Latest news with #BHEL
Time of India
a day ago
- Business
- Time of India
Railways clears decks for three RoBs, two subways in Trichy: MP
Trichy: Southern Railway is exploring the construction of three new road overbridges (RoBs) and two subways to ease traffic congestion in densely populated areas near railway tracks in and around Trichy, MP Durai Vaiko said on Friday. After reviewing the proposals with officials from the Trichy railway division, the MP also confirmed that the Maris RoB is expected to be commissioned by June 2026. He visited several proposed sites, including Devathanam near Town railway station, Mela Kumaresapuram near BHEL, Mela Kalkandarkottai, and Manjathidal near Thiruverumbur. "Work for a new RoB near Town railway station is being expedited. Instead of constructing a subway for the new RoB, the railways were suggested to provide a subway for another level crossing near Town railway station to allow vehicles to reach Sanjeevi Nagar. A drain managed by the Trichy corporation runs nearby; there is feasibility for a new subway," the MP told reporters. The MP added that railway authorities are optimistic about developing a new RoB in Mela Kumaresapuram to help villagers access the BHEL Trichy complex. However, the support of the water resources and rural development departments is vital for the plan. He further noted that another new RoB is proposed at Mela Kalkandarkottai and a subway with modified specifications at Manjathidal, near the upcoming MEMU shed. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo "The new subway will be both taller and wider than the one proposed earlier, enabling vehicles, including small cars, to access the residential areas. Work will be completed before Sept," the MP added. Later, he inspected the ongoing reconstruction of the Maris RoB near Fort railway station. "Railways have assured that their scope of work will be completed by Jan 2026. Trichy corporation will then take over the remaining work to link the approach roads," Durai Vaiko said. Earlier, he inspected the Ponmalai railway workshop, where a dedicated maintenance facility for Vande Bharat trains is proposed at a cost of 300 crore. New RoBs: 1. Devathanam, near Town railway station 2. Mela Kumaresapuram, near Bhel Trichy 3. Mela Kalkandarkottai New Subways: 1. Sanjeevi Nagar, Town railway station 2. Manjathidal MEMU shed
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Business Standard
a day ago
- Business
- Business Standard
BHEL share price pops 2% on fixing July 11 as record date for dividend
BHEL share price: Bharat Heavy Electricals Limited (BHEL) shares rose as much as 1.98 per cent to hit an intraday high of ₹251.95 per share on the last trading day of the week i.e Friday, June 20, 2025. Around 1:40 PM, BHEL shares were trading 0.79 per cent higher at ₹249 per share. In comparison, BSE Sensex was trading 1.08 per cent higher at 82,236.94 levels. CATCH STOCK MARKET UPDATES LIVE Why did BHEL share price rise in trade today? BHEL share price increased today after the company announced that it has fixed July 11, 2025 as the 'record date' for the purpose of determining the eligibility of the members to receive final dividend of Rs 0.50 per share for FY25. In an exchange filing, BHEL said, 'It is hereby informed that the Company has fixed Friday, July 11, 2025 as the 'Record Date' for the purpose of determining the eligibility of the members to receive final dividend of Rs 0.50 per share (i.e. at 25 per cent on the paid up equity share capital) for the year 2024-25.' Apart from that, the dividend, if approved by the members at the ensuing 61st Annual General Meeting, which is to be held on July 25, 2025, will be paid within 30 days from the date of declaration of dividend i.e. on or before August 23, 2025. BHEL Q4 results BHEL reported a 3 per cent year-on-year (Y-o-Y) increase in consolidated net profit to ₹504.45 crore for the March quarter of financial year 2025 (Q4FY25), driven by robust growth in its industry segment. The company had posted a net profit of ₹489.62 crore in the same quarter last year (Q4FY24). Total income for the quarter rose to ₹9,142.64 crore, up from ₹8,416.84 crore a year earlier. Revenue from the industry business jumped to ₹2,800.96 crore from ₹2,091.98 crore in the corresponding period. For the full fiscal year 2024–25 (FY25), BHEL's consolidated net profit surged to ₹533.90 crore from ₹282.22 crore in the previous year. Annual total income increased to ₹28,804.79 crore from ₹24,439.05 crore. About BHEL BHEL is among the leading power plant equipment manufacturers in the country. The company specialises in the design, engineering, manufacturing, installation, testing, commissioning, and servicing of a diverse array of products and services. BHEL caters to key sectors such as power, transmission, industry, transportation, renewable energy, oil & gas, and defence. As the premier engineering and manufacturing enterprise in the country, BHEL is owned and operated by the Government of India. The market capitalisation of the company is ₹86,703 crore, according to BSE. The company falls under BSE 200 index. The 52-week high of BHEL stock is ₹335.40 per share while its 52-week low is ₹176 apiece.
Economic Times
5 days ago
- Business
- Economic Times
MFs accumulate capital goods, rate-cut beneficiaries in May
In May, despite reduced equity mutual fund inflows due to profit booking, fund managers adjusted portfolios, favoring large-cap companies. They capitalized on corrections in the capital goods sector, acquiring stocks like GE Vernova and BHEL, anticipating power sector growth. Tired of too many ads? Remove Ads In May, as the Nifty 50 rose for the third consecutive month and profit booking by investors led to lower inflows into equity mutual fund schemes, fund managers churned portfolios with a bias towards largecap the long-term outlook for the power sector remaining robust, they used the opportunity to buy into the capital goods segment, which had seen a steep correction over the past six months, adding stocks like GE Vernova, BHEL , and Kirloskar Oil Engines Expectations of rate cut transmission leading to higher demand for consumer and housing loans—benefiting the margins of NBFCs (Non-Banking Finance Companies) —prompted selective buying in NBFCs and HFCs (Housing Finance Companies) such as Bajaj Finserv PNB Housing Finance , and Can Fin Homes Large fund houses also accumulated Eternal and Swiggy after 20–25% correction in stock prices, driven by strong growth in the quick commerce segment.
Time of India
02-06-2025
- Automotive
- Time of India
PM E-Drive halfway down the road for 2 & 3-wheelers: HD Kumaraswamy
New Delhi: The PM E-Drive scheme , which seeks to accelerate the adoption of electric vehicles, has so far achieved nearly 50per cent of its targets for two- and three-wheeler sales, said union steel and heavy industries minister HD Kumaraswamy . At 155,085 units, more than 75per cent of the target for the sale of large electric three-wheelers has already been achieved as of May 30, the minister said. Under the electric two-wheeler category, 1,198,707 units have been sold, meeting 48per cent of the scheme target so far, he told ET in an interview Sunday, adding that this scheme is routinely being reviewed to address any concerns. The scheme, started in September 2024, will run till March 2026. The minister also said steps are being taken to improve project execution by state-run Bharat Heavy Electricals Ltd ( BHEL ). Under PM E-Drive, he said, the e-rickshaw or e-cart category has grossly underperformed the other segments, achieving just 2per cent of the scheme target at 2,736 units. Commenting on the deliverables for electric buses under the scheme, Kumaraswamy said: "So far, 10,900 e-buses have been approved, with deployment expected in Karnataka, Delhi, Telangana and Gujarat. Demand for another 1,000 e-buses has been raised by Pune which is yet to be approved. The tender will be floated this week by Convergence Energy Services." The PM E-Drive Scheme has allocated ₹4,391 crore for deployment of 14,028 e-buses in nine major cities. He said a payment security mechanism shall ensure that e-bus suppliers get the payments on time. "Direct debit mandate with the RBI has been signed by Karnataka, Telangana and Gujarat. Delhi has agreed to the DDM," he said. Under this mechanism, the central bank can debit the accounts of states if there is any shortfall in payments to e-bus suppliers. "Total demand for 14,400 e-buses has come from cities. The current allocation has been considered for 10,900 e-buses in the Phase I," Kumaraswamy said. "Talks are on with remaining states. Their demand will be taken up in the next phase." His ministry also administers BHEL , which today has a healthy orderbook with the surge in thermal power capacity addition. But the company has historically struggled with meeting timelines. On steps expected to improve BHEL's deliverables, he said: "Processes are being refined along with many new initiatives which are vendor friendly, inviting more participation to meet spurt in material and manpower demand."
Time of India
01-06-2025
- Automotive
- Time of India
bhel: PM E-Drive halfway down the road for 2 & 3-wheelers: HD Kumaraswamy
ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT New Delhi: The PM E-Drive scheme , which seeks to accelerate the adoption of electric vehicles, has so far achieved nearly 50% of its targets for two- and three-wheeler sales, said union steel and heavy industries minister HD Kumaraswamy At 155,085 units, more than 75% of the target for the sale of large electric three-wheelers has already been achieved as of May 30, the minister said. Under the electric two-wheeler category, 1,198,707 units have been sold, meeting 48% of the scheme target so far, he told ET in an interview Sunday, adding that this scheme is routinely being reviewed to address any scheme, started in September 2024, will run till March minister also said steps are being taken to improve project execution by state-run Bharat Heavy Electricals Ltd BHEL ).Under PM E-Drive, he said, the e-rickshaw or e-cart category has grossly underperformed the other segments, achieving just 2% of the scheme target at 2,736 on the deliverables for electric buses under the scheme, Kumaraswamy said: "So far, 10,900 e-buses have been approved, with deployment expected in Karnataka, Delhi, Telangana and Gujarat. Demand for another 1,000 e-buses has been raised by Pune which is yet to be approved. The tender will be floated this week by Convergence Energy Services."The PM E-Drive Scheme has allocated ₹4,391 crore for deployment of 14,028 e-buses in nine major cities. He said a payment security mechanism shall ensure that e-bus suppliers get the payments on time."Direct debit mandate with the RBI has been signed by Karnataka, Telangana and Gujarat. Delhi has agreed to the DDM," he this mechanism, the central bank can debit the accounts of states if there is any shortfall in payments to e-bus suppliers."Total demand for 14,400 e-buses has come from cities. The current allocation has been considered for 10,900 e-buses in the Phase I," Kumaraswamy said. "Talks are on with remaining states. Their demand will be taken up in the next phase."His ministry also administers BHEL, which today has a healthy orderbook with the surge in thermal power capacity addition. But the company has historically struggled with meeting steps expected to improve BHEL's deliverables, he said: "Processes are being refined along with many new initiatives which are vendor friendly, inviting more participation to meet spurt in material and manpower demand."
