The shares of Bharat Heavy Electricals Limited (BHEL) jumped nearly 3 percent to snap a two-day losing streak in early morning trade on June 30 after the company announced that it has won a significant order from Adani Power.
BHEL shares opened at Rs 272 apiece, the highest level seen by the stock in nearly six months.
In an exchange filing released in the post market hours of June 27, BHEL announced that it has received the Letter of Award (LoA) for the supply of equipment and supervision of erection and commissioning for six thermal units of 800 MW. The equipment which BHEL would supply as part of the order includes steam turbine generator, along with auxiliaries.
BHEL said that the broad consideration of Adani Power's project stands at nearly Rs 6,500 crore, excluding GST. The project will be executed as per the Adani Group company's requirements, the PSU firm added.
BHEL share history:
Despite recording losses in the past two consecutive sessions, BHEL shares have gained over 3 percent in the past five days. The stock jumped nearly 17 percent in the past six months, and is up nearly 15 percent in 2025 so far.
The stock has gained around 55 percent from its 52-week low of Rs 176, which it had hit in March this year. The stock is however down nearly 19 percent from its 52-week high of Rs 335 apiece. It currently has a P/E ratio of 194.
Adani Power share history:
Adani Power shares gained over 1 percent in the morning to trade at Rs 590 apiece. The stock has jumped nearly 9 percent in the past five days, and over 11.5 percent in the past six months. It however fell nearly 18 percent in the past one year.
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