BHEL Wins Rs 26 Billion Order From MB Power

09 Sep 2025 CW Team

Bharat Heavy Electricals Ltd (BHEL) has secured a major order valued at approximately Rs 26 billion from MB Power (Madhya Pradesh) Ltd for the supply of critical equipment to a thermal power project.

The order pertains to a 1x800 MW supercritical technology-based power unit at Anuppur in Madhya Pradesh. As per the exchange filing made on Wednesday, BHEL will be responsible for supplying the boiler, turbine, and generator package required for the project.

The manufacturing of the boiler and turbine generator will take place at BHEL’s facilities in Tiruchirappalli and Haridwar, respectively. The timeline for the supply and execution of the equipment has been set at 58 months.

Ahead of the announcement, BHEL shares closed 0.72 per cent higher at Rs 216.97 apiece on the National Stock Exchange, outperforming the benchmark Nifty, which rose by 0.55 per cent. Despite the recent uptick, BHEL’s stock has seen a decline of 24.23 per cent over the past year and 5.42 per cent on a year-to-date basis.

Analyst sentiment remains mixed: of the 19 analysts tracking the company, eight maintain a ‘buy’ rating, another eight recommend ‘sell’, and three suggest ‘hold’. Bloomberg data shows that the average 12-month target price implies a potential downside of 24.1 per cent.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..