Rs 2,04,375 crore order book: Thermal power company signs MoU with Horizon Fuel Cell Technologies Pte Ltd
DSIJ Intelligence-1 / 08 Sep 2025/ Categories: Mindshare, Trending
The company’s order book stands at Rs 2,04,375 crore and the stock is up by 24.43 per cent from its 52-week low of Rs 176 per share.
Bharat Heavy Electricals Limited (BHEL) has signed a long-term exclusive Memorandum of Understanding (MoU) with Horizon Fuel Cell Technologies Pte Ltd, Singapore. This agreement focuses on developing Hydrogen Fuel Cell-Based Rolling Stock for the domestic market. The partnership grants BHEL an exclusive arrangement for ten years, intending to create and enter a new market segment for both companies.
Earlier, the company secured a domestic order worth approximately Rs 2,600 crore (excluding GST) from MB Power (Madhya Pradesh) Limited. The Letter of Intent (LOI), accepted on September 3, 2025, pertains to the supply of key equipment—a Boiler, Turbine, and Generator—for a 1x800 MW thermal power project located in Anuppur, Madhya Pradesh. This project will utilise supercritical technology. The equipment is scheduled to be supplied within 58 months, with the boiler to be manufactured at BHEL's Tiruchirappalli plant and the turbine generator at its Haridwar plant. A formal contract will be signed soon to finalise the agreement.
About the Company
Bharat Heavy Electricals Ltd (BHEL), a leading public sector enterprise under the Ministry of Heavy Industries and Public Enterprises, has been at the forefront of India's power sector for over six decades. With a strong track record in the design, engineering, and manufacturing of a wide range of power generation equipment, BHEL has played a pivotal role in powering the nation's economic growth. BHEL Limited manufactures various power plant equipment.
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Results: According to the Quarterly Results (Q1FY26), the company reported a revenue of Rs 5,487 crore, an EBITDA loss of Rs 352 crore, a Loss before Tax of Rs 607 crore, and a net loss of Rs 455 crore. In its annual results, the net sales increased by 19 per cent to Rs 28,339 crore and net profit increased by 97 per cent to Rs 513 crore in FY25 compared to FY24.
The company has a market cap of over Rs 75,000 crore. The President of India’s portfolio owns 63.17 per cent and Life Insurance Corporation of India’s portfolio owns 6.88 per cent as of June 2025. The company’s order book stands at Rs 2,04,375 crore and the stock is up by 24.43 per cent from its 52-week low of Rs 176 per share.
Disclaimer: The article is for informational purposes only and not investment advice.