BEL, BHEL, VA Tech Wabag Secure Major Orders; Stocks React

State-owned Bharat Electronics Ltd (BEL), Bharat Heavy Electricals Ltd (BHEL), and VA Tech Wabag have announced major contract wins, strengthening their order books and improving growth visibility. BEL has bagged orders worth ₹962 crore, including a ₹610 crore contract from the Indian Navy, while BHEL secured a massive ₹8,000 crore thermal power project in Maharashtra. Meanwhile, VA Tech Wabag’s shares surged 13.5% after winning a ₹3,251 crore sewage treatment project in Saudi Arabia.

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BEL Secures ₹962 Crore Orders, Strengthens Defence Portfolio

BEL, a Navratna Defence PSU, has received multiple contracts totaling ₹962 crore, with a significant ₹610 crore deal for Electro-Optic Fire Control Systems (EOFCS) for the Indian Navy. The indigenously developed EON-51 system will be installed on 11 new-generation offshore patrol vessels and three cadet training ships.

Apart from the Navy contract, BEL secured ₹352 crore worth of additional orders for anti-drone systems, fuzes, integrated fire detection and suppression systems, vessel communication systems, and spares and services. These new contracts have increased BEL’s total order book for FY25 to ₹11,855 crore, showcasing the company's strong positioning in the defense and technology sector.

BEL’s Q3 net profit surged 47.3% YoY to ₹1,316 crore, surpassing analyst expectations of ₹980 crore. Revenue for the quarter grew 39% YoY to ₹5,756 crore, further reinforcing the company’s financial strength. Despite these positives, BEL’s stock fell 1.07%, closing at ₹276.85, as investors engaged in profit-booking.

BHEL Wins ₹8,000 Crore Power Project From Mahagenco

BHEL has secured a Letter of Award (LoA) from Maharashtra State Power Generation Company (Mahagenco) for a ₹8,000 crore project, involving the 2x660 MW Boiler Turbine Generator (BTG) package at Koradi Thermal Power Station in Nagpur. The project includes supply, erection, commissioning, and civil works, with completion expected in 52 to 58 months for Unit-11 and Unit-12.

BHEL’s financial performance in Q3FY25 has been impressive, with net profit soaring 170% YoY to ₹124 crore, while revenue surged 32% to ₹7,277 crore. EBITDA rose 40% to ₹304 crore, but margin expansion remained modest at 4.2%, up from 3.9% last year, due to rising expenses.

The company’s order inflow jumped 167% YoY to ₹6,860 crore, with the total order book growing 47% YoY to ₹1.6 lakh crore. However, market sentiment remains mixed, as CLSA issued a "Reduce" rating, while Morgan Stanley maintained an "Overweight" stance with a price target of ₹352. BHEL shares closed 1.19% lower at ₹202.41, despite strong financials and a robust order pipeline.

VA Tech Wabag Soars 13.5% on ₹3,251 Crore Saudi Arabia Order

VA Tech Wabag’s shares skyrocketed 13.5% to ₹1,550, following the announcement of a ₹3,251 crore ($317 million) consortium order for the Al Haer Independent Sewage Treatment Plant (ISTP) in Riyadh, Saudi Arabia.

The company, a leading water technology firm, will undertake the engineering, procurement, and construction (EPC) of a 200 MLD sewage treatment plant, aligning with Saudi Arabia’s Vision 2030 to enhance sewage treatment services and environmental sustainability.

This order marks a major international expansion for VA Tech Wabag, reinforcing its reputation in global water infrastructure projects. Investors reacted positively to the news, pushing the VA Tech Wabag stock 13.5% higher in a single trading session.

Conclusion

BEL, BHEL, and VA Tech Wabag have secured significant orders, showcasing their strong market positioning in defense, power, and water technology sectors. While BEL’s Navy contract enhances its defense capabilities, BHEL’s Mahagenco project strengthens its presence in the thermal power sector. Meanwhile, VA Tech Wabag’s expansion into Saudi Arabia highlights its growing global footprint. Despite short-term market volatility, these contract wins provide long-term growth visibility, reinforcing investor confidence in these companies. As the government pushes for Make in India and infrastructure development, companies like BEL, BHEL, and VA Tech Wabag are well-positioned for future growth.