Maharatna PSU Bharat Heavy Electricals Ltd shares will be in focus on March 24, 2025 after the company informed via exchange filing about receiving an order from the Kigali Court of Appeal, Rwanda, Africa. Earlier, documents submitted by BHEL for considering as new evidence in support of expenditure did not qualify as new evidence in the court of Appeal. The legal judgement from the Kigali Court of Appeal was received On March 22, 2025, as per the exchange filing and declared on BSE today (March 23, 2025).
The expected financial implications on BHEL would be RWF 2,72,51,24,768.00 [ Corresponding converted INR 17,22,27,885.00 as on 28-02-2025]. Meanwhile, BHEL shares settled 2.59% higher on Bombay Stock Exchange (BSE) to Rs 211.80 per share. Shares of the large cap PSU gained 9.54% in last 1-week and jumped 179.2% in last 2-years. The PSU has a market cap of Rs 73,750.10 crore. The return on equity of the stock is 2.01%. Check more details below:
BHEL Receives Order From Kigali Court
According to the exchange filing of BHEL, “As per Order by The Kigali Court of Appeal, Rwanda, matching/ corresponding expenditure incurred against Offshore Income (i.e. supply from India) has been disallowed. When it comes to details of the penalty, “Out of the total exposure, total penalty of RWF 49,26,86,850.00 [Corresponding converted INR 3,11,37,809.00 as on 28-02-2025] has been imposed through original order of RRA, Rwanda.” Meanwhile, BHEL stated that legal recourse to the subject order is being examined.
BHEL Bags Rs 7,500 Cr Order From GSECL On March 21, 2025
Earlier, BHEL received a whopping order worth Rs 7,500 crore from Gujarat State Electricity Corporation Limited (GSECL). As per the details available, BHEL will supply equipment such as Boiler, Turbine, Generator and associated auxiliaries along with electrical and C&I, Balance of Plant Packages. The company will handle erection & commissioning works and civil works. The time period by which the order needs to be completed is 54 months.
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 176.00 per share (as on 03/03/2025), respectively. Its has a market capitalisatin of Rs 73,750.10 crore. BHEL shares jumped 7.68% in last 2-weeks, slipped 20.42% in last 6-months, and fell 10.67% in last 1-year. In last 3-years, BHEL stock offered returns of 317.75% and rallied 805.13% in last 5-years.
BHEL Financials
The state-run firm declared its EBITDA rose by 41% to Rs 304 crore for Q3FY25 as compared to Rs 216 crore in the corresponding quarter of last year. Margin expanded 30 basis points to 4.2% for Q3FY25 as against 3.9% in the similar quarter of last year. Net profit rose to 135 crore for the quarter under review from Rs 60.3 crore reported in Q3FY24.
LIC Holding
Life Insurance Corporation of India (LIC) has a stake of 6.72% in the PSU.
BHEL Bonus Share History
It 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.
BHEL Dividend History
The PSU declared a total of 36 dividends since August 27, 2001. In last 1-year, it recommended an equity dividend amounting to Re 0.25 per share.
BHEL Stock Split History
The PSU split/sub-divided its face value once since October 3, 2011. It last split the face value of its shares from Rs 10 to Rs 2 in 2011 and traded ex-split on October 3, 2011.
About
BHEL was incorporated in 1964. Government of India granted the MAHARATNA status to the large sector PSU.
Disclaimer: The story highlights court order and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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