Rs 1,60,157 Crore Order Book: Heavy Electrical Equipment Company Signs Technology Transfer Agreement With Bhabha Atomic Research Centre

The President of India’s portfolio owns 63.17 per cent and Life Insurance Corporation of India’s portfolio owns 6.72 per cent as of March 2025.

Bharat Heavy Electricals Limited (BHEL) has entered into a significant domestic Technology Transfer Agreement (TTA) with Bhabha Atomic Research Centre (BARC), Mumbai, focusing on Electrolyser Systems for Hydrogen Production. This agreement involves the transfer of BARC's Mixed-Matrix Membrane Diaphragm technology, which serves as an effective and low-cost import substitute for asbestos and Zirfon in separator applications within electrochemical cells. While the financial details and specific terms of the agreement remain confidential, this collaboration is expected to enable BHEL to achieve complete indigenous development of alkaline electrolyser systems, aligning with the 'National Green Hydrogen Mission' and the 'Make in India' initiative by providing a crucial technological advancement in hydrogen production.

Earlier, the company entered into a strategic Memorandum of Understanding (MoU) with M/s Nuovo Pignone International s.r.l., an international entity, to jointly pursue compressor revamp opportunities within the fertiliser sector in India. As per the agreement, BHEL will act as the primary bidder for identified projects, with Nuovo Pignone International s.r.l. serving as a nominated vendor with a defined scope of work; this ten-year tie-up, which can be extended by mutual consent, does not involve any upfront financial consideration or the formation of a joint venture, but rather a business sharing arrangement where each party is responsible for their respective tasks, and BHEL anticipates securing approximately 50% of the financial share of the addressed projects, thereby improving its market presence in the fertilizer sector's repair and maintenance business.

About the Company

Bharat Heavy Electricals Ltd (BHEL), a leading public sector enterprise under the Ministry of Heavy Industries and Public Enterprises, has been at the forefront of India's power sector for over six decades. With a strong track record in the design, engineering, and manufacturing of a wide range of power generation equipment, BHEL has played a pivotal role in powering the nation's economic growth. BHEL Limited manufactures various power plant equipment.

Results: According to Quarterly Results, the net sales increased by 32 per cent to Rs 7,277 crore and net profit increased by 207 per cent to Rs 116.44 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the company reported net sales of Rs 19,346 crore and a net loss of Rs 19.64 crore in 9MFY25 while in its annual results, the company reported net sales of Rs 23,893 crore and a net profit of Rs 218.24 crore in FY24.

The company has a market cap of over Rs 78,000 crore. The President of India’s portfolio owns 63.17 per cent and Life Insurance Corporation of India’s portfolio owns 6.72 per cent as of March 2025. The company’s order book stands at Rs 1,60,157 crore. The company has been maintaining a healthy dividend payout of 27.8 per cent. Investors should keep an eye on this PSU stock.

Disclaimer: The article is for informational purposes only and not investment advice.