Page 3 - Bharat Heavy Electricals Limited

BHEL Q1 net loss narrows to Rs 188 cr; total income rises 60%

State-owned Bharat Heavy Electricals Limited (BHEL) on Thursday reported narrowing of its consolidated net loss to Rs 187.99 crore for the quarter ended June 30, 2022. The consolidated net loss of the company stood at Rs 448.20 crore in the year-ago period, according to a regulatory filing. Its total income from operations was at Rs 4,742.28 crore in the first quarter of the current fiscal, compared to Rs 2,966.77 crore in Q1 FY22. Expenses were at Rs 5,006.50 crore as against Rs 3,572.12 crore earlier.

V Krishnamurthy: The guardian of PSUs leaves behind an unmatched legacy

None of V Krishnamurthy's assignments were easy ones. He had to battle scepticism as well

BHEL to supply 6 electric locomotives to NTPC for material handling ops

The locomotives will be manufactured at the company's facility in Jhansi, Uttar Pradesh

BHEL bags order to supply compact heat exchanger sets for Tejas aircraft

The order envisages manufacturing, assembly, testing and supply of compact heat exchangers to be fitted in the light combat aircraft, Tejas, being manufactured by HAL

BHEL receives order worth Rs 400 crore from Indian Oil Corporation

State-run engineering firm BHEL has bagged an order worth Rs 400 crore for setting up a sulphur recovery unit at Indian Oil's Paradip Refinery in Odisha. "Against stiff international competitive bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has bagged a major order for a sulphur recovery unit from IOCL (Indian Oil Corporation Ltd)", a BHEL statement said. With this order, BHEL has made an entry into the downstream oil & gas process package business. According to statement, the package, valued at over Rs 400 crore, envisages setting up a 525 TPD (tonne per day) sulphur recovery unit at IOCL's Paradip Refinery in Odisha. Notably, the company's diversification strategy into non-coal based business areas has begun paying dividends and this is a milestone order for BHEL as part of its new growth areas initiative. With the execution of this order, BHEL will establish itself as an LSTK (lump sum turn key) player for process packages in the downstream oil & gas sector. BHEL's

25% of Nifty50 stocks have changed in 5 years; here are top entries & exits

Bharat Heavy Electricals, Vedanta, and Tata Power are some of the high-profile exits in the past five years

Weekly stock picks by Religare Broking: Buy Balkrishna Industries, HUL

Balkrishna Industries is currently hovering in a range while holding strong above the support zone of 20 EMA on the daily charts

Defence Expo 2020: BHEL, BEL sign MoU to develop, market products

BHEL, BEL to develop products for defence, non-defence applications

Commercial papers worth over Rs 1.1 trn get listed on BSE since November

The exchange enabled the listing of commercial papers (CPs) and announced framework for them in November 2019

Voda idea, BHEL, ZEE see sharp wealth erosion as investors lose Rs 5 trn

The companies that have seen sharp erosion of market wealth include YES Bank, Indiabulls Housing Finance, Zee Entertainment, Vodafone Idea, and Bharat Heavy Electricals

Divestment isn't enough to sustain uptrend in BHEL as numbers don't support

Operational performance has been on a weak footing for long, with little hope of turnaround even in the medium-term

BHEL hits over 10-year low

Post Q3 results, the stock has fallen 23% as compared to 1% decline in S&P BSE Sensex.