Two factors are contributing to the surge seen in the stock price in today’s session.
First is CNBC-TV18’s report from Wednesday, citing industry sources that the company has emerged as the lowest bidder for a package valued at nearly ₹10,300 crore.
The project pertains to Odisha Genco Thermal Power Station expansion project. With this, BHEL is now the L1 or the lowest bidder in projects worth nearly ₹40,000 crore.
CNBC-TV18 has reached out to BHEL and is awaiting a response. BHEL’s current order book stands at ₹2.2 lakh crore.
Second factor being India taking a major step towards energy independence, when the indigenously designed and built Kalpakkam Prototype Fast Breeder Reactor (PFBR) attained first criticality.
First criticality is the step when a nuclear reactor first achieves a self-sustaining, controlled chain reaction.
BHEL could also be a potential beneficiary of India’s nuclear transformation.
“In nuclear energy, BHEL is positioned to contribute meaningfully to India’s long-term goals, with the national target of 100 GW by 2047 and development of Small Modular Reactors by 2033. The Company’s track record in nuclear steam generators and turbine systems supports this strategic direction,” the company had stated in its Annual Report for 2025.
Shares of BHEL are now trading 5.4% higher on Thursday at ₹280.6. The stock has gained 14% in the last three trading sessions. The stock is also nearing its 52-week high of ₹310.
(BHEL’s order win newsbreak by Vivek Iyer)
