Bharat Heavy Electricals Limited Overview
Pro stress-test →Bharat Heavy Electricals Limited is an integrated power plant equipment manufacturer engaged in design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy including Power, transmission, Industry, transportation, renewable energy, Oil & Gas and defence. It is the flagship engineering and manufacturing company of India owned and controlled by the Government of India.
Strategic Profile
Pro stress-test →BHEL posted FY 2026 revenue of ₹337.8 billion (up 19% from FY 2025) and net income of ₹16.0 billion (up 200% from FY 2025). Stock is up 72% over the past year. The company is positioning itself as a strategic partner for India's power generation expansion and energy transition, backed by a strong order pipeline across thermal, renewable, and international markets.
Competitive Landscape
Pro stress-test →Competitors include ABB India, Voestalpine, Metallus, Thermax, and British Steel. BHEL maintains a dominant market position in domestic thermal power generation and heavy electrical equipment manufacturing, competing primarily on engineering expertise, cost efficiency, and integrated project execution capabilities. International competitors increasingly compete for BHEL's overseas orders.
Industry Context
Bharat Heavy Electricals Limited operates in Heavy electrical equipment manufacturing.
Key facts
Founded: 1964 · Headquarters: New Delhi, India · Revenue: ₹337.8 billion (FY 2026) · Market cap: ₹1,40,223 crore (~$16.8B USD)