Winning Bizness Desk
Mumbai. Bharat Heavy Electricals Limited (BHEL) has announced that it has received a significant order worth ₹6,500 crore from Adani Power Limited. The company revealed on Friday, June 27, that under this contract, it will be responsible for constructing six thermal power units, each with a capacity of 800 megawatts. This marks one of the substantial deals for BHEL in recent times, expected to add considerable momentum to its project pipeline.
Scope of the Agreement
Beyond building the thermal units, BHEL will also supply steam turbine generators and other essential equipment to Adani Power. The contract further includes the supervision of erection and commissioning of all six power units. This end-to-end responsibility highlights BHEL’s critical role not just as a manufacturer but as a comprehensive solution provider in the energy sector.
Stock Performance and Investor Sentiment
Despite closing slightly lower at ₹263.45 with a 0.38% dip on Friday, BHEL’s stock has shown strong performance recently. Over the last five days, the share has surged 4%. It also gained 2% in the past month and 12% over the last six months. However, on a one-year basis, the stock has declined by 11%. The company currently commands a market capitalization of ₹91,900 crore, underscoring its weight in the Indian industrial landscape.
Analysts Suggest Holding the Stock
Technical experts such as Milan Vasudev from Arihant Capital Markets have recommended holding BHEL stock with a stop loss at ₹239. He expects the stock to trade between ₹272 and ₹283 in the coming weeks. The stock is currently trading above its 5-day to 200-day simple moving averages, suggesting a bullish trend. Its 14-day Relative Strength Index (RSI) stands at 63.36, indicating moderate strength without being overbought.
Company Profile and Future Prospects
BHEL is one of India’s largest engineering and manufacturing firms, producing more than 180 different products. It caters to crucial sectors of the economy with services like design, manufacturing, testing, and maintenance. As of March 2025, the promoter holding in the company stood at 63.17%. With the latest order, BHEL is poised to enhance its operational strength and reinforce its leadership in the power infrastructure domain.
Story in a Nutshell:
- BHEL receives ₹6,500 crore order from Adani Power to build six 800-MW thermal power units.
- The deal includes supplying steam turbine generators and monitoring project execution.
- BHEL stock closed at ₹263.45, with a 4% rise in the past five days.
- Market experts suggest holding the stock with price targets between ₹272-283.
- The company trades above all major SMAs; RSI at 63.36 shows positive momentum.
- BHEL makes over 180 products and serves critical sectors of the Indian economy.
- Promoters held 63.17% stake in BHEL as of March 2025, highlighting strong ownership.
