Latest news with #AdaniPower
Mint
9 hours ago
- Business
- Mint
BHEL share price gains on receiving order from Adani Power despite sell-off in Indian stock market: Do you own it?
Stock Market Today: BHEL share price gained in the morning trades on Monday, receiving an order from Adani Power. This was despite the sell-off in the Indian stock market. Do you own it? Bharat Heavy Electricals Ltd or BHEL, announced on Friday after market hours that it had received a Letter of Award (LoA) from Adani Power Ltd. (APL). The order received by BHEL from Adani Power is for six (6) thermal units of 800 MW. As per details provided by BHEL in its release, the order Letter of Award for Supply of equipment (Steam Turbine Generator along with auxiliaries) and Supervision of Erection & Commissioning for Six (6) Thermal Units of 800 MW. Referring to the time period by which the order or contract is to be executed, BHEL has specified that the same is as per the customer's project requirements. The project scope involves the supply of equipment—a steam turbine generator along with auxiliaries and Supervision of Erection & commissioning.
Business Upturn
9 hours ago
- Business
- Business Upturn
BHEL shares jump nearly 3% after Rs 6,500 crore order win from Adani Power
Shares of Bharat Heavy Electricals Ltd (BHEL) jumped nearly 3% in early trade after the company announced a significant order win from Adani Power Ltd (APL). As of 9:15 AM, the shares were trading 2.25 % higher at Rs 270.05. BHEL has received a Letter of Award (LoA) from APL for supplying and supervising equipment for six thermal power units of 800 MW each. The contract, valued at approximately ₹6,500 crore (excluding GST), includes the supply of Steam Turbine Generator (STG) sets and related auxiliaries, along with supervision during erection and commissioning. This is a domestic order and marks another major addition to BHEL's portfolio. The execution will be based on Adani Power's specific project timelines. Importantly, BHEL clarified that this deal is not a related party transaction, and there is no promoter or group interest in Adani Power. While the company has not disclosed a fixed execution timeline, it confirmed that the project will move forward as per Adani's schedule. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
9 hours ago
- Business
- Business Standard
BHEL shares climb 3% on winning ₹6,500-crore order from Adani Power
Bharat Heavy Electricals or BHEL shares rose 3 per cent in trade on Monday, logging an intraday high at ₹272 per share on BSE. However, at 9:54 AM, BHEL share price pared some gains and was trading 0.51 per cent higher at ₹265.4 per share on the BSE. In comparison, the BSE Sensex was down 0.30 per cent at 83,810.67. The company's market capitalisation stood at ₹92,326.91 crore. Its 52-week high was at ₹335.4 per share and 52-week low was at ₹176 per share. In one year, BHEL shares have lost 13 per cent as compared to Sensex's rise of 6 per cent. What's driving rally in BHEL shares? On Friday, after market hours, the company announced that it has received a Letter of Award (LoA) from Adani Power for six thermal units of 800 MW. Under the contract, BHEL will supply a Steam Turbine Generator along with auxiliaries and supervise erection and commissioning. The order is estimated at ₹6,500 crore excluding goods and services tax (GST). Track Stock Market LIVE Updates BHEL Q4 results 2025 State-owned engineering firm BHEL posted a 3 per cent rise in its consolidated net profit to ₹504.45 crore in the March quarter compared to ₹489.62 crore in the quarter ended on March 31, 2024. Its total income rose to ₹9,142.64 crore in the fourth quarter against ₹8,416.84 crore in the same period a year ago. The revenues from industry business grew to ₹2,800.96 crore during the quarter from ₹2,091.98 crore a year ago. During the fiscal 2024-25, the consolidated net profit increased to ₹533.90 crore from ₹282.22 crore in the previous financial year. About BHEL BHEL is among the leading power plant equipment manufacturers in the country. The company specialises in the design, engineering, manufacturing, installation, testing, commissioning, and servicing of a diverse array of products and services. BHEL caters to key sectors such as power, transmission, industry, transportation, renewable energy, oil & gas, and defence. As the premier engineering and manufacturing enterprise in the country, BHEL is owned and operated by the Government of India.
Time of India
10 hours ago
- Business
- Time of India
BHEL shares in focus after Rs 6,500 crore order win from Adani Power
Shares of Bharat Heavy Electricals Limited ( BHEL ) are likely to be in focus on Monday, June 30, after the company announced that it has secured an order worth Rs 6,500 crore from Adani Power . The Letter of Award (LoA) pertains to the supply and commissioning of equipment for six thermal power units of 800 MW each. 'Bharat Heavy Electricals Limited (BHEL) has received a Letter of Award (LoA) from Adani Power Ltd. (APL) for six (6) thermal units of 800 MW,' the company said in an exchange filing. In its stock exchange filing, BHEL confirmed that the LoA includes the supply of Steam Turbine Generators along with auxiliaries, as well as the supervision of erection and commissioning of the units. The thermal power units, each of 800 MW, amount to a cumulative capacity of 4,800 MW. Key Highlights of the Order: Awarding Entity: Adani Power Limited (domestic entity) Scope: Supply of equipment including Steam Turbine Generator and auxiliaries Supervision of erection & commissioning of 6 thermal units Order Value: Approx. Rs 6,500 crore (exclusive of GST) Type of Order: Domestic Execution Timeline: As per customer's project requirements The order has been placed by a domestic client and does not fall under related party transactions, nor is there any promoter group interest involved in the awarding entity. The award is expected to strengthen BHEL's order book and operational visibility in the thermal equipment manufacturing space. The company mentioned that execution timelines would be in line with the customer's project schedule. BHEL shares , on Friday, closed flat with a negative bias at Rs 264.05 on the BSE. Also read: Nifty ready to scale new highs on bullish mood: Analysts ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
11 hours ago
- Business
- Time of India
Bangladesh settles $384 million payment to Adani Power amid financial struggles
Bangladesh paid $384 million to Adani Power in June, significantly reducing its outstanding dues under a power supply agreement with the Indian firm, according to sources. In June (till June 27), Bangladesh has paid $384 million of the committed $437 million to be paid during the month, two sources aware of the matter said. This would clear Bangladesh's "admitted" claims till March 31. With this, Adani's "claimed" dues, while still substantial, will come down to around $500 million (assuming Bangladesh meets its month-end commitment), they said. Bangladesh has struggled to meet its payment obligations under the 2017 deal, as rising import costs following the Russia-Ukraine conflict in 2022 and domestic political turmoil - which led to the ouster of prime minister Sheikh Hasina - strained the country's finances. As a result, Adani had halved supply last year and full supplies were resumed in March 2025 after the country's monthly payments started covering some of the dues. With the latest payments, Bangladesh has paid nearly $1.5 billion of the roughly $2 billion total billed amount. Adani has reportedly agreed to waive late payment surcharge (LPS) for January-June period, amounting to about $20 million, if Bangladesh keeps its payment commitment. Sources said both parties are engaged in discussion to resolve some issues related to coal cost and plant capacity calculations. These are the key reasons behind the difference between "claimed" and "admitted" dues. When contacted, an Adani Power spokesperson confirmed the payments but didn't share details on "claimed" and "agreed" dues stating these discussions are private. The 2017 power supply deal between Adani Power and Bangladesh had come in for scrutiny after the ouster of the Sheikh Hasina-led government last year. Interim government, led by Nobel Peace prize laureate Muhammad Yunus, called for the formation of a high-level committee, comprising energy and legal experts, to re-examine the power purchase agreement (PPA). Under the 2017 deal, Adani Power's Godda power plant in Jharkhand was to supply 100 per cent of the electricity generated from burning coal, to Bangladesh for a period of 25 years. After payment defaults, Adani had cut supplies by half in November 2024. It restored full electricity supply, which is around 1,600 MW, in March after the country reduced liabilities. Bangladesh stepped up repayments from July last year, clearing monthly dues. This came after the country suffered from increased power shortages in rural areas. Bangladesh has been struggling to generate sufficient dollar revenues to cover the cost of essential imports such as electricity, coal, and oil. Its foreign currency reserves declined amid months of student-led protests and political unrest, which culminated in the ousting of the Sheikh Hasina government in August 2024. The interim government that succeeded her sought an additional $3 billion loan from the International Monetary Fund (IMF) on top of the existing $4.7 billion bailout package. Adani's power deal with Bangladesh was one of the many under Sheikh Hasina, which the current interim government has called opaque. Besides Adani Power, other Indian state-owned firms also sell power to Bangladesh, including NTPC and PTC India Ltd.
