BHEL bags order worth ₹6,500 crore from Adani Power for six thermal units

Bharat Heavy Electricals Limited (BHEL) on Friday, June 27, 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 company said in a regulatory filing.

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, the statement further added.

Final dividend record date

Last week, the company fixed Friday, July 11, as the record date for determining the eligibility of the members to receive the final dividend of ₹0.5 per share with a face value of ₹2 each (at 25% on the paid-up share capital).

The final dividend, subject to shareholder approval at the ensuing annual general meeting (AGM) on July 25, 2025, was announced in mid-May.

BHEL March quarter performance

The company reported a 25% year-on-year (YoY) fall in its consolidated net profit to ₹489.6 crore in the March FY25 quarter, compared to ₹658 crore in the corresponding quarter last year.

Its revenue from operations rose by 0.4% YoY to ₹8,260.2 crore in the quarter under review, as against ₹8,226.9 crore in Q4 FY24.

BHEL stock performance

On Friday, BHEL’s shares closed at ₹263.45 on the National Stock Exchange (NSE), down 0.38%. However, the development was announced after the market closed.

The stock surged 5.45% over the week and 1.64% since the beginning of June. The scrip has soared 22.03% so far in the first quarter of FY26 and 15.13% on a year-to-date basis.

It hit a 52-week low of ₹176 apiece on March 3, 2025, and a low of ₹335.35 on July 9, 2024.

BHEL has a total market capitalisation of ₹91,734.96 crore as of June 27, 2025, as per the data on the NSE.