The share price of Bharat Heavy Electricals (BHEL) increased by 2% on 11 April after the company signed a long-term (10-year) Memorandum of Understanding (MOU) with Nuovo Pignone International s.r.l. to address compressor revamp opportunities in India’s fertiliser sectors. 

BHEL would be the principal (lead) bidder to the specified clients for addressing the compressor train overhaul business possibilities in India’s fertiliser sector, and Nuovo Pignone International will be nominated as a vendor to BHEL under the subject MoU with a specific scope of work.

On 3 April, Rajasthan Part I Power Transmission, a 100% subsidiary of Adani Energy Solutions (AESL), signed a contract with Hitachi Energy India to design and build 6,000 MW, ±800 kV, bi-pole, and bi-directional high-voltage direct current (HVDC) terminals to transport renewable energy from Bhadla, Rajasthan, to the industrial and transportation hub in Fatehpur, Uttar Pradesh.

On 28 March, a Letter of Intent (LoI) for a project worth Rs 11,800 crore was delivered to the corporation by the Chhattisgarh State Power Generation Corporation Limited (CSPGCL).

The share hit a 52-week high of Rs 335.40 on 9 July 2024, and a 52-week low of Rs 176.00 on 3 March 2025.

At 12:30 pm, the shares of BHEL were trading 1.74% higher at Rs 215.50 on NSE.

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