Shares of Bharat Heavy Electricals Limited (BHEL) surged more than 3% after the company reported a robust operational performance for FY 2025–26, driven by strong order inflows, healthy revenue growth, and steady execution across segments.
India’s leading engineering and manufacturing PSU in the power and infrastructure space posted a provisional turnover of around ₹32,350 crore for FY26, reflecting an impressive 18% growth compared to the previous financial year. The strong topline performance highlights BHEL’s continued recovery momentum amid rising infrastructure demand and government-led capital expenditure.
A key driver behind investor optimism is BHEL’s massive order inflow during the year. The company secured fresh orders worth approximately ₹75,000 crore in FY26, significantly strengthening its long-term revenue visibility. As a result, BHEL’s total outstanding order book stood at around ₹2.4 lakh crore at the end of the financial year, providing a solid execution pipeline for the coming years.
The power sector remained the backbone of BHEL’s business, with the company maintaining a dominant market position. It recorded major order wins worth nearly ₹59,000 crore in this segment alone, underlining its leadership in thermal and other power equipment manufacturing.
Meanwhile, BHEL’s industrial segment also showed strong diversification. The company secured fresh orders worth around ₹16,000 crore across sectors such as transportation, transmission, defence, process industries, and industrial equipment. This broad-based growth reflects BHEL’s strategic push to expand beyond its core power business.
On the execution front, the company demonstrated solid operational efficiency by commissioning or synchronising approximately 8.9 GW of power capacity during FY26. This consistent project delivery reinforces BHEL’s credibility in handling large-scale infrastructure projects.
Looking ahead, BHEL enters FY 2026–27 with strong momentum backed by a healthy order book, improving execution capabilities, and sustained demand in both power and industrial segments. The company continues to focus on indigenisation, infrastructure development, and long-term value creation for stakeholders.