BHEL shares rally 3% as firm bags order worth ₹21,000 crore; everything investors need to know

Shares of Bharat Heavy Electricals Limited (BHEL) jumped nearly 2.6% to touch an intraday high of ₹399.65 apiece on Friday, June 5, as the state-owned firm bagged a major order worth ₹21,000 crore.

The order has been awarded by Meja Urja Nigam Private Ltd (MUNPL), a joint venture between NTPC Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL). It covers the EPC package, including design, engineering, manufacturing, supply, construction, erection, testing, and commissioning works.

BHEL further said that it has received a Notification of Award (NoA) from Meja Urja Nigam Private on June 4, 2026, for the EPC package of the 3x800 MW Meja Supercritical Thermal Power Project (Stage-II) located in Prayagraj district, Uttar Pradesh.

The order is to be executed with the completion of facilities (COF) for the EPC package scheduled within 70 months from the date of the Notification of Award (NoA).

This week, BHEL has secured another order worth ₹2,000-₹2,500 crore from a Nigerian entity. 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.

BHEL share price

At 12:04 PM, BHEL shares were trading at ₹392.5 apiece on the National Stock Exchange, rising 0.85%.

Shares of the company have jumped 5% over a month, while they have soared 41% in the past six months. From the beginning of the year, BHEL shares have increased nearly 35%.

The company has a market capitalization of ₹1.37 lakh crore.

Shares of the company had touched their one-year high of ₹424.90 apiece on May 29, 2026, while their 52-week low of ₹205.12 was hit on August 29, 2025.

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.

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 a 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.

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, defense, and power.

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