Maharana PSU which is one of the largest engineering and manufacturing companies in India catering to sectors like nuclear power, thermal, transmission, renewable Energy and many more in focus upon receiving work order for thermal power plant.
Price Action
With a market capitalization of Rs. 81,438 Crores, the shares of Bharat Heavy Electricals Limited were trading at Rs. 233.38 per equity share, down 2 percent from its previous day’s close price of Rs. 239.22.
What Happened
Bharat Heavy Electricals Limited (BHEL) has emerged as a successful bidder in a major contract from NTPC Limited for the establishment of the Main plant package of 3×800 MW Telangana Stage-II supercritical thermal power plant.
The scope of work involves Bharat Heavy Electricals Limited engaging in design, engineering, manufacturing, supply, erection, commissioning, and civil construction.
Following this it has received a Limited Notice to Proceed (LNTP) from NTPC Ltd. for initiating the basic engineering work of the Main plant package for this upcoming supercritical thermal power plant.
As India’s foremost power equipment manufacturer, with over 1,68,000 MW of utility power capacity installed across the country, BHEL continues to play a pivotal role in bolstering India’s energy security and supporting the vision of self-reliance in the power sector.
About the Company
Bharat Heavy Electricals Limited (BHEL) is Maharatna CPSE and one of the largest engineering and manufacturing companies in India engaged in the design, engineering, construction, testing, commissioning, and servicing of a wide range of products and services for the core sectors of the economy like nuclear power, thermal, transmission, renewable energy, industry, and many more.
BHEL Limited is a key supplier of various components and equipment required for nuclear power plants, including steam turbines, generators, heat exchangers, and other critical infrastructure.
Financials and Ratios
Its revenue from operations grew by 28.46 percent from Rs. 5,125 Crores in Q2FY24 to Rs. 6,584 Crores in Q2FY25, accompanied by a loss of Rs. 63 Crores to a profit of Rs. 106 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 1.13 percent and a return on capital employed (ROCE) of 3.37 percent. It has reported a debt-to-equity ratio of 0.38.
Written by: Bharath K.S
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