Capabilities with BARC Technology Transfer Agreement
BHEL has signed a Technology Transfer Agreement with BARC for Mixed-Matrix Membrane Diaphragm Technology used in hydrogen production. This indigenous technology will replace imported Zirfon and asbestos in electrolyser systems, supporting cost reduction in green hydrogen production. The agreement aligns with India's National Green Hydrogen Mission and Make in India initiative, positioning BHEL to play a significant role in the country's clean energy transition.
BHEL Forges 10-Year Strategic Partnership with Nuovo Pignone for Fertilizer Sector Revamp Projects
Bharat Heavy Electricals Limited (BHEL) has entered a 10-year Memorandum of Understanding with Nuovo Pignone International s.r.l., starting April 9, 2025. The partnership focuses on compressor revamp projects in India's fertilizer industry, with BHEL as the main bidder and Nuovo Pignone as a nominated vendor. BHEL is expected to secure about 50% of the financial terms in these projects, aiming to boost its market share in the fertilizer sector's Renovation & Modernization business. No upfront payment was made for this strategic tie-up, and each party will handle their identified scope of work.
03Apr 25
BHEL Secures Major Contract for 6000 MW HVDC Terminal Station Project
Bharat Heavy Electricals Limited (BHEL) has signed a contract for a 6,000 MW, ±800 kV HVDC project connecting Bhadla, Rajasthan to Fatehpur, Uttar Pradesh. In consortium with Hitachi Energy India Limited, BHEL will design and execute the bi-pole and bi-directional terminal station to transmit renewable energy over 950 kilometers. BHEL's scope includes supplying key components, constructing substations, and installing power evacuation systems. The project, set for completion by 2029, marks BHEL's fourth UHVDC transmission project and aligns with India's goal of achieving 500 GW of renewable energy by 2030.
01Apr 25
BHEL Seeks Rs 542 Crore Recovery from Karnataka Power Corporation in Legal Battle
Bharat Heavy Electricals Limited (BHEL) has filed a lawsuit against Karnataka Power Corporation Limited (KPCL) in the Bengaluru City Civil Court, seeking to recover Rs 542.00 crore under an Engineering, Procurement, and Construction (EPC) contract for a unit of the Bellary Thermal Power Station. This legal action between two state-owned entities highlights tensions in India's power sector and could have significant implications for future collaborations and contract structures in large-scale infrastructure projects.
28Mar 25
BHEL Files ₹542 Crore Lawsuit Against KPCL, Secures ₹11,800 Crore Contract from CSPGCL
BHEL has filed a ₹542.14 crore lawsuit against Karnataka Power Corporation Ltd. for outstanding dues on an EPC contract. Simultaneously, the company received a Letter of Intent for a ₹11,800 crore EPC package from Chhattisgarh State Power Generation Company Limited to construct a 2x660 MW Supercritical Thermal Power Plant, to be completed within 60 months.
28Mar 25
BHEL Takes Legal Action Against Karnataka Power Corporation for Rs 542.14 Crore Recovery
Bharat Heavy Electricals Limited (BHEL) has filed a lawsuit against Karnataka Power Corporation Ltd (KPCL) in the Bengaluru City Civil Court to recover Rs 542.14 crore under an EPC contract for the Bellary Thermal Power Station. The legal action, disclosed under SEBI regulations, aims to secure outstanding payments and highlights challenges in the power sector regarding contract fulfillment and timely payments. Simultaneously, BHEL received a Letter of Intent from Chhattisgarh State Power Generation Company for an EPC package worth Rs 11,800 crore, demonstrating its ongoing engagement in major power projects.
BHEL Extends Technology Collaboration with Vogt Power International for Heat Recovery Systems
Bharat Heavy Electricals Limited (BHEL) has extended its Technology Collaboration Agreement with Vogt Power International Inc. (VPI), USA, for Heat Recovery Steam Generators. This renewal aims to enhance BHEL's capabilities in power generation, support the 'Make in India' initiative, and maintain international standards. The collaboration focuses on advancing HRSG design for combined cycle and cogeneration plants, potentially strengthening BHEL's market position and technological competitiveness.
25Mar 25
BHEL Extends Technology Collaboration with Vogt Power for Heat Recovery Steam Generators
Bharat Heavy Electricals Limited (BHEL) has extended its Technology Collaboration Agreement with Vogt Power International Inc., USA for Heat Recovery Steam Generators. This renewal aims to enhance BHEL's capabilities in advanced heat recovery technologies, strengthening its position in the power generation sector. The collaboration focuses on combined cycle and cogeneration plants, aligning with India's 'Make in India' initiative. While financial terms remain confidential, the partnership is expected to boost BHEL's technological advancement and competitive edge in the market.
BHEL Secures Legal Victory and Initiates New Arbitration Claim
BHEL wins court case against RattanIndia Power, awarded Rs. 115 crore plus interest. Initiates new arbitration claim of Rs. 283.7 crore against Fitwell Constructions. Total potential recovery amounts to Rs. 398.7 crore plus interest, potentially boosting BHEL's financial position.
10Mar 25
BHEL Secures Legal Victories: Delhi HC Upholds 1.15 Billion Rupee Award, Company Initiates New Arbitration
Bharat Heavy Electricals Limited (BHEL) has received a favorable ruling from the Delhi High Court, upholding an interim award of 1.15 billion rupees. Additionally, BHEL has initiated arbitration proceedings against Fitwell Constructions, seeking to recover 283.7 million rupees in contractual dues. These legal developments could potentially boost BHEL's financial position and demonstrate the company's commitment to recovering dues through legal channels.
07Mar 25
BHEL Secures ₹115 Crore Victory: Delhi High Court Upholds Arbitration Award Against RattanIndia Power
The Delhi High Court has upheld an interim arbitration award of ₹115 crore in favor of Bharat Heavy Electricals Limited (BHEL) against RattanIndia Power Ltd. The award, originally passed on July 27, 2017, includes an 18% per annum interest rate calculated from August 26, 2017. BHEL promptly informed stock exchanges of this development on March 7, 2025. Concurrently, BHEL has initiated separate arbitration proceedings against Fitwell Constructions for ₹28,37,37,515 in contractual dues.
07Mar 25
BHEL's Legal Victories: High Court Upholds ₹115 Crore Award Against RattanIndia Power and Initiates New Arbitration
BHEL secures a major legal victory as the High Court affirms a ₹115 crore arbitral award against RattanIndia Power. The court rejected RattanIndia's petition, upholding the validity of the arbitration process. In a separate development, BHEL has initiated new arbitration proceedings against Fitwell Constructions, claiming ₹283.7 million in contractual dues. These legal actions highlight BHEL's proactive approach in recovering dues and underscore the significance of arbitration in resolving disputes within India's power and construction sectors.
04Mar 25
BHEL Takes Legal Action Against RPCL Over ₹423.42 Crore Dispute
Bharat Heavy Electricals Limited (BHEL) has filed a writ petition in the Karnataka High Court against Raichur Power Corporation Limited (RPCL), seeking to recover ₹423.42 crore allegedly withheld by RPCL. BHEL is requesting the court to declare RPCL's withholding of funds as wrongful and direct the release of the payment. This legal action, disclosed in BHEL's regulatory filing under SEBI's LODR regulations, highlights the financial challenges faced by major infrastructure and power sector companies in securing timely payments.
21Feb 25
BHEL Faces $29.67 Million Arbitration Claim from Dipon Gulf General
Bharat Heavy Electricals Limited (BHEL) is facing arbitration proceedings initiated by Dipon Gulf General Contracting LLC, UAE at the Singapore International Arbitration Centre. The claim amounts to $29.67 million (₹246 crore) and relates to contracts for the Maitree Project in Bangladesh. Dipon Gulf alleges additional work beyond the contract scope, which BHEL denies. BHEL is preparing a counter-claim, asserting that the claims are not tenable under existing contract provisions.
18Feb 25
BHEL Faces $3.1 Million Arbitration Claim, Stock Tumbles 5.1%
Bharat Heavy Electricals Limited (BHEL) is facing arbitration claims totaling approximately $3.1 million and ₹3.79 crore from Ducon Technologies Inc. and Ducon Infratechnologies Ltd. against its Ranipet unit. The Indian Council of Arbitration has appointed an arbitrator on February 17, 2025. BHEL's stock price fell 5.1% following the news, reflecting investor concerns about potential financial and reputational implications. The company has stated it is actively defending against these claims.