Bharat Heavy Electricals (BHEL) gained 2.33% to Rs 217.35 after the company announced that it has entered into a long-term exclusive memorandum of understanding (MOU) with Horizon Fuel Cell Technologies Pte Ltd, Singapore.
Under this 10-year agreement, the two companies will collaborate on the development of hydrogen fuel cell-based rolling stock, with a focus on business sharing and joint operations.
The partnership is aimed at enabling BHELs entry into a new market segment.
Bharat Heavy Electricals (BHEL) is an integrated power plant equipment manufacturer engaged in the design, engineering, manufacturing, erection, testing, commissioning, and servicing of a diverse range of products and systems.
The companys consolidated net loss widened to Rs 445.50 crore in Q1 FY26 compared with a net loss of Rs 211.40 crore in Q1 FY25. Revenue from operations saw a marginal year-on-year (YoY) increase of 0.03%, reaching Rs 5,486.91 crore in the quarter ended 30 June 2025.
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