Total revenue from operations jumped 45.7% to Rs 2,901.32 crore in Q1 FY22 from Rs 1,990.90 crore posted in Q1 FY21. The company reported a pre tax loss of Rs 597.17 crore in Q1 FY22 as compared to a pre tax loss of Rs 1,192.40 crore recorded in Q1 FY21.

The company said it operations were impacted by the second wave of the Covid -19 pandemic and the recovery was seen in the later part of the quarter ended 30 June 2021. Based on its assessment of the business/economic conditions as on date, the company said it expects to recover the carrying value of assets and will continue to evaluate the pandemic-related uncertainty and update its assessment.

State-run 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 June 2021, the Government of India held 63.17% stake in the company.

Shares of BHEL closed 1.25% lower at Rs 59.45 on Friday.

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Net Loss of Bharat Heavy Electricals reported to Rs 445.40 crore in the quarter ended June 2021 as against net loss of Rs 897.15 crore during the previous quarter ended June 2020. Sales rose 43.62% to Rs 2723.82 crore in the quarter ended June 2021 as against Rs 1896.57 crore during the previous quarter ended June 2020.

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Bharat Heavy Electricals will hold a meeting of the Board of Directors of the Company on 30 July 2021..

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Valued at Rs 1,405 crore, the order has been won under NPCIL's fleet mode procurement programme and mandates supply of 12 steam generators for India's highest rated indigenously-developed 700 MWe Pressurized Heavy Water Reactors (PHWR) to be set up at four different locations in the country. The steam generators will be manufactured at the Tiruchirapalli plant of BHEL.

Significantly, this is the second major supply order secured by BHEL through competitive bidding for the fleet mode implementation programme of 10x700 MWe nuclear projects by NPCIL. The first equipment order secured by BHEL under this programme, for the supply of 32 reactor header assemblies, is currently under execution.

BHEL holds the distinction of being the sole Indian company to be associated with all the three stages of the indigenous nuclear power programme of the country and has emerged as the leading partner for NPCIL over four decades now. Notably, nearly 75% of PHWR based nuclear power plants in India are equipped with BHEL-supplied turbine and generator sets (the balance being imported sets).

BHEL has also emerged as the L-1 bidder in another Rs 10,800 crore tender of NPCIL for 6x700 MWe turbine island packages.

State-run 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 31 March 2021, the Government of India held 63.17% stake in the company.

On a consolidated basis, the company reported net loss of Rs 1,034.82 crore in Q4 FY21, lower than net loss of Rs 1,532.67 crore in Q4 FY20. Net sales rose 47% to Rs 6,751.88 crore in Q4 FY21 over Q4 FY20.

The scrip rose 0.07% to currently trade at Rs 67.05 on the BSE.

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