BHEL bags ₹2,600 crore order for thermal power project in Madhya Pradesh

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 said in a regulatory filing.

The total project, based on supercritical technology, is worth approximately ₹2,600 crore excluding GST.

The boiler and turbine generator are to be manufactured at BHEL’s Trichy and Haridwar plants, respectively. The supply completion for the project is expected in 58 months.

On Wednesday, shares of the state-owned company closed at ₹216.61 apiece on the National Stock Exchange, rising 0.72%.

The PSU firm’s total order inflow during the April-June quarter of FY26 was clocked at ₹13,445 crore, while its outstanding order book was at ₹2,04,375 crore.

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

BHEL had reported a 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.

Over the last five trading days, shares of the BHEL have gained over 3%. For a month’s period, it has slumped more than 10%.

However, since March 3, 2025, which is six months, the stock has climbed 17%. Year-to-date, it has lost 7%.

The company’s market capitalisation stands at ₹75,424.97 crore.

Shares of the firm had touched their one-year high of ₹292 apiece on September 2, 2024, while their 52-week low of ₹176 was hit on March 3, 2025.