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PSU stock jumps after signing contracts for renewable energy with Adani group

PSU stock rose after securing a 6,000 MW HVDC project linking Rajasthan to Uttar Pradesh, enhancing renewable energy flow and reinforcing the government’s Make in India vision.
PSU stock gains after 6,000 MW HVDC project win boosts renewable push.
PSU stock gains after 6,000 MW HVDC project win boosts renewable push.

Introduction:

PSU stock gained attention after a major HVDC contract win to build a 6,000 MW, ±800 kV terminal connecting Rajasthan and Uttar Pradesh, boosting renewable power transmission and supporting India’s green energy and Make in India goals.

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Share Price movement of BHEL:

On April 4, 2025, Bharat Heavy Electricals Limited opened at ₹218.68, reaching a high of ₹221.90, up 1.47% from the previous close of ₹218.68, and a low of ₹215.02. The stock is currently trading at ₹219.24, with a market cap of ₹76,340.76 Crores.

BHEL signed new contracts:

BHEL, in consortium with Hitachi Energy India, has secured a contract from Rajasthan Part I Power Transmission Limited to develop a 6,000 MW, ±800 kV HVDC terminal linking Bhadla, Rajasthan, to Fatehpur, Uttar Pradesh. This marks a key renewable energy infrastructure milestone.

The project will enable efficient bi-directional transmission over 950 km and support India’s 2030 target of 500 GW renewable energy. It reinforces BHEL’s commitment to the Make in India initiative and its capabilities in grid stability and renewable power integration.

BHEL will manufacture and supply critical components like converter transformers and thyristor valves from its Bhopal and Bengaluru plants. The company will also build 765 kV/400 kV systems at Fatehpur and substations at Bhadla, further cementing its HVDC project expertise.

Also Read: Chemical stock jumps after announcing 60% acquisition in Trancemarine and Confreight Logistics

Recent news About BHEL:

On March 21, 2025, BHEL received an order to establish a 1×800 MW Ukai Supercritical Thermal Power Plant in Gujarat, further strengthening its presence in the thermal power sector. ​

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

BHEL’s stock showed mixed performance across timeframes. It gained 1.04% over the past week. However, it declined by 18.3% in the last six months and recorded a negative return of 13.0% over the one-year period, indicating overall weakness in long-term performance.

Also Read: Railway stock in focus after it announces ₹2,500 Cr investment for new facility

Shareholding pattern of BHEL:

All values in %Dec-24Sep-24Jun-24
Promoters63.1763.1763.17
FII7.989.489.1
DII15.4914.6915.03
Retail & others13.3612.6512.71
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About BHEL:

Bharat Heavy Electricals Limited(NSE : BHEL) is a leading PSU engaged in engineering and manufacturing of power generation equipment. It provides services across energy, transmission, transportation, and defence sectors, supporting India’s infrastructure development through large-scale industrial and power projects.

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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Sathlokhar Synergys को क्रिकेट लीजेंड मुथैया मुरलीधरन की कंपनी से ₹219 Cr का ऑर्डर मिला।

Sathlokhar Synergys को मुथैया मुरलीधरन की कंपनी से ₹219 करोड़ का ऑर्डर मिला है।

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