NSE: BHEL · 11 November 2026
- Bharat Heavy Electricals Limited shares moved higher in the latest trading session, rising 2.14% to settle at ₹432.00 after opening at ₹428.00. The stock traded within a daily range of ₹437.00 on the upper side and ₹425.75 on the lower side.
- Bharat Heavy Electricals Limited informed the exchanges that it received an order from Power Grid Corporation of India Limited on behalf of its Project SPV Company. The contract entails the design, engineering, manufacturing, supply, erection, testing, and commissioning of two synchronous condensers at Kalyanpur in Gujarat, with a project execution timeline of 35 months. The order is valued between ₹600 crore and ₹900 crore excluding GST.
- Trading volume was 0.87 times the 20-day average daily volume.
Why is BHEL share price rising on 11 November 2026?
Bharat Heavy Electricals Limited shares moved higher in the latest trading session, rising 2.14% to settle at ₹432.00 after opening at ₹428.00. The stock traded within a daily range of ₹437.00 on the upper side and ₹425.75 on the lower side.
The broader market demonstrated positive momentum, with the Nifty benchmark advancing 0.84%. BHEL's ongoing return profile indicates a positive 5-day return of 8.00%, although the 20-day return stands at -1.80%, showing a recent recovery following prior consolidation.
Recent company developments provide fundamental operational context, highlighted by the receipt of an order from Power Grid Corporation of India Limited for the establishment of synchronous condensers in Gujarat valued between ₹600 crore and ₹900 crore, alongside multiple large contracts secured from Adani Power Limited for projects valued at ₹5,000 to ₹7,000 crore each. These developments reinforce order book visibility, though specific daily market flows are also shaped by broader sector sentiment.
1.15 crore shares traded by 11 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 1.31 crore shares (0.87 times). The five-day average daily volume was 1.24 crore shares. Separately, the NSE report for 11 November 2026 showed 47.50 lakh shares delivered, representing 41.47% of that day’s traded volume. The same report recorded 113,746 trades.
The stock's advance of 2.14% aligns with recent positive order inflows from Power Grid Corporation and Adani Power, alongside supportive broader market participation as the Nifty gained 0.84%.
Latest Company Developments
Bharat Heavy Electricals Limited informed the exchanges that it received an order from Power Grid Corporation of India Limited on behalf of its Project SPV Company. The contract entails the design, engineering, manufacturing, supply, erection, testing, and commissioning of two synchronous condensers at Kalyanpur in Gujarat, with a project execution timeline of 35 months. The order is valued between ₹600 crore and ₹900 crore excluding GST.
Large transmission and equipment orders enhance the company's execution pipeline and support medium-term revenue visibility in the power infrastructure segment.
The company received an adjudication order from the Commercial Tax Department of Telangana relating to FY 2022-23, dropping the entire contested GST demand of ₹207.26 crore along with consequential interest and penalty. BHEL noted that no financial implication arises from this favorable ruling as the case was decided in its favor.
Resolving legacy tax disputes favorably removes potential contingent liabilities and supports clean financial compliance reporting.
BHEL announced the signing of contracts for the supply of equipment including boilers, turbines, and generators along with auxiliaries and agreed services for four projects of 2×800 MW each awarded by Adani Power Limited. Each of the four contracts is valued between ₹5,000 crore and ₹7,000 crore excluding GST, with execution to proceed according to customer project requirements.
Securing multi-gigawatt thermal equipment contracts significantly bolsters the heavy electrical manufacturing order book and capacity utilization.
Adjudication Order passed u/s 73 of CGST Act/ TGST Act, 2017
BHEL shares up 3.5% on Power Grid order for Gujarat synchronous condensers Business Standard
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 11.21% on 30 September 2026. This compares with 11.40% on 30 June 2026, a change of -0.19 percentage points.
The filing reported 46 MF/UTI holders.
Research & Brokerage Views
Target price revised following strong quarterly financial performance and robust operational execution.
What to Watch Next
- Execution progress on the newly awarded transmission and thermal equipment orders from Power Grid and Adani Power
- Developments regarding the adjudication status of remaining pending GST matters for FY 2023-24
- Cash volume and delivery participation trends relative to the 20-day average volume of 0.87x
- Upcoming quarterly financial results and management commentary on manufacturing capacity utilization
Other Dated Coverage
- BHEL Share Price Today: Why BHEL Is Rising 1.82% | 26 October 2026 — 26 October 2026
- BHEL Share Price Today: Why BHEL Is Falling 2.86% | 23 October 2026 — 23 October 2026
- BHEL Share Price Today: Why BHEL Is Falling 2.75% | 22 October 2026 — 22 October 2026
More BHEL news and dated analysis →
Frequently Asked Questions
What is the latest BHEL company news?
Bharat Heavy Electricals Limited informed the exchanges that it received an order from Power Grid Corporation of India Limited on behalf of its Project SPV Company. The contract entails the design, engineering, manufacturing, supply, erection, testing, and commissioning of two synchronous condensers at Kalyanpur in Gujarat, with a project execution timeline of 35 months. The order is valued between ₹600 crore and ₹900 crore excluding GST.
How strong was BHEL’s trading volume?
1.15 crore shares traded, 0.87 times the 20-day average daily volume. The price and volume data are dated 11 November 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.