Bharat Heavy Electricals Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price
Introduction
Bharat Heavy Electricals Limited (BHEL) is a prominent central public sector undertaking in India. It is the largest power generation engineering and equipment manufacturer owned by the government of India, with a global presence. BHEL is a key contributor to India's self-reliance (Atma Nirbhar Bharat) initiative, offering a comprehensive portfolio of products, services, and systems in renewable energy and other sectors such as transmission, transportation, defence, aerospace, oil & gas, BESS, and EV chargers.
In the Indian capital goods manufacturing sector, BHEL ranks among the highest. It is also one of the largest employers in India's engineering sector, with approximately 30,000 highly skilled employees. BHEL has a network of 16 manufacturing facilities, 4 regional offices, 8 service centers, and 15 regional marketing centers spread across the nation. As of 2023, BHEL was involved in over 150 ongoing projects in India and abroad.
As of 14th May,2024, BHEL share price is Rs.288.25
BHEL Moves In 2024
May:
BHEL's share price increased by 4% following the announcement of its partnership with HIMA Middle East FZE, Dubai, for railway signalling business.
BHEL share price as of 14th May,2024 was Rs.288.25
April:
Mr. Koppu Sadashiv Murthy, CMD and Director Finance, appointed as Chief Financial Officer.
Indian Institute of Chemical Technology signed an MoU with BHEL to develop Carbon dioxide conversion technology for achieving net-zero goals.
BHEL share price for the month of April was Rs.283.30
March:
BHEL's share price increased by 2% after announcing a new order from Adani Power worth Rs. 4000 crores.
BHEL received an order from NTPC Limited, Singrauli Supercritical Thermal Power Plant for 2*800 MW.
BHEL signed two MoUs with NBCC India Limited.
RECPDCL signed an MoU with BHEL for developing Renewable energy projects in India.
BHEL share price for the month of March was Rs.281.70
February:
BHEL received an order in Yamunanagar to set up Haryana's first Ultra Supercritical Thermal Power Plant with a capacity of 800 MW.
Coal India Limited (CIL) and BHEL signed a joint venture for the production of 2000 tons of ammonium nitrate daily using coal supply from CIL.
BHEL's share price was down by 1.20% to Rs. 210.75 after reporting a standalone net loss of Rs. 163 crores in Q3FY2024 against its YoY net profit of Rs. 31 crores in Q3FY2023.
As per Q3 FY2024 results, total expenses increased by 9% to Rs. 5816.87 crore, with EBITDA down by 83% to Rs. 41 crores.
BHEL share price for the month of February was Rs.247.30
January:
Dr. Mahendra Nath Pandey, Union Minister of Heavy Industries, inaugurated the newly constructed BHEL at Sadan.
BHEL share price for the month of January was Rs.227.55
Evolution Of BHEL: From Past to Present
1964: BHEL was established on 1st February as a part of the government's vision for a self-reliant India in the field of heavy electrical equipment manufacturing.
1970s: BHEL started expanding its product range and began manufacturing power plant equipment, including boilers, turbines, and generators.
1980s: The company achieved a significant milestone by producing its 1000 MW thermal set. It also diversified into the transportation sector by manufacturing electric locomotives.
1990s: BHEL began focusing on globalization and started exporting its products to various countries. It also ventured into the field of non-conventional energy systems.
2000s: The company continued its growth trajectory, expanding its manufacturing capabilities and entering new markets globally. It also focused on research and development to enhance its product offerings.
2010s: BHEL faced challenges due to the economic slowdown and increased competition. However, it continued to innovate and adapt to changing market dynamics.
2020s: BHEL has been focusing on diversifying its business portfolio and exploring new opportunities in areas such as renewable energy, transportation, and defence.
BHEL Company Information
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Company Information |
|
|
Name |
Bharat Heavy Electricals Limited |
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Founded year |
1956 |
|
Founder |
Government of India |
|
Headquarters |
New Delhi, India |
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Industry |
Aerospace Defence Electrical equipment Battery manufacturing Forging Locomotive Nuclear power Rail transport Hydropower Thermal power station Renewables |
|
Chairman |
Mr. K S Murthy |
|
Revenue |
Rs. 22136 crore (2022) |
|
NSE code |
NSE: BHEL |
|
BSE code |
BSE: 500103 |
Inside BHEL
BHEL News
BHEL's has entered into partnership with HIMA Middle East FZE, Dubai, for railway signalling business, with IICT to develop Carbon dioxide conversion technology for achieving net-zero goals, with Adani Power , with NTPC Limited, Singrauli Supercritical Thermal Power Plant , with NBCC India Limited and with RECPDCL for developing Renewable energy projects in India.
Coal India Limited (CIL) and BHEL signed a joint venture for the production of 2000 tons of ammonium nitrate daily using coal supply from CIL.
As per Q3 FY2024 results, total expenses increased by 9% to Rs. 5816.87 crore, EBITDA down by 83% to Rs. 41 crores. BHEL’s standalone net loss of Rs. 163 crores in Q3FY2024 against its YoY net profit of Rs. 31 crores in Q3FY2023.
BHEL Share Price NSE India Today
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COMPANY NAME |
SECTOR |
SHARE PRICE LINK |
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Bharat Heavy Electricals Limited |
Infrastructure |
Milestones of BHEL
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Year |
Milestones |
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1956 |
Established as Heavy Electricals (India) Limited at Bhopal (one plant) |
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1964 |
Incorporated as BHEL to manage three heavy electrical manufacturing plants. |
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1972 |
Integration of operations of 4 plants |
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1974 |
Merger of Heavy Electrical (India) Limited with BHEL |
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1980s |
Began providing 500 MW thermal power equipment. |
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1990s |
Became involved in wind energy, HVDC power transmission, and superconductivity, achieving ISO 9000 and ISO 14000 accreditations. |
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2004 -2005 |
Received the MOU Award for Excellence in Performance for the fiscal year 2004-05. |
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2005 - 2006 |
Received the FICCI Award for excellence in environmental conservation and pollution control. |
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2007 |
Introduced Gas Insulated Substations (GIS) as a new business line. |
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2008 |
Established a joint venture with TNEP for a 1600 MW thermal power plant at Udangudi. Signed an MoU with NTPC for EPC activities in the power sector. |
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2012 |
Engineered India's inaugural Ultra High Voltage AC 1200 kV Transformer. |
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2014 |
Secures WIPO Award for Innovative Enterprises. |
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2015 |
The commissioning of the fourth 270 MW coal-based thermal power plant took place at Rattan India Power Limited, located in Nandgaonpeth, Amravati. |
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2017 |
Began executing the 4000 MW Yadadri Supercritical Thermal Power Project and launched a modern 200 MW solar photovoltaic module manufacturing line in Bengaluru. |
|
2018 |
Booked orders worth Rs. 11,8000 crore (US$ 18.31 billion) by the end of 2017-18. Entered a technology transfer agreement with ISRO for manufacturing space-grade Lithium-ion cells. |
|
2019 |
BHEL received the 2019 Indian Green Energy Award for its 7.5 MWp Solar PV Plant in Trichy. Additionally, GAIL and BHEL signed a MoU for solar power projects, and BHEL secured an order from NPGCL, an NTPC unit. |
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2020 |
BHEL successfully commissioned Unit I of the 4x270 MW Bhadradri Thermal Power Project in Telangana and signed an MoU with Rosoboronexport, Russia, for joint projects and operations in Defence Systems. |
|
2021 |
In August 2021, BHEL secured its largest-ever order of Rs. 10,800 crores from NPCIL for EPC of a turbine island for 6 units of 700 MW. BHEL won a turnkey project for an 8 MWac solar power plant in Mauritius. |
|
2022 |
BHEL signed a long-term Technology License Agreement with Sumitomo SHI FW, Finland for CFBC Boilers in India and overseas. BHEL signed strategic MoUs with CIL and NLCIL for Coal Gasification plants. BHEL secured an order from HAL to supply heat exchanger sets for 83 LCA Tejas MK1A aircrafts. |
|
2023 |
BHEL SAMVAAD 3.0 aimed at self-reliance, involving diverse stakeholders and ministries. MoU with Greenstat Hydrogen India Pvt. Ltd. for collaboration in Green Hydrogen. Successful synchronisation of 660 MW Unit-2 at Maitree Super Thermal Power Project in Bangladesh. MoU with NPCIL for business opportunities in Nuclear Power Plants based on PHWR technology. Order for 80 Vande Bharat Trains in consortium with TWL. Order for renovation and modernization of steam turbines at Ukai thermal power station. Establishment of a Common Engineering Facility Centre for welding training by WRI of BHEL Trichy. |
Awards & Achievements of BHEL
2024
BHEL has won three SCOPE Awards for its R&D, Technology Development & Innovation and Digitalization categories.
Conclusion
Bharat Heavy Electricals Limited (BHEL) stands as a beacon of technological innovation and project execution prowess in the field of heavy electrical equipment. From its inception in 1956 to its current status as a global player, BHEL has continuously evolved, diversifying its portfolio and expanding its reach across sectors. Its commitment to excellence is evident in its achievements, such as introducing advanced boiler cleaning processes, developing cutting-edge transformers, and collaborating on transformative projects like magnetic levitation trains. With a strong focus on R&D and a dedication to meeting India's energy and infrastructure needs, BHEL remains at the forefront of India's industrial landscape.
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Frequently Asked Questions
What is BHEL Share price Today?
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What is BHEL Share Price target in 2024?
BHEL share price target for the year 2024 would be Rs. 310 and stop loss at Rs.265. It is to be noted that the Bharat Heavy Electricals stock price has increased by 100% in the last six months and by 250 % in the last 2 years. For real-time insights into the future of BHEL Share Price, visit Enrich Money
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