12 stories mentioning BOM:500103
Every FINWIRES story that references BOM:500103, newest first.
CARE Ratings upgraded its long-term rating on Bharat Heavy Electricals' (NSE:BHEL, BOM:500103) bank financing to AA from AA- and affirmed its short-term bank financing at A1+, according to an Indian bourse filing on Friday.The rating outlook is stable, the filing said.Shares of the company rose nearly 2% in recent trade.
Bharat Heavy Electricals (NSE:BHEL, BOM:500103) has received a Limited Notice to Proceed (LNTP) from Damodar Valley Corporation (DVC) for the main plant package of a 1x800 MW thermal power project at Durgapur, according to a filing.The LNTP, worth over 900 million rupees excluding GST, allows BHEL to begin engineering work and ordering of long-lead items for the boiler, turbine and generator package, the filing said.The contract is valid for 10 months from the date of issue, the company said, adding that the main supply and execution order is awaited.
Ritco Logistics (NSE:RITCO, BOM:542383) secured new transportation contracts worth around 100.7 million Indian rupees in May, according to a Saturday filing to the Indian stock exchanges.Of the total, orders worth 93 million have been received through its polymer and PSU segment, including two contracts valued at a combined 58 million rupees from Rashtriya Ispat Nigam.Under its infrastructure, engineering, and industrial goods segment, it bagged a one-year contract with BHEL (NSE:BHEL, BOM:500103) and two contracts from RenewSys.
Indian benchmark indices ended modestly lower on Friday, giving up early gains as investors assessed the Reserve Bank of India's latest economic projections and booked profits following the monetary policy announcement.The BSE Sensex fell 116.67 points, or 0.2%, to close at 74,243.34, while the NSE Nifty 50 declined 49.85 points, or 0.2%, to settle at 23,366.70.Markets traded in a volatile range after the RBI left the repo rate unchanged at 5.25%, in line with expectations. However, the central bank highlighted risks stemming from the prolonged West Asia conflict, elevated energy prices and global supply-chain disruptions.Investor sentiment was weighed down by the RBI's revised forecasts, which raised its inflation estimate for 2026-27 to 5.1% from 4.6% and lowered its GDP growth projection to 6.6% from 6.9%. The central bank cited the impact of higher global energy prices on domestic fuel costs and broader economic activity.In corporate developments, Bharat Heavy Electricals (NSE:BHEL, BOM:500103) secured an engineering, procurement and construction contract worth 210 billion rupees from Meja Urja Nigam for the 3x800 MW Meja Supercritical Thermal Power Project Stage-II in Uttar Pradesh.Glenmark Pharmaceuticals (NSE:GLENMARK, BOM:532296) said its U.S. subsidiary launched Lacosamide Injection USP, a generic version of Vimpat Injection, for the treatment of certain seizure disorders.
Bharat Heavy Electricals (NSE:BHEL, BOM:500103) has received an EPC order worth 210 billion rupees from Meja Urja Nigam for the 3x800 MW Meja Supercritical Thermal Power Project Stage-II in Prayagraj, Uttar Pradesh, according to an Indian bourse filing on Friday.The scope covers "design, engineering, manufacturing, supply, construction, erection, testing and commissioning works," the filing said. The project is scheduled for completion within 70 months from the date of award, it added.Meja Urja Nigam is a 50:50 joint venture between NTPC (NSE:NTPC, BOM:532555) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd., according to the filing.Bharat Heavy Electricals shares fell nearly 1% in recent trade.
Bharat Heavy Electricals (NSE:BHEL, BOM:500103) has bagged an order worth between 20 billion Indian rupees and 25 billion rupees from Nigeria's Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise, according to a Thursday filing to the Indian stock exchanges.The contract is for the design, manufacturing, supply, and supervision of the erection and commissioning of eight units of gas turbine generator packages for their petroleum refinery and polypropylene plant in the Dangote Industries Free Zone of Nigeria. The order excludes civil work.The project is expected to be completed in 26 months.
Indian benchmark indices closed lower on Friday, ending a two-day winning streak, as profit booking intensified amid weak global cues, higher crude oil prices, and continued pressure on the rupee.The BSE Sensex fell 160.73 points, or 0.2%, to close at 75,237.99, while the NSE Nifty 50 declined 46.10 points, or 0.2%, to settle at 23,643.50.Market sentiment stayed subdued as investors tracked a sharp rise in crude oil prices and the rupee's slide to a fresh record low of over 96 rupees against the U.S. dollar. Persistent foreign outflows added to pressure on the domestic currency.In corporate developments, Indobell Insulations (BOM:544334) secured a 13.9 million rupee domestic contract from Bharat Heavy Electricals (NSE:BHEL, BOM:500103) for thermal insulation work, scheduled for completion by July 2027.Lupin (NSE:LUPIN, BOM:500257) announced the launch of Atharv Ability in New Delhi, a neuro-rehabilitation center focused on multidisciplinary treatment for neurological disorders, as per a stock exchange filing.Separately, Indian billionaire Gautam Adani and Sagar Adani reached a settlement with the U.S. Securities and Exchange Commission in a civil case, agreeing to pay civil penalties of $6 million and $12 million, respectively, without admitting or denying the allegations.
Indobell Insulations (BOM:544334) bagged a domestic order worth 13.9 million Indian rupees from Bharat Heavy Electricals (NSE:BHEL, BOM:500103), according to a BSE filing on Friday.The contract is for the supply and application of thermal insulation by July 2027.The company's shares were up nearly 5% in recent trade.
Larsen & Toubro's (NSE:LT, BOM:500510) hydrocarbon business has secured a "significant" order valued between 10 billion Indian rupees and 25 billion rupees, from Bharat Coal Gasification and Chemicals, according to a Friday filing to the Indian stock exchanges.Bharat Coal is a joint venture of Coal India (NSE:COALINDIA, BOM:533278) and Bharat Heavy Electricals (NSE:BHEL, BOM:500103).The contract is for developing a coal-to-ammonium-nitrate project in Odisha, India, to enable downstream manufacture of nitric acid and ammonium nitrate.The scope of work includes the process licence, basic design, detailed engineering, procurement and construction, overall project management, and final handover of the ammonia synthesis unit and its associated facilities.The company's shares were down over 1% in recent trade.
The hydrocarbon onshore business of Larsen & Toubro (NSE:LT, BOM:500510) has secured a "large order," valued between 25 billion Indian rupees and 50 billion rupees, from Bharat Coal Gasification and Chemicals, a joint venture of Coal India (NSE:COALINDIA, BOM:533278) and Bharat Heavy Electricals (NSE:BHEL, BOM:500103).The contract involves the establishment of a coal-to-ammonia-nitrate facility in Odisha, India, according to a Tuesday filing to the Indian stock exchanges.Larsen & Toubro will set up a nitric acid and ammonium nitrate plant, to be executed on a lump sum turnkey basis. The facility enables the conversion of coal into ammonium nitrate at a production capacity of 2,000 tons per day.Larsen & Toubro shares were down over 1% in recent trade.
Indian benchmark indices ended higher on Monday, supported by buying in heavyweight stocks, improving earnings outlook, and optimism around election trends.The BSE Sensex rose 355.90 points, or 0.5%, to close at 77,269.40, while the NSE Nifty 50 gained 121.75 points, or also 0.5%, to settle at 24,119.30.Sentiment improved as investors tracked early trends from Assembly Elections across key states of India. Expectations of political stability in the country and continuity in economic policies supported the market.Hopes of progress in U.S.-Iran peace talks also contributed to the positive tone of the markets. Iran has reportedly submitted a 14-point proposal to Pakistan to end the conflict with U.S. on all fronts.Among stocks, Bharat Heavy Electricals (NSE:BHEL, BOM:500103) surged 7% after reporting a sharp rise in consolidated profit to 12.9 billion rupees in Q4 from 5.04 billion rupees a year earlier, according to a Monday filing. Revenue from operations increased to 123.1 billion rupees from 89.9 billion rupees.HFCL (NSE:HFCL, BOM:500183) gained nearly 9% after the company and its subsidiary secured orders worth 842.3 million rupees for supply of optical fiber cables, according to a filing.Bajaj Auto (NSE:BAJAJ-AUTO, BOM:532977) rose over 1% after total vehicle sales jumped 40% year-on-year in April to 513,792 units, according to a Monday filing.
Bharat Heavy Electricals' (NSE:BHEL, BOM:500103) consolidated attributable profit shot up to 12.9 billion Indian rupees in the fiscal fourth quarter ended March 31, from 5.04 billion rupees a year ago.Earnings per annum climbed to 3.71 rupees from 1.45 rupees a year earlier, the engineering and manufacturing company said in a filing to the Indian stock exchanges on Monday.Revenue from operations in fiscal Q4 also rose to 123.1 billion rupees from 89.9 billion rupees a year ago.The company's board has recommended a final dividend of 1.40 rupees per share of 2 rupees each for the financial year 2025-26.The company's shares were up over 7% in recent trade.