Rs 1,96,328 Crore Order Book: LIC Backed Heavy Electrical Equipment Company Wins Rs 6,500 Crore Contract from Adani Power for Six Thermal Units

The one-year return is -10.55 per cent, the three-year return stands at a strong 475.84 per cent.

Bharat Heavy Electricals Limited (BHEL), a government-owned engineering and manufacturing company, has secured a major contract from Adani Power Ltd. The Letter of Award (LoA) includes the supply and supervision of six thermal power units, each with a capacity of 800 MW. The scope of the project involves the delivery of steam turbine generators and associated auxiliaries, as well as the supervision of their erection and commissioning. The total contract value stands at approximately Rs 6,500 crore, excluding GST.

This contract strengthens BHEL’s position in the domestic power equipment manufacturing space. BHEL contributes to around 53 per cent of India’s total installed conventional power generation capacity. With a current market capitalisation of Rs 92,135 crore, the company is classified as a Large-Cap stock. It continues to focus on growth through diversification, including initiatives in the coal gasification sector and the emerging hydrogen technology space.

As of June 27, 2025, BHEL’s stock is trading at Rs 264.05. The stock touched a 52-week high of Rs 329.25 and a 52-week low of Rs 178.9. While the one-year return is -10.55 per cent, the three-year return stands at a strong 475.84 per cent. The Price-Earnings (PE) Ratio of the company is currently 192. Additionally, BHEL has declared July 11, 2025, as the record date for its final dividend of Rs 0.50 per share.

BHEL operates across multiple sectors including power, industry, renewable energy, transportation, and defence. The power segment remains the largest contributor to its revenues, accounting for 79 per cent in Q1 FY25. The company boasts a robust order book of approximately Rs 1,35,000 crore with orders from both domestic and international clients. BHEL also maintains a global footprint in nearly 90 countries and operates 16 manufacturing units backed by strong R&D infrastructure.

 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 1,96,328 crore.

With a focus on innovation and capacity expansion, BHEL is positioning itself as a key player in India’s power and infrastructure development. Despite intense competition, the company’s long-standing experience and ongoing diversification could support its future growth trajectory.

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