loading
loading
Bharat Heavy Electricals Ltd (BHEL) on Monday, September 14, said its board has approved a further investment of ₹65 crore, in one or more tranches, as its equity contribution to NTPC BHEL Power Projects Private Limited (NBPPL), its joint venture with NTPC Ltd. “Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is informed that the Board of Directors in its meeting held today (i.e., 14th September 2026) has, inter alia, approved further investment of Rs. 65 Crore (in one or more tranches) as BHEL’s equity contribution in NTPC BHEL Power Projects Private Limited (NBPPL), BHEL’s joint venture with NTPC Limited. Details as per SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, are enclosed herewith as Annexure-A,” BHEL said in an exchange filing. NBPPL is a joint venture company of BHEL and NTPC Limited, with both companies holding a 50:50 equity shareholding. BHEL said the equity investment will be made at face value by both promoter companies, and the transaction will be carried out at arm’s length. According to the company's disclosure, the investment is primarily intended to enable the settlement of urgent liabilities and to maintain NBPPL as a going concern. The investment is proposed to be completed during FY2026-27 and will be made through cash consideration. 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 reported a provisional turnover of ₹1.04 crore in 2025-26, compared with ₹3.48 crore in 2024-25 and ₹18.19 crore in 2023-24. The company has operations in India. BHEL's shareholding in NBPPL will remain at 50% following the investment. The company said no government or regulatory approvals are required for the acquisition. The company’s shares have maintained strong winning momentum in recent months, with the stock breaking multiple record highs as it remains on track to extend its annual winning run to a sixth consecutive year. In July, the stock rose to a fresh record high of ₹446, and in 2026, it has already gained 50%. It has delivered positive returns in each of the last five years, with 2023 emerging as its strongest year, when the stock surged 144%. From its 2020 low of ₹18.40 apiece, the shares have skyrocketed 2,243% to trade at the current level of ₹431 apiece. Disclaimer: We advise investors to check with certified experts before making any investment decisions. Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
document fetched 2026-09-15 02:52 · canonical https://livemint.com/market/stock-market-news/bhel-approves-rs-65-crore-further-investment-in-ntpc-joint-venture-nbppl-11789408978841.html