Maharatna stock jumps after it receives order from MAHAGENCO for thermal power stationMaharatna stock jumps after it receives order from MAHAGENCO for thermal power station

Introduction:

Maharatna stock secured a ₹8,000 crore contract for a 2×660 MW BTG package at a major thermal power station in Maharashtra. This project strengthens its role in India’s energy sector, reinforcing its expertise in power infrastructure and engineering solutions.

Share Price movement of Bharat Heavy Electricals:

On February 10, 2025, Bharat Heavy Electricals Ltd (BHEL) opened at ₹209.00, rising up 3.03% from its previous close of ₹202.84. The stock hit a high of ₹209.80 and a low of ₹203.10. Currently, it is trading at ₹204.36, with a market cap of ₹71,159.45 crore.

Bharat Heavy Electricals share price rise:

Bharat Heavy Electricals Limited (BHEL) received a Letter of Award from Maharashtra State Power Generation Company (MAHAGENCO) on February 7, 2025, for the 2×660 MW BTG package at Koradi Thermal Power Station, Nagpur. The contract involves equipment supply, erection, commissioning, and civil works through local competitive bidding.  

The project is expected to be completed within 52 months for Unit-11 and 58 months for Unit-12 from the award date. The total contract value is approximately ₹8,000 crore (excluding GST). The award was granted by a domestic entity, reinforcing BHEL’s role in India’s power infrastructure development.  

BHEL, a Central Public Sector Enterprise (CPSE), secured this contract from MAHAGENCO, a Maharashtra government undertaking, ensuring no related party transactions. This project further strengthens BHEL’s presence in the power sector, contributing to energy expansion and supporting Maharashtra’s electricity demand.

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Recent news About Bharat Heavy Electricals:

In January 2025, Bharat Heavy Electricals Limited (BHEL) signed a Memorandum of Understanding (MoU) with Oil and Natural Gas Corporation (ONGC) to explore joint projects and collaborations in the new and renewable energy sector, aiming to enhance sustainable energy initiatives.

Stock performance of Bharat Heavy Electricals for Period of 1 week, 6 months and 1 year:

Bharat Heavy Electricals’ stock gained 3.36% over the past week, showing short-term recovery. However, in six months, it declined 30.1%, reflecting mid-term weakness. Over the past year, the stock fell 10.9%, indicating long-term underperformance despite recent positive momentum in the short term.

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Shareholding pattern of Bharat Heavy Electricals:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	63.17	63.17	63.17
FII	7.98	9.48	9.1
DII	15.49	14.69	15.03
Retail & others	13.36	12.65	12.71

About Bharat Heavy Electricals:

Bharat Heavy Electricals Limited (BHEL) is a Maharatna PSU specializing in power generation equipment, industrial systems, and defense solutions. It manufactures turbines, boilers, and transformers, playing a crucial role in India’s energy infrastructure and heavy engineering sector with global project execution capabilities.

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.