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Shares of Bharat Heavy Electricals Ltd (BHEL) opened higher on Monday, trading at Rs 268.75, up Rs 4.65 or 1.46 per cent at 9:18 am on the NSE, following reports that the company has bagged a significant Rs 6,500 crore order from Adani Power.
The order is for the supply and installation of six thermal power units, each with a capacity of 800 megawatts (MW), totaling 4,800 MW. This marks one of the largest thermal EPC (engineering, procurement and construction) orders for BHEL in recent years and signals a renewed capex cycle in India's thermal power sector.
The large-scale project win puts BHEL stock and the broader capital goods sector in the spotlight. The deal is expected to provide a strong boost to BHEL’s order book, enhance revenue visibility, and potentially improve profit margins over the next few quarters.
The stock’s rise also reflects increased investor interest in power infrastructure stocks, particularly those tied to Make in India, public sector undertakings (PSUs), and energy transition strategies. Analysts view this order as a key trigger for BHEL share price upside, especially if execution timelines remain strong.
The development aligns with the Indian government’s continued emphasis on domestic manufacturing, energy security, and infrastructure growth, making BHEL a potential beneficiary of upcoming thermal and renewable energy projects.
Market watchers will be closely tracking BHEL’s upcoming earnings, management commentary on order pipelines, and margin guidance. The Rs 6,500 crore Adani Power deal adds to growing momentum in the capital goods space, where firms like BHEL are expected to see further order wins amid strong demand for power generation capacity.
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