BHEL shares rise 3% as firm secures ₹6,500 crore order from Adani Power

Shares of Bharat Heavy Electricals Limited (BHEL) rose 3% to a day’s high of ₹272 on the BSE on Monday, June 30. This rise is followed by the order of ₹6,500 crore from Adani Power on Friday, June 27. The shares of BHEL jumped 0.45% to ₹265.30 apiece on the NSE.

“Bharat Heavy Electricals Limited (BHEL) has received a Letter of Award (LoA) from Adani Power Ltd. (APL) for six (6) thermal units of 800 MW,” the company said in an exchange filing.

The ₹6,500 crore contract, exclusive of GST, is classified as a domestic order. Under the scope of this contract, BHEL will supply critical equipment, including Steam Turbine Generators and associated auxiliaries. In addition, the company will be responsible for supervising the erection and commissioning of these units.

The order does not fall under any related party transactions, nor does it involve promoter group interests, as clarified by the company. The execution timeline will adhere to the customer’s project requirements, but further details regarding specific deadlines were not disclosed in the regulatory filing.

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.

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.

Following the announcement, BHEL shares opened higher and quickly gained momentum, hitting an intraday high of ₹272, up by 3% from the previous close. On Friday, the stock had closed with a marginal negative bias at ₹264.05 on the BSE.

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.