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Bharat Heavy Electricals Limited is pursuing coal gasification and coal-to-chemicals opportunities. The company expects progress in hydro power and pumped-storage projects this fiscal year. This strategic shift follows a recent assessment regarding its Maharatna company status. BHEL holds a substantial executable order book, with thermal business as its main anchor. The firm aims to build growth in non-thermal sectors as the power industry evolves. View More
New Delhi: State-run Bharat Heavy Electricals Ltd (BHEL) is targeting opportunities in coal gasification and coal-to-chemicals as part of efforts to bolster its financial health. While BHEL will commission fewer coal-fired power plants this fiscal year, it's expected to make progress in hydro power, pumped-storage projects and renovation and modernisation of ageing hydro plants, said company executives. BHEL's latest initiatives followed a rap from the Centre after the company failed to meet the criteria for Maharatna companies, raising the possibility that it may be downgraded to Navratna status . Also read: BHEL, Titagarh Rail to form JV for Vande Bharat sleeper maintenance According to an assessment in June, BHEL didn't meet the criteria of having an average annual profit after tax of more than ₹5,000 crore during the last three years for its Maharatna status. Live Events "BHEL has a record executable order book of around ₹2.60 lakh crore, with the core thermal business continuing to remain its principal revenue anchor," a senior company executive told ET. "However, the company is seeking to build additional growth engines in strategic non-thermal businesses as the power sector undergoes a structural shift." BHEL also has an outstanding hydro order book of about ₹5,500 crore. "Leveraging the established hydro-equipment and project-execution capabilities to participate in upcoming pumped-storage projects, equipment supplies, rehabilitation work and associated electrical systems is a growing opportunity," the executive said. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
CEA V Anantha Nageswaran said India's economic momentum remained intact despite global risks and expressed confidence in meeting the FY27 fiscal deficit target. View More
On September 16, investors will monitor companies such as Tata Communications and Aurobindo Pharma due to various business updates, including new product launches, joint ventures, and settlement agreements. View More
Thermax Engineering Construction Company (TECC), a wholly owned subsidiary of Thermax, has incorporated a Company with the name Thermax Botswana Proprietary and the Certificate of Incorporation for Thermax Botswana Proprietary has been issued by the Companies and Intellectual Property Authority (CIPA), Botswana on 14 September 2026. View More
Bharat Heavy Electricals and Titagarh Rail Systems will hold equal stakes in the proposed company, with each owning 50 per cent View More
The current commercial capacity of NTPC Green Energy group stands at 10,836.56 MW. With this addition of the above, the total installed capacity of the NTPC Green Energy group will increase to 10,842.86 MW. View More
Key developments this week include HDFC Bank’s leadership transition, regulatory changes for brokerages, BHEL’s significant investments, strategic partnerships in technology and mining, and major acquisitions and production milestones from Lenskart, Gland Pharma, and Elin Electronics. View More
BHEL approved a ?65 crore investment in its joint venture NBPPL with NTPC Ltd to settle urgent liabilities and maintain operations. The investment aims to be completed in FY2026-27, and no regulatory approvals are needed. BHEL will retain a 50% shareholding in NBPPL. View More
Bharat Heavy Electricals Limited has approved an equity investment of sixty-five crore rupees. This investment will be made in its joint venture with NTPC Limited. The joint venture company is named NTPC BHEL Power Projects Private Limited. This entity focuses on power plant contracts and equipment manufacturing. View More
New Delhi: State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Monday said that its board has approved further equity investment of Rs 65 crore in NTPC BHEL Power Projects , a joint venture with NTPC Ltd . The main objective of the JVC is to carry out EPC contracts for power plants and other infrastructure projects, as well as manufacture and supply of equipment in India and abroad. "Board of Directors in its Meeting held today (September 14, 2026) has, inter-alia, approved further investment of Rs 65 crore (in one or more tranches) as BHEL's equity contribution in NTPC BHEL Power Projects Private Limited (NBPPL), BHEL's Joint Venture with NTPC Ltd," an exchange filing said. Also read: India approves 18-hour export of power a day to Nepal till year-end NBPPL is a joint venture company of BHEL and NTPC Limited with 50:50 equity shareholding. Live Events The equity investment will be made at the face value by both the promoter companies, and the same is done at arm's length. NBPPL was incorporated in April 2008 to execute EPC contracts for power plants and manufacture power plant equipment. BHEL stated that the 50 per cent shareholding is maintained. In 2025-26, NBPPL's turnover was Rs 1.04 crore (provisional), in 2024-25, it was Rs 3.48 crore and Rs 18.19 crore in 2023-24. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
The JVC aims to execute EPC contracts for power plants and infrastructure projects and to manufacture and supply equipment both in India and abroad View More