BHEL Gets ₹183.77 Cr GST Relief from Telangana; Shares Surge 3% to New High

• Telangana Commercial Tax Department quashed a ₹183.77 crore GST demand against BHEL for FY 2021-22.
• The decision relates to a show-cause notice for ₹184.55 crore; BHEL will appeal the remaining ₹1.43 crore demand.
• BHEL shares jumped 3% to a new 52-week high of ₹300.85, pushing its market capitalization over ₹1 lakh crore.
• Government holds a 63.17% stake in BHEL; company reported strong Q2 FY25 financials.
• Analysts have varied ratings: ICICI Securities 'Buy' (target ₹370), Prabhudas Lilladher 'Hold' (target ₹250).

Why It Matters: BHEL receives major GST relief, boosting share price and market confidence.