Mumbai, September 8 (Kiran News). Shares of Bharat Heavy Electricals Limited (BHEL) gained over 1.5% on Monday after the company announced a 10-year exclusive Memorandum of Understanding (MoU) with Singapore-based Horizon Fuel Cell Technologies Pte for the development of hydrogen fuel cell-based rolling stock.
The stock was trading at ₹215.80, up by ₹3.40 (1.60%) from its previous close of ₹212.40 on the BSE. The scrip opened at ₹214.05 and touched an intraday high of ₹216.30 and a low of ₹213.95. Around 82,005 shares changed hands during the session.
BHEL, a Group ‘A’ stock with a face value of ₹2, has a 52-week high of ₹291.00 (27 September 2024) and a 52-week low of ₹176.00 (3 March 2025). The company’s market capitalisation currently stands at ₹75,090.70 crore.
Promoters hold 63.17% in the company, while institutional investors own 24.81% and non-institutional investors 12.02%.
The MoU with Horizon Fuel Cell Technologies will help BHEL tap into the emerging hydrogen fuel cell-based mobility market. The partnership is aimed at creating innovative solutions for rolling stock powered by clean energy, opening new opportunities for the state-owned engineering giant.
BHEL is India’s largest government-owned manufacturer of power generation equipment and a central public sector undertaking.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
