BHEL Bags Rs 8000 Cr Order, Shares Slip 39.52% From Highs

In a latest development, Bharat Heavy Electricals Ltd (BHEL) today bagged approximately Rs 8000 crore order from Maharashtra State Power Generation Company Limited (MAHAGENCO). The company received the letter of award (LoA) from MAHAGENCO for 2×660 MW BTG package of Koradi Thermal Power Station. Last trading price of BHEL shares on BSE stood at Rs 202.85 per share. BHEL shares declined 2.55% in last 1-week and gained 170.29% in last 2-years. Meanwhile, the company’s market capitalisation stood at Rs 70,633.66 crore, according to BSE.

The stock offers return on equity (2.01%). The company so far declared a total of 38 dividends since August 27, 2001. BHEL is backed by Life insurance corporation of India (LIC) as the PSU insurer has 6.72% stake in it. Check more details below:

Bharat Heavy Electricals Ltd Bags New Order

According to the exchange filing of Bharat Heavy Electricals Ltd dated February 8, 2025, “Bharat Heavy Electricals Limited (BHEL) has received a Letter of Award from MAHAGENCO for 2×660 MW BTG package of Koradi Thermal Power Station.” The time period by which the order needs to be executed is 52-58 months from the date of Letter of Award.

BHEL Shares Performance

The 52-week high price of BHEL stock on BSE is Rs 335.40 per share (as on 09/07/2024) and 52-week low price is Rs 185.20 per share (as on 29/01/2025), respectively. The stock witnessed steep decline of 13.01% year-to-date (YTD), fell 33.40% in last 6-months, and dived 12.36% in last 1-year. In last 3-years, BHEL shares gained 251.86% and rallied 409.67% in last 5-years.

BHEL Shares Slip 39.52% From 52-Week Low

The stock slipped 39.52% from 52-week high price of Rs 335.40 per share if the last trading price of 202.85 is taken into consideration. The other factor that led to decline in BHEL shares was due to disappointing defence budget allocation of Rs 4.92 lakh crore that was below the investors’ expectations. Several stocks operating in defence sector declined as they were hit by investors dismay following announcements made in the just concluded Union Budget on February 1, 2025.

BHEL Bonus Share History

The PSU recommended a total of 2 bonuses since May 31, 2007. The company’s last bonus was declared in the ration of 1:2 with ex-bonus date fixed as September 28, 2017, according to Trendlyne.