Bharat Heavy Electricals Limited has informed the Exchange about Bagging/Receiving of orders/contracts
BHEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Midcap 150 and 1.3 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
BHEL has received a Letter of Acceptance worth approximately INR 5,400 Crores (excluding GST) from Bharat Coal Gasification and Chemicals Limited (BCGCL), a joint venture of Coal India Limited (51%) and BHEL (49%). The order covers design, engineering, supply of equipment, civil works, erection, commissioning, and O&M services for the Coal Gasification and Raw Syngas Cleaning Plant (LSTK 1 Package) of BCGCL's Coal to 2000 TPD Ammonium Nitrate Project at Lakhanpur, Odisha. The project involves 42 months for commissioning and performance guarantee, followed by 60 months of O&M services. The order is a related party transaction, awarded on a domestic nomination basis at arms length, and is roughly 20-25% of BHEL's annual revenue based on recent financials.
This is a sizeable order win that strengthens BHEL's order book, though the related-party nature and nomination-based award limit its signal as a competitive win. The long execution timeline (42 months) means revenue recognition will be spread out over several years.