BHEL shares jumped 3% in morning trade on June 30, touching ₹272 per share — their highest level in six months. This sharp move came after Bharat Heavy Electricals Limited (BHEL) announced a massive ₹6,500 crore order win from Adani Power.
The public sector giant shared the news in a post-market filing on June 27. BHEL confirmed receiving a Letter of Award (LoA) from Adani Power to supply key equipment for six large thermal units, each with 800 MW capacity.
What’s in the Deal?
BHEL will supply steam turbine generators and auxiliary systems. It will also handle supervision during erection and commissioning. The total project value is around ₹6,500 crore (excluding GST), making this one of BHEL’s biggest wins recently.
According to the company, the order will be executed as per Adani Group’s requirements. This shows strong private sector trust in the PSU’s engineering capabilities.
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BHEL Shares: Past and Present
Before this jump, BHEL shares had been sliding for two straight days. Still, they managed a 3% gain over the past five days. In the last six months, the stock is up by 17%. So far in 2025, it’s gained about 15%.
From its 52-week low of ₹176 in March, BHEL has climbed nearly 55%. However, it still sits 19% below its 52-week high of ₹335. At the moment, the stock trades at a high P/E ratio of 194, suggesting optimism — or overpricing, depending on how you see it.
Adani Power Stock Also Rises
Not just BHEL — Adani Power shares also moved up over 1%, trading around ₹590. The stock is up 9% over five days and over 11.5% in the last six months. But it’s still down about 18% in the past one year.
What This Means for Investors
This order is a big boost for BHEL’s order book and could improve its future earnings. It also signals strong government-private collaboration in the energy space. Investors are watching closely, as this might be a turning point for the PSU.
For energy sector followers, this deal shows the revival of thermal power projects in India — a space many thought was slowing down due to green energy focus.
This isn’t just another order win. This is BHEL flexing its industrial muscle again — and Adani Power betting big on Indian engineering. If you’re tracking PSU stocks, BHEL shares just sent out a clear signal: they’re back in the game.
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