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Maharatna stock jumps 4% after receiving an order worth ₹7,500 Cr from Gujarat State Electricity Corp. Ltd

Prominent Maharatna company secured a ₹7,500 crore order from Gujarat State Electricity Corporation for an 800 MW power unit in Tapi, Gujarat, with completion expected within 54 months.
Maharatna stock surges 4% after securing ₹7,500 Cr order from Gujarat State Electricity Corp.

Introduction:

Leading Maharatna company has secured a ₹7,500 crore order from Gujarat State Electricity Corporation Limited for an EPC package of a 1×800 MW power unit in Tapi, Gujarat. The project is expected to be completed within 54 months.

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Share price movement of BHEL:

On March 21, 2025, Bharat Heavy Electricals Ltd opened at ₹206.25, slightly down from its previous close of ₹206.45. The stock reached a high of ₹213.65 (3.49%) and a low of ₹206.25. By 11:19 AM, it traded at ₹211.90, with a market cap of ₹73,784.92 crore.

BHEL Secures ₹7,500 Cr GSECL Order:

Bharat Heavy Electricals Limited (BHEL) has secured a ₹7,500 crore order from Gujarat State Electricity Corporation Ltd. (GSECL) for the EPC package of the 1×800 MW Ukai Extension Unit-7 in Gujarat’s Tapi district. The Letter of Intent (LOI) was received on March 20, 2025.

The contract, awarded through international competitive bidding, includes supplying boilers, turbines, generators, and auxiliary systems, along with erection, commissioning, and civil works. The project is set for commercial operation within 54 months, marking a significant milestone for BHEL in India’s power sector expansion.

Recent news on BHEL:

As of February 01, 2025, Bharat Heavy Electricals Ltd reported a 123% Y-o-Y rise in Q3FY25 net profit to ₹134.7 crore. Revenue surged 32.2% to ₹7,277.09 crore, with order inflow growing 33% to ₹47,947 crore.

Stock performance of BHEL for Period of 1 week, 6 months, and 1 year:

Bharat Heavy Electricals Ltd delivered a 6.83% gain over the past week but faced a 22.4% decline in six months and a 12.9% drop over the past year, reflecting short-term recovery amid long-term market challenges.

Also Read: Infra stock under ₹30 jumps 13% after its JV receives order worth ₹2,470 Cr from Tata Power

Shareholding pattern of BHEL:

ParticularsDec 2024Sep 2024Jun 2024
Promoter63.20%63.20%63.20%
FII8%10%9%
DII16%15%15.00%
Public13.40%12.70%12.70%

About BHEL:

Bharat Heavy Electricals Ltd (NSE: BHEL) is a leading power plant equipment manufacturer, providing engineering, manufacturing, and servicing solutions across power, transmission, industry, transportation, renewable energy, oil & gas, and defense sectors, owned and controlled by the Government of India.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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