The MoU, signed on April 9, 2025, will remain in effect for 10 years unless extended by mutual consent. Under the agreement, BHEL will act as the lead bidder for targeted compressor train revamp projects in India, while Nuovo Pignone will serve as the nominated vendor with a defined scope of work.
The tie-up does not involve any equity transfer or formation of a joint venture, and no upfront consideration has been exchanged. The collaboration is expected to help BHEL tap into compressor revamp projects with an estimated ~50% business share in financial terms, improving its presence in the fertilizer sector’s repair and maintenance segment.
Also Read: BHEL shares surge after bagging ₹7,500 crore contract from Gujarat State Electricity Corporation
For the third quarter, net profit for the company increased by 170% to ₹124 crore, while its revenue grew by 32% from last year to ₹7,277 crore. Although revenue was a beat, the net profit was a miss on analyst estimates of ₹175 crore.
BHEL’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA), grew by 40% to ₹304 crore, while margin expanded 30 basis points to 4.2% from 3.9% last year. The margin expansion was kept in check due to a steep jump in other expenses.
BHEL’s order inflow surged by 167% from last year to ₹6,860 crore, while its order book grew by 47% year-on-year to ₹1.6 lakh crore. Revenue from the power segment grew by 32% to ₹5,588 crore, while industrial segment revenue also increased by 33% to ₹1,688.6 crore. Margins for both these businesses saw an expansion on a year-on-year basis.
Also Read: Hitachi Energy and BHEL consortium secures contract from Rajasthan Part I Power Transmission
Shares of Bharat Heavy Electricals Ltd ended at ₹211.80, up by ₹0.85, or 0.40%, on the BSE.
