BHEL shares in focus after over ₹2,000 crore order win from Nigeria; details to know

The contract agreement was signed with Nigeria’s Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise on June 2, according to a regulatory filing.

The order involves the design, manufacturing, supply, and supervision of the erection and commissioning of eight gas turbine generator packages for a petroleum refinery and polypropylene plant at the Dangote Industries Free Zone in Nigeria, the company informed the stock exchanges on Wednesday, June 3.

The contract is scheduled to be executed within 26 months from the commencement date or the effective date of the agreement.

The state-owned company’s operations span several key sectors of the economy, including transportation, defence, and power.

About BHEL

Bharat Heavy Electricals Ltd (BHEL) is one of India’s largest engineering and manufacturing companies. The state-owned firm’s operations span key sectors of the economy, including transportation, defence, and power.

The public sector undertaking (PSU) designs, manufactures, and supplies a wide range of equipment for power generation, transmission, transportation, defence, aerospace, as well as the oil and gas sectors.

In recent years, the company has also diversified into emerging areas such as battery energy storage systems and electric vehicle chargers. It is among the few companies globally with the capability to design and manufacture equipment across the entire spectrum of power plants, including nuclear, hydro, thermal, and gas.

BHEL was incorporated on November 13, 1964, and assumed its present form on January 1, 1974, following the merger of HE (India) Ltd’s Bhopal plant, the Transformer Plant in Jhansi, and the Central Foundry Forge Plant in Haridwar.

BHEL Q4 FY26 earnings

BHEL posted a two-fold jump in consolidated net profit to ₹1,290.47 crore during the quarter ended March 31, supported by growth in revenues.

It had reported a net profit of ₹504.45 crore in the same period a year ago, the company said in an exchange filing.

During the fourth quarter, its total income surged to ₹12,553.50 crore from ₹9,142.64 crore in the January-March period of the preceding 2024-25 financial year.

For the entire FY26, the company's net profit jumped to ₹1,600.26 crore from ₹533.90 crore in the year ago.

The board of the company also approved a final dividend of ₹1.40 per share of ₹2 each for the fiscal year ended March 31, 2026. BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors.