BHEL secures order worth ₹90 crore from Damodar Valley Corporation; shares trade in the red

Shares of the integrated power equipment manufacturer Bharat Heavy Electrical Ltd (BHEL) are in focus on Thursday after the company secured a domestic entity. Shares fell 1.7% on Thursday amid a broader selloff in the markets.

The company said through an exchange filing that, “Bharat Heavy Electricals Limited has received a Limited Notice to Proceed (LNTP) from Damodar Valley Corporation (DVC), Kolkata, of 1x800 MW Durgapur supercritical thermal power station, for initiating the advance engineering and ordering of critical long lead items under the main plant package for this project”.

Order for the supply and execution of the Main plant package awarded to BHEL by DVC on completion of 10 months from the date of issuance of LNTP.

Earlier this month, the company was in focus after securing a Notification of Award (NoA) worth over ₹21,000 crore (excl. GST) from Meja Urja Nigam (MUNPL), a joint venture company between NTPC and Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL). The NoA is for the EPC package of 3x800 MW Meja supercritical thermal power project Stage-II (Prayagraj, Uttar Pradesh).

The nature of order is design, engineering, manufacturing, supply, construction, erection, testing and commissioning works for the EPC package. The completion of facilities (COF) of the EPC package will be completed within 70 months from the date of NoA.

In the Q4FY26, the company posted a 36% YoY jump in revenue at ₹12,310 crore as compared to ₹8,993 crore. The net profit for the quarter jumped 156% to ₹1,290 crore as compared to ₹504 crore in the previous year’s same quarter. For FY26, the revenue jumped 19.2% YoY at ₹33,782 crore. The operating profit soared to ₹2,342 crore as against ₹1,399 crore. Lastly, the net profit jumped almost 3x to ₹1600 crore.

Bharat Heavy Electricals is an Indian central public sector undertaking and the largest government-owned power generation equipment manufacturer.