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BHEL Withdraws Acceptance of LOI for 800 MW Anuppur Thermal Power Project

Bharat Heavy Electricals Limited has withdrawn its acceptance of the Letter of Intent from MB Power (Madhya Pradesh) Limited for the supply of equipment for the 1x800 MW Anuppur Thermal Power Project. The withdrawal follows the inability to execute a formal contract within the agreed timeline despite multiple discussions and extensions. The development was communicated to stock exchanges under Regulation 30 of SEBI regulations.

20Apr 26

BHEL Records Rs. 26.80 Crore Block Trade on NSE at Rs. 321.00 Per Share

Bharat Heavy Electricals Ltd. executed a major block trade on NSE worth Rs. 26.80 crores, involving approximately 834,901 shares at Rs. 321.00 per share. The transaction highlights significant institutional activity and demonstrates continued investor interest in the power equipment manufacturer's stock through off-market trading mechanisms.

09Apr 26

BHEL Partners With E2S Korea For Excitation System Technology Upgrade

Bharat Heavy Electricals Limited has signed a technology collaboration agreement with E2S Korea to upgrade excitation systems for power generation equipment. The partnership targets both Indian and overseas markets, representing BHEL's strategic focus on technological advancement and international partnerships to strengthen its position in the power equipment sector.

08Apr 26

BHEL Emerges as Lowest Bidder for ₹10,300 Crore Contract Package

Bharat Heavy Electricals Limited has emerged as the lowest bidder for a contract package worth ₹10,300 crores. This achievement positions the company favorably for contract award and demonstrates its competitive capabilities in large-scale industrial projects. The substantial contract value represents a significant business opportunity for the public sector engineering company.

08Apr 26

BHEL Submits Q4 FY26 Compliance Certificate Under SEBI Depositories Regulations

Bharat Heavy Electricals Limited filed its Q4 FY26 compliance certificate under SEBI Depositories Regulations on April 7, 2026. The certificate, submitted to BSE, NSE, NSDL, and CDSL, confirms adherence to dematerialization requirements. RTA Bigshare Services certified proper processing of physical share certificates, including verification, cancellation, and record updates for the quarter ended March 31, 2026.

08Apr 26

BHEL Opens Special Window for Transfer and Dematerialisation of Physical Securities

Bharat Heavy Electricals Limited has opened a special window for transfer and dematerialisation of physical equity shares pursuant to SEBI Circular dated January 30, 2026. The facility operates from February 05, 2026 to February 04, 2027, exclusively for shareholders with transfer deeds executed before April 01, 2019. All eligible requests will be processed in dematerialised mode through registrar Bigshare Services Private Limited, with the announcement disclosed through newspaper advertisements on April 07, 2026.

07Apr 26

BHEL Witnesses ₹24.26 Crore Block Trade on NSE at ₹246.39 Per Share

Bharat Heavy Electricals Ltd. executed a major NSE block trade worth ₹24.26 crores involving 984,677 shares at ₹246.39 per share. The transaction indicates significant institutional investor activity in the engineering major's stock. Block trades typically represent pre-negotiated deals between large investors executed outside regular trading hours to minimize market impact.

07Apr 26

BHEL Strengthens India's Nuclear Infrastructure with Multiple Reactor Projects

Bharat Heavy Electricals Limited is executing multiple nuclear infrastructure projects including manufacturing a 700 MWe steam generator, installing turbine systems for the 500 MWe Prototype Fast Breeder Reactor at Kalpakkam, developing a 300 MWe Advanced Heavy Water Reactor with BARC, and implementing turbine/primary-secondary systems for 2×1000 MWe units at Kudankulam including Units 3-4 with Rosatom partnership.

02Apr 26

BHEL Receives GST Demand Order Worth ₹21.72 Crore from Karnataka Authorities

BHEL received a GST demand order from Karnataka authorities with a balance demand of ₹10.92 crore and penalty of ₹10.80 crore for FY 2019-20 to 2022-23. The original demand of ₹65.75 crore was reduced by ₹54.83 crore. The company plans to appeal, stating the demand is not tenable and expects no financial implications due to strong case merits.

01Apr 26

BHEL Confirms Five-Year Procurement Extension from Land Border Countries

Bharat Heavy Electricals Limited has officially confirmed through regulatory filing that it received a five-year extension from the Department of Expenditure to procure 21 specific items from land border sharing countries under GFR Rule 144(xi). The confirmation includes a detailed timeline showing the process began with DoE communication in December 2025, BHEL's response in January 2026, and final approval in March 2026.

31Mar 26

BHEL Receives Credit Rating Outlook Upgrade to 'Positive' from India Ratings & Research

Bharat Heavy Electricals Limited received a credit rating outlook upgrade from India Ratings & Research, with the outlook revised from 'Stable' to 'Positive' on March 30, 2026. The rating agency reaffirmed the company's long-term rating at IND AA- and maintained the short-term rating at IND A1+ for bank facilities worth Rs 80,000 crores. The upgrade is based on BHEL's operational and financial performance up to Q3 FY 2025-26, representing an improvement from the 'Stable' outlook that was in place since June 2024.

30Mar 26

BHEL Receives Rs 13,500 Crore Order from NTPC for Telangana Power Project

Bharat Heavy Electricals Limited secured a major order worth over Rs 13,500 crore from NTPC Limited for the 3x800 MW Telangana Stage-II supercritical thermal power project. The comprehensive project includes design, engineering, manufacturing, supply, erection, commissioning and testing of main plant package components with a 62-month execution timeline.

28Mar 26

BHEL Announces Completion of Tenure for Two Independent Directors

BHEL announced the completion of tenure for two Independent Directors - Shri Ashok Kumar Aseri (DIN: 09405164) and Shri Aashish Chaturvedi (DIN: 00534621) - who ceased to be Part-time Non-Official (Independent) Directors on March 27, 2026. The disclosure was made in compliance with SEBI Listing Regulations and communicated to BSE and NSE through their respective platforms.

27Mar 26

BHEL Announces Senior Management Change as Ms. Aruna Gulati Transitions to New Role

BHEL disclosed a senior management change involving Ms. Aruna Gulati, who transitioned out of her senior management position on March 25, 2026. She moved from GM & Head (CSM & CC) in New Delhi, where she reported to CMD BHEL, to General Manager (Operations), SBD, Bengaluru, now reporting to Head (SBD), Bengaluru. The transition was due to transfer and re-allocation of work within the organization, and was disclosed under SEBI Regulation 30 on March 26, 2026.

25Mar 26

BHEL Announces Superannuation of Two Executive Directors Under Regulation 30

BHEL disclosed the superannuation of two Executive Directors - Shri S Prabhakar (Executive Director HPBP, Trichy) and Rajesh Kohli (Executive Director, Corporate Office, New Delhi) - effective March 24, 2026. The announcement was made under Regulation 30 of SEBI listing regulations and communicated to BSE and NSE on March 25, 2026, ensuring regulatory compliance regarding senior management changes.

19Mar 26

BHEL Director (HR) Krishna Kumar Thakur Relinquishes Charge to Join NMDC Limited

Bharat Heavy Electricals Limited announced the departure of Director (Human Resources) Shri Krishna Kumar Thakur effective 19th March, 2026, following his selection as Director (Personnel) at NMDC Limited. The transition was facilitated by Ministry of Heavy Industries order dated 18.03.2026, with Shri Tajinder Gupta, Director (Power), taking additional charge of the HR position. BHEL has completed all regulatory disclosures under SEBI Listing Regulations for this leadership change.

19Mar 26

Titagarh Rail Systems Board Approves BHEL Joint Venture for Vande Bharat Maintenance

Titagarh Rail Systems Limited announced strategic board decisions from March 19, 2026 meeting, approving joint venture formation with BHEL for Vande Bharat train maintenance services under the Make-in-India initiative and corporate guarantee provision for wholly owned subsidiary Titagarh Naval Systems Limited to participate in ONGC tenders.

03Mar 26

BHEL Receives ₹10.86 Lakh Fine from BSE and NSE for Board Composition Non-Compliance

Bharat Heavy Electricals Limited has been penalized ₹10.86 lakh by BSE and NSE for failing to maintain required board composition with independent directors comprising less than 50% of board strength. The company plans to seek fine waiver under SOP provisions, citing its status as a government company where director appointments are handled by the Government of India.

25Feb 26

Piyush Goyal Addresses Chinese Investment Discussions in India

Commerce Minister Piyush Goyal has announced that the government is engaged in discussions about Chinese investment in India. These policy deliberations could have significant implications for the industrial sector and foreign investment framework. The discussions reflect the government's ongoing evaluation of economic relationships with international partners.

21Feb 26

BHEL Discloses Rs. 55.84 Crore Bank Account Attachment by Commercial Court Visakhapatnam

BHEL has disclosed that Commercial Court Visakhapatnam ordered attachment of Rs. 55.84 crore from its bank account on February 20, 2026, in an execution petition by Indwell Construction Pvt. Ltd. The company is examining the order and taking legal steps to protect its interests using all available remedies under law.

17Feb 26

BHEL Secures Rs 1200-1500 Crore Captive Power Plant Contract from SAIL

BHEL has received a Letter of Acceptance from SAIL for a captive power plant project valued at Rs 1200-1500 crore excluding GST. The turnkey contract covers design, engineering, manufacturing, supply, and commissioning of the power plant for SAIL's IISCO Steel Plant expansion in Burnpur, with a 39-month execution timeline from the effective contract date.

13Feb 26

BHEL Files Insider Trading Disclosure Following Government's 5% Stake Sale Through OFS

Bharat Heavy Electricals Limited has filed comprehensive regulatory disclosures following the Government of India's divestment of 5% stake through offer for sale mechanism. The company submitted both takeover regulations report and insider trading disclosure, demonstrating strict adherence to SEBI compliance requirements. The transaction involved sale of 17.42 crore equity shares for gross consideration of ₹4,470 crore, reducing government shareholding from 63.17% to 58.17%.

10Feb 26

BHEL Receives ₹2800 Crore Contract for Syngas Purification Plant from BCGCL

Bharat Heavy Electricals Limited has secured a ₹2800 crore contract from BCGCL for a Syngas Purification Plant at Lakhanpur, Odisha. The comprehensive LSTK 2 Package includes design, engineering, equipment supply, civil works, commissioning and 60-month O&M services. The project, part of BCGCL's Coal to 2000 TPD Ammonium Nitrate facility, has a 42-month execution timeline and represents a related party transaction conducted at arm's length between the joint venture partners.

04Feb 26

BHEL Secures Major Contract Worth ₹1200-1500 Crores from Hindalco Industries for Power Generation Equipment

Bharat Heavy Electricals Ltd has won a substantial contract worth ₹1200-1500 crores from Hindalco Industries for supplying a 2 X 150 MW BTG package. The project, with a total capacity of 300 MW, is scheduled for completion within 35 to 37 months, marking a significant order win for the state-owned power equipment manufacturer.

03Feb 26

BHEL Appoints Shri Asit Gopal as Part-time Official Director Effective February 3, 2026

Bharat Heavy Electricals Limited appointed Shri Asit Gopal as Part-time Official Director effective February 3, 2026, following Ministry of Heavy Industries approval and Board consent. Shri Gopal, currently Special Secretary & Financial Advisor with additional charge of multiple ministries, brings over 30 years of public administration experience across finance, tribal affairs, vigilance, and education sectors. An IIT Bombay alumnus with advanced qualifications, he has provided required regulatory declarations confirming eligibility for the directorial position.

25Jan 26

BHEL Announces Superannuation of Executive Director (CFP) Shri Alok Kumar Singhal

BHEL has disclosed the superannuation of Executive Director (CFP) Shri Alok Kumar Singhal from company services on 24th January, 2026. The announcement was made under SEBI Regulation 30 requirements for senior management changes. The executive was stationed at New Delhi and the disclosure ensures regulatory compliance and transparency for market participants.

21Jan 26

BHEL Shares Drop 4.9% Despite Strong Q3 Results Amid Market Weakness

BHEL shares dropped 4.90% to ₹250.20 on Tuesday despite strong Q3 earnings, marking the steepest decline in five months amid broader market weakness. Margin pressures from Talcher project completion and concerns over easing norms for Chinese bidders in government orders weighed on sentiment. JM Financial maintained its 'Buy' rating while reducing the target price to ₹355 from ₹363, expecting margin improvement from equipment supply operations and new order execution after FY26.

20Jan 26

BHEL Receives Hold Rating with Revised Target Price of ₹245 from Prabhudas Lilladher

Prabhudas Lilladher maintains Hold rating on BHEL with revised target price of ₹245, down from ₹250. The brokerage cut FY26E/FY27E EPS estimates by 18.9%/4.3% citing slower execution pace. BHEL posted 16.4% YoY revenue growth with 225bps EBITDA margin expansion. Power segment grew 13% YoY despite ₹1.7trn backlog, while Industry segment surged 27.4% YoY driven by transmission, transportation, oil & gas and defense verticals.

20Jan 26

CLSA Issues Under-Perform Rating on BHEL with ₹195 Target Price

CLSA has assigned an Under-Perform rating to Bharat Heavy Electricals Limited (BHEL) with a target price of ₹195 per share. The rating reflects the brokerage's cautious assessment of the power equipment manufacturer's stock performance prospects. BHEL operates as a leading manufacturer in India's power equipment sector, serving thermal, hydro, nuclear, and renewable energy segments.

20Jan 26

Macquarie Upgrades BHEL with Target Price of ₹205 Per Share

Macquarie has upgraded Bharat Heavy Electricals Limited (BHEL) and established a target price of ₹205 per share. The upgrade reflects positive analyst sentiment toward the state-owned power equipment manufacturer. This recommendation provides investors with a specific price objective for the company's shares in the power generation and transmission equipment sector.

20Jan 26

Investec Maintains 73% Downside Target on BHEL After Q3 Results Despite Mixed Analyst Views

Investec maintains its bearish outlook on BHEL with a ₹70 price target implying 73% downside, citing execution challenges and supply chain concerns following weak ordering in FY2016-2023. Kotak Institutional Equities also holds a sell rating at ₹120 target, while Nuvama remains bullish with ₹353 target. Among 19 analysts, nine maintain sell ratings versus eight buy recommendations, reflecting divided sentiment on the stock.

19Jan 26

BHEL's Loss-Making Projects to Conclude by H2 FY26, New Operations by March 2026: Nuvama

Nuvama reports that BHEL's older loss-making projects will be completed by the second half of FY26, while most new projects are expected to start operations by March 2026. The legacy projects are currently causing reduced gross margins, but their completion could alleviate financial pressure on the heavy electrical equipment manufacturer.

19Jan 26

BHEL Q3 Results: Net Profit Triples to ₹382 Crore, Revenue Jumps 16% YoY

Bharat Heavy Electricals delivered outstanding Q3 performance with net profit more than tripling to ₹382 crore versus ₹125 crore last year, representing 206% YoY growth. Revenue from operations increased 16% to ₹8,473 crore driven by improved project execution and stronger order pipeline, while nine-month net profit surged to ₹295 crore from ₹8.9 crore previously.

19Jan 26

BHEL Q3 Results: Other Income Aids Profit Growth, Margin Expands to 6.4%

BHEL delivered strong Q3 results with net profit reaching ₹390 crores and revenue growing 16.4% to ₹8,473 crores, though falling short of analyst estimates. The company achieved significant margin expansion with EBITDA margins improving to 6.4% from 4.2%, while other income more than doubled to ₹219 crores, substantially contributing to profitability. In a strategic move, the board approved closure of the planned ₹345 crore Railway Propulsion Systems plant in Varanasi, redirecting production to existing facilities.

19Jan 26

BHEL Board Approves Closure of Varanasi Plant Capital Investment Scheme

Bharat Heavy Electricals Limited's Board of Directors approved the closure of a capital investment scheme for a new plant at Karkhiyaon, Varanasi during a meeting on January 19, 2026. The original scheme was approved on January 23, 2024, but the Board decided to close it considering the current business landscape. Products planned for the Varanasi facility will now be manufactured at other existing BHEL locations.

19Jan 26

BHEL Board Approves Early Closure of Varanasi Plant Scheme, Production to Shift to Other Locations

BHEL's board has approved the early closure of its Varanasi plant scheme, with production operations set to be relocated to other manufacturing facilities. This strategic decision is attributed to the current business landscape and represents the company's efforts to optimize its operational structure and manufacturing network in response to prevailing market conditions.

15Jan 26

BHEL Begins Supply of Traction Transformers for Vande Bharat Sleeper Trains

Bharat Heavy Electricals has begun supplying semi-high-speed underslung traction transformers for the Vande Bharat Sleeper Train project, demonstrating multi-plant manufacturing integration across Jhansi, Bengaluru, and Bhopal facilities. The company also secured a separate order for Rail Borne Maintenance Vehicles, expanding its specialized rolling stock capabilities and supporting government initiatives for indigenous railway infrastructure development.

12Jan 26

BHEL Stock Declines on China Competition Concerns Despite Strong Order Book Performance

BHEL shares dropped 14% intraday on January 8 following reports of potential Chinese equipment maker participation in government contracts, though analysts view the market reaction as excessive. The company maintains a strong order book of ₹2.2 trillion with recent ₹5,400-crore contract win, while order inflows improved to ₹92,000 crore in FY25. Financial performance is recovering with EBITDA margins reaching 7.70% in Q2FY26, and earnings per share expected to rise six-fold to ₹9.30 by FY27.

12Jan 26

BHEL Shares Fall 6% on China Competition Concerns; Stock Down 15% in Three Sessions

BHEL shares fell 5.97% to ₹258.30 on Monday, completing a 15% decline over three consecutive sessions. Trading volumes doubled to 2 crore shares amid concerns over potential lifting of restrictions on Chinese firms in government contracts. The broader capital goods sector also declined, with companies like Hitachi Energy India, Siemens, and L&T posting losses.

12Jan 26

BHEL Shares Tumble 15% in Two Sessions Amid China Policy Concerns

BHEL shares declined 15% over two sessions, hitting ₹258.30 on January 12, due to reports of India potentially easing restrictions on Chinese firms in government contracts. While Jefferies sees this as negative for industrial players, JM Financial maintains a BUY rating with ₹363 target, expecting EBITDA margins to expand from 4.4% to 10.7% by FY28.

11Jan 26

India Considers Lifting Five-Year Ban on Chinese Firms for Government Contracts

India is reportedly considering lifting a five-year ban on Chinese companies bidding for government contracts, implemented in 2020 amid border tensions. This potential policy reversal suggests improving diplomatic relations and could impact various sectors, including defence PSUs that have benefited from reduced Chinese competition in government procurement.

10Jan 26

BHEL Announces Q3 FY26 Results Date for January 2025 During Earnings Season

Bharat Heavy Electricals Limited (BHEL) has announced its board meeting schedule for January 2025 to declare Q3 FY26 financial results. The defence PSU joins numerous NSE and BSE-listed companies in announcing their quarterly earnings schedules as the results season begins. Investors will closely watch the performance of this significant player in the power and defence sectors.

09Jan 26

BHEL Commences Supply Of Semi-High-Speed Underslung Traction Converters For Vande Bharat Sleeper Trains

BHEL has begun supplying semi-high-speed underslung traction converters for Vande Bharat sleeper trains, demonstrating the company's continued role in India's railway modernization efforts. These specialized components are essential for the efficient operation of the sleeper variant of India's flagship semi-high-speed trains, supporting the expansion of advanced railway infrastructure across the country.

09Jan 26

BHEL Stock Surges 5% After Securing ₹5,400 Crore Coal Gasification Order from BCGCL

BHEL shares surged 5% to ₹285 following a ₹5,400 crore order win from BCGCL for coal gasification plant in Odisha. The comprehensive project includes 42-month commissioning timeline and 5-year maintenance support. Company showed strong financials with 14% revenue growth to ₹7,512 crores and 253% net profit increase to ₹375 crores year-on-year.

09Jan 26

Chinese Firms Unlikely to Challenge India's Power Sector Giants Despite Potential Policy Changes

Former BHEL CMD K. Ravi Kumar believes India's consideration to remove five-year-old restrictions on Chinese firms bidding for government contracts won't significantly impact the power sector's competitive landscape, suggesting Indian companies have established strong market positions during the restriction period.

09Jan 26

BHEL Shares Surge 5% as Brokerages Weigh Chinese Policy Changes and Fresh Order Wins

BHEL shares surged 5% to ₹284.10 as brokerages evaluate potential relaxation of Chinese firm restrictions on government contracts. While Jefferies and Bernstein express caution about increased competition, UBS maintains its 'buy' rating with ₹375 target, citing the company's ₹54 billion order win and achievement of 60% of FY26 order targets. The deployment of BHEL's proprietary gasification technology in commercial projects signals successful transition from R&D to execution.

09Jan 26

BHEL Shares Rally 5% After Hitting Lower Circuit on China Policy Concerns

Bharat Heavy Electricals shares recovered 4.8% to ₹285.50 after a 10% lower circuit decline triggered by reports of potential easing of Chinese firm restrictions in government contracts. JM Financial maintains optimism, projecting EBITDA margin expansion from 4.4% to 10.7% by FY28, while Jefferies expresses caution about competitive pressures. Despite the recovery, BHEL remains down 5% over the past week and 2.6% year-to-date in 2026.

09Jan 26

BHEL Shares Rise 4.8% as Analysts Debate Impact of Potential China Policy Changes

BHEL shares rose 4.8% to ₹285.50 amid reports of potential relaxation in China restrictions for government contracts. JM Financial sees benefits from component-level easing through lower costs and faster execution, while Jefferies warns of competitive risks. The 2020 restrictions under Atmanirbhar Bharat limited Chinese firm participation in public procurement. JM Financial maintains unchanged earnings estimates and ₹363 target price, expecting BHEL to retain 70-80% market share despite policy uncertainty.

09Jan 26

BHEL Shares Rebound Over 3% in Early Trade Following UBS Buy Rating and Major Order Win

BHEL shares recovered over 3% in early Friday trading, rebounding from Thursday's 9% decline caused by policy concerns regarding Chinese firms in government contracts. UBS initiated a 'Buy' rating with ₹375 target price, highlighting the company's ₹5,400-crore coal gasification order from BCGCL and strong execution visibility. Despite recent volatility, BHEL has gained 28% annually, outperforming Nifty 50's 10% gain.

09Jan 26

BHEL Shares Rise After Securing ₹5,400 Crore Order from Coal India Joint Venture in Odisha

Bharat Heavy Electricals Ltd. shares rose on Friday after securing a ₹5,400.00 crore order from its joint venture with Coal India for a coal gasification project in Odisha. The contract marks the first commercial use of BHEL's proprietary PFBG technology and includes 42-month execution timeline with 60-month O&M services. UBS maintained its buy rating with ₹375.00 price target despite recent market volatility from Chinese competition concerns. The stock gained 1.5% to ₹275.95 and has delivered 27.5% returns over the past year.

09Jan 26

UBS Issues 'Buy' Call on BHEL with ₹375 Target After Major Order Win Despite Policy Concerns

UBS has issued a 'Buy' rating for BHEL with ₹375 target price, implying 35% upside despite recent selloff on policy concerns. The company secured a ₹5,400-crore coal gasification order, boosting FY26 inflows to 60% of expectations and marking first commercial deployment of proprietary PFBG technology. While shares crashed 9% on Thursday due to potential easing of Chinese company restrictions, BHEL remains up 28% year-over-year, outperforming broader markets.

09Jan 26

BHEL Secures ₹5,400 Crore Order from Joint Venture with Coal India Limited

BHEL has secured a ₹5,400 crore order from BCGCL for a coal gasification project in Odisha, with commissioning targeted within 42 months. The company has also commenced supply of advanced traction converters for Vande Bharat Sleeper trains, marking its entry into semi-high-speed propulsion technology. These developments demonstrate BHEL's diversified capabilities across industrial and railway sectors.

09Jan 26

BHEL Most At Risk, L&T Relatively Insulated If Curbs On Chinese Power Equipment Suppliers Ease, Say Brokerages

Brokerages are cautioning investors about India's power capital goods sector as the government reportedly considers easing five-year-old restrictions on Chinese suppliers due to supply shortages and rising costs. BHEL faces the highest risk from renewed Chinese competition, particularly in thermal power, while L&T appears relatively insulated due to its global competitiveness and selective bidding strategy. The impact could extend to solar manufacturing and power transmission segments, affecting multiple players including Siemens Energy and CG Power, though any policy easing is expected to be calibrated rather than comprehensive.

09Jan 26

UBS Issues Buy Rating for BHEL with Target Price of ₹375

UBS has assigned a Buy rating to Bharat Heavy Electricals Limited (BHEL) with a target price of ₹375. This positive analyst recommendation reflects confidence in the state-owned power equipment manufacturer's prospects. The target price provides investors with a valuation benchmark for the stock.

09Jan 26

BHEL Secures Major Order Worth Approximately ₹5,400 Crores

Bharat Heavy Electricals Limited has secured a major order worth approximately ₹5,400 crores, representing a significant business milestone for the public sector engineering company. This substantial contract addition strengthens BHEL's order book and revenue pipeline, demonstrating the company's continued competitiveness in securing large-scale engineering contracts.

08Jan 26

BHEL Secures Major Contract Worth ₹5,400 Crores

Bharat Heavy Electricals Limited has secured a major contract worth approximately ₹5,400 crores, representing a significant business development for the state-owned heavy engineering company. This substantial contract win strengthens BHEL's order book and demonstrates its continued competitiveness in the capital goods and electrical equipment sector.

08Jan 26

BHEL Officially Begins Vande Bharat Sleeper Train Component Supply

BHEL has officially begun supplying advanced underslung traction converters for Vande Bharat sleeper trains, with the first components flagged off from the Bengaluru plant by Director Bani Varma. The IGBT-based technology enables operational speeds up to 160 kmph and will be assembled in Kolkata for the upcoming sleeper train service.

08Jan 26

BHEL Executes ₹63.76 Crore Block Trade on NSE at ₹265.20 Per Share

Bharat Heavy Electricals Limited completed a substantial block trade worth ₹63.76 crores on NSE, involving 2,404,328 shares at ₹265.20 per share. The transaction represents significant institutional activity in the electrical equipment manufacturer's stock. Block trades of this magnitude typically indicate large investor movements and can influence stock liquidity and price discovery mechanisms in the capital goods sector.

06Jan 26

BHEL Records ₹25.27 Crore Block Trade on NSE at ₹295.35 Per Share

Bharat Heavy Electricals Ltd. executed a major block trade worth ₹25.27 crores on NSE, involving 855,579 shares at ₹295.35 per share. This institutional transaction reflects significant market activity and strategic positioning by large investors in the electrical equipment manufacturer.

06Jan 26

BHEL Schedules Board Meeting on January 19, 2026 to Consider Q3 FY26 Results

Bharat Heavy Electricals Limited has announced a board meeting on January 19, 2026, to consider and approve unaudited financial results for Q3 FY26 ending December 31, 2025. The announcement complies with SEBI Regulation 29, includes trading window closure until January 21, 2026, and was communicated by Company Secretary Dr. Yogesh R Chhabra to BSE and NSE.

02Jan 26

BHEL Receives Major Tax Relief as Telangana Drops ₹183.77 Crore GST Demand for FY22

Bharat Heavy Electricals Limited has received significant tax relief from Telangana Commercial Tax Department, which dropped ₹183.77 crore out of ₹184.55 crore GST demand for FY22. The company filed regulatory disclosure under SEBI regulations and plans to appeal the remaining ₹1.43 crore demand, expecting no material financial impact.

01Jan 26

BHEL Appoints Bigshare Services as New Registrar and Share Transfer Agent

Bharat Heavy Electricals Limited has appointed Bigshare Services Private Limited as its new Registrar and Share Transfer Agent effective January 1, 2026, replacing Alankit Assignments Limited whose contract concluded on December 31, 2025. The change was formally communicated under SEBI regulations, with shareholders advised to direct all equity share matters to the new RTA's Mumbai office. A tripartite agreement between all parties is currently being processed to complete the transition.

24Dec 25

BHEL Receives GST Demand Order Worth ₹42.75 Lakhs from Gujarat Authorities

Bharat Heavy Electricals Limited (BHEL) has received a GST demand order from Gujarat authorities for ₹42.75 lakhs. The order includes a principal demand of ₹12.95 lakhs, interest of ₹16.85 lakhs, and a penalty of ₹12.95 lakhs. The dispute concerns input tax credit availment and utilization. BHEL is evaluating the order and considering filing an appeal under GST regulations.

18Dec 25

BHEL Shareholders Approve Amendment Removing Joint Venture Investment Limits

BHEL successfully obtained shareholder approval through postal ballot for amending Article 69(22) of its Articles of Association, removing previous investment restrictions of 15% networth per project and 30% total networth limits. The new framework provides unlimited investment flexibility for joint ventures and subsidiaries globally, subject to government guidelines, aligning with the company's Maharatna status.

15Dec 25

BHEL Appoints Navin Kaul as Head of Power Marketing

Bharat Heavy Electricals Limited (BHEL) has appointed Shri Navin Kaul as the new Head of Power Sector-Marketing for the Power Sector-Business Group I (PS-BGI) division in New Delhi, effective December 15, 2025. Kaul, who joined BHEL in 1992 and has 33 years of service, will report to the Director General Manager (Power). The appointment was disclosed in compliance with SEBI regulations.

15Dec 25

BHEL Announces Senior Management Appointment at Jagdishpur Facility

Bharat Heavy Electricals Limited has appointed Shri Sunil Kumar Somani as General Manager and Head of Fabrication, Stamping & Insulator Plant at Jagdishpur facility effective December 15, 2025. Somani, a mechanical engineering graduate with 35 years of service since joining BHEL in February 1990, will report to Director (E, R&D). The appointment was disclosed under SEBI Regulation 30 requirements.

10Dec 25

BHEL Promotes 16 Senior Officials to Executive Director Positions

BHEL has promoted 16 senior officials to Executive Director positions effective December 10, 2025, strengthening its leadership structure. The promoted executives collectively bring over 500 years of experience, with service periods ranging from 14 to 37 years. The appointments demonstrate BHEL's commitment to internal talent development and succession planning within the government undertaking.

28Nov 25

BHEL Faces Rs 10.86 Lakh Fine for Board Composition Non-Compliance

Bharat Heavy Electricals Limited (BHEL) has been fined Rs 10.86 lakh by BSE and NSE for failing to maintain 50% independent directors on its board for the quarter ending September 2025. BHEL received notices on November 28, 2025, with each exchange imposing a fine of Rs 5,42,800 (including GST). The company plans to seek a waiver, citing its status as a Government Company where directors are appointed by the Government of India. BHEL is actively working with the government to appoint the required number of independent directors to ensure compliance with SEBI regulations.

15Nov 25

BHEL Consortium's HVDC Project Contract Novated to AESL Projects Limited

Bharat Heavy Electricals Limited (BHEL) has disclosed a novation agreement for its High Voltage Direct Current (HVDC) link project. The project, originally contracted with Rajasthan Part I Power Transmission Limited (RPPTL), will now be executed with AESL Projects Limited (APL), a subsidiary of Adani Energy Solutions Limited. The agreement, signed on November 14, 2025, transfers all rights, obligations, and liabilities from RPPTL to APL. The project's core aspects, including scope, schedule, and commercial terms, remain unchanged. This HVDC link aims to transmit renewable energy from Bhadla III, Rajasthan, to Fatehpur, Uttar Pradesh.

07Nov 25

BHEL Secures Rs 6,650 Crore EPC Contract from NTPC for Darlipali Power Project

Bharat Heavy Electricals Limited (BHEL) has won a significant contract from NTPC Limited for the 1x800MW Darlipali Supercritical Thermal Power Project Stage-II in Odisha. The Engineering, Procurement, and Construction (EPC) package is valued at over Rs 6,650.00 crore, excluding GST. The contract, awarded through international competitive bidding, covers comprehensive project execution including design, engineering, equipment supply, erection, commissioning, and civil works. The project has a 48-month completion timeline from the date of award notification, which was received on November 6, 2025.

31Oct 25

BHEL Reports Revenue Growth Amid Continued Losses in Q2 FY26

Bharat Heavy Electricals Limited (BHEL) released Q2 FY26 results, showing mixed performance. Revenue increased to ₹7,511.80 crore, up 14.4% year-on-year. H1 FY26 revenue grew 44.7% to ₹12,069.02 crore. Despite revenue growth, BHEL still faced profitability challenges. Q2 net loss reduced to ₹115.42 crore from ₹148.17 crore last year. H1 net loss improved to ₹136.84 crore from ₹168.40 crore. Paid-up equity share capital remained at ₹696.41 crore. BHEL continues to operate several joint ventures in various sectors.

29Oct 25

Bharat Heavy Electricals Reports Robust Q2 Performance with Net Profit Soaring to ₹3.68 Billion

Bharat Heavy Electricals Limited (BHEL) reported a significant increase in net profit for Q2, reaching ₹3.68 billion, up from ₹967 million in the same period last year. This surpassed market estimates of ₹2.21 billion. Revenue grew by 14.20% to ₹75.12 billion, although slightly below expectations. EBITDA more than doubled to ₹5.80 billion, with the EBITDA margin expanding to 7.73% from 4.18%. The company's performance indicates improved operational efficiency and cost management.

09Oct 25

Bharat Heavy Electricals Files Petitions to Enforce ₹107.75 Crore Arbitration Awards Against RRVUNL

Bharat Heavy Electricals Limited (BHEL) has filed execution petitions in the Commercial Court, Jaipur against Rajasthan Rajya Vidhyut Utpadan Nigam Ltd (RRVUNL) to enforce arbitration awards for three power projects. The total claim amount is ₹107.75 crore, divided among Kota 7 (₹25.48 crore), Suratgarh 6 (₹28.04 crore), and Chhabra 1 & 2 (₹54.23 crore) projects. These petitions stem from disputes in power projects undertaken by BHEL for RRVUNL in Rajasthan. The outcome could significantly impact BHEL's financial position and set precedents for the power sector regarding contract disputes and arbitration enforcement.

30Sept 25

BHEL Secures Massive Rs 13,000-15,000 Crore Power Plant Contracts in Madhya Pradesh

Bharat Heavy Electricals Limited (BHEL) has been awarded two significant thermal power plant projects in Madhya Pradesh by M.P. Power Generating Company Ltd. (MPPGCL). The Engineering, Procurement, and Construction (EPC) packages are valued between Rs 13,000 crore and Rs 15,000 crore, excluding taxes and duties. The projects include the construction of two 660 MW supercritical thermal power plants: Amarkantak Unit no. 6 and Satpura Unit no. 12. BHEL's scope of work encompasses equipment supply, erection, commissioning, and civil works. Each plant must be completed within 57 months from the award notification date of September 29.

25Sept 25

BHEL's Joint Venture Plans Halted, Secures ₹22.87 Crore Railway Order

Bharat Heavy Electricals Limited (BHEL) faced mixed developments. The company's proposed joint venture with REC Power Development and Consultancy Limited was not approved by DIPAM. However, BHEL secured a ₹22.87 crore order from South Western Railway for KAVACH safety equipment. The contract involves design, supply, and installation, with completion expected in 18 months. BHEL's stock closed at ₹234.60 on BSE, down 0.61%. The company also announced senior management changes, appointing V Shrinivas Rao and Ajay Kumar to key positions.

25Sept 25

DIPAM Rejects BHEL's Proposed Joint Venture with REC Power Development

Bharat Heavy Electricals Limited (BHEL) announced that the Department of Investment and Public Asset Management (DIPAM) has not approved its proposed joint venture with REC Power Development and Consultancy Limited. This decision was discussed during a board meeting on September 25. BHEL also announced the closure of its trading window for designated persons from October 1 until 48 hours after Q2 results are filed. The company appointed two new General Managers and reported the superannuation of two Executive Directors.

25Sept 25

BHEL Appoints Two New General Managers Following Senior Management Retirements

Bharat Heavy Electricals Limited (BHEL) has appointed two new General Managers, V Shrinivas Rao and Ajay Kumar, following the retirement of two Executive Directors. Rao, with 33 years of experience, will head the Heavy Build Group and Power Sector Business Group II in Noida. Kumar, with 35 years of experience, will lead Project Engineering Management and Central Project Control in Noida. Both will report to the Director (Power). These appointments come after the retirement of Executive Directors Pankaj Rastogi and Praveen Kishore on September 24, 2025.

19Sept 25

BHEL Faces ₹586.43 Crore GST Show Cause Notice for FY 2021-24

Bharat Heavy Electricals Limited (BHEL) has received a show cause notice from GST authorities in Telangana for ₹586.43 crore, covering fiscal years 2021-22 to 2023-24. The notice, issued on September 18, 2025, breaks down the amounts as ₹184.55 crore for 2021-22, ₹207.26 crore for 2022-23, and ₹194.62 crore for 2023-24. BHEL considers the issues raised as generic and 'not tenable,' and is preparing a reply. The company states that financial implications cannot be quantified at this stage as no order has been issued yet.

12Sept 25

Bharat Heavy Electricals Secures ₹22.87 Crore Railway Order for Kavach Equipment

Bharat Heavy Electricals Limited (BHEL) has received a ₹22.87 crore order from South Western Railway for the supply and installation of Kavach equipment. The project involves designing, developing, and installing on-board and trackside Kavach equipment at various railway locations. BHEL will manufacture the equipment at its Bengaluru plant and complete the project within 18 months. This order strengthens BHEL's position in the railway safety equipment sector and aligns with India's 'Make in India' initiative.

11Sept 25

Bharat Heavy Electricals Ltd. Sees Rs. 46 Crore Block Trade on NSE

Bharat Heavy Electricals Ltd. (BHEL) experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 2,036,037 shares at Rs. 225.92 per share, totaling Rs. 46.00 crores. This large-scale trade, likely executed by institutional investors, highlights notable interest in BHEL's shares. The company, a key player in India's power and infrastructure sectors, manufactures crucial equipment for power generation.

08Sept 25

BHEL Forges 10-Year Exclusive Partnership with Singapore's Horizon Fuel Cell for Hydrogen-Powered Trains in India, Secures Rs 2,600 Crore Power Project Order

BHEL has signed a 10-year exclusive MoU with Singapore's Horizon Fuel Cell Technologies to develop hydrogen fuel cell-based rolling stock in India. This partnership aims to introduce sustainable transportation solutions to the Indian railway sector. Additionally, BHEL secured a Rs 2,600 crore order for a thermal power project in Madhya Pradesh. Despite these developments, the company reported a wider consolidated net loss of Rs 445.50 crore in the recent quarter.

05Sept 25

BHEL Inks 10-Year Exclusive Deal with Singapore's Horizon Fuel Cell for Hydrogen-Powered Rolling Stock in India

Bharat Heavy Electricals (BHEL) has signed a 10-year exclusive MoU with Singapore's Horizon Fuel Cell Technologies to develop hydrogen fuel cell-based rolling stock for the Indian market. This partnership aims to introduce sustainable transportation solutions in India's railway sector. Additionally, BHEL has accepted a letter of intent worth ₹2,600 crore from MB Power for supplying equipment for a thermal power project in Anuppur.

04Sept 25

BHEL Expands Portfolio: DRDO Radome Production and Power Project Contract

BHEL has received technology transfer from DRDO for producing high-strength radomes at its Jagdishpur facility, expanding its defense manufacturing capabilities. Additionally, the company has accepted a Letter of Intent for a 1x800 MW Anuppur Thermal Power Project in Madhya Pradesh, valued at approximately ₹2,600.00 crore. The contract involves supplying supercritical technology equipment, including Boiler, Turbine, Generator, and associated auxiliaries, with a 58-month completion timeline.

03Sept 25

BHEL Clinches Rs 2,600 Crore Power Project Contract from MB Power

Bharat Heavy Electricals Limited (BHEL) has received a Letter of Intent from MB Power for an 800 MW power project in Madhya Pradesh, valued at Rs 2,600 crore excluding GST. The contract involves supplying critical equipment including boiler, turbine, generator, and associated systems for the Anuppur Thermal Power Project. BHEL will manufacture key components at its Trichy and Haridwar plants, with a 58-month supply completion schedule.

02Sept 25

BHEL Triumphs: ₹31.2 Crore CGST Demand Quashed in Favorable Appellate Order

Bharat Heavy Electricals Limited (BHEL) secured a favorable order from the Commissioner CGST(Appeal) in Dehradun, quashing a ₹31.2 crore CGST demand for FY 2018-19 and 2020-21. The ruling eliminates the tax liability and drops the original Show Cause Notice. BHEL's management stated this decision will not impact the company's financials or operations. In a separate development, BHEL announced the dissolution of its joint venture, Powerplant Performance Improvement Pvt. Ltd. (PPIL), effective August 29, 2025, as per an NCLT order.

01Sept 25

BHEL's Strategic Moves: Technology Transfer Deal with DRDO and Joint Venture Dissolution

Bharat Heavy Electricals Limited (BHEL) has signed a License Agreement for Transfer of Technology with the Defence Metallurgical Research Laboratory (DMRL), a DRDO facility. This agreement is expected to enhance BHEL's capabilities in manufacturing advanced materials for defense applications. Simultaneously, BHEL's joint venture with Siemens AG has been officially dissolved following an NCLT order.

01Sept 25

BHEL Fined Rs 10.74 Lakh for Board Composition Non-Compliance

Bharat Heavy Electricals Limited (BHEL) has been fined Rs 5.37 lakh each by BSE and NSE, totaling Rs 10.74 lakh, for failing to maintain the required number of independent directors on its board. The penalty was imposed for non-compliance with SEBI's Listing Obligations and Disclosure Requirements Regulations. BHEL, a state-owned company, stated that director appointments are made by the central government and plans to seek a waiver of the fines. The company is in regular consultation with the government to ensure compliance with regulatory requirements.

30Aug 25

BHEL Secures Radar Dome Manufacturing Technology from DRDO Lab, Boosting India's Defence Capabilities

Bharat Heavy Electricals Ltd (BHEL) has signed a License Agreement for Transfer of Technology with Defence Metallurgical Research Laboratory (DMRL) to manufacture fused silica radar domes for missile guidance systems. This agreement aims to enhance India's self-reliance in strategic defence systems by enabling indigenous production of critical components. BHEL will now be able to manufacture radar domes domestically, contributing to the nation's defence capabilities. Specific commercial terms of the agreement remain confidential.

30Aug 25

BHEL Inks Technology Transfer Deal with DMRL for Radar Dome Production

Bharat Heavy Electricals Limited (BHEL) has signed a License Agreement for Transfer of Technology with the Defence Metallurgical Research Laboratory (DMRL) to manufacture Fused Silica Radar Domes using Cold Isostatic Pressing and Sintering Route. This agreement aims to enhance India's defense capabilities, particularly in missile programs. The technology transfer will enable BHEL to produce critical components for seeker-based guidance systems domestically, aligning with India's goals of self-reliance in the defense sector.

07Aug 25

BHEL Reports Widened Losses in Q1 Despite Surge in Order Inflows

Bharat Heavy Electricals Limited (BHEL) reported a net loss of ₹455.00 crore in Q1, wider than the ₹213.00 crore loss in the same period last year. Revenue remained flat at ₹5,487.00 crore. Operating profit margin declined by 670 basis points to -9.80%. However, order inflows surged 42% to ₹13,400.00 crore, boosting the order backlog to ₹2.04 lakh crore. The power sector accounts for 79% of orders. BHEL achieved operational milestones including commissioning of power plants. The company's shares fell 5% following the results announcement.

06Aug 25

BHEL Reports Wider Q1 Net Loss Despite Stable Revenue, Shares Dip

Bharat Heavy Electricals Ltd. (BHEL) reported a wider net loss of ₹4.55 billion for Q1, compared to ₹2.10 billion loss in the same period last year. Revenue remained flat at ₹54.86 billion. The results fell short of analyst expectations, which had projected a return to profitability. BHEL's stock declined nearly 4% to ₹238.88 following the announcement. The company's order book and future order inflows remain crucial for its growth prospects.

25Jul 25

BHEL Announces Senior Management Changes and AGM Details

Bharat Heavy Electricals Limited (BHEL) has appointed Sanjay Guha as the new General Manager & Head of Project Management Group (PMG), PS-BG-I, Noida, effective July 25, 2025. Sibaprasad Gangopadhyay, former Executive Director (PMG), PS-BG I, Noida, superannuated on June 24, 2025. BHEL's 61st Annual General Meeting is scheduled for August 19, 2025, via video conferencing. The company has proposed a final dividend of Rs. 0.50 per share for FY 2024-25, subject to shareholder approval.

24Jul 25

BHEL Reschedules 61st AGM to August 19, 2025; Sets Record Date for Rs. 0.50 Final Dividend

Bharat Heavy Electricals Limited (BHEL) has rescheduled its 61st Annual General Meeting to August 19, 2025, to be held via video conferencing. The company has proposed a final dividend of Rs 0.50 per share for FY 2024-25, subject to shareholder approval. Key dates include August 1, 2025, as the record date for dividend eligibility, August 12, 2025, as the cut-off date for voting eligibility, and August 16-18, 2025, for the remote e-voting period. If approved, the dividend will be paid by September 17, 2025.

01Jul 25

BHEL Shares Dip Despite Securing ₹6,500 Crore Adani Power Order

Bharat Heavy Electricals Limited (BHEL) saw its stock price fall 0.98% to ₹263.70 on Tuesday, despite recently winning a ₹6,500 crore order from Adani Power for six 800 MW thermal power units. The market's reaction was muted, with sell orders (23.47 lakh shares) significantly outweighing buy orders (9.39 lakh shares), indicating that investors may be considering factors beyond this positive development.

16Jun 25

BHEL Poised to Oversee Massive EV Charging Station Tender Under PM E-Drive Initiative

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.