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CNBC TV18•09-01-2026, 09:19

BHEL Secures ₹5,400 Cr Odisha Order; Shares Surge

  • •BHEL shares gained after securing a ₹5,400 crore order from its JV with Coal India Ltd. in Odisha.
  • •The order is for a coal gasification and raw syngas cleaning plant for a 2,000 TPD ammonium nitrate project.
  • •The contract includes design, engineering, equipment supply, civil works, commissioning, and 60 months of O&M services.
  • •UBS maintained a "buy" rating on BHEL with a ₹375 price target, citing the first commercial use of BHEL's PFBG technology.
  • •BHEL shares were up 1.5% on Friday, recovering from a previous fall linked to a Reuters report on Chinese companies.

Why It Matters: BHEL's ₹5,400 crore Odisha order boosts shares, marking a key tech milestone despite market volatility.

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