State-owned BHEL on Monday posted a two-fold jump in consolidated net profit to Rs 1,290.47 crore during the quarter ended March 31, supported by growth in revenues.

It had reported a net profit of Rs 504.45 crore in the same period a year ago, the company said in an exchange filing.

State-owned BHEL on Wednesday said it has secured an order in the range of Rs 1,200-1,500 crore from Hindalco Industries.

BHEL said a letter of intent (LOI) in this regard has been received from Aditya Aluminium, Hindalco Industries.

Bharat Heavy Electricals or BHEL shares rose 3 per cent in trade on Monday, logging an intraday high at ₹272 per share on BSE.

However, at 9:54 AM, BHEL share price pared some gains and was trading 0.51 per cent higher at ₹265.4 per share on the BSE. In comparison, the BSE Sensex was down 0.30 per cent at 83,810.67.

BHEL shares rise:Shares of nuclear power company Bharat Heavy Electricals Limited (BHEL) surged as much as 3.02 per cent to hit an intraday high of Rs 274.20 per share on Monday, September 23, 2024.

The uptick in BHEL share price came after the company announced that it has secured an order worth Rs 6,100 crore from NTPC.

Shares of Bharat Heavy Electrical Limited (BHEL), on Monday, July 29, rallied as much as 3.05 per cent to hit an intraday high of Rs 327 per share on NSE.

The surge in the share price came after the company secured Rs 10,000 crore order for 1600MW Damodar Valley Corp project.

State-owned BHEL has bagged an order worth Rs 1,405 crore from the Nuclear Power Corporation of India Ltd for supply of 12 nuclear steam generators.

The steam generators will be manufactured at the Tiruchirapalli plant of BHEL.

Shares of Bharat Heavy Electricals Limited (BHEL) rallied 7 per cent to Rs 53.80 on the BSE in intra-day trade on Thursday after the company said it has emerged as the lowest bidder at Rs 10,800 crore for fleet mode tender floated by Nuclear Power Corporation of India (NPCIL) for its 6x700 MW Turbine Island Package Projects.

Notably, PHWRs (Pressurised Heavy Water Reactors) are the mainstay of the Indian Nuclear Power Programme and 12 out of 18 operating PHWRs of NPCIL are equipped with BHEL-supplied Steam Turbine Generator sets (10x220 MWe + 2x540 MWe) with the balance from Canada and Ukraine.

Shares of Bharat Heavy Electricals Limited (BHEL) slipped 9 per cent to Rs 39.55 on the BSE in Monday's intra-day trade, in an otherwise strong market, after the company reported a loss of Rs 231 crore in the December quarter (Q3FY21) due to poor operational performance. The state-owned heavy equipment company had posted a profit after tax of Rs 159 crore in Q3FY20.

State-owned Bharat Heavy Electricals Ltd (BHEL) zoomed 14 per cent to Rs 61.30 apiece on the BSE on Wednesday after global brokerage firm CLSA upgraded the stock to 'Buy' from 'Sell' owing to the benefits that the company could reap due to government's stake sale.

According to reports, the brokerage sees "limited risk" in the stock and believes the "company has a lot to gain from a strategic partner". If the divestiture fails, there could be risks to market price, it said.

Strategic sale buzz fuelled a sharp 27.5% rise on Friday in the share price of Bharat Heavy Electricals (BHEL) during the intra-day trade on BSE. The stock rose to Rs 56.80 on Friday, before closing at Rs 54.45, 22.2% higher than the previous day’s close. It had hit a 52-week low of Rs 41.35 on Wednesday, as the company battled through tough times stemming from execution delays and low order inflows.

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