State-owned engineering giant Bharat Heavy Electricals Limited (BHEL) posted a consolidated net profit of ₹134.70 crore for Q3 of FY 2024-25, more than doubling from ₹60.31 crore in the same period last year. The profit surge is primarily attributed to higher revenues, as per a regulatory filing with the Bombay Stock Exchange (BSE).
During the quarter, BHEL achieved key operational milestones, including synchronizing Unit #1 and Unit #2 of the 6×170 MW Punatsangchhu-II Hydro Electric Project in Bhutan and Unit #1 of the 5×800 MW Yadadri Thermal Power Station. Additionally, Unit #1 of the 2×660 MW Khurja THDC project reached full-load operation. In the naval sector, the company successfully completed Harbour Acceptance Trials for the first upgraded Super Rapid Gun Mount on INS Nilgiri.
BHEL secured major contracts across power, industry, and exports. It won the main plant package for the 3×800 MW Telangana Stage-II project and secured an HVDC order with Hitachi Energy. The company also received an export order from Russia and entered its 91st export market with a project in Costa Rica. Total income grew 32% to ₹7,385 crore.
