BHEL bags ₹23 crore Indian Railways order for KAVACH train protection system; stock up 6% in 5 days

According to a regulatory filing, Bharat Heavy Electricals Ltd (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.

The order is scheduled for completion within 18 months, with Kavach equipment to be manufactured at BHEL’s Bengaluru plant.

Shares of BHEL settled to close 0.18% lower at ₹228.66 apiece on the National Stock Exchange (NSE).

Other orders

Earlier this month, BHEL said that it has accepted a Letter of Intent from MB Power (Madhya Pradesh) Limited for the supply of equipment for a 1x800 MW Anuppur Thermal Power Project on Wednesday, September 3.

The Letter of Intent (LOI) was accepted for the supply of equipment, including a boiler, turbine, and generator. A formal contract agreement is expected soon, BHEL had said.

In June, BHEL had secured an order worth ₹6,500 crore from Adani Power for six thermal units of 800 megawatts (MW).

The Navratna PSU firm received a letter of award (LoA) for the supply of equipment, including a steam turbine generator, along with auxiliaries. Furthermore, BHEL will be responsible for supervising the commissioning and erection of the six thermal units.

The pact was inked for a broad consideration of ₹6,500 crore, which excludes GST and will be enacted as per Adani Power’s project requirements.

Stock price details

The stock opened at ₹228.50, down from the previous close of ₹228.66. The company’s market capitalisation is ₹79,593 crore.

Over the last five days, shares of BHEL have surged 6.39%. The scrip has advanced 2.69% in the last month. On the other hand, BHEL shares have significantly zoomed 18.18% in the last 6 months and the year-to-date drop stands at 1.92%.

The stock touched its 52 week high of ₹291.10 on September 27, 2024 and its 52 week low of ₹176 on March 3, 2025.

BHEL Q1 results:

BHEL’s consolidated net loss widened to ₹455.50 crore in the June quarter of financial year 2025-26 as compared to a net loss of ₹211.40 crore in Q1 FY25.

Total expenses rose to ₹6,279.78 crore in the quarter from ₹5,874.98 crore in the same period a year ago.

However, the total income rose slightly to ₹5,658.07 crore in the quarter from ₹5,581.78 crore a year ago. The PSU firm’s total order inflow during the quarter was clocked at ₹13,445 crore, while its outstanding order book was at ₹2,04,375 crore.