BHEL shares up 3% on 10-year hydrogen fuel cell pact
ECONOMY & POLICY

BHEL shares up 3% on 10-year hydrogen fuel cell pact

Bharat Heavy Electricals (BHEL) shares rose over 3% recently after the company signed a 10-year exclusive memorandum of understanding (MoU) with Singapore-based Horizon Fuel Cell Technologies. The partnership marks BHEL’s entry into the hydrogen fuel cell market.

Under the agreement, both companies will jointly develop hydrogen fuel cell-powered rolling stock and collaborate on business sharing and operations. The move is expected to strengthen BHEL’s presence in clean energy and sustainable transport.

Earlier this month, BHEL also signed a License Agreement for Transfer of Technology (LAToT) with DRDO’s Defence Metallurgical Research Laboratory (DMRL), Hyderabad. The deal enables BHEL to manufacture fused silica radar domes using advanced pressing and sintering technology.

In Q1 FY26, the company reported consolidated revenue of Rs 548.69 crore, largely unchanged from Rs 548.49 crore a year earlier. However, net loss widened to Rs 455.5 crore from Rs 211.4 crore in Q1 FY25 due to a 10.8% rise in raw material and service costs. BHEL’s market capitalisation stands at Rs 75,891.57 crore.

Bharat Heavy Electricals (BHEL) shares rose over 3% recently after the company signed a 10-year exclusive memorandum of understanding (MoU) with Singapore-based Horizon Fuel Cell Technologies. The partnership marks BHEL’s entry into the hydrogen fuel cell market.Under the agreement, both companies will jointly develop hydrogen fuel cell-powered rolling stock and collaborate on business sharing and operations. The move is expected to strengthen BHEL’s presence in clean energy and sustainable transport.Earlier this month, BHEL also signed a License Agreement for Transfer of Technology (LAToT) with DRDO’s Defence Metallurgical Research Laboratory (DMRL), Hyderabad. The deal enables BHEL to manufacture fused silica radar domes using advanced pressing and sintering technology.In Q1 FY26, the company reported consolidated revenue of Rs 548.69 crore, largely unchanged from Rs 548.49 crore a year earlier. However, net loss widened to Rs 455.5 crore from Rs 211.4 crore in Q1 FY25 due to a 10.8% rise in raw material and service costs. BHEL’s market capitalisation stands at Rs 75,891.57 crore.

Next Story
Infrastructure Urban

PM Modi Launches Rs 1.22 Trillion Development Projects in Banswara

Prime Minister Shri Narendra Modi inaugurated and laid the foundation stone for development works worth over Rs 1.22 trillion in Banswara, Rajasthan, on the fourth day of Navratri. During his visit to the sacred land of Maa Tripura Sundari and Maa Mahi, the Prime Minister paid homage to the region’s spiritual heritage and highlighted the resilience of India’s tribal communities, inspired by the legacy of Mahayogi Govind Guru Ji.Shri Modi emphasised energy generation as a national priority, announcing power projects exceeding Rs 900 billion across Rajasthan, Madhya Pradesh, Andhra Pradesh, ..

Next Story
Infrastructure Urban

GeM Launches Campaign to Boost Transparency and Fair Trade

The Government e-Marketplace (GeM) has launched a special campaign during Vigilance Awareness Week titled “GeM Ki Sunien, Satark Rahein, Zimmedar Banein,” reinforcing its commitment to transparency, integrity, and ethical practices in public procurement.The initiative aims to educate and empower buyers to adopt best practices and comply with rules while enabling sellers—including last-mile entrepreneurs, startups, and micro and small enterprises (MSEs) from Tier-2 and Tier-3 cities—to access secure and transparent opportunities. GeM’s safeguards, such as red-flag alerts, structured b..

Next Story
Infrastructure Urban

DoT, FIU-IND Join Forces to Curb Telecom-Based Frauds

The Department of Telecommunications (DoT) and the Financial Intelligence Unit-India (FIU-IND) have signed a comprehensive Memorandum of Understanding (MoU) to strengthen information sharing and coordination, marking a major step in India’s fight against telecom misuse in cyber-crimes and financial fraud.The MoU was signed by Shri Sanjeev Kumar Sharma, Deputy Director General (AI & Digital Intelligence Unit – DIU), DoT, and Shri Amit Mohan Govil, Director, FIU-IND, in the presence of Dr. Neeraj Mittal, Secretary (Telecom), and Shri Arvind Shrivastava, Secretary (Revenue). The agreement..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?