News for Bharat Heavy Electricals Limited (BHEL.NS)

India-Business News: Bharat Heavy Electricals Limited (BHEL) announced a 19% revenue increase, reaching Rs 27,350 crore for FY25. The company achieved a record annual orde

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Bullish outlook for BHEL stock with potential rally to ₹250, buy at ₹222, accumulate on dips, set stop-loss at ₹206.

Mauritius is seeking India's technical expertise and collaboration to meet its rising power needs and transition to cleaner energy sources. Facing high electricity demand, Mauritius has requested assistance in energy planning, regulatory development, and renewable energy projects. India is expected to send experts to aid Mauritius in achieving its goal of generating 60% of electricity from renewables by 2030.

"The most important stock we are looking at from the PSU segment is Coal India," the analyst told Business Today.

BHEL stated that the renewed collaboration will help the company stay updated on global technological advancements in HRSG design, while also preserving its competitive edge in the power equipment sector.

The thermal power plant will be built on the existing ash disposal area in Tapi district.

Power Mech stock, which initially surged to these new highs, later saw its gains pared back to a 4.49% increase, closing at Rs 2,267.45.

Banking and energy sectors outperformed all indices. The broader index strengthened for the sixth consecutive trading session, driven by positive global cues and fresh foreign fund inflows. Sensex jumped 1017.85 pts or 1.32 per cent to 77,923.36 as at 12.31 pm, and Nifty 50 climbed 294.70 pts or 1.26 per cent to 23,645.10.

Kumar Vikas, a Junior Works Manager at Kanpur Ordnance Factory, was arrested for sharing sensitive information with a suspected Pakistani agent. He communicated via WhatsApp, Facebook, and used a gaming app for covert discussions.

The changes will take effect on March 28, with portfolio adjustments expected before the market closes on March 27.

NSE announced changes in Nifty indices constituents effective March 28, impacting various companies and stock prices.

Power Mech Projects Ltd. saw its share price move significantly on Tuesday following the announcement of a substantial order worth Rs 164.63 crore from Bharat Heavy Electricals Ltd.

India's benchmark equity market index NSE Nifty has new inclusions, as Jio Financial Services Ltd. and Zomato Ltd. have been added to it, news agency Bloomberg reported. Bharat Petroleum Corp. and Britannia Industries have been excluded from the index.

BHEL shares: The scrip traded lower than the 5-day, 10-, 20-, 30-, 50-, 100-, 150-day and 200-day simple moving averages (SMAs). Its 14-day relative strength index (RSI) came at 35.27.

Buzzing Stocks Today, Stocks that will see action today: February 17, 2025 - Wipro, EMS, Fineotex Chem, BEL, BHEL, Kitex Garments, Alembic Pharma, JSW Energy, Uno Minda

BHEL shares slipped 1.70% to Rs 199.45 on Tuesday against the previous close of Rs 202.90 on BSE. Market cap of the power equipment maker slipped to Rs 69,449 crore.

Bharat Heavy Electricals Ltd., has received a letter of intent for an order worth Rs 6,200 crore from Damodar Valley Corp. for a steam generator island for the Raghunathpur thermal power project in West Bengal. The company has received a letter of intent for the steam generator island package for the 2x660 MW Raghunathpur thermal power station phase-II project in Purulia district, according to exchange filing on Tuesday.

BHEL received a Letter of Intent from Rajasthan Part I Power Transmission for the BF800 HVDC project and an Rs 8,000 crore order from Mahagenco for a thermal power station project. The HVDC project will transmit renewable energy and should be completed by 2030.