LIC holds 6.21% stake; President of India-backed Defence Company Approves JV and Rs 3,064 crore Investment Plan

The share price of Bharat Heavy Electricals (BHEL) is in focus after the company’s board approved a joint venture agreement with Titagarh Rail Systems Ltd for the maintenance of Vande Bharat Sleeper trains, along with an equity investment of Rs 3,064.46 crore in its joint venture with Coal India Ltd.

As of  March 19, 2026, the share price of BHEL closed at Rs 253, which is down around 17.3 per cent from its 52-week high of Rs 305.90 recorded on January 7, 2026.

BHEL: Board approves JV and investment plan

BHEL announced that its board has approved a joint venture (JV) agreement with Titagarh Rail Systems Ltd for the comprehensive maintenance of Vande Bharat Sleeper trains. The company will proceed with the JV after obtaining necessary approvals, including clearance from DIPAM. A joint venture with Coal India Ltd., BHEL will hold a 49 per cent stake, while Coal India will hold 51 per cent.

In addition, the board has approved an investment of Rs 3,064.46 crore as BHEL’s equity contribution in Bharat Coal Gasification and Chemicals Limited (BCGCL), a joint venture with Coal India Ltd. The investment will be made over a period of four years.

BHEL Shareholding Pattern: FII and DII increase stake

FII holding in Bharat Heavy Electricals Ltd (BHEL) witnessed a QoQ increase to 6.28 per cent in December 2025 from 6.23 per cent in September 2025. DII holding also increased to 19.70 per cent from 18.62 per cent. Promoter holding remained stable at 63.17 per cent, while public shareholding declined QoQ to 10.85 per cent from 11.98 per cent.

The President of India holds a 63.17 per cent stake in BHEL, while LIC holds 6.21 per cent in December.

About Bharat Heavy Electricals

Bharat Heavy Electricals Ltd (BHEL) is a Government of India-owned engineering and manufacturing company engaged in the design, development, and execution of power generation equipment and infrastructure projects. The company operates across sectors such as power, transmission, transportation, Defence, and renewable energy. BHEL manufactures a wide range of products, including boilers, turbines, generators, and electrical equipment, and provides services such as engineering, procurement, and Construction (EPC). It has a strong presence in both domestic and international markets, primarily catering to utilities, industrial clients, and government projects.

The company has a market capitalisation of Rs 87,677 crore. It has been maintaining a healthy dividend payout of 28.2 per cent. The company’s book value stands at Rs 70.1 per share, and it has recorded a revenue growth of 10 per cent CAGR over the past three years.

Disclaimer: The article is for informational purposes only and not investment advice.