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Navratna stock jumps after it receives LoI worth ₹6700 Cr for Singareni thermal power project

Navratna stock received a ₹6,700 crore EPC contract in Telangana’s Mancherial district. The project involves supply, erection, and commissioning, reinforcing its leadership in large-scale power projects & India’s energy expansion.
Navratna stock jumps after it receives LoI worth ₹6700 Cr for Singareni thermal power project
Navratna stock jumps after it receives LoI worth ₹6700 Cr for Singareni thermal power project

Introduction:

Navratna stock secured a Letter of Intent for an EPC package in Telangana’s Mancherial district. The ₹6,700 crore project involves supply, erection, and commissioning of key power infrastructure, strengthening its leadership in executing large-scale projects and expanding India’s energy capacity.

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Share Price movement of Bharat Heavy Electricals:

On February 17, 2025, Bharat Heavy Electricals Ltd opened at ₹193.31, reaching a high of ₹195.12, up 0.93% from its previous close of ₹193.31, and a low of ₹188.50. Currently, it is trading at ₹193.77, with a market cap of ₹67,471.94 crore.

Bharat Heavy Electricals receives LoI worth ₹6700 Cr:

Bharat Heavy Electricals Limited (BHEL) has secured a Letter of Intent (LOI) from Singareni Collieries Company Limited (SCCL) for the EPC Package of the 1×800 MW Singareni Stage-II Thermal Power Project. The project is located in Mancherial district, Telangana, and involves key supply, erection, and commissioning activities.  

The contract covers boiler, turbine, generator, flue gas desulfurization (FGD) systems, and auxiliary installations, along with associated electrical, instrumentation, and civil works. The project, awarded through domestic competitive bidding, is valued at approximately ₹6,700 crore (excluding taxes and duties) and has a completion timeline of 48 months.  

The awarded contract does not involve any related party transactions or promoter group interests. BHEL’s selection for this project strengthens its presence in India’s power infrastructure sector. The deal reinforces its leadership in executing large-scale power projects, contributing to national energy capacity expansion.

Also Read: Defence stocks with ROE and ROCE of more than 25% to look out for

Recent news About Bharat Heavy Electricals :

On February 10, 2025, Bharat Heavy Electricals Ltd received a ₹8,000 crore contract from MAHAGENCO for a 2×660 MW BTG package at Koradi Thermal Power Station. The project, awarded through competitive bidding, strengthens BHEL’s role in India’s power sector expansion.

Stock performance of Bharat Heavy Electricals for Period of 1 week, 6 months and 1 year:

Bharat Heavy Electricals Ltd has seen a decline in its stock performance over different periods. In the past week, the stock fell by 4.76%. Over six months, it dropped significantly by 34.8%. The yearly return also remained negative, with a 14.4% decline, reflecting consistent weakness.

Also Read: Ambani Group Q3: How has the Ambani group stocks performed in Q3?

Shareholding pattern of Bharat Heavy Electricals:

All values in %Dec-24Sep-24Jun-24
Promoters63.1763.1763.17
FII7.989.489.1
DII15.4914.6915.03
Retail & others13.3612.6512.71
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About Bharat Heavy Electricals:

Bharat Heavy Electricals Ltd (BHEL) is a leading Indian engineering and manufacturing company specializing in power generation equipment. It supplies turbines, boilers, and electrical systems for thermal, nuclear, and hydro projects, playing a crucial role in India’s energy and infrastructure sectors.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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