Bharat Heavy Electricals Debt & Borrowing: ₹500 Cr
Bharat Heavy Electricals Limited has redeemed Commercial Papers worth Rs. 500 Crore. The payment was made to all holders on the maturity date of September 25, 2026.
- Value
- ₹500.0 Cr
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Bharat Heavy Electricals Limited has redeemed Commercial Papers worth Rs. 500 Crore. The payment was made to all holders on the maturity date of September 25, 2026.
Bharat Heavy Electricals Limited announced that Shri Y Srinivasa Rao superannuated as Executive Director. Shri Chittimouj Gowri Shankar was appointed as General Manager and Head of HPVP.
BHEL entered a Tripartite Agreement with Bigshare Services (new RTA) and Alankit Assignments (old RTA) to transfer registrar functions. This is a routine administrative change of its Registrar and Share Transfer Agent.
BHEL signed a Joint Venture Agreement with Titagarh Rail Systems Limited to form a JVC for maintaining Vande Bharat Sleeper Trainsets for 35 years.
BHEL and Titagarh Rail Systems will form a 50:50 joint venture company for the 35-year maintenance of Vande Bharat Sleeper trainsets.
BHEL's Board approved a further Rs. 65 Crore equity investment in its joint venture, NTPC BHEL Power Projects Private Limited (NBPPL), to support operations.
BHEL intimates the CAG's appointment of joint statutory and branch auditors for FY 2026-27. S. Venkatram & Co LLP, Chennai, is newly appointed as a branch auditor.
BHEL received fines of Rs. 11.03 lakh each from BSE and NSE for non-compliance with LODR board composition regulations. The company is seeking a waiver.
Bharat Heavy Electricals Limited announced the cessation of Mr. Sumeet Salhotra as General Manager & Head. The departure is due to superannuation effective August 25, 2026.
Life Insurance Corporation of India reduced its stake in Bharat Heavy Electricals Ltd from 7.614% to 5.607%. The non-promoter entity sold shares via the open market.
BHEL has entered a strategic partnership with Hystar AS, Norway for PEM Electrolyser Systems. The agreement supports local manufacturing for green hydrogen projects under the Make in India initiative.
BHEL's credit rating was upgraded by India Ratings & Research. Long Term Rating moved from 'IND AA-' to 'IND AA/Stable'.
Bharat Heavy Electricals Limited held its 62nd AGM on August 5, 2026. The company submitted the meeting proceedings and consolidated voting results to the exchanges.
BHEL received a customs duty demand and penalty order totaling Rs. 9,28,872 from Chennai Customs. The order cites wrong availment of Basic Customs duty benefits.
BHEL clarified that news regarding the successful development of its 1200 kV Transformer refers to events from 2011-2012, clarifying that this information is over a decade old.
BHEL reports a sharp turnaround in Q1FY27 with 40% revenue growth and positive EBITDA/PAT, driven by a record order book and diversification into non-thermal sectors.
Bharat Heavy Electricals Ltd reported revenue from operations of ₹7,698 Cr (+40.3% YoY) and net profit of ₹376.7 Cr for Q1 FY27.
BHEL’s FY 2025-26 Annual Report shows revenue of ₹33,782 Crore, profit after tax of ₹1,578 Crore. Order inflow hit ₹75,916 Crore, lifting the order book to ₹2,39,057 Crore.
BHEL announced its Annual General Meeting on 5 Aug 2026, adopting FY 2025-26 financial statements and declaring a dividend. The meeting also re‑appoints directors and ratifies auditor remuneration.
BHEL issued notice for its 62nd AGM, proposing a 70% dividend and ratifying cost auditor fees of Rs.17.36 Lakhs. Shareholders may vote electronically.
BHEL scheduled a board meeting on July 16, 2026, to approve unaudited financial results. The trading window remains closed until July 18, 2026.
BHEL signed a strategic agreement with thyssenkrupp nucera India for alkaline electrolyser systems. The tie‑up will enhance domestic green‑hydrogen manufacturing.
BHEL's credit rating was upgraded by CRISIL to AA/Stable. The rating covers Rs 80,000 Crore of bank loan facilities.
BHEL certified utilization of Rs.1,050 Crore commercial paper proceeds for the quarter ended 30‑June‑2026. The statement confirms compliance with SEBI CP listing conditions.
BHEL’s 62nd AGM is set for 5 Aug 2026 (video‑conference) and the board fixed 17 July 2026 as record date for a final dividend of Rs 1.40 per share.
BHEL set a record date of June 25, 2026, for the redemption of its commercial paper maturing on June 29, 2026. This is a routine debt maturity event with no financial impact on operations.
BHEL's credit rating has been upgraded to CARE AA/Stable by CARE Ratings. The upgrade reflects improved long‑term financial standing.
BHEL secured a ₹90 Crore contract from Damodar Valley Corporation for the Durgapur power station. The 10-month project involves advance engineering and ordering critical items.
BHEL secured a major EPC contract exceeding ₹21,000 Crore for a thermal power project in Uttar Pradesh. The project spans 70 months, enhancing revenue visibility.
BHEL secured a ₹2000 Crore international contract from Dangote Petroleum Refinery for eight gas turbine generator packages. The project reinforces BHEL's global presence in the refinery sector.