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BHEL to invest ₹3,064 crore in Coal India joint venture

after close1 source ↓written by the desknot a recommendation

in a joint
₹3,064.46 crore
a capacity
2,000 tonnes per day

Bharat Heavy Electricals Limited (BHEL) will invest ₹3,064.46 crore in a joint venture with Coal India Limited over four years. This partnership aims to establish a coal-to-ammonium nitrate plant with a capacity of 2,000 tonnes per day. The move supports the government's initiative for coal gasification and reduces chemical import dependence.

Additionally, BHEL is forming another joint venture in the rail segment, further diversifying its operations.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 22 Mar 2026, 16:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BHEL closed −3.5% on the day of the news, from ₹262.05 to ₹252.85; Nifty −2.6% over the same session; futures OI −1.9%.

Bulletin at 16:03 IST on 22 Mar 2026. Every change is measured from ₹262.05, the last close before it, on 20 Mar. Nifty 50 is measured over the same sessions.

  • BHEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BHEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it229.35262.05294.75axis spans 29%before the news · 20 Mar262.05Nifty 50BHELbulletinD0+1+3+516 Mar27 Mar9 AprFutures open interest, lotspeak 48,000Reference close ₹262.05. 16 sessions from 16 Mar to 9 Apr; the price axis spans 29 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before20 Mar₹262.05basebase
On the day23 Mar₹252.85▼ −3.5%▼ −2.6%−0.9 pp difference
+1 session24 Mar₹258.20▼ −1.5%▼ −0.9%−0.6 pp difference
+3 sessions27 Mar₹254.85▼ −2.8%▼ −1.3%−1.5 pp difference
+5 sessions1 Apr₹251.84▼ −3.9%▼ −1.9%−2.0 pp difference
Gap at the open, % · ₹
▼ −0.7%−1.86 on 23 Mar
Day's range, % · ₹
4.2%≈ 11 high to low
Volume on the day
1.20×the 20-session average
Futures OI on the day
▼ −1.9%−870 lots · long unwinding · price −3.5%
Futures OI open, lots
45,00023 Mar · 30 Mar expiry
Futures premium, ₹
−0.35−0.1% to spot
Puts per call, by OI
0.82from 0.85 the session before
Max pain
260from 260 the session before

Source NSE UDiFF bhavcopy · BHEL on the desk →

Thread · BHELAll BHEL bulletins →

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