Bharat Heavy Electricals Ltd (BHEL) on Monday, September 14, approved an additional investment of Rs 65 crore in NTPC BHEL Power Projects Private Limited (NBPPL), its joint venture with NTPC Ltd.
The investment was cleared by BHEL's board and will be made in one or more tranches as the company's equity contribution to NBPPL. The transaction is proposed to be completed during FY2026-27 through cash consideration.
NBPPL is a 50:50 joint venture between BHEL and NTPC. Both promoter companies will make the equity investment at face value, with the transaction being undertaken at arm's length. BHEL's shareholding in NBPPL will continue to remain at 50 per cent after the investment.
The company disclosed the decision under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Funds To Address Urgent Liabilities
The additional equity infusion is primarily intended to help NBPPL settle urgent liabilities and enable it to continue operating as a going concern.
NBPPL was incorporated in April 2008 to execute engineering, procurement and construction (EPC) contracts for power plants and manufacture power plant equipment. The joint venture operates in India.
Its provisional turnover stood at Rs 1.04 crore in FY2025-26, compared with Rs 3.48 crore in FY2024-25 and Rs 18.19 crore in FY2023-24.
No government or regulatory approvals are required for the proposed investment.
BHEL Shares Up 50% In 2026
BHEL shares have maintained their upward momentum in recent months, hitting multiple record highs and remaining on course to extend their annual winning streak to a sixth consecutive year.
The stock touched a fresh record high of Rs 446 in July and has gained around 50 per cent so far in 2026.
BHEL shares have delivered positive returns in each of the past five years. The strongest annual performance during this period came in 2023, when the stock surged 144 per cent.
From a low of Rs 18.40 apiece in 2020, the stock has risen about 2,243 per cent to trade at around Rs 431 per share.