BHEL wins INR 1200-1500 Cr order from Hindalco for 2x150 MW BTG package

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

+1.6%Reaction day

₹267.40

prior close

₹269.90

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.6%+1.0% vs market

Heavy Electrical Equipment peers, median of 30sector+1.9%-0.3% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Midcap 150 and 0.3 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

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Reaction day

+1.6+0.6+1.0+1.9-0.3

Next day

+0.4+0.3+0.1+1.1-0.7

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15d

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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 Intent from Hindalco Industries for design, engineering, manufacture, supply, installation, and commissioning of a 2x150 MW BTG package at Aditya Aluminium in Lapanga, Sambalpur, Odisha. Order value is approximately INR 1200-1500 Crores excluding GST. It is a domestic tender and not a related party transaction. Commissioning is required within 35 months for Unit 1 and 37 months for Unit 2 from the LOI date of 3 February 2026.

Likely market impact

Strengthens order book; meaningful private-sector order in power equipment, likely above 5 percent of annual revenue and supportive of execution visibility.