BHEL

** Shares of state-run Bharat Heavy Electricals Ltd BHEL.NS decline 5.4% to 261 rupees

** The Indian government announces a proposal to sell up to 104.5 million shares in the heavy electrical equipment maker at a floor price of 254 rupees per share

** Floor price is at a 8% discount to BHEL's Tuesday close of 276.10 rupees per share

** Government owned 63.17% stake in co as of Dec-end - exchange data

** Stock, on an avg, rated "Hold" by 20 analysts covering it, median TP 250 rupees - data compiled by LSEG

** YTD stock down 9%

(Reporting by Hritam Mukherjee in Bengaluru)

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Feb 10 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• RECEIVES LETTER OF ACCEPTANCE FROM BHARAT COAL GASIFICATION AND CHEMICALS

• ORDER VALUED AT ABOUT 28 BILLION RUPEES

Source text: ID:nBSE1vZFLf

Further company coverage: BHEL.NS

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Feb 4 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHEL - RECEIVES LOI FROM HINDALCO INDUSTRIES

• BHEL - ORDER SIZE VALUED AT ABOUT 12 TO 15 BILLION RUPEES

Source text: ID:nBSE2kg1Y5

Further company coverage: BHEL.NS

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** Shares of India's Bharat Heavy Electricals Ltd's (BHEL) drop 3% to 255 rupees, on track for third straight session of losses

** On Monday, power equipment maker reported third-quarter consol rev rose16% yoy; PAT more than doubled

** JM Financial ("Buy", PT at cuts PT to 355 rupees from 363 rupees) says co missed its expectations on revenue, EBITDA margin

** Adds co's current focus on completion of 10.2GW of pre-Talcher projects in 2026, impacting margins

** Brokerage Nuvama ("Buy", PT at 353 rupees) says co missed the PAT estimate by 26% as gross margins fell to 30.8% on the accelerated execution of low-margin legacy projects

** We are slashing FY26E EPS (earnings per share) by 21% on an operating profit margin cut to 6%, to reflect the bunched execution of legacy projects in H2FY26- Nuvama

** BHEL rated "Hold" on avg by 19 analysts covering it; median PT at 250 rupees- data compiled by LSEG

** In 2025, BHEL gained 25%

(Reporting by Komal Salecha in Bengaluru)

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Jan 19 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHEL - BOARD APPROVES SHORT CLOSURE OF VARANASI PLANT SCHEME

• BHEL - PRODUCTS FOR VARANASI PLANT TO BE MADE AT OTHER LOCATIONS

• BHEL - SHORT CLOSURE OF SCHEME CONSIDERING CURRENT BUSINESS LANDSCAPE

Source text: ID:nBSE29VrgM

Further company coverage: BHEL.NS

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Jan 15 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHEL - BEGINS SUPPLY FOR VANDE BHARAT SLEEPER TRAIN PROJECT

Source text: ID:nBSE17Fylc

Further company coverage: BHEL.NS

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** Shares of Bharat Heavy Electricals (BHEL) BHEL.NS rise 3.4% to 281 rupees

** State-owned manufacturer's JV with Coal India COAL.NS wins order worth 54 billion rupees ($599.80 million) to design, supply equipment and commission coal-to-ammonium nitrate project in East India's Odisha

** COAL up 0.3%

** BHEL logged 10.5% decline on Thursday after Reuters reported that India's finance ministry plans to scrap restrictions on Chinese firms bidding for government contracts

** Stock rated "hold" on avg by 19 analysts; median PT is 250 rupees - data compiled by LSEG

** In 2025, BHEL rose about 25%, COAL advanced nearly 4%

($1 = 90.0300 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru)

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** Shares of Bharat Heavy Electricals BHEL.NS slumped 10.5% while infrastructure behemoth Larsen & Toubro LART.NS ended 3.1% lower at market close on Thursday

** India's finance ministry plans to scrap five-year-old restrictions on Chinese firms bidding for government contracts, Reuters reports, citing two sources

** The curbs, imposed in 2020 after a deadly clash between the neighboring countries' troops, required Chinese bidders to register with an Indian government committee and obtain political and security clearances

** Government projects make up a significant share of the order books for companies such as BHEL and LART

** In 2025, BHEL gained 25% while L&T rose 13%

(Reporting by Nishit Navin in Bengaluru)

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Jan 2 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• TAX DEPARTMENT ORDER FAVORS BHEL, DROPS DEMAND OF 1.84 BILLION RUPEES

Source text: ID:nBSEKp8Sx

Further company coverage: BHEL.NS

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Adds official details in paragraphs 3, 5-6

Sept 30 (Reuters) - Nine workers were killed in an accident at a thermal power plant that is under construction in the southern Indian city of Chennai, officials said on Tuesday.

The incident occurred when a steel arch collapsed at a construction site at the Ennore SEZ Supercritical Thermal Power Project, said J. Radhakrishnan, secretary of the Tamil Nadu Electricity Board and chairman of the plant's owner, Tamil Nadu Generation and Distribution Corporation.

Radhakrishnan said one person was injured in the accident, in addition to the nine deaths.

Officials at BHEL BHEL.NS, which is the contractor of the project, are present at the accident site, Radhakrishnan told reporters in a video posted on X by ANI, in which Reuters has a minority stake.

Tamil Nadu Chief Minister M.K. Stalin confirmed the deaths in an X post and said the nine workers were from the eastern state of Assam.

"Saddened by the mishap due to the collapse of a building in Chennai, Tamil Nadu," Prime Minister Narendra Modi said in a post on X.

(Reporting by Shubham Kalia and Yazhini MV in Bengaluru, Chris Thomas in Mexico City; Additional reporting by Surbhi Misra in Bengaluru;
Editing by David Goodman and Gareth Jones)

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Sept 3 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• ACCEPTS LOI FROM MB POWER FOR 800 MW PROJECT

• ORDER SIZE ABOUT 26 BILLION RUPEES

Source text: ID:nBSE1FQ46s

Further company coverage: BHEL.NS

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Sept 2 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• RECEIVES FAVOURABLE ORDER FROM COMMISSIONER TAX

Source text: ID:nBSE794Zk0

Further company coverage: BHEL.NS

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Sept 1 (Reuters) - RPP Infra Projects Ltd RPPI.NS:

• AWARDED CONTRACT BY BHEL

• CONTRACT VALUED AT 11.26 BILLION RUPEES

Source text: ID:nNSE9cjdKg

Further company coverage: RPPI.NS

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Aug 25 (Reuters) - Gandhar Oil Refinery (INDIA) Ltd GADH.NS:

• GANDHAR OIL REFINERY (INDIA) LTD - RECEIVES TWO-YEAR CONTRACT FROM BHEL VALUED AT 246 MILLION RUPEES

Source text: ID:nBSEmBSG1

Further company coverage: GADH.NS

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Aug 6 (Reuters) - India's state-owned Bharat Heavy Electricals Ltd (BHEL) BHEL.NS reported a wider first-quarter loss on Wednesday, hurt by lower demand for its power and industrial equipment products and rising costs.

The manufacturer's net loss more than doubled to 4.55 billion rupees ($52 million) in the quarter ended June 30, from 2.13 billion rupees a year earlier.

India's power demand fell 1.8% year-on-year to 481 billion units in the April-June period as early monsoons hampered construction activity and reduced air conditioning requirements.

That led to a slowdown in project orders for power equipment. BHEL's revenue from that segment, its biggest, fell 5.6% to 38.99 billion rupees.

The company, which accounts for 55% of India's total installed power generation capacity, said its revenue from operations was nearly flat at 54.87 billion rupees in the quarter.

BHEL's expenses, however, rose nearly 7% to 62.80 billion rupees, driven by a jump of 10.8% in the cost of raw materials and services.

BHEL's rival, Tata Power TTPW.NS missed quarterly profit estimates, weighed down by weak electricity demand.

Shares of the company closed 3.4% lower, ahead of results.

($1 = 87.6400 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Savio D'Souza)

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June 27 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHEL- GOT LETTER OF AWARD (LOA) FROM ADANI POWER FOR SIX (6) THERMAL UNITS OF 800 MW

• BHEL- ORDER VALUE AT 65 BILLION RUPEES

Source text: ID:nnAZN41VU8F

Further company coverage: BHEL.NS

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May 16 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHEL MARCH-QUARTER CONSOL NET PROFIT 5.04 BILLION RUPEES

• BHEL MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 89.93 BILLION RUPEES

Source text: [ID:]

Further company coverage: BHEL.NS

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** Bharat Heavy Electricals BHEL.NS climbs 5% to 227.25 rupees

** Engineering and manufacturing company gets favourable order from Customs Excise and Service Tax Appellate Tribunal (CESTAT) in Delhi

** Says CESTAT set aside earlier order by goods and services tax authorities, imposing tax demand and penalties worth ~538.8 mln rupees ($6.4 mln)

** Adds it will file for refund of the pre-deposit made

** Stock rated "hold" on avg; median PT is 217 rupees, data compiled by LSEG shows

** BHEL down 5.6% YTD, underperforming the energy index .NIFTYENR, which drops ~2% in the same period

($1 = 84.6010 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

April 24 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• MINOR FIRE INCIDENT IN BHEL BHOPAL

• FIRE CONTAINED, NO DAMAGE OR INJURIES REPORTED

• NO DAMAGE TO MACHINERY, PLANT OR PROPERTY. NO INJURIES OR CASUALTIES OCCURRED

Source text: [ID:]

Further company coverage: BHEL.NS

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April 16 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• SIGNED TECHNOLOGY TRANSFER AGREEMENT WITH BHABHA ATOMIC RESEARCH CENTRE

• AGREEMENT COVERS ELECTROLYSER SYSTEMS FOR HYDROGEN PRODUCTION

Source text: [ID:]

Further company coverage: BHEL.NS

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April 9 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHARAT HEAVY ELECTRICALS LTD - ENTERS INTO MOU WITH NUOVO PIGNONE INTERNATIONAL

• BHARAT HEAVY ELECTRICALS LTD - STRATEGIC TIE-UP FOR COMPRESSOR REVAMP IN FERTILIZER SECTOR

• BHARAT HEAVY ELECTRICALS LTD - AGREEMENT TO CONTINUE FOR 10 YEARS

Source text: ID:nBSE7d8p9b

Further company coverage: BHEL.NS

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** Shares of India's Bharat Heavy Electricals Ltd BHEL.NS up 3.3% at 221.2 rupees
** Co says it won a thermal power project order worth 118 billion rupees ($1.38 billion)
** BHEL among top gainers in Nifty Next 50 index .NN50 (up 0.4%) and Nifty state-run index .NIFTYPSE (up 1%)
** BHEL down 3.8% YTD vs a 6.3% drop in Nifty Next 50 and 0.8% drop in Nifty PSE Index

($1 = 85.6500 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)

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March 25 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHEL EXTENDS TECHNOLOGY COLLABORATION AGREEMENT WITH VOGT POWER INTERNATIONAL INC

Source text: [ID:]

Further company coverage: BHEL.NS

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** Shares of Power Mech Projects POMP.NS jump as much as 8.2% to a 2-month high of 2,347 rupees, last up 4.5%

** Engineering and construction firm gets 5.79-billion rupee (~$67 million) order from Bharat Heavy Electricals BHEL.NS for civil structure and architechtural work in Jharkhand state

** Order for a period of 32 months

** Year-to-date, POMP down ~16%

($1 = 85.8575 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of engineering and manufacturing company Bharat Heavy Electricals Ltd (BHEL) BHEL.NS rise 2.6% to 212 rupees

** Co secures order worth 75 billion rupees ($870 million) from the Gujarat State Electricity Corporation

** Order pertains to the supply of equipment such as boilers, turbines and generators, commissioning and civil works

** Order to be executed within 54 months, BHEL says

** BHEL shares are down 7.5% in 2025 so far, compared to a 5.1% drop in energy index .NIFTYENR and 3.5% slide in public sector enterprises index .NIFTYPSE

($1 = 86.2130 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

March 13 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHARAT HEAVY ELECTRICALS LTD - GETS TAX ORDER OF 12.4 MILLION RUPEES

Source text: ID:nBSE8XdbNh

Further company coverage: BHEL.NS

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March 7 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• INVOKED ARBITRATION FOR RECOVERY OF CONTRACTUAL DUES FROM FITWELL CONSTRUCTIONS

• CLAIMS 283.7 MILLION RUPEES IN ARBITRATION CASE

Source text: ID:nNSE7f4Wcl

Further company coverage: BHEL.NS

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** Shares of Welspun Specialty Solutions WELU.BO rise 4.4% to 31.30 rupees after a five-session losing streak

** Steel products maker says declared lowest bidder to supply 4,050 tons of stainless steel seamless boiler tubes to Bharat Heavy Electricals BHEL.NS

** Says total contract value 2.32 bln rupees ($26.6 mln)

** WELU down ~25% so far in 2025 after gaining 12.9% last year

($1 = 87.0800 Indian rupees)

(Reporting by Vijay Malkar)

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March 4 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHARAT HEAVY ELECTRICALS - FILES WRIT PETITION AGAINST RPCL FOR WITHHOLDING 4.23 BILLION RUPEES

Source text: ID:nBSE5ZJrGw

Further company coverage: BHEL.NS

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Feb 21 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHARAT HEAVY ELECTRICALS - DIPON GULF GENERAL CONTRACTING FILES ARBITRATION AGAINST CO

• BHARAT HEAVY ELECTRICALS LTD - ARBITRATION INVOKED FOR ADDITIONAL WORK AT MAITREE PROJECT

• BHARAT HEAVY ELECTRICALS LTD - CLAIMANT SEEKS USD 29.7 MILLION IN ARBITRATION

Source text: ID:nNSE85NPcz

Further company coverage: BHEL.NS

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