Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
The project is scheduled to be commissioned within 39 months from the effective date of the contract.
The order is considered significant for the industry and is valued in the range of Rs 1,200 crore to Rs 1,500 crore.
BHEL clarified that none of its promoters or promoter group entities have any interest in the awarding authority. The company also stated that the transaction does not fall under related-party transactions as per applicable regulatory norms.
Bharat Heavy Electricals (BHEL) is an integrated power plant equipment manufacturer, engaged in the design, engineering, manufacturing, erection, testing, commissioning, and servicing of a diverse range of products and systems. The company caters to key sectors of the Indian economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defence. BHEL is the flagship engineering and manufacturing enterprise of India and is owned and operated by the Government of India.
Steel Authority of India (SAIL) is the leading steel-making company in India. The company is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive, and defense industries, as well as for export markets.
Shares of Bharat Heavy Electricals (BHEL) rose 0.48% to Rs 264.05, while Steel Authority of India advanced 1.87% to Rs 160.30 on the BSE.
The Government of India, the company’s promoter, is offering a base lot of 10.44 crore shares, representing 3.00% of the company’s equity. The offer includes an oversubscription option for an additional 6.96 crore shares or 0.79% stake, taking the total potential divestment to 17.4 crore shares, or 5.00% stake.
The floor price has been set at Rs 254 per share, a discount of 7.99% to the stock’s previous close of Rs 276.05 on January 27, 2026.
The OFS opened on February 11 for non-retail investors. Retail investors can participate on February 12, along with non-retail bidders carrying forward unallotted bids. The offer is being conducted through a special window on the BSE and NSE during market hours.
By 2:00 p.m. on T Day, the non-retail portion was subscribed 12.99% of the base offer size. Bids were received for 1.22 crore shares against 9.40 crore shares on base non-retail offer.
As of December 2025, the Government of India held a 63.17% stake in Bharat Heavy Electricals.
The company's consolidated net profit surged 189.82% to Rs 390.40 crore while revenue from operations rose 16.43% to Rs 8,473.10 crore in Q3 December 2025 over Q3 December 2024.
In the cash market, the Nifty 50 index advanced 18.70 points or 0.07% to 25,953.85.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1% to 11.56.
State Bank of India(SBI), Bharat Heavy Electrical (BHEL) and HDFC Bank were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The February 2026 F&O contracts will expire on 24 February 2026.
The order, awarded through a domestic tender, is valued at approximately Rs 1,200-1,500 crore. Commissioning of the BTG package is scheduled within 35 months for Unit 1 and 37 months for Unit 2 from the effective date of the contract.