BHARAT HEAVY ELECTRICALS LTD.

Bharat Heavy Electricals Ltd (BHEL) has announced changes in its senior management. Shri Jitendra Das, Executive Director (IS & IO), superannuated on October 24, 2026. Subsequently, Shri Rajeeva Srivastava has been appointed as the new Head of International Operations, reporting to Director (IS & P). He brings 34 years of experience to the role, having joined BHEL in 1992. Additionally, Shri Amit Gupta has been appointed as the new Head of Defence & Aerospace Business Group (DABG), Industry Sector, also reporting to Director (IS & P). He also has 34 years of service with BHEL, joining in 1992. Both appointments are effective from October 25, 2026.

Bharat Heavy Electricals Limited (BHEL) announced the appointment of Shri Manepalli Sridhar as Director (Human Resources) on its Board, effective October 22, 2026. He will hold the position until his superannuation on August 31, 2028, or until further orders. Shri Sridhar brings over 36 years of experience in manufacturing, commercial operations, project execution, industrial relations, and human resource management within BHEL. He previously served as Executive Director (Human Resources) at BHEL Corporate Office. The appointment was approved by the BHEL Board following communication from the Ministry of Heavy Industries.

Bharat Heavy Electricals Ltd (BHEL) has released supplementary information for its Q2 FY 2026-27 results, highlighting strong cash-generation potential through order backlog conversion, timely billing, and collections. The company emphasizes its diversified business portfolio, including rail mobility, coal gasification, defence, and transmission, alongside core power segments. BHEL is expanding its international footprint and is well-positioned to benefit from India's energy upcycle, driven by increased capex and the 'Atmanirbharta' initiative. Its strengths lie in technology, indigenous engineering, R&D, and manufacturing capabilities, serving strategic sectors. The filing details manufacturing units, service centers, employee strength, installed power capacity, transmission equipment supplied, R&D allocation, intellectual assets, and global reach across 95 countries.

Bharat Heavy Electricals Ltd (BHEL) announced key decisions from its Board Meeting held on October 14, 2026. The Board has approved a significant capital investment of approximately ₹500 Crore for additional facilities at its HEEP-Haridwar Unit, aimed at enhancing manufacturing capabilities for Thermal & Nuclear Sets. Additionally, the company will merge its Electrical Machines Repair Plant (EMRP) in Mumbai and the Electronics Division (EDN) in Bengaluru into a single unit, with EDN designated as the merged entity. This merger will be effective from November 1, 2026. The meeting commenced at 12:30 PM and concluded at 1:26 PM.

Bharat Heavy Electricals Limited (BHEL) announced that its Board of Directors has approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended September 30, 2026. The results were approved in a board meeting held on October 14, 2026. The limited review reports from the auditor have also been enclosed. The meeting commenced at 12:30 PM and concluded at approximately 6 PM, with the financial results agenda being approved between 12:36 PM and 12:55 PM. The auditors' review report confirms that the results are presented in accordance with Indian Accounting Standards and SEBI regulations, with no material misstatements found.

BHEL's consolidated PAT for Q2 FY27 came in at ₹820.94 Cr, up 119% year-on-year from ₹374.89 Cr and up 118% sequentially from ₹376.71 Cr, on revenue of ₹9,300.35 Cr (+23.8% YoY, +20.8% QoQ). The print comfortably cleared the bar set by our pre-result preview — revenue was expected around ₹7,900 Cr and EBITDA margin was pegged at a 6-7% trajectory, while actual operating profit margin landed at 11.23%, already past the top end of that range. BHEL carries no formal management guidance on record for this quarter, so the result is judged against street/internal expectations rather than a company-issued number; nor was any press-release commentary available to cross-check management's own framing of the quarter. The margin expansion sits on the operating line rather than one-offs: standalone cost of materials & services rose a slower 21.2% YoY to ₹6,958.44 Cr against 23.8% revenue growth, employee costs grew just 11.6% YoY, and finance costs fell 36.2% YoY to ₹124.77 Cr as short-term borrowings were pared down. That operating leverage lifted consolidated net profit ratio to 8.83% from 4.99% a year ago and 4.89% last quarter. No exceptional items were booked in either the current or year-ago period, so the ~119% YoY PAT growth is organic, not one-off-driven. Both reporting segments contributed to the standalone PBT of ₹1,077.75 Cr: Power segment PBT rose to ₹858.37 Cr from ₹593.76 Cr YoY, and Industry segment PBT rose to ₹518.71 Cr from ₹280.04 Cr YoY. The quarter's corporate actions track the execution narrative the Street has been debating: the Titagarh Rail Systems JV for Vande Bharat maintenance (Sep 15) and the ₹65 Cr equity investment in NTPC-BHEL Power Projects (Sep 14) point to continued order/capacity deployment, while a senior management change (Sep 25) and the RTA transition (Sep 18) are administrative items unconnected to the print. Pre-result, 20-analyst consensus was a split Hold with an average 12-month target of ₹398.75 against bull cases (ICICI Securities ₹520, ICICI Direct ₹575) built on a margin path from 6.5% to 11.5% — this quarter's 11.23% OPM is a data point in the bulls' favour, though the stock's valuation debate itself remains unresolved by one print. One balance-sheet item flagged by the auditors: trade receivables include an overdue ₹196 Cr (USD 23 Mn) balance from Sudanese customer STPG, held as good despite the ongoing Sudan crisis, with a stated ₹176 Cr hit to PBT (net of ECL) if that classification changes.

Bharat Heavy Electricals Ltd (BHEL) has announced the closure of its trading window for designated persons and their immediate relatives. This closure is effective from October 1st to October 16th, 2026. The decision is in line with SEBI regulations and the company's internal code of conduct, and it precedes a board meeting scheduled for October 14th, 2026. The board meeting will primarily focus on approving the unaudited financial results for the quarter and period ending September 30th, 2026. This measure is standard practice to prevent potential insider trading during the sensitive period of financial result announcement.

Bharat Heavy Electricals Ltd (BHEL) has announced that its Board of Directors will convene on October 14, 2026. The primary agenda item for this meeting is to consider and approve the company's unaudited financial results for the quarter ending September 30, 2026. In accordance with SEBI regulations and BHEL's internal code of conduct, the trading window for designated persons and their immediate relatives will be closed from October 1 to October 16, 2026, to prevent insider trading.

Bharat Heavy Electricals Ltd (BHEL) has announced changes in its senior management. Shri Y Srinivasa Rao, Executive Director (HPEP), Hyderabad, has superannuated from the company's services as of September 24, 2026. Concurrently, Shri Chittimouj Gowri Shankar, General Manager & Head (HPVP), Visakhapatnam, has been appointed to the Senior Management, effective September 25, 2026. He will assume the role of the new Head of Heavy Plate & Vessels Plant (HPVP), Visakhapatnam, reporting to the Director (IS & P). Shri Shankar brings 34 years of service to BHEL, holding a B. Tech in Computer Science.

Bharat Heavy Electricals Ltd (BHEL) has finalized the change of its Registrar and Share Transfer Agent (RTA). Following an earlier intimation on January 1, 2026, the company has now executed a Tripartite Agreement. This agreement involves M/s Bigshare Services Private Limited as the new RTA and M/s Alankit Assignments Limited as the old RTA. This action is in compliance with Regulation 7 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and shareholders are requested to take note of this change.