State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Monday said it has paid a final dividend of Rs 109.98 crore for 2024-25 to the Government of India. A cheque towards the final dividend on the equity (63.17 per cent) held by the Government of India, was presented to H D Kumaraswamy, Union Minister of Heavy Industries and Steel by K Sadashiv Murthy, Chairman and Managing Director, BHEL, in the presence of Kamran Rizvi, Secretary (HI), a company statement said. Directors on the board of BHEL and senior officials of the Ministry of Heavy Industries were also present on this occasion. The total dividend paid to the company's shareholders for 2024-25 amounts to Rs 174.10 crore.
BHEL stock was trading at its highest level since September 2024 and has rallied 26 per cent in the past 12 trading days.
BHEL bags ₹6,650 crore EPC contract from NTPC; brokerages maintain 'Buy' rating on BHEL in anticipation of future order flows, expect stock to rally past ₹300-mark.
BHEL has rallied 10% in the last four trading sessions. Analysts at ICICI Securities believe that the company needs to ramp up execution to charter robust growth over the medium term.
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Bharat Heavy Electricals shares rose 3 per cent after it signed a long-term agreement with Singapore-based Horizon Fuel Cell Technologies Pte Ltd
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BHEL share price rose over 2.5 per cent after UBS initiated a 'Buy' coverage on the stock, with about 40 per cent upside
BHEL share price gained 3 per cent after it secured an order worth around ₹6,500-crore from Adani Power
BHEL share price increased today after the company announced that it has fixed July 11, 2025 as the 'record date' for final dividend.
Under the agreement, BHEL will act as the lead bidder for compressor train revamp projects, while Nuovo Pignone will serve as a nominated vendor with a defined scope of work.
State-owned Bharat Heavy Electricals Ltd (BHEL) on Friday said it has secured an order worth Rs 7,500 crore for setting up a unit of 800 MW at Ukai Supercritical Thermal Power Plant in Gujarat. The order has been placed on BHEL by Gujarat State Electricity Corporation Ltd (GSECL), a statement said. The unit will start commercial operation within 54 months. According to the statement, BHEL has secured an order under international competitive bidding, for setting up a 1x800 MW Ukai supercritical thermal power plant (Unit-7) on an Engineering, Procurement & Construction (EPC) basis, in Tapi district, Gujarat. Notably, the proposed unit will be set up on the existing ash dyke area. BHEL's scope of work in the project envisages design, engineering, manufacturing, supply, testing, and commissioning for the EPC package, along with all necessary electrical, civil, and structural works. The scope also includes the supply of highly efficient emission control equipment. Notably, the first
BHEL's stock rose as much as 3.45 per cent during the day to ₹231.6 per share, the biggest intraday gain since March 4 this year
BHEL share price fell after the company announced that an arbitration has been initiated against the company for a claim & interest by Ducon Technologies and Ducon Infratechnologies
In a separate order, on February 9, BHEL said it has received a Letter of Intent (LoI) from Rajasthan Part I Power Transmission Limited (SPV under Adani Energy Solutions) for the BF800 HVDC project
CLSA maintained a 'Reduce' rating on BHEL and cut the target price to Rs 166 per share from Rs 205
Industry sources estimate sluggish demand for cement, slow awarding for roads in the first half
Despite the green focus, the government is aiming to add 93GW of thermal power capacity and BHEL is the only bidder across all tenders.