Bharat Heavy Electricals share: Although shares of the government-owned Bharat Heavy Electricals Limited (BHEL) were sluggish on Friday, they are expected to be in focus on Monday. This is because BHEL has secured an order worth ₹6,500 crore from Adani Group’s company, Adani Power. For reference, BHEL’s share price was ₹265 on Friday.
What the company said in its stock exchange filing
In a filing to the stock exchange, BHEL stated that it has received a Letter of Award (LoA) from Adani Power for six thermal units totaling 800 megawatts. The award involves the supply of equipment, including a steam turbine generator with auxiliaries, as well as construction and commissioning supervision. The PSU company mentioned that the order size is approximately ₹6,500 crore, excluding GST.
BHEL’s recent results
This recent order has boosted BHEL’s project pipeline, which has now reached its highest level for fiscal year 2024-25 (FY25). In April, the company achieved its highest order inflow so far this year, amounting to ₹92,534 crore. For FY25, BHEL recorded a 19% year-on-year increase in revenue, reaching ₹27,350 crore. In the power sector, BHEL secured orders worth ₹81,349 crore, while the industrial sector contributed new orders totaling ₹11,185 crore.
A multibagger stock
Over the long term, BHEL has been a multibagger stock. Its shares have risen 213% over two years, 475% over three years, and 616% over five years. Although BHEL shares fell 11% in the past year, they have gained 13% so far this year. In the last three months, BHEL shares have surged 23%, with a 1.4% rise in the past month.
Disclaimer: This article is just for information. It should not be treated as investment advice in any way. Investing in the stock market is based on risk. Be sure to consult your financial advisor before investing in the stock market.
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