The MoU, signed on April 9, 2025, will stay in impact for 10 years except prolonged by mutual consent. Beneath the settlement, BHEL will act because the lead bidder for focused compressor practice revamp tasks in India, whereas Nuovo Pignone will function the nominated vendor with an outlined scope of labor.
The tie-up doesn’t contain any fairness switch or formation of a three way partnership, and no upfront consideration has been exchanged. The collaboration is predicted to assist BHEL faucet into compressor revamp tasks with an estimated ~50% enterprise share in monetary phrases, bettering its presence within the fertilizer sector’s restore and upkeep section.
Additionally Learn: BHEL shares surge after bagging ₹7,500 crore contract from Gujarat State Electrical energy Company
For the third quarter, web revenue for the corporate elevated by 170% to ₹124 crore, whereas its income grew by 32% from final yr to ₹7,277 crore. Though income was a beat, the online revenue was a miss on analyst estimates of ₹175 crore.
BHEL’s Earnings Earlier than Curiosity, Tax, Depreciation and Amortisation (EBITDA), grew by 40% to ₹304 crore, whereas margin expanded 30 foundation factors to 4.2% from 3.9% final yr. The margin enlargement was stored in examine as a consequence of a steep leap in different bills.
BHEL’s order influx surged by 167% from final yr to ₹6,860 crore, whereas its order guide grew by 47% yr-on-yr to ₹1.6 lakh crore. Income from the ability section grew by 32% to ₹5,588 crore, whereas industrial section income additionally elevated by 33% to ₹1,688.6 crore. Margins for each these companies noticed an enlargement on a yr-on-yr foundation.
Additionally Learn: Hitachi Vitality and BHEL consortium secures contract from Rajasthan Half I Energy Transmission
Shares of Bharat Heavy Electricals Ltd ended at ₹211.80, up by ₹0.85, or 0.40%, on the BSE.
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