India's BHEL gains on securing order worth 75 bln rupees

Bharat Heavy Electricals

21/03/2025 06:26

** Shares of engineering and manufacturing company Bharat Heavy Electricals Ltd (BHEL) BHEL.NS rise 2.6% to 212 rupees

** Co secures order worth 75 billion rupees ($870 million) from the Gujarat State Electricity Corporation

** Order pertains to the supply of equipment such as boilers, turbines and generators, commissioning and civil works

** Order to be executed within 54 months, BHEL says

** BHEL shares are down 7.5% in 2025 so far, compared to a 5.1% drop in energy index .NIFTYENR and 3.5% slide in public sector enterprises index .NIFTYPSE

($1 = 86.2130 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))