Synopsis: Bharat Heavy Electricals Limited (BHEL) has received a major order from Bharat Coal Gasification and Chemicals Limited (BCGCL), a joint venture of Coal India and BHEL. The order is linked to a large coal-to-chemicals project in Odisha and marks an important step for BHEL in the coal gasification and clean energy space.
The shares of this PSU stock majorly engaged in designing, engineering, manufacturing, construction, testing, commissioning and servicing of a wide range of products and services, were in focus after bagging orders worth Rs. 5400 Crores from BCGCL
With the market capitalization of Rs. 98,368 Crores, the shares of BHEL were trading at around Rs. 285 per share, jumped nearly 5 percent from its previous day close of Rs. 272.30 per share and is trading at a P/E of 171 whereas industry P/E stands at Rs. 47.9
What is the NEWS:
Bharat Heavy Electricals Limited (BHEL) has recently updated the exchanges about receiving a work order for setting up a Coal Gasification and Raw Syngas Cleaning Plant for BCGCL’s project that will produce ammonium nitrate at Lakhanpur in Jharsuguda district, Odisha. BHEL will handle the full scope of work, including design, engineering, supply of equipment, construction, installation, commissioning, and long-term operation and maintenance.
The project is valued at around Rs. 5,400 crore, excluding GST. The plant is expected to be commissioned within 42 months from the date of order, followed by five years of operation and maintenance support.
About the company and Financials
Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy which includes Power, transmission, Industry, transportation, renewable energy, Oil & Gas and defence. The companies order book as on 31 March 2025 amounts to Rs. 1,96,328 Crore
Year on Year analysis: Revenue from Operations has increased from Rs. 6584 Crores to Rs. 7512 Crores, up 14 percent.Operating profit has increased from Rs. 275 Crore to Rs. 581 Crores, up 111 percent and net profit has increased from Rs. 106 Crores to 375 Crores, up 253 percent.
Quarter on Quarter analysis: Revenue from operations has increased on a quarterly basis from Rs. 5487 Crores to 7512 Crores, up 37 percent. Operating profit has turned from operating loss of Rs. 537 Crores to operating profit of Rs. 581 Crores and Net profit has also turned from net loss of Rs. 456 Crores to net profit of Rs. 375 Crores
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