BHEL bags INR 2,800 Cr order from Coal India-BHEL joint venture

Order Above 5pct RevenueBusiness Updates View source PDF Explain this filing

BHEL · price

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Price reactionminutes from the announcement price · days from the prior close

-5.5%Reaction day

₹275.90

prior close

₹261.90

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.0%-5.5% vs market

Heavy Electrical Equipment peers, median of 30sector-0.3%-5.2% vs sector

On the reaction day the stock moved 5.5 pts less than Nifty Midcap 150 and 5.2 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

-0.2

15m

-0.6

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.5+0.0-5.5-0.3-5.2

Next day

-5.9-0.5-5.4-1.7-4.3

-7.5-2.1-5.3-2.7-4.7

-4.9-1.7-3.2-2.4-2.5

-4.9-1.4-3.4-0.7-4.2

-5.4-0.9-4.5+1.1-6.5

-6.6-2.0-4.6-0.1-6.5

15d

-6.7-4.6-2.1-5.3-1.4

-7.4-6.8-0.6-5.8-1.7

+4.0-5.3+9.3+4.4-0.3

+45.5+0.7+44.8+13.6+31.9

UpDownMarket · Nifty Midcap 150Sector · Heavy Electrical Equipment peers, median of 30Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

BHEL received a Letter of Acceptance worth about INR 2,800 Crores from Bharat Coal Gasification and Chemicals Limited, a joint venture of Coal India and BHEL. Scope covers design, supply, civil works, erection, commissioning and 60-month O&M for a Syngas Purification Plant at Lakhanpur, Odisha, part of a Coal to Ammonium Nitrate project. Execution timeline is 42 months. This is a related party transaction at arm's length on nomination basis.

Likely market impact

Positive - order size is roughly 12 percent of BHEL's annual revenue, adding meaningful order inflow, though execution risks over 42 months remain.