BHEL Bags Thermal Power Project Worth ₹8,000 Crore From Maharashtra State Power Generation

Bharat Heavy Electricals Ltd. (BHEL), one of India’s largest and most venerable engineering enterprises, has cemented its reputation as a cornerstone of the nation’s power and industrial sectors since its inception in 1964. Headquartered in New Delhi, the state-owned behemoth excels in the manufacturing of power generation equipment, including turbines, boilers, and transformers.

Received Letter of Award (LoA)

In a significant development, BHEL recently secured a Letter of Award (LoA) valued at approximately ₹8,000 crore from Maharashtra State Power Generation Company Ltd. (Mahagenco), a key arm of the Government of Maharashtra.

The order is for a 2×660 (1320) MW BTG (boiler turbine generator) package of Koradi Thermal Power Station which includes supply of equipment, erection and commissioning and civil works and is expected to be completed by 52-54 months from the award of LOA. 

BHEL Q3 FY25 Performance

On January 28, 2025, BHEL announced its Q3 FY25 results, showcasing a robust financial turnaround. The company reported a consolidated net profit of ₹134.7 crore, more than doubling from ₹60.31 crore in the corresponding period the previous year. 

Revenue from operations surged by 32.3% year-on-year to ₹7,277.1 crore, driven largely by its pivotal power sector division, which contributes around 70% to overall business operations. During the quarter, EBITDA climbed by 40% to ₹304 crore, with margins improving by 30 basis points to 4.2% from 3.9% in the prior year. Margin expansion was partially curtailed by a notable rise in other expenses.

Share Price Performance 

At 12:52 PM on February 10, 2025, Bharat Heavy Electricals Ltd shares traded at ₹203.31 per share on the NSE.

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