BHEL

Bharat Heavy Electricals Limited · NSE · INE257A01026 · F&O · lot 2,625 · 272 sessions on record

₹421.00▲ +5.50 · +1.3%from ₹415.50 the session before · 1 Oct 2026 close · NSE end of day

Open: ₹413.75
High: ₹428.15
Low: ₹411.35
Day's range: ₹174.0% of the previous close
VWAP: ₹421.20close −0.05% from it
Volume, shares: 1.3 cr2.02× the 20-session average
Turnover, ₹ crore: 530
Trades: 1.0 L130 shares per trade
Previous close: ₹415.50+5.50 to the close
Price band, next session: ₹378.90 – ₹463.1010% either side of the close · dynamic, widened in 5% steps when hit

Day range57% of the way up

₹411.35₹428.15

52-week range88% of the way up

₹229.54 24 Oct₹446.50 17 Jul

−5.7% from the high · +83% from the low

The desk read · 1 Octexpiry 27 Oct · 26 days

short covering

futures read

price +1.3% · OI −2.9%

+2.50

futures premium, ₹

+0.6% to spot ₹421.00

0.70

puts per call, by OI

by volume 0.60

415

max pain

−1.4% from the close

▼ −2.9%

futures OI on the day

−920 lots · 31,000 open

Short covering into a 26-day expiry: futures OI −2.9% on a +1.3% day, the most call OI sits at 420, the most put OI at 420, max pain 415.

Futures and options

1 Oct close · lot 2,625 · NSE end of day

BHEL futures closed at ₹423.50, +0.6% to spot, with 95% of open interest in the 27 Oct contract, and the 420 straddle prices a move of about ±7.5% by expiry.

Futures by expiryall 3 contracts NSE lists on the stock · basis against the spot close ₹421.00

Futures by expiry, basis against the spot close ₹421.00
Expiry	Close ₹	Basis ₹ · %	Annualised %	OI lots · on the day	Share of OI %	Contracts traded
27 Oct26 days	₹423.50	+2.50+0.6%	+8.3%	30,000▼ −3.1% · −960 lots	95	7,000
23 Nov53 days	₹425.55	+4.55+1.1%	+7.4%	1,500▲ +1.6% · +23 lots	4.8	340
29 Dec89 days	₹427.80	+6.80+1.6%	+6.6%	26▲ +225.0% · +18 lots	0.08	57

4.9% of futures OI sits beyond the 27 Oct contract · 43 of 50 listed contracts traded · 35,000 option contracts changed hands

Options27 Oct expiry · 26 days

The 420 straddle closed at ₹31.75 (call 17.55 + put 14.20), pricing a move of about ±7.5% by the 27 Oct expiry. In the last 253 windows of 19 sessions, BHEL moved more than that 85 times.

Call OI, lots: 8,0002.1 cr shares
Put OI, lots: 5,6001.5 cr shares
Puts per call, by OI: 0.70by volume 0.60
Max pain: 415−1.4% from the close
Contracts traded: 43 of 50listed for this expiry

Open interest by strike, lotstop three strikes each side

Calls

Strike

Puts

830

450

1,300

420

840

1,100

410

610

400

800

Open interest added on the day, lotsthree largest additions each side

Calls

Strike

Puts

+70

500

+100

470

+180

460

420

+120

415

+220

380

+210

Close ₹ · Nifty 50 rebased to the first close · futures open interest by the day's build-up126 sessions to 1 Oct · axis fixed at 4 × ATR-14 around the last close · hover or tap a session and the read beside the chart follows it

272 sessions on file · from 28 Aug

BHEL close
Nifty 50, rebased
long build-up · price up, OI up
short build-up · price down, OI up
short covering · price up, OI down
long unwinding · price down, OI down

Session read · latest close: 1 Oct 2026
Close ₹ · day %: ₹421.00▲ +1.3% on the previous close
Against Nifty 50: Nifty −0.9%+2.2 pp difference on the day
Futures OI, lots: 31,000−920 lots · −2.9% on the day
The day's build-up: short coveringprice +1.3% · OI −2.9%
Against the averages: below 20 · above 5020-session ₹423.58 (−0.61%) · 50-session ₹419.41 (+0.38%)
Volume: 2.02×the previous 20 sessions · 1.3 cr shares
Extremes on the day: none

The market after the news

close against the last close before each bulletin · Nifty 50 over the same sessions

After the last 8 bulletins, BHEL closed higher five sessions later in 6 of 8.

Close after each bulletin on the day, one session later and five sessions later, with Nifty 50 and futures open interest
Bulletin	Day of the news	1 session later	5 sessions later	Futures OI on the day
19 SeptBHEL and Titagarh form joint venture for Vande Bharat maintenance	▼ −1.5%Nifty +0.3% · −1.8 pp	▼ −3.2%Nifty −0.1% · −3.1 pp	▼ −6.4%Nifty −2.4% · −4.0 pp	▲ +0.6%short build-up
17 SeptBHEL and Titagarh form JV for Vande Bharat maintenance	▲ +4.5%Nifty +0.2% · +4.3 pp	▲ +7.1%Nifty +0.6% · +6.6 pp	▲ +1.2%Nifty −0.7% · +1.8 pp	▼ −1.8%short covering
16 SeptBHEL forms joint venture with Titagarh for Vande Bharat maintenance	▲ +4.5%Nifty +0.2% · +4.3 pp	▲ +7.1%Nifty +0.6% · +6.6 pp	▲ +1.2%Nifty −0.7% · +1.8 pp	▼ −1.8%short covering
16 SeptBHEL forms joint venture with Titagarh for Vande Bharat maintenance	▼ −0.5%Nifty +0.4% · −1.0 pp	▲ +4.0%Nifty +0.7% · +3.3 pp	▲ +2.5%Nifty +1.4% · +1.1 pp	▼ −0.1%long unwinding
29 JulBHEL secures order from Dangote Group for gas turbines	▼ −0.5%Nifty +0.3% · −0.8 pp	▲ +0.5%Nifty +0.6% · −0.1 pp	▲ +0.7%Nifty +1.6% · −0.8 pp	▼ −0.2%long unwinding
17 JulBHEL shares reach 52-week high after strong Q1 results	▼ −1.1%Nifty −0.4% · −0.7 pp	▼ −2.1%Nifty −0.6% · −1.5 pp	▼ −1.4%Nifty −1.4% · 0.0 pp	▼ −1.8%long unwinding
14 JulUpcoming dividends and stock splits for TCS, Kotak, BHEL	▼ −1.3%Nifty −0.7% · −0.6 pp	▲ +2.2%Nifty −0.6% · +2.7 pp	▲ +1.0%Nifty −0.1% · +1.1 pp	▲ +0.7%short build-up
10 JulBHEL Board to review Q1 results on July 16	▲ +3.6%Nifty +1.0% · +2.6 pp	▲ +7.2%Nifty +1.0% · +6.2 pp	▲ +10.6%Nifty +1.6% · +9.0 pp	▼ −0.2%short covering

8 of 24 bulletins

Quarterly results

consolidated · latest filed 16 Jul, 03:02 pm IST · NSE filings

Revenue ₹7,698 cr, +40% on a year earlier; profit ₹377 cr in the Jun 2026 quarter, consolidated.

Last 8 quarters, consolidated₹ crore as filed · year on year against the same quarter a year earlier · market: close on the first session after the filing against the last close before it, Nifty 50 over the same session

Quarterly results of BHEL on the consolidated basis with the market's move on the first session after each filing
Quarter	Revenue ₹ cr	Revenue YoY	Profit ₹ cr	Profit YoY	EPS ₹	Market on the day
Jun 2026filed 16 Jul	₹7,698 cr	▲ +40%	₹377 cr	—	1.08	▲ +4.2%Nifty 0.0% · +4.2 pp
Mar 2026filed 4 May · audited	₹12,310 cr	▲ +37%	₹1,290 cr	▲ +160%	3.71	▲ +7.0%Nifty +0.5% · +6.5 pp
Dec 2025filed 19 Jan	₹8,473 cr	▲ +16%	₹390 cr	▲ +190%	1.12	▼ −0.9%Nifty −0.4% · −0.5 pp
Sept 2025filed 29 Oct	₹7,512 cr	▲ +14%	₹375 cr	▲ +250%	1.08	▲ +6.5%Nifty −0.7% · +7.2 pp
Jun 2025filed 6 Aug	₹5,487 cr	+0.04%	−₹456 cr	—	-1.31	▼ −5.0%Nifty +0.1% · −5.0 pp
Mar 2025filed 16 May · audited	₹8,993 cr	▲ +8.9%	₹504 cr	▲ +3.0%	1.45	▲ +1.9%Nifty −0.2% · +2.1 pp
Dec 2024filed 28 Jan	₹7,277 cr	▲ +32%	₹135 cr	—	0.39	▲ +6.5%Nifty +0.9% · +5.6 pp
Sept 2024filed 28 Oct	₹6,584 cr	▲ +28%	₹106 cr	—	0.30	▲ +6.0%Nifty +0.7% · +5.3 pp

By financial yearApril to March · each year the sum of its four quarters as filed, consolidated · EPS summed across the quarters · only complete years

Financial-year results of BHEL on the consolidated basis, summed from the quarters filed
Year	Revenue ₹ cr	Revenue YoY	Profit ₹ cr	Profit YoY	EPS ₹
FY26to Mar 2026	₹33,782 cr	▲ +19%	₹1,600 cr	▲ +200%	4.60
FY25to Mar 2025	₹28,339 cr	▲ +19%	₹534 cr	—	1.53
FY24to Mar 2024	₹23,893 cr	—	−₹241 cr	—	-0.69

Fundamentals

consolidated · filings to Jun 2026 · close ₹421.00 on 1 Oct

BHEL trades at 60 times trailing earnings against 58 for its industry, 5.6 times book value, revenue +27% over twelve months, a 0.67% dividend yield, market cap ₹1,50,000 cr.

Valuationarithmetic on filings and the close · each cell names what it rests on · — where an input is missing

Market cap: ₹1,50,000 cron 1 Oct · free float ₹61,000 cr
Price to earnings: 60consolidated · four quarters to Jun 2026 · industry 58
Trailing EPS: ₹6.99diluted · consolidated · four quarters to Jun 2026
Price to book: 5.6consolidated · balance sheet to Mar 2026
Book value a share: ₹75.09consolidated · balance sheet to Mar 2026 · over NSE's share count
Debt to equity: 0.31borrowings over equity · consolidated · balance sheet to Mar 2026
Return on equity: 9.6%trailing profit over average equity · consolidated
Dividend yield: 0.67%₹2.80 a share in 365 days
Face value: ₹2a share
Shares outstanding: 348 cron 1 Oct

Growthsums of the four quarters filed to Jun 2026 · growth against the four quarters before them · consolidated

Revenue, trailing 12 months: ₹35,993 crfour quarters to Jun 2026
Revenue growth, 12 months: ▲ +27%against the twelve months before
Revenue 3-year CAGR: ▲ +15%trailing twelve months against the twelve months 3 years earlier · consolidated
Profit, trailing 12 months: ₹2,432 crfour quarters to Jun 2026
Profit growth, 12 months: ▲ +740%against the twelve months before
Profit 3-year CAGR: ▲ +96%trailing twelve months against the twelve months 3 years earlier · consolidated

PeersBSE sub-group Heavy Electrical Equipment · F&O stocks with filings on record · industry P/E 58, market caps over trailing profit of 7 stocks

Stocks in the BSE sub-group Heavy Electrical Equipment with market cap, price to earnings and price to book
Stock	Market cap ₹	P/E	P/B	Close ₹
BHELBharat Heavy Electricals Limited	1,50,000 cron 1 Oct	60consolidated	5.6	₹421.00
ABBABB India Limited	1,50,000 cron 1 Oct	49consolidated	16	₹6,900.00
POWERINDIAHitachi Energy India Limited	1,40,000 cron 1 Oct	120standalone	27	₹31,290.00
CGPOWERCG Power and Industrial Solutions Limited	1,40,000 cron 1 Oct	58consolidated	17	₹879.00
SIEMENSSiemens Limited	1,40,000 cron 1 Oct	—	9.8	₹3,804.00
ENRINSiemens Energy India Limited	1,20,000 cron 1 Oct	—	25	₹3,334.00
GVT&DGE Vernova T&D India Limited	1,10,000 cron 1 Oct	83standalone	40	₹4,253.20
SUZLONSuzlon Energy Limited	53,000 cron 1 Oct	17consolidated	5.7	₹38.90
THERMAXThermax Limited	40,000 cron 1 Oct	—	7.2	₹3,360.60
SCHNEIDERSchneider Electric Infrastructure Limited	30,000 cron 1 Oct	—	39	₹1,275.40
TDPOWERSYSTD Power Systems Limited	25,000 cron 1 Oct	—	23	₹792.15
AZADAzad Engineering Limited	18,000 cron 1 Oct	—	12	₹2,860.90
TRITURBINETriveni Turbine Limited	17,000 cron 1 Oct	—	12	₹530.00
KARAMTARAKaramtara Engineering Limited	13,000 cron 1 Oct	—	—	₹410.95
ATLANTAELEAtlanta Electricals Limited	13,000 cron 1 Oct	—	14	₹1,716.50
QPOWERQuality Power Electrical Equipments Limited	12,000 cron 1 Oct	—	16	₹1,564.60
INOXWINDInox Wind Limited	12,000 cron 1 Oct	29consolidated	1.5	₹68.75
VOLTAMPVoltamp Transformers Limited	11,000 cron 1 Oct	—	5.9	₹10,426.00
ELECONElecon Engineering Company Limited	9,900 cron 1 Oct	—	4.3	₹440.00
TARILTransformers And Rectifiers (India) Limited	8,400 cron 1 Oct	—	5.5	₹280.80
POWERICAPowerica Limited	7,500 cron 1 Oct	—	3.7	₹589.15
KANOHARKanohar Electricals Limited	7,200 cron 1 Oct	—	—	₹906.35
TRANSRAILLTransrail Lighting Limited	6,400 cron 1 Oct	—	2.8	₹474.90
SKIPPERSkipper Limited	6,100 cron 1 Oct	—	4.1	₹541.20
SHILCTECHShilchar Technologies Limited	4,600 cron 1 Oct	—	9.4	₹4,033.00
GVPILGE Power India Limited	4,600 cron 1 Oct	—	7.8	₹679.50
INDOTECHIndo Tech Transformers Limited	3,600 cron 1 Oct	—	9.5	₹3,347.60
BBLBharat Bijlee Limited	2,300 cron 1 Oct	—	1.1	₹2,069.60
EXICOMExicom Tele-Systems Limited	2,100 cron 1 Oct	—	3.2	₹151.10
MARSONSMarsons Limited	2,000 cron 1 Oct	—	9.0	₹114.25
BAJELBajel Projects Limited	1,900 cron 1 Oct	—	2.5	₹163.65
JYOTISTRUCJyoti Structures Limited	1,100 cron 1 Oct	—	2.2	₹8.90
SWELECTESSwelect Energy Systems Limited	900 cron 1 Oct	—	0.94	₹592.90
WAAREEINDOIndosolar Limited	850 cron 1 Oct	—	3.0	₹203.40
SURANASOLSurana Solar Limited	120 cron 1 Oct	—	2.1	₹24.15
TARAPURTarapur Transformers Limited	24 cron 1 Oct	—	—	₹12.20
AARTECHAartech Solonics Limited	—	—	—	—
NEUEONNeueon Corporation Limited	—	—	—	—

Shareholding

quarter to 30 Jun · none pledged · NSE filings

Promoters hold 58.2%, foreign portfolio investors 9.5%, mutual funds 11.4% and insurance companies 8.6%, as filed for the quarter to 30 Jun.

58.2%9.5%11.4%

By category, last 5 quarterspercent of shares · beneath each figure, the change in percentage points against the previous quarter on file

Shareholding of BHEL by category over the last 5 quarters with the change against the previous quarter
Category	30 Jun	31 Mar	31 Dec	30 Sept	30 Jun
Promoters	58.170.00 pp	58.17▼ −5.00 pp	63.170.00 pp	63.170.00 pp	63.17
Foreign portfolio investors	9.52▲ +2.29 pp	7.23▲ +0.95 pp	6.28▲ +0.05 pp	6.23▼ −0.13 pp	6.36
Mutual funds	11.40▼ −1.48 pp	12.88▲ +4.04 pp	8.84▲ +1.20 pp	7.64▲ +0.14 pp	7.50
Insurance companies	8.57▼ −0.13 pp	8.70▲ +0.36 pp	8.34▼ −0.68 pp	9.02▲ +0.16 pp	8.86
Banks and financial institutions	2.45▲ +0.04 pp	2.41▼ −0.11 pp	2.52▲ +0.56 pp	1.96▼ −0.13 pp	2.09
Individual investors	8.76▼ −1.00 pp	9.76▼ −0.23 pp	9.99▼ −1.14 pp	11.13▼ −0.02 pp	11.15
Bodies corporate	0.44▲ +0.01 pp	0.43▲ +0.06 pp	0.370.00 pp	0.37▼ −0.01 pp	0.38
Others	0.69▲ +0.25 pp	0.44▼ −0.05 pp	0.49▲ +0.01 pp	0.48▼ −0.01 pp	0.49

Corporate actions

next results meeting 14 Oct · NSE and BSE records

Nothing upcoming on record; the board meets for results on 14 Oct 2026.

Actionsex-dates · upcoming first, then the last eight · dividends in rupees a share, bonus and split as ratios

Corporate actions of BHEL, upcoming first, then the most recent
Ex-date	Action	Amount or ratio	Record date	Source
recent
17 Jul 2026	dividend	₹1.40	17 Jul 2026	BSE
1 Aug 2025	dividend	₹0.50	1 Aug 2025	BSE
9 Aug 2024	dividend	₹0.25	9 Aug 2024	BSE

Calendaras notified to the exchange

Next results: 14 Oct 2026Financial Results Board Meeting for Unaudited Financial Results for & upto the quarter ended
Dividends in 365 days: ₹2.80a share · ex-dates inside the year
Last dividend: ₹1.40ex-date 17 Jul 2026

Price history

272 sessions on record · to 1 Oct · NSE end of day

BHEL is −1.5% over 20 sessions against Nifty's −6.2%, 5.7% below its 52-week high, realised volatility 31% annualised.

Returns against Nifty 50longest window first · Nifty 50 over the same sessions

Returns of the stock and Nifty 50 over six windows, longest first
Window	From ₹	BHEL %	Nifty 50 %	Difference pp
250 sessionssince 26 Sept	₹231.01	▲ +82%	▼ −9.1%	+91
120 sessionssince 9 Apr	₹277.19	▲ +52%	▼ −5.7%	+58
60 sessionssince 8 Jul	₹377.82	▲ +11%	▼ −6.1%	+18
20 sessionssince 2 Sept	₹427.50	▼ −1.5%	▼ −6.2%	+4.7
5 sessionssince 24 Sept	₹415.35	▲ +1.4%	▼ −2.8%	+4.1
1 sessionsince 30 Sept	₹415.52	▲ +1.3%	▼ −0.88%	+2.2

Averages of the closeclose against each average

5-session average: ₹416.14close +1.2% from it
20-session average: ₹423.58close −0.61% from it
50-session average: ₹419.41close +0.38% from it
200-session average: ₹346.17close +22% from it

Range and volumetrue range over 14 sessions · high to low over 20 · volume against the 20-session average

Average true range, 14: ₹133.1% of the close
Average day's range, 20: ₹122.9% of the close
Volume against 20 sessions: 2.02×1.3 cr vs 66 L average

Volatility and co-movement with Nifty 50annualised from daily log returns · counts share one denominator per cell

Realised volatility, 20: 31%≈ ±2.0% a session · moved more than that on 5 of 20
Realised volatility, 60: 32%≈ ±2.0% a session · moved more than that on 17 of 60
Realised volatility, 250: 37%≈ ±2.3% a session · moved more than that on 75 of 250
Beta to Nifty, 60: 0.52moved with Nifty on 29 of 60 sessions
Beta to Nifty, 250: 1.15moved with Nifty on 156 of 250 sessions

Up and down sessionscloses above and below the previous close

Last 20 sessions: 10 up · 10 downof 20
Last 60 sessions: 29 up · 30 downof 59
Last 250 sessions: 139 up · 108 downof 247
Best session, 250: ▲ +7.0%4 May
Worst session, 250: ▼ −10%8 Jan

43 bulletins on BHEL

latest 19 Sept 2026

Beats in the coverage

Often mentioned with

September 2026

19 Sept BHEL and Titagarh form joint venture for Vande Bharat maintenanceBHEL and Titagarh Rail Systems formed a joint venture to maintain 80 Vande Bharat sleeper trains for 35 years, part of a ₹24,000 cr contract with Indian Railways. The JV will have a 50:50 ownership structure, enhancing service capabilities in the rail sector.High 17 Sept BHEL and Titagarh form JV for Vande Bharat maintenanceBHEL and Titagarh Rail Systems signed a 50:50 joint venture for the maintenance of 80 Vande Bharat Sleeper Trainsets over 35 years. This agreement marks BHEL's strategic shift into high-margin lifecycle-support services following its recent profitability turnaround.Medium 16 Sept BHEL forms joint venture with Titagarh for Vande Bharat maintenanceBHEL and Titagarh Rail Systems signed a 50:50 joint venture for the maintenance of 80 Vande Bharat Sleeper Trainsets over 35 years. This move supports BHEL's transition into high-margin lifecycle services following its profitability turnaround in Q1 FY27.Medium 16 Sept BHEL forms joint venture with Titagarh for Vande Bharat maintenanceBHEL and Titagarh Rail Systems signed a 50:50 joint venture for maintaining 80 Vande Bharat Sleeper Trainsets over 35 years. This move supports BHEL's transition to high-margin lifecycle services following its profitability turnaround in Q1 FY27.Medium

July 2026

29 Jul BHEL secures order from Dangote Group for gas turbinesBHEL has secured an order from Dangote Petroleum Refinery for eight gas turbine generator packages, including supply and commissioning supervision. This highlights BHEL's competitive position in international markets and strengthens its order book.High 17 Jul BHEL shares reach 52-week high after strong Q1 resultsBHEL shares reached a 52-week high of ₹446.50 after reporting a net profit of ₹376.71 crore in Q1 FY27, reversing last year's loss. Revenue surged 40.3% to ₹7,697.72 crore, driven by strong performance in the power segment.High 14 Jul Upcoming dividends and stock splits for TCS, Kotak, BHELBharat Heavy Electricals Ltd will trade ex-date on 17 July with a final dividend of ₹1.40 per share. Other companies like TCS, Kotak Mahindra Bank, and Dabur India are also set for corporate actions this week, impacting trading sentiment.Medium 10 Jul BHEL Board to review Q1 results on July 16BHEL will review its Q1 FY27 results on 16 July 2026, focusing on its ₹1.65 Lakh Cr order book. The meeting highlights the company's strategic shift towards executing high-margin projects amid India's expanding energy infrastructure.Medium 4 Jul BHEL credit rating upgraded to CRISIL AA with stable outlookBHEL's credit rating has been upgraded to CRISIL AA with a stable outlook, reflecting improved operational performance. The short-term rating is reaffirmed at A1+. Key financials include revenue of ₹33,782 cr and net profit of ₹1,600 cr.Medium 4 Jul BHEL credit rating upgraded to CRISIL AA with stable outlookBHEL received a credit rating upgrade from CRISIL to AA (Stable), with a reaffirmed short-term rating of A1+. The upgrade reflects improved operational performance, with revenue at ₹33,782 cr and net profit of ₹1,600 cr, potentially boosting investor confidence.Medium 3 Jul BHEL's credit rating upgraded to CRISIL AA / StableBHEL's credit rating was upgraded to CRISIL AA / Stable by CRISIL Ratings, reflecting improved operational performance with FY 2025-26 revenue of ₹33,782 cr and net profit of ₹1,600 cr. This is BHEL's second upgrade in recent weeks, boosting its financial standing.Medium

May 2026

14 May Cabinet approves ₹37,500 crore coal gasification schemeThe Union Cabinet approved a ₹37,500 crore coal gasification scheme targeting 75 million tonnes of coal. This initiative aims to mobilize ₹2.5–3 lakh crore in investments, benefiting companies like Coal India, BHEL, and JSPL.High 14 May Cabinet approves ₹37,500 crore coal gasification schemeThe Union Cabinet approved a ₹37,500 crore scheme for coal gasification, targeting 75 million tonnes of coal. This initiative aims to reduce India's reliance on LNG and other imports, with major beneficiaries including Coal India, BHEL, and JSPL.High 5 May BHEL Q4 net profit rises 156%, shares reach 52-week highBHEL reported a 156% increase in Q4 net profit to ₹1,290 crore, with revenue rising 37% to ₹12,310 crore. The board declared a final dividend, and shares reached a 52-week high, indicating robust market performance.High 4 May BHEL Q4 profit nearly triples to ₹1,290 croreBHEL reported a 156% YoY profit increase to ₹1,290 crore for Q4 FY26, with revenue rising 37% to ₹12,310 crore. The company declared a final dividend of ₹1.40 for FY26, showcasing robust financial performance.High 4 May Q4 earnings: 47 firms including BHEL and Ambuja Cement on May 4On 4 May 2026, 45 companies including BHEL, Ambuja Cement, and Jindal Stainless will report Q4 earnings, with many expected to recommend dividends. This could significantly impact market sentiment and trading strategies.Medium 3 May Q4 earnings on May 4 for 47 firms including BHEL and AmbujaOn 4 May 2026, 45 companies including BHEL and Ambuja Cement will announce their Q4 earnings. Many boards are expected to recommend dividends, potentially influencing market sentiment and trading strategies.Medium 2 May BHEL board to review Q4 results and dividend next weekBHEL will meet on 4 May 2026 to review Q4 results and consider a dividend for FY 2025-26. The stock has gained 42.03% in the past month and closed at ₹352.40, following a 189.8% YoY net profit increase to ₹390.40 crore.High

March 2026

28 Mar India relaxes BHEL tender rules for foreign biddersIndia's government has relaxed tender rules for Bharat Heavy Electricals Limited, allowing foreign bidders to participate. This change aims to secure essential supplies for BHEL's ₹2.23 lakh crore order book, enhancing access to critical components.Medium 28 Mar India relaxes BHEL tender rules for foreign biddersIndia's government has relaxed tender rules for Bharat Heavy Electricals Limited, allowing foreign bidders to participate. This change aims to secure essential supplies, with BHEL's order book at ₹2.23 lakh crore and new orders projected at ₹45,900 crore by FY26.Medium 22 Mar BHEL to invest ₹3,064 crore in Coal India joint ventureBHEL announced an investment of ₹3,064 crore in a joint venture with Coal India to establish a coal-to-ammonium nitrate plant. This aligns with government efforts to promote coal gasification and reduce chemical imports.Medium

February 2026

22 Feb BHEL secures major defence contracts for fighter jet projectsBHEL secured significant contracts from the Aeronautical Development Agency for the LCA Mk2 and AMCA fighter jet projects, enhancing India's defence manufacturing capabilities. This partnership aims to reduce import dependence and strengthen national security.High 22 Feb Major orders worth ₹7,000 crore announced this weekIndian companies secured orders worth ₹7,000 crore this week, with Cochin Shipyard winning a ₹3,267 crore contract from CMA CGM Group. This boosts Cochin Shipyard's order book to ₹23,000 crore, reflecting strong demand in the energy and infrastructure sectors.High 22 Feb Indian firms secure major global orders in industrial sectorsCochin Shipyard secured a ₹3,267 crore contract for LNG vessels from CMA CGM, boosting its order book to ₹23,000 crore. BHEL also clinched a power plant project worth ₹1,200 to ₹1,500 crore, highlighting India's growing industrial presence globally.High 21 Feb Indian firms secure global orders boosting industrial capabilitiesIndian companies are securing major global orders, including Cochin Shipyard's ₹3,267 cr contract for LNG vessels. This reflects India's growing industrial capabilities and a shift in international sourcing strategies, potentially impacting investor sentiment in the sector.High 18 Feb BHEL secures ₹1,200-1,500 crore contract from SAILBHEL secured a ₹1,200-1,500 crore contract from SAIL for a captive power plant at IISCO Steel Plant, to be executed over 39 months. This project enhances BHEL's position in the power generation sector.High 18 Feb BHEL secures ₹1,200-1,500 crore contract from SAILBHEL secured a captive power plant contract from SAIL valued between ₹1,200-1,500 crore, enhancing its role in the power generation sector. The project will be executed over 39 months at the IISCO Steel Plant in Burnpur.High 17 Feb Government plans 5% stake sale in BHEL through OFSThe Indian government plans to offload 174.2 million shares of Bharat Heavy Electricals Ltd (BHEL), raising ₹4,470 cr at ₹259.59 per share. This move aligns with the Draft National Electricity Policy aimed at boosting the renewable energy sector.Medium 16 Feb Government plans 5% stake sale in BHELThe Indian government plans to offload 174.2 million equity shares of BHEL, representing 5% of total equity, through an OFS valued at ₹4,470 cr. This move supports investments in renewable energy and aligns with the Draft National Electricity Policy, 2026.Medium 14 Feb Government sells 5% stake in BHEL for ₹3,500 crThe Government of India sold a 5% stake in Bharat Heavy Electricals Limited (BHEL) for over ₹3,500 cr through an Offer for Sale on 11-12 Feb 2026. This move opens opportunities for retail investors and employees.High 14 Feb Government sells 5% stake in BHEL for ₹3,500 crThe Government of India sold a 5% stake in Bharat Heavy Electricals Limited (BHEL) through an Offer for Sale, raising over ₹3,500 cr. This sale involved 17,42,09,815 equity shares and opened opportunities for retail investors and employees.High 13 Feb Government to sell BHEL stake via OFS for retail investorsThe government has launched an OFS for BHEL shares at ₹254, targeting a 5% stake sale. This initiative aims to raise funds while supporting the company's stability amidst strong demand in the power sector.Medium 12 Feb Bhel stake sale oversubscribed on first dayThe government's stake sale in Bharat Heavy Electricals Ltd was oversubscribed two times on the first day, with institutional bids exceeding ₹5,650 crore for over 22.07 crore shares. The base issue size is 9.40 crore shares at a floor price of ₹254 per share.High 11 Feb BHEL secures ₹2800 crore contract for syngas purification plantBHEL secured a ₹2800 crore contract from BCGCL for a Syngas Purification Plant, enhancing its order book. The project is part of the Coal to 2000 TPD Ammonium Nitrate Project in Odisha, awarded on 10 Feb 2026.High 11 Feb BHEL shares decline 6% on government stake sale announcementBHEL shares dropped 6.1% to ₹259.25 after the government announced a 5% stake sale via an Offer For Sale. The floor price is set at ₹254 per share, with a total disinvestment of 5% including a green shoe option.Medium 11 Feb BHEL secures ₹2800 crore contract for syngas purification plantBHEL has secured a ₹2800 crore contract from BCGCL for a Syngas Purification Plant, enhancing its order book. This project is part of a larger initiative in Odisha, showcasing BHEL's capabilities in coal gasification technology.High 6 Feb SJVN awards ₹837 crore contract to BHEL for hydro projectSJVN Limited awarded a ₹837.43 crore contract to BHEL for Electro-Mechanical works on the 382 MW Sunni Dam Hydro Electric Project, scheduled for completion by 31 July 2029. This move strengthens SJVN's position in the energy sector.High 5 Feb BHEL secures ₹1,200 cr contract from Hindalco IndustriesBHEL secured a letter of intent from Hindalco Industries for a contract worth ₹1,200 cr to ₹1,500 cr. The project involves design and supply of a 2x150 megawatt boiler and turbine package, potentially boosting BHEL's revenue.High 5 Feb BHEL secures ₹1,200–1,500 cr LOI for Odisha projectBHEL secured a Letter of Intent from Hindalco Industries for the Aditya Expansion Project Phase II in Odisha, valued at approximately ₹1,200–1,500 cr. The project involves the commissioning of a 2 × 150 MW Boiler-Turbine-Generator package over 35 to 37 months.High 4 Feb BHEL secures ₹1,200–1,500 cr LOI for Odisha projectBHEL secured a Letter of Intent from Hindalco for the Aditya Expansion Project in Odisha, valued at ₹1,200–1,500 cr. The project involves the commissioning of 2 × 150 MW BTG units, with Unit 1 expected in 35 months.High

December 2025

16 Dec BHEL pays ₹110 crore final dividend to governmentBHEL declared a final dividend of ₹109.98 crore for FY 2024-25, a 100% increase from the previous year. The total dividend to shareholders is ₹174.10 crore, contributing to a 21% YTD stock gain.Medium 2 Dec Nuclear energy mission boosts capex for L&T, BHEL, and othersHigh

November 2025

16 Nov Hitachi Energy and BHEL sign novation agreement with Adani GroupMedium

About Bharat Heavy Electricals Limited

exchange masters as of 18 Sept 2026 · classification by BSE

Company: Bharat Heavy Electricals Limited
Exchange: NSE · BSE 500103, group A
Listed on NSE: 11 Nov 2003
Classification: Industrials › Capital Goods › Electrical Equipment › Heavy Electrical Equipment
Index: BSE 200
Face value: ₹2 a share
ISIN: INE257A01026
Sessions on record: 272
Price source: NSE UDiFF bhavcopy · end of day · delayed
Filings: NSE and BSE public disclosures · results, shareholding and corporate actions as filed
Computed: 1 Oct, 09:13 pm IST
Bulletins: 43 · written by the desk · not a recommendation

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