BHEL

** 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)

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

• BHEL- GOT ORDER WORTH 75 BILLION RUPEES

• BHEL- GOT LETTER OF INTENT FROM GSECL FOR SUPPLY OF EQUIPMENT

Source text: [ID:]

Further company coverage: BHEL.NS

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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)

(([email protected];))

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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Feb 18 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHEL - ARBITRATION INITIATED AGAINST BHEL

• BHEL - CLAIM OF $3.1 MILLION, 37.9 MILLION RUPEES MADE AGAINST BAP-RANIPET

• BHEL - CLAIM MADE BY DUCON TECHNOLOGIES, USA AND DUCON INFRATECHNOLOGIES

Source text: ID:nBSEbzZQvz

Further company coverage: BHEL.NS

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Feb 14 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHARAT HEAVY ELECTRICALS LTD - RECEIVES LOI FROM SCCL FOR 1X800 MW PROJECT

• BHARAT HEAVY ELECTRICALS LTD - ORDER SIZE 67 BILLION RUPEES

Source text: ID:nNSE4NtkFf

Further company coverage: BHEL.NS

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** Shares of Bharat Heavy Electricals Ltd (BHEL) BHEL.NS up 2% to 206 rupees in early trade

** Industrial equipment maker wins order worth 80 bln rupees ($910 million) from Maharashtra State Power Generation Company

** Separately, co in consortium with Hitachi Energy India HITN.NS, wins another order from Rajasthan Part 1 Power Transmission

** Co did not disclose value of the second order

** Stock trims YTD losses to 10%

($1 = 87.9275 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Jan 28 (Reuters) - India's Bharat Heavy Electricals (BHEL) BHEL.NS reported third-quarter profit below estimates on Tuesday as a surge in expenses outweighed a modest rise in power demand.

The power and industrial equipment manufacturer reported a net profit of 1.25 billion rupees ($14.5 million) for the three months ended Dec. 31, compared to a loss of 2.13 billion rupees a year earlier.

Analysts, on average, had estimated a profit of 1.68 billion rupees, as per data compiled by LSEG.

BHEL's total expenses surged 31% to 72.25 billion rupees, owing to a 22% rise in input costs. It also incurred 9.07 billion rupees worth of "other expenses", without specifying details.

Meanwhile, domestic power generation rose in the October-December quarter, although it grew only 3% compared to 12% a year earlier. Power growth slowed down in the latter half of 2024, Reuters reported earlier this month.

The slowdown in power generation comes in line with the country's manufacturing activity growth, which remained tepid for two of the three months in the period but grew on a year-on-year basis.

Revenue from operations jumped nearly 32% to 72.77 billion rupees in the quarter, owing to a 32% rise in revenue from the power segment.

BHEL is the first among its peers to report quarterly results, with larger rival Tata Power TTPW.NS set to post quarterly earnings next month.

($1 = 86.5150 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Varun H K)

(([email protected]; +918447554364;))

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

• ARBITRAL TRIBUNAL GIVES AWARD FOR ARBITRATION FILED BY BHEL AND CO

• ARBITRATION AWARD SAYS BHEL ENTITLED TO RISK AND COST OF 12.6 MILLION RUPEES AND INTEREST

Source text: ID:nBSE149pt0

Further company coverage: BHEL.NS

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Jan 13 (Reuters) - Auro Impex & Chemicals Ltd AURX.NS:

• AURO IMPEX & CHEMICALS - RECEIVES ORDER WORTH 56.1 MILLION RUPEES FROM BHEL

Source text: ID:nNSE9Pw8wV

Further company coverage: AURX.NS

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

• BHEL SIGNS MOU WITH ONGC FOR EXPLORING JOINT PROJECTS

• CO, ONGC SIGN MOU FOR JOINT PROJECTS IN RENEWABLE ENERGY

• PACT INCLUDES FUEL CELL, ELECTROLYSER, BATTERY ENERGY STORAGE PROJECTS

• BHEL SIGNS MOU WITH ONGC FOR EXPLORING JOINT PROJECTS

Source text: ID:nBSE1ynPFY

Further company coverage: BHEL.NS

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Jan 8 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• COMMISSIONS TWO UNITS OF 6X170 MW PUNATSANGCHHU-II HYDROELECTRIC PROJECT

• PHEP-II EXECUTED UNDER BILATERAL AGREEMENT BETWEEN INDIA AND BHUTAN

Source text: ID:nBSEbG2htX

Further company coverage: BHEL.NS

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Nov 20 (Reuters) - Alkosign Ltd ALKO.BO:

• ALKOSIGN LTD - RECEIVED ORDER BHARAT HEAVY ELECTRICALS

• ALKOSIGN LTD - RECEIVED ORDER FROM BHARAT HEAVY ELECTRICALS WORTH 990.7 MILLION RUPEES

Further company coverage: ALKO.BO

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Nov 12 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHEL - EMERGED AS SUCCESSFUL BIDDER FOR THERMAL POWER PLANT BY NTPC

Source text: ID:nBSE1LHntJ

Further company coverage: BHEL.NS

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Oct 28 (Reuters) - India's state-owned Bharat Heavy Electricals BHEL.NS reported a second-quarter profit on Monday, as higher sale of power products offset an increase in expenses, sending its shares 6.3% higher.

The power and industrial equipment manufacturer reported a net profit of 966.7 million rupees ($11.5 million) for the quarter ended Sept. 30 against a loss of 583 million rupees a year ago.

BHEL, which accounts for 55% of the country's total installed power generation capacity, said its revenue from operations jumped 28.5% to 65.84 billion rupees in the quarter.

Revenue from the power segment, which contributes to more than 75% of BHEL's total revenue, rose 23.5% to 50.28 billion rupees.

Its expenses rose 19% to 65.71 billion rupees, driven by an 18% rise in the cost of raw materials and services.

The company revised its year-ago adjusted expenses lower to 55.19 billion rupees from 57.53 billion rupees, including an increase in deferred tax and a reduction in provisions and write-offs, according to an exchange filing.

With limited competition in the power equipment manufacturing space, BHEL is expected to have a healthy order pipeline, according to a note by Antique Stock Broking.

Shares of the company jumped as much as 10% after results before trimming gains to trade 6.3% higher at 230.6 rupees per share. BHEL's shares have risen around 19% year-to-date.

Rivals Tata Power TTPW.NS and Siemens SIEM.NS have yet to report their quarterly results.

($1 = 84.0510 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected]; +91 8697274436;))

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

• SEALMATIC INDIA LTD - GETS ORDER TO SUPPLY MECHANICAL SEALS FOR POWER PLANT THROUGH BHEL

Source text for Eikon: ID:nBSE18twYn

Further company coverage: BHEL.NS

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** Shares of Bharat Heavy Electricals (BHEL) BHEL.NS climb as much as ~3% to 274 rupees, last up 1.7%

** The power and industrial equipments maker got order worth 61 bln rupees (about $731 mln) from NTPC NTPC.NS

** Order for supply of engineering, procurement and construction parts for a thermal power plant

** Analysts' avg rating on stock is "hold", in-line with rating on peers Power Grid Corp PGRD.NS and ABB India ABB.NS - LSEG data

** Median PT on BHEL is at ~23% discount on last close

** Stock up ~40% YTD vs 38% rise in Nifty public sector enterprises index .NIFTYPSE, of which BHEL is a constituent

($1 = 83.4510 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Bharat Heavy Electronics Ltd BHEL.NS rise as much as 2.6%

** Co won orders worth 110 bln rupees ($1.31 bln) from Adani Power ADAN.NS

** Orders to set up three supercritical thermal power projects in states of Rajasthan and Madhya Pradesh

** Stock rated "sell" on avg, rival Triveni Turbine TRVT.NS rated "buy" - LSEG data

** Stock last up 1.2%, taking YTD gains to 55%; TRVT up ~72% YTD

($1 = 83.8360 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

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

• GOT VAT ASSESSMENT ORDER FOR FY 2014-15 WITH DEMAND OF 6.2 MILLION RUPEES

Further company coverage: BHEL.NS

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July 31 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHARAT HEAVY ELECTRICALS Q1 NET LOSS 2.13 BILLION RUPEES

• BHARAT HEAVY ELECTRICALS Q1 REVENUE FROM OPERATIONS 54.85 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: BHEL.NS

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July 26 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• BHEL - GETS ORDER WORTH IN EXCESS OF 100 BILLION RUPEES

Further company coverage: BHEL.NS

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** Shares of NTPC NTPC.NS and Bharat Heavy Electricals BHEL.NS rise between 1-1.7%

** Indian government proposes in federal budget that NTPC and BHEL set up a joint venture for advanced thermal power plants with higher efficiency

** NTPC and BHEL were flat before the announcement

(Reporting by Dimpal Gulwani in Bengaluru)

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** Shares of power equipment maker BHEL BHEL.NS up 3% at 306 rupees

** India has asked power firms to order equipment worth $33 bln this year to fast track capacity additions of coal-fired power in years ahead, Reuters reports

** BHEL is likely to get most of the contracts for the new equipment and had bagged all power equipment contracts in auctions last year, report adds

** BHEL was up ~2% before the report

** Shares of Larsen & Toubro LART.NS, the only other power equipment maker in India, did not move after the report and were trading 0.4% lower

** Mean rating of 19 analysts is "sell"; median PT is 192 rupees - LSEG data

** Stock up 58% YTD, set for fourth straight annual gain

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Shares of India's Bharat Heavy Electricals Ltd (BHEL) BHEL.NS up 2.6% after rising as much as 3.7% earlier in the day

** Co got 133 billion rupees ($1.6 billion) order from Damodar Valley Corporation (DVC)

** Stock set to gain for the third straight session, if trends hold

** YTD stock has risen 57%

($1 = 83.4075 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

BENGALURU, June 26 (Reuters) - Indian multi-sector infrastructure firm Megha Engineering & Infrastructures (MEIL) won a contract worth 128 billion rupees ($1.53 billion) in a tender floated by the Nuclear Power Corporation of India (NPCIL).

The contract includes the construction of two 700 megawatts (MW) of electrical reactors at Kaigs in the southern Indian state of Karnataka, MEIL said on Wednesday, adding that it is the highest-valued tender ever rolled out by the state-run NPCIL.

Reuters reported in February that India will likely invite $26 billion in its nuclear energy sector to increase the amount of electricity generation from sources that do not produce carbon dioxide emissions.

NPCIL owns and operates the country's current fleet of nuclear power plants and its latest tender received bids from infrastructure major Larsen and Toubro LART.NS and state-owned Bharat Heavy Electricals BHEL.NS, MEIL added.

"This contract represents the most significant project for MEIL and our strategic entry into the nuclear energy sector," said MEIL Director Ch Subbaiah.

($1 = 83.5632 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Sohini Goswami)

(([email protected]; +918447554364;))

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

• WELSPUN SPECIALTY SOLUTIONS - CO HAS BEEN NOTIFIED AS L1 BIDDER BY BHEL, TRICHY FOR SUPPLY OF SEAMLESS STAINLESS STEEL BOILER TUBES

• WELSPUN SPECIALTY SOLUTIONS - TOTAL SUPPLY CONTRACT VALUE WILL BE ABOUT 1.17 BILLION RUPEES

Source text for Eikon: ID:nBSEbQ7kwv

Further company coverage: BHEL.NS

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June 20 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• JUPITER WAGONS LTD - UNIT GOT CONTRACT FROM SIEMENS FOR SUPPLY OF 36 AUXILIARY BATTERIES

• JUPITER WAGONS LTD - 72.8 KWH LFP BATTERY PACK HAS BEEN TECHNICALLY QUALIFIED BY BHEL FOR USE IN VANDE BHARAT TRAINSETS

Source text for Eikon: ID:nNSE9PkZy2

Further company coverage: JUWL.NS

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