BHEL, Nuovo Pignone Sign 10-Year Deal for Compressor Revamps

15 Apr 2025 CW Team

Bharat Heavy Electricals Ltd (BHEL) has entered into a strategic Memorandum of Understanding (MoU) with Italy-based Nuovo Pignone International s.r.l. to jointly explore compressor revamp opportunities in India’s fertiliser sector. The agreement, signed on April 9, 2025, will remain in force for 10 years, with a provision for extension by mutual consent.

Under the MoU, BHEL will take the lead role in bidding for targeted compressor train revamp projects, while Nuovo Pignone will serve as the nominated vendor with a clearly defined scope of work. The agreement does not involve any equity transfer or the formation of a joint venture, and no upfront payments have been exchanged.

The collaboration is expected to enhance BHEL’s market share in the fertiliser sector’s maintenance and repair segment, with the company targeting up to 50 per cent of the business share in financial terms.

Financially, BHEL reported strong year-on-year growth in the third quarter. Net profit rose 170 per cent to ?124 crore, while revenue climbed 32 per cent to Rs 72.77 billion. While revenue exceeded analyst expectations, net profit fell short of the Rs 1.75 billion estimate.

EBITDA rose 40 per cent to Rs 3.04 billion, with margins improving to 4.2 per cent from 3.9 per cent a year ago. However, gains were tempered by a sharp increase in other expenses.

Order inflow during the quarter surged by 167 per cent to Rs 68.60 billion, and BHEL’s total order book rose 47 per cent year-on-year to Rs 1600 billion. Revenue from the power segment increased by 32 per cent to Rs 55.88 billion, while industrial segment revenue was up 33 per cent at Rs 16.88 billion. Both segments reported margin expansions on an annual basis.

Shares of BHEL closed at Rs 211.80 on the BSE, up 0.40 per cent for the day.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..