BHEL Wins Rs 65 Billion Adani Order for Six 800 MW Units

02 Jul 2025 CW Team

Bharat Heavy Electricals Ltd (BHEL) has secured a Letter of Award from Adani Power Ltd for the construction of six 800 MW thermal power units, together worth Rs 65 billion. Under the contract, BHEL will supply steam turbine generator sets with auxiliaries and supervise erection, testing and commissioning across the six units.

The announcement came after market hours on Friday. Earlier in the session BHEL’s shares closed marginally lower at Rs 264.05, down 0.21 per cent on the BSE. Technical analyst Mileen Vasudeo of Arihant Capital recommends holding the stock with a stop loss at Rs 239 and sees scope for Rs 272–283 in the coming weeks.

Technically, the scrip remains above all key simple moving averages from five day to 200 day. Its 14 day Relative Strength Index stands at 63.36, comfortably below the overbought threshold of 70. BSE data show a price to earnings ratio of 179.63, a price to book value of 3.74, earnings per share of 1.47 and return on equity of 2.09. Trendlyne places its one year beta at 1.71, indicating higher than average volatility.

BHEL, one of India’s largest engineering enterprises, designs, manufactures and services more than 180 products for critical sectors. Promoters held 63.17 per cent of the company as at March 2025.

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