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BHEL: Stock jumps after it signs 10 yr agreement with Singapore firm for hydrogen fuel cell

Bharat Heavy Electricals Limited has signed a 10-year exclusive MOU with Horizon Fuel Cell Technologies to develop hydrogen fuel cell-based rolling stock for the domestic market, targeting a new business segment.

Introduction

Leading power and engineering company has signed a long-term exclusive MOU with a Singapore-based firm to develop hydrogen fuel cell-based rolling stock, aiming to enter a new domestic market segment over the next ten years.

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Also Read: Ceigall India: Stock jumps 4.7% after receiving approval for solar power projects

Share price movement of BHEL

On September 8, 2025, Bharat Heavy Electricals Ltd opened at ₹214.05, up 0.78% from its previous close of ₹212.40. The stock reached a high of ₹218.65 and a low of ₹213.95. By 13:26 PM, it traded at ₹218.00, a 2.64% increase, with a market cap of ₹75,908.98 crore.

BHEL Signs Exclusive MOU with Horizon Fuel Cells

Bharat Heavy Electricals Limited (BHEL) has signed a long-term exclusive MOU with Horizon Fuel Cell Technologies Pte Ltd, Singapore. The agreement focuses on hydrogen fuel cell-based rolling stock for the domestic market.

The MOU grants exclusivity for 10 years. It involves business sharing to create and enter a new market segment. No share exchange or related party involvement is reported under this agreement.

Recent news on BHEL

As of September 03, 2025, Bharat Heavy Electricals Ltd has accepted a ₹2,600 crore LoI from MB Power (Madhya Pradesh) Limited for supplying boiler, turbine, generator, and auxiliaries for the 1×800 MW Anuppur thermal power project.

Stock performance of BHEL for Period of 1 week, 6 months, and 1 year

Bharat Heavy Electricals Ltd delivered a 0.07% return over the past week, it gained 9.67% in the past six months. The stock declined 19.5% over the past year.

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Also Read: HFCL: Stock jumps after bagging ₹358 Cr export order for optical fiber cables

Shareholding pattern of BHEL

ParticularsJun 2025Mar 2025Dec 2024
Promoter63.20%63%63.20%
FII6.40%7.20%8.00%
DII19%16.30%15.50%
Public12.00%13.30%13%

About BHEL

Bharat Heavy Electricals Ltd (NSE: BHEL) is a government-owned engineering and manufacturing company. It designs, manufactures, and services power, transmission, renewable energy, transportation, oil & gas, and defence equipment across core economic sectors.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Bharat Heavy Electricals Ltd share price going up today?

A: Bharat Heavy Electricals Ltd share price is rising after signing a long-term exclusive MOU with Horizon Fuel Cell Technologies for hydrogen fuel cell-based rolling stock.

Q: What does Bharat Heavy Electricals Ltd specialize in?

A: Bharat Heavy Electricals Ltd specializes in design, engineering, manufacture, and servicing of equipment for power, transmission, renewable energy, transportation, oil & gas, and defence sectors.

Q: What is the 52-week high and low of Bharat Heavy Electricals Ltd stock?

A: The 52-week high of Bharat Heavy Electricals Ltd stock is ₹291.00, and the 52-week low is ₹176.00.

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