Bharat Heavy Electricals Ltd Share Price – NSE  / BSE

Capital Goods - Electrical Equipment, Mid Cap

Bharat Heavy Electrical announced that S Jithender Reddy, Executive Director (HPVP), Visakhapatnam has superannuated from the services of the Company on 23 November 2024.

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Under this contract, BHEL’s scope of work includes design, engineering, manufacturing, supply, erection, commissioning, and civil construction.

Presently, BHEL has received a limited notice to proceed (LNTP) from NTPC for initiating the basic engineering work of Main plant package for this upcoming supercritical thermal power plant.

This project further strengthens BHEL’s enduring partnership with NTPC, where BHEL has contributed over 57% of NTPC’s thermal power installations nationwide.

State-run Bharat Heavy Electricals (BHEL) is engaged in design, engineering, construction, testing, commissioning and servicing of a wide range of products and services to the core sectors of economy. As of 30 September 2024, the Government of India held 63.17% stake in the company.

The scrip fell 2.36% to currently trade at Rs 233.55 on the BSE.

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Dr. K. Sivaprasad, Part-Time Non-Official (Independent) Director has ceased from the position of the board of Bharat Heavy Electricals on completion of his tenure on 01.11.2024.

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Net profit of Bharat Heavy Electricals reported to Rs 106.15 crore in the quarter ended September 2024 as against net loss of Rs 63.01 crore during the previous quarter ended September 2023. Sales rose 28.46% to Rs 6584.10 crore in the quarter ended September 2024 as against Rs 5125.29 crore during the previous quarter ended September 2023.

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