Bharat Heavy Electricals Ltd.BHEL₹237.00 +1.30%

State-run engineering major Bharat Heavy Electricals Ltd. announced it had secured a massive contract from the M.P. Power Generating Company Ltd. (MPPGCL).

The domestic order, which was obtained through an open tender enquiry, is broadly valued in the range of ₹13,000 crore to ₹15,000 crore, excluding taxes and duties. The notification of award (NOA), received on September 29, 2025, covers the complete Engineering, Procurement, and Construction (EPC) packages for two major supercritical thermal power plants in Madhya Pradesh.

The contract scope includes the full EPC works for:

  • 1×660 MW Amarkantak Unit No. 6
  • 1×660 MW Satpura Unit No. 12

BHEL’s responsibility encompasses the supply of equipment, erection and commissioning services, and all associated civil works for the two supercritical units. The company is mandated to complete the project execution schedule for each plant within 57 months from the date of the NOA.

This major win provides a significant boost to BHEL’s project pipeline, adding substantial value to its already elevated order book. The company’s order book during the June quarter, crossing the ₹2 lakh crore mark. Furthermore, BHEL’s order inflows during that quarter had increased by 42% to ₹13,445 crore.

Over the last three and five years, this stock has delivered multibagger returns of more than 305% and 680%, respectively. 

Let’s take a look at its Factor Analysis scores:

Note: The stock prices mentioned are as of 2:15 pm.

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