Bharat Heavy Electricals Ltd.’s share price rose 3.43% to a high of Rs 209.80 on the National Stock Exchange. The surge in stock price came after it received a Letter of Award worth Rs 8,000 crore from Maharashtra State Power Generation Company (Mahagenco). In the pre-open, the share price of BHEL rose 3.53% to Rs 210 on the NSE. The project’s execution will span between 52 to 58 months from the date of LoA.
The undertaking involves constructing a state-of-the-art 1,320 MW power plant, aimed at bolstering Maharashtra’s energy capacity. This order, announced on 7 February 2025, involves the supply, erection, commissioning, and civil works of a 2×660 MW boiler-turbine-generator (BTG) package for the Koradi Thermal Power Station in Nagpur district.
The extensive scope of work encompasses the design, provision, installation, and startup of BTG equipment in addition to civil construction. This project is significant as it strengthens Koradi’s standing as a key power hub in the state.
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“Bharat Heavy Electricals Limited (BHEL) has received a Letter of Award from MAHAGENCO for 2×660 MW BTG package of Koradi Thermal Power Station,” read an exchange filing.
BHEL in Q3
The company reported a consolidated net profit of Rs 134.7 crore for Q3 FY25 as against a net profit of Rs 60 crore in the year-ago period. The PSU’s consolidated revenue from operations rose 32.3% to Rs 7,277.1 crore in the third quarter of the financial year 2024-2025 as compared to Rs 5,504 crore in Q3 FY24.
BHEL Vs Nifty 50
The share price of BHEL has risen 2.24% in the last five trading sessions. The stock has given a return of 0.24% in the past one month. However, BHEL’s share price has fallen more than 31% in the last six months. The stock has wiped out 5.4% in the last one year.
To compare, the benchmark index, Nifty 50 has fallen 0.28% in the last five trading days.
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