BHEL wins about Rs 2,000 to 2,500 Cr export order from Dangote in Nigeria

Order Above 5pct RevenueExport Order Hard CurrencyBusiness Updates View source PDF Explain this filing

BHEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-4.3%Reaction day

₹405.00

prior close

₹410.40

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%-4.8% vs market

Heavy Electrical Equipment peers, median of 33sector+1.2%-5.6% vs sector

On the reaction day the stock moved 4.8 pts less than Nifty Midcap 150 and 5.6 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

-1.1

10m

-0.9

15m

-0.8

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.3+0.4-4.8+1.2-5.6

Next day

-4.6+0.1-4.7+1.1-5.7

-4.9-1.3-3.6-2.1-2.8

-2.3-0.0-2.3-0.9-1.3

-6.8-1.4-5.5-2.0-4.8

-8.4-2.2-6.2-4.5-3.9

-5.5+1.6-7.1+0.1-5.6

15d

-0.7+2.4-3.1+1.4-2.1

-4.2+3.4-7.6-0.8-3.5

+0.5+5.1-4.5-5.7+6.2

+7.0+4.3+2.7-7.8+14.8

UpDownMarket · Nifty Midcap 150Sector · Heavy Electrical Equipment peers, median of 33Pending

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

AI summary

BHEL has signed a contract with Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise in Nigeria for design, manufacture, supply, and supervision of erection and commissioning of 8 gas turbine generator packages for a petroleum refinery and polypropylene plant in Dangote Industries Free Zone. The order, won through an international tender, is valued at about Rs 2,000 to 2,500 Crores with execution within 26 months. Supply is up to Mumbai Port, with supervision and performance guarantee test at site. The order is from an unrelated international entity and is not a related party transaction.

Likely market impact

Significant export order win worth around 10 percent of annual revenue, strengthens order book and provides foreign currency revenue visibility for next 2 years.