Bharat Heavy Electricals Ltd (BHEL)

Bharat Heavy Electricals Partners with NTPC for Power Plants - 24 Jul, 2024

Shares of Bharat Heavy Electricals rose after the announcement of a joint venture with NTPC to set up 800 MW of supercritical thermal power plants using advanced ultra-supercritical technology.

BHEL Shares Rise After Partnership Announcement - 23 Jul, 2024

Shares of BHEL rose by nearly 3% to Rs 314.25 following the announcement of a partnership with NTPC to set up an ultra-critical thermal power plant using AUSC technology, as part of the Energy Security Scheme in the Union Budget. The government will provide fiscal support for the same.

BHEL Secures Major Contracts and Analysts Give BUY Rating - 22 Jul, 2024

Bharat Heavy Electricals Limited (BHEL) has secured a Rs. 13,300 crore contract for a thermal power plant in Jharkhand and won orders for Vande Bharat trains and gun mounts. ICICI Securities and Nuvama have given BHEL a BUY rating with price targets of Rs. 370 and Rs. 400 respectively.

Bharat Heavy Electricals Faces Hurdles with Project Bids - 19 Jul, 2024

Bharat Heavy Electricals faces hurdles as no financial bids were submitted for a project, with potential bidders seeking additional assurances from the government.

BHEL Stock Shows Bullish Signs - 16 Jul, 2024

Bharat Heavy Electricals Ltd (BHEL) has formed a strong bullish candle on the weekly scale and is consolidating at higher levels. The stock is expected to break out above 315 zones, with good buying interest visible across PSU stocks. Traders are advised to buy BHEL with a stop loss below 312 levels for a new lifetime high target towards 350 zones.

BHEL Stock Breaks Out of Consolidation Range - 15 Jul, 2024

Experts suggest short-term traders can buy BHEL stock for a target of Rs 365 in the next few weeks as it broke out from a narrow consolidation range since May 2024 on daily charts, creating potential for new 52-week highs. The stock rose by 256% in one year.

BHEL Market Cap Inflated Despite Lack of Profit Opportunities - 13 Jul, 2024

A Kotak Institutional Equities report identifies companies with inflated market caps despite a lack of profit opportunities, including BHEL. Meanwhile, the Singapore government has bought a 1.3% stake in BHEL, which reported Q4FY24 revenue of Rs 8,260 crore and net profit of Rs 490 crore.

BHEL to Sign Technical Collaboration Agreement with Oil Well Ltd. for Off-Shore Drilling Rigs - 12 Jul, 2024

Bharat Heavy Electricals Ltd. will collaborate with Oil Well Ltd. of USA to manufacture oil drilling rigs needed for off-shore exploration. BHEL will be the coordinating agency, using capacity available in public and private sector engineering units to make sub-assemblies and components.

Bharat Heavy Electricals in Focus Amidst Coal Projects & Analyst Call - 10 Jul, 2024

Bharat Heavy Electricals Ltd. is in focus as the coal ministry approves stage 2 bidding for coal gasification projects with Rs 8,500 crore allocation from the Centre. Prabhudas Lilladher has reduced its call on the company with a target price of Rs 264. Additionally, Coal India has partnered with Bhel to set up Bharat Coal Gasification and Chemicals (BCGCL) with an estimated project cost of around Rs 11,782 crore.

Kotak Questions BHEL's Market Cap Amidst Strong Rally - 08 Jul, 2024

Kotak Institutional Equities highlights a clear disconnect between narratives and numbers for certain stocks' market caps, including BHEL. The company's recent stock price run-up has resulted in an addition of Rs 77,800 crore in market capitalization over the past year, far exceeding its hypothetical profit pool. Kotak finds the valuations of many PSU stocks quite bizarre when compared with their fundamentals.

BHEL Shares Surge; ICICI Direct Recommends Buying - 05 Jul, 2024

Bharat Heavy Electricals Ltd (BHEL) shares have gained 26% over the past month, leading to an annual gain of 234%. Despite enticing revenue growth figures that outpace the industry, BHEL's P/S ratio remains high. ICICI Direct Research recommends buying BHEL shares with a target price of Rs 325.

BHEL Likely to Secure Contracts Worth $33 Billion - 04 Jul, 2024

Bharat Heavy Electricals Ltd is expected to secure most of the contracts for new equipment worth $33 billion that India has asked power companies to order this year. Additionally, BHEL's stock rose after the government approved a joint venture with Coal India for a coal gasification project.

BHEL Expected to Win Contracts for New Equipment - 03 Jul, 2024

State-run Bharat Heavy Electricals Ltd (BHEL) is expected to win most of the contracts for new equipment as it had won all power equipment contracts in auctions last year.

Welspun Specialty Solutions Bags Rs 117 Crore Order from Bharat Heavy Electricals - 01 Jul, 2024

Bharat Heavy Electricals has awarded a Rs 117-crore order to Welspun Specialty Solutions for seamless stainless steel boiler tubes supply to NTPC Talcher thermal power project. The project is expected to be executed by December 2024.

BHEL Secures Contract for Thermal Power Plant Project - 28 Jun, 2024

Bharat Heavy Electricals Ltd (BHEL) has secured a Rs 13,300-crore contract to set up a 1,600 MW thermal power plant in Koderma, Jharkhand. BHEL's shares surged by 3% following the announcement of the project.

BHEL Wins Rs 13,300 Crore Order for Thermal Power Plant - 27 Jun, 2024

State-owned engineering firm BHEL has won a Rs 13,300 crore order from Damodar Valley Corporation to set up a 1600 MW thermal power plant in Koderma, Jharkhand. The project is expected to increase DVC's installed thermal generation capacity to 8140 MW by 2030 and will have a substantial impact on the local economy.

Bharat Heavy Electricals Bids for Nuclear Reactor Construction - 26 Jun, 2024

Bharat Heavy Electricals has submitted a bid for the construction of two 700 MW electrical reactors at Kaiga in Karnataka, as part of the latest tender floated by the Nuclear Power Corporation of India.

Welspun Specialty Solutions Ltd to Supply Boiler Tubes for NTPC Talcher Project - 25 Jun, 2024

Bharat Heavy Electricals Limited (BHEL) has notified Welspun Specialty Solutions Ltd as the L1 bidder for the supply of seamless stainless steel boiler tubes worth ~Rs. 117 Crores (including GST) for National Thermal Power Corporation's Talcher 2 x 660 MW Supercritical Thermal Power Project.