Overview

• BHEL’s exchange filing on June 27 confirmed the Rs 6,500 crore deal to provide steam turbine generators, auxiliaries and oversee erection and commissioning for six 800 MW units
• The contract boosts BHEL’s record order book, which reached Rs 1.96 lakh crore in FY2024–25 alongside a 19% revenue increase
• Adani Power’s share price surged nearly 5% after the company applied to distribute electricity across multiple regions of Maharashtra
• The 31 GW capacity target by 2030 was reiterated by Chairman Gautam Adani at the annual general meeting earlier this month
• Analyst sentiment on BHEL remains divided with seven buy, three hold and seven sell ratings and an average 12-month price target implying a 13.2% downside