Bharat Heavy Electricals Ltd Share Price – NSE /  BSE

Capital Goods - Electrical Equipment, Mid Cap

BHEL said it has received a letter of acceptance from Bharat Coal Gasification and Chemicals for setting up a coal gasification and raw syngas cleaning plant under the LSTK-1 package at Lakhanpur in Odisha. The project is part of BCGCL's coal-to-2000 TPD ammonium nitrate facility.

The scope of work includes design, engineering, supply of equipment, civil works, erection, commissioning and operations and maintenance services. Preliminary acceptance is scheduled within 42 months from the date of the order, followed by O&M services for 60 months.

BCGCL is a joint venture between BHEL and Coal India, and the contract qualifies as a related-party transaction executed at arm?s length, the company said. The sizeable order boosted investor sentiment, lifting the stock sharply in trade.

Separately, the company said it has commenced supply of semi high speed underslung traction converters for the Vande Bharat Sleeper Train project, marking its entry into the semi high speed propulsion segment. The first set has been dispatched from its Bengaluru plant to Kolkata for final assembly under the BHEL-led consortium with Titagarh Rail Systems, with traction motors and transformers developed at its Bhopal and Jhansi units.

BHEL is an integrated power plant equipment manufacturer catering to sectors such as power, transmission, transportation, renewable energy, oil and gas and defence. The company reported a 253.17% YoY jump in consolidated net profit to Rs 374.89 crore in Q2 FY26, while revenue rose 14.06% to Rs 7,511.80 crore.

Shares of BHEL had slumped 10.34% in the previous session.

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Bharat Heavy Electricals (BHEL) has achieved a major milestone in its 'Make in India' initiatives for the rail transportation sector by commencing supply of underslung traction converters for the prestigious Vande Bharat Sleeper Train project being executed by BHEL led consortium with TRSL.

Significantly, this marks BHEL's strategic entry into the semi-high-speed propulsion segment. The traction converters are being despatched to Kolkata for final assembly of the Vande Bharat Sleeper Trains. In addition, other major propulsion equipment such as traction motors and transformers for these trains have been developed and manufactured by its Bhopal and Jhansi units.

Equipped with state-of-the-art IGBT-based traction converters, the underslung design places the propulsion equipment beneath the train car, freeing up significant onboard space for passenger amenities and increasing the overall payload capacity of the train.

Key highlights of the propulsion system include operational speed of up to 160 kmph with design speed of 176 kmph, and high-efficiency power conversion utilizing advanced thermal management to ensure reliability during long-distance overnight journeys.

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Bharat Heavy Electricals will hold a meeting of the Board of Directors of the Company on 19 January 2026.

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Bharat Heavy Electricals Ltd is up for a third straight session today. The stock is quoting at Rs 292, up 1.58% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.1% on the day, quoting at 26156.4. The Sensex is at 85236.73, up 0.02%. Bharat Heavy Electricals Ltd has gained around 2.28% in last one month.

Meanwhile, Nifty Energy index of which Bharat Heavy Electricals Ltd is a constituent, has gained around 0.02% in last one month and is currently quoting at 35325.65, up 0.4% on the day. The volume in the stock stood at 50.51 lakh shares today, compared to the daily average of 59.68 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 293.45, up 1.47% on the day. Bharat Heavy Electricals Ltd is up 25.46% in last one year as compared to a 8.14% jump in NIFTY and a 0.7% jump in the Nifty Energy index.

The PE of the stock is 184.29 based on TTM earnings ending September 25.

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