Shares of Bharat Heavy Electricals rose over 6% to an intraday high of Rs 425.30 apiece on November 4 after the company received four project orders from Adani Power. Each project was worth Rs 5,000 crore-Rs 7,000 crore. BHEL will supply boilers, turbines, generators, and auxiliaries to Adani Power. Each project is of 2X800 megawatts capacity.
Shares of the company rose for the third consecutive session, having gained over 9% during the period.
The Public Sector Undertaking's (PSU) order book stood at Rs 2,57,571 crore as of September 30, 2026, after it secured orders worth Rs 30,000 crore in the first half of FY27. Order inflows in Q2FY27 stood at Rs 4,000 crore, down from Rs 26,700 crore in Q1FY27 and Rs 30,000 crore in Q4FY26.
The company had reported inflows of Rs 21,900 crore in Q2FY26 and Rs 10,500 crore in Q1FY26.
Last month, BHEL reported a two-fold jump in consolidated net profit to Rs 820.94 crore for the September quarter, driven by higher income from key business verticals such as power and industry.