840% returns in 5 years: This PSU stock is in the spotlight today on securing ₹6,650 crore work order

The stock was in demand following the PSU's announcement that it had won a significant order worth ₹6,650 crore from NTPC.

The state-owned engineering firm on Friday said it has secured an order worth ₹6,650 crore from NTPC Ltd for setting up an 800 MW unit at Darlipali Supercritical Thermal Power Project Stage-II in Sundargarh district, Odisha.

"BHEL has received a notification of award from NTPC Ltd for 1x800 MW Darlipali STPP, Stage-II," a regulatory filing said.

The nature of the order is EPC (engineering, procurement, and construction) works, including design, engineering, supply of equipment, along with erection & commissioning, and civil works.

Broad consideration, or the size of the order, is over ₹6,650 crore, excluding GST, the filing said.

About the time frame for completion of the order, it stated that the completion of work is expected in 48 months from the date of notification of award.

BHEL Q2 FY26 Results

BHEL said its consolidated net profit more than tripled to ₹374.89 crore in the September quarter compared to a year ago, mainly on the back of higher revenues.

The company had a consolidated net profit of ₹106.15 crore in the quarter ended on September 30, 2024, a regulatory filing showed.

Total income of the company rose to ₹7,686.41 crore during the quarter from ₹6,695.37 crore seen in the same period a year ago.

In September 2025, BHEL said it had secured two projects worth ₹13,000-₹15,000 crore.

The company has received the notifications of award from M.P. Power Generating Company Ltd. (MPPGCL), BHEL said in an exchange filing.

The orders are "in the range of ₹13,000 crore - ₹15,000 crore excluding taxes & duties," it said.

The NoA received on Monday is for EPC packages of 1x660 MW Amarkantak unit no. 6 and 1x660 MW Satpura unit no. 12 Supercritical Thermal Power Plants in Madhya Pradesh. The EPC works include the supply of equipment, erection and commissioning, and civil works.

Project completion schedule of each plant within 57 months from NOA.

BHEL to supply KAVACH equipment to Railways

In September itself, BHEL said it had secured an order worth ₹22.87 crore to supply and install KAVACH equipment, an automatic train protection system, from Indian Railways (South Western Railway).

According to a regulatory filing, BHEL has received an order from Indian Railways (South Western Railway).

"Letter of Intent received on September 11, 2025, for design, development, supply, installation, trial, and commissioning of on-board KAVACH equipment in locomotives and trackside KAVACH equipment at station/LC/IB/ABS locations, along with associated works in South Western Railway," it stated.

Kavach equipment is to be manufactured at BHEL's Bengaluru plant.

The time period for execution of the order is 18 months.

BHEL share price trend

Shares of BHEL have given impressive returns to its long-term investors. Data show that the stock has jumped 842% in the past five years.

In the past 12 months, the stock has gained nearly 8%, nearly 13% YTD, and 17% over the past six months.