BHEL share price trades at ₹275 at noon, up 1.20%, after early surge and mild profit-booking during intraday trade
Shares of Bharat Heavy Electricals Limited (BHEL) traded higher on Friday, January 9, as investors reacted positively to the company’s ₹5,400 crore order win for a coal gasification project in Odisha. Although the stock witnessed some intraday volatility after a strong start, it continued to trade in positive territory by midday.
At around 12:00 PM IST, the BHEL share price stood at ₹275 on the NSE, registering a gain of ₹3.25 or 1.20 per cent compared to the previous closing price of ₹271.75.
BHEL Secures ₹5,400 Crore Coal Gasification Project
BHEL secured the major order from Bharat Coal Gasification and Chemicals Limited (BCGCL). Importantly, BCGCL operates as a joint venture between Coal India Limited, which holds a 51 per cent stake, and BHEL, which owns the remaining 49 per cent.
The project is located at Lakhanpur in the Jharsuguda district of Odisha. Moreover, the facility forms a key part of a coal-to-ammonium nitrate manufacturing plant, aimed at strengthening India’s domestic industrial capacity.
Under the contract, BHEL will execute the Coal Gasification and Raw Syngas Cleaning Plant, also known as the LSTK-1 package.
Full Scope of Work Assigned to BHEL
As part of the agreement, BHEL will handle the entire execution of the project. Specifically, the company will manage engineering, procurement, and construction activities. In addition, it will design the plant, supply equipment, carry out civil works, and complete erection and commissioning.
Furthermore, BHEL will conduct performance guarantee testing and provide operations and maintenance services for up to five years after the plant becomes operational.
Notably, BHEL will use its indigenously developed Pressurised Fluidised Bed Gasification (PFBG) technology for the project. This development marks one of the first large-scale commercial uses of this technology in India.
Why the Odisha Project Is Strategically Important
The upcoming facility will produce 2,000 tonnes of ammonium nitrate per day. Ammonium nitrate plays a crucial role in mining activities, infrastructure development, and agricultural operations.
At the same time, the project supports India’s broader objective of boosting domestic chemical production through coal-based technologies while reducing dependence on imports.
Also Read: Iran Shuts Internet and International Calls as Anti-Khamenei Protests Spread Across Country
Intraday Share Price Movement and Chart Details
According to intraday trading data, BHEL shares opened the session at ₹279, reflecting strong early buying interest. Shortly after the opening bell, the stock rose sharply and touched an intraday high of ₹285.50 around 9:15 AM.
However, after the early rally, investors booked profits at higher levels. As a result, the stock slipped to an intraday low of ₹273.05. Despite this pullback, the BHEL share price stabilised and continued to trade above the previous close, reaching ₹275 by 12:00 PM.
Overall, the intraday chart indicates positive momentum supported by strong news flow, along with normal market-led volatility.
Key Financial Indicators of BHEL
At current levels, BHEL has a market capitalisation of approximately ₹95,900 crore. The stock trades at a price-to-earnings (P/E) ratio of 144.15, reflecting high growth expectations from investors.
Meanwhile, the company offers a dividend yield of 0.18 per cent, with a quarterly dividend payout of ₹0.12 per share.
Position Within the 52-Week Range
The BHEL share price currently trades below its 52-week high of ₹305.90. However, the stock remains well above its 52-week low of ₹176, indicating a strong recovery over the past year.
Overall Market View
Overall, BHEL shares showed positive movement with intraday fluctuations. The sizeable order win improved visibility for the company’s future project pipeline and strengthened investor confidence. Going forward, market participants continue to closely watch the BHEL share price for further triggers that could influence its near-term performance.
Also Read: Weather New Delhi: IMD Warns of Cold Wave, Yellow Alert as Rain and Fog Hit Delhi
FAQs
The BHEL share price rose after the company announced a ₹5,400 crore coal gasification project, which boosted investor confidence.
As of 12:00 PM IST, the BHEL share price was ₹275, up 1.20 per cent from the previous close.
Bharat Coal Gasification and Chemicals Limited, a joint venture of Coal India and BHEL, awarded the project.
The Odisha project will produce 2,000 tonnes of ammonium nitrate per day for mining, infrastructure, and agricultural use.
No, the BHEL share price is below its 52-week high of ₹305.90 but remains well above the 52-week low of ₹176.
