BHEL Secures Rs 118 Bn Order from Chhattisgarh Power Firm

31 Mar 2025 CW Team

The shares of Bharat Heavy Electricals Ltd (BHEL) climbed over 3 per cent on 28 March after the company confirmed receipt of a Letter of Intent (LoI) from Chhattisgarh State Power Generation Company Limited (CSPGCL) for a project valued at Rs 11,800 crore. The shares were trading around Rs 221 apiece.

In a regulatory filing, BHEL stated it had received the LoI for an engineering, procurement and construction (EPC) contract for two 660-megawatt 'Supercritical' thermal power units at the Hasdeo Thermal Power Station, located in Chhattisgarh’s Korba District.

The contract includes the provision of supercritical equipment such as boilers, turbines, generators, and other associated auxiliaries, along with erection, commissioning and related civil works.

Commercial operations at the site, estimated at approximately Rs 11,800 crore excluding taxes and duties, are expected to commence within 60 months.

BHEL shares extended gains for the second straight session, having risen over 5 per cent since the market closed on 26 March. The stock has surged nearly 23 per cent over the past month. However, it has fallen over 21 per cent in the past six months and declined over 11 per cent over the last year.

BHEL stock has rebounded significantly since hitting its 52-week low of Rs 176 on 3 March. However, it remains well below its 52-week high of Rs 335.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..