BHEL Shares Trade 5% Higher In Intraday On ₹10,300 Crore Bid; Nuclear Push Adds Momentum

Shares of Bharat Heavy Electricals Ltd (BHEL) rose over 5% on the stock exchanges on Thursday, 9 April. This marked their third straight session of gains, as fresh order prospects and developments in India’s nuclear programme lifted sentiment.

At 1:06 pm, BHEL shares were trading at ₹279.75 a piece, up by 5.25% on the Bombay Stock Exchange (BSE). During the same time, they were trading at ₹278.40 a piece, up by 4.78% on the National Stock Exchange (NSE).

Large Order Pipeline In Focus

The stock moved higher after reports that BHEL had emerged as the lowest bidder for a project worth nearly ₹10,300 crore. The order relates to the expansion of the Odisha Genco Thermal Power Station. With this bid, BHEL’s position as the lowest bidder, or L1, now spans projects worth close to ₹40,000 crore.

The Odisha project, if awarded, would mark one of the larger contracts in recent months and could support revenue visibility going ahead.

Nuclear Milestone Seen As Positive Trigger

Separately, India’s nuclear energy push also supported the stock. The Kalpakkam Prototype Fast Breeder Reactor (PFBR), built in India, reached first criticality. This is the point where the reactor begins a stable nuclear reaction on its own, without external support.

The development signals progress in India’s long-term nuclear power plans, an area where BHEL has an established presence.

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Company Flags Role In Nuclear Expansion

BHEL, in its FY25 annual report, highlighted its positioning in the nuclear segment. It also cited its track record in supplying nuclear steam generators and turbine systems as a key strength. The twin triggers came at a time when capital expenditure in the power sector is picking up.

Sources:

CNBC TV18

BHEL Annual Report