The shares of the Midcap company specializing in the design, engineering, manufacturing, and servicing of heavy electrical equipment are in focus upon signing a contract with Rajasthan Part I Power Transmission Ltd.
Price action
With a market capitalization of Rs. 75,908.98 crores on Friday, the shares of Bharat Heavy Electricals Limited jumped upto 1.3 percent, making a high of Rs. 221.75 per share compared to its previous closing price of Rs. 218.70 per share.
What Happened
Bharat Heavy Electricals Limited, in partnership with Hitachi Energy India, has signed a contract with Rajasthan Part I Power Transmission Ltd. The order intends to design and execute a 6,000 MW, ±800 kV HVDC terminal station for transmitting renewable energy from Bhadla (Rajasthan) to Fatehpur (Uttar Pradesh).
The project, expected to be completed by 2029, supports India’s goal of achieving 500 GW of renewable energy by 2030. This marks BHEL’s fourth UHVDC transmission project, with the company providing key equipment like converter transformers, reactors, and thyristor valves from its Electronics Division, Bengaluru.
These valves will be used to convert AC Power at Bhadla into DC power for transmitting it over an HVDC transmission line of over 950 km and then converting it back to AC at the Fatehpur end to evacuate power. Besides these, the company’s Transmission Business Group will design, supply ,and install the mega size 765 kV/400 kV power evacuation system at the Fatehpur terminal and 400 kV AC sub-station at Bhadla and Bhadla Extension.
About the Company
Bharat Heavy Electricals Limited (BHEL) is a leading Indian engineering and manufacturing company specializing in power generation, transmission, and industrial products. It offers turnkey solutions for power projects, including HVDC systems, substations, and renewable energy solutions.
Orderbook segmentation
As of the latest data, BHEL’s outstanding order book totals over Rs. 1,60,000 Crore, with 79 percent from the power sector (Rs. 1,25,984 Crore), 19 percent from the industry sector (Rs. 30,682 Crore), and 2 percent from exports (Rs. 3,763 Crore).
Financials
The company’s revenue rose by 31.88 percent from Rs. 5,599.63 crore to Rs. 7,385 crore in Q3FY24-25. Meanwhile, Net profit rose from a loss of Rs. 148.77 crore to a profit of Rs. 134.7 crore during the same period.
Written by Sridhar J
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