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BHEL Secures ₹6,500 Crore Adani Power Contract as Shares Rally

Winning the contract bolsters BHEL’s project pipeline, sending its market capitalization close to ₹95,000 crore.

BHEL shares rally after order win from Adani Power, check details
BHEL Share Price Target 2025 | Image: Pixabay (Representational)
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Overview

  • BHEL received a letter of award from Adani Power for six 800 MW thermal units valued at ₹6,500 crore on June 27.
  • The order covers supply of steam turbine generators with auxiliaries and supervision of erection and commissioning for all six units.
  • Shares of BHEL rose over 3%, peaking at ₹272.10, and propelled its market valuation toward ₹95,000 crore.
  • The new award strengthens a robust order backlog of about ₹1.96 lakh crore ahead of FY 2026, enhancing execution visibility.
  • In Q4 FY 2025, BHEL’s standalone net profit climbed 4% to ₹504.05 crore on revenue of ₹8,993.37 crore and it declared a ₹0.50 per share dividend.