PSU Stock in Focus: BHEL secures Rs 8,000 crore thermal power project from MAHAGENCO
BHEL's order inflow has surged by 167% compared to the previous year, reaching Rs 6,860 crore, while its overall order book has grown by 47% year-on-year to Rs 1.6 lakh crore.
PSU Stock in Focus: BHEL secures Rs 8,000 crore thermal power project from MAHAGENCO
PSU Stock, Bharat Heavy Electricals Ltd has received a Letter of Award (LoA) valued at approximately Rs 8,000 crore from Maharashtra State Power Generation Company Ltd. (Mahagenco). The LoA covers the 2x660 MW Boiler-Turbine-Generator (BTG) package for the Koradi Thermal Power Station, as stated in an exchange filing.
This BTG package includes the supply of equipment, as well as erection, commissioning, and civil works. The project is expected to be completed within 52 months for Unit-11 and 58 months for Unit-12, starting from the date of the LoA.
BHEL's order inflow has surged by 167% compared to the previous year, reaching Rs 6,860 crore, while its overall order book has grown by 47% year-on-year to Rs 1.6 lakh crore.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
Currently, the number of analysts recommending a 'Buy' rating on BHEL is at its highest level since 2011. CLSA has lowered its price target while maintaining a 'Reduce' rating on the stock. In contrast, Morgan Stanley has set a price target of Rs 352 with an 'Overweight' stance.
Recently, BHEL shares closed 1.19% lower at Rs 202.41. So far in 2025, the stock has increased by 13%, but it has experienced a 12% decline over the past 12 months, resulting in negative returns for shareholders.
Read Also : Train Services Affected Due to Jaipur Station Redevelopment