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BHEL rises on securing LoA worth Rs 2,800 crore

The company has secured the LoA from Bharat Coal Gasification and Chemicals

Bharat Heavy Electricals is currently trading at Rs. 263.65, up by 3.00 points or 1.15% from its previous closing of Rs. 260.65 on the BSE.

The scrip opened at Rs. 258.65 and has touched a high and low of Rs. 265.80 and Rs. 258.65 respectively. So far 1393303 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 305.85 on 07-Jan-2026 and a 52 week low of Rs. 176.00 on 03-Mar-2025.

Last one week high and low of the scrip stood at Rs. 276.95 and Rs. 258.60 respectively. The current market cap of the company is Rs. 92065.76 crore.

The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 25.98% and 10.85% respectively.

Bharat Heavy Electricals (BHEL) has secured a letter of acceptance (LoA) worth around Rs 2,800 crore (excluding Custom Duty and GST) from Bharat Coal Gasification and Chemicals (BCGCL). BCGCL is a joint venture company of BHEL and Coal India (CIL), where in BHEL and CIL hold 51% and 49% stake, respectively. 

The contract covers design, engineering, supply of equipment, civil works, erection, commissioning and O&M services for Syngas Purification Plant (LSTK 2 Package) of BCGCL's Coal to 2000 TPD Ammonium Nitrate Project at Lakhanpur, Jharsuguda district, Odisha. Preliminary Acceptance (Commissioning & Performance Guarantee Test) of the contract is 42 months from date of LoA, while O&M Services are for 60 months from Preliminary Acceptance.

Bharat Heavy Electricals is an Indian central public sector undertaking and the largest government-owned power generation equipment manufacture.