BHEL gets relief in ₹31 crore GST case while expanding orders across power and rail

announced that it has received a favourable order from the CGST Commissioner (Appeals), Dehradun, which quashed a ₹31.20 crore tax demand relating to FY19 and FY21 under Section 73 of the CGST Act, bringing closure to the case with no financial impact. Despite reporting a net loss of ₹455.4 crore in Q1 FY26 compared to a ₹211 crore loss a year earlier, revenues remained stable at ₹5,486.9 crore. On the business front, BHEL secured orders in the power sector for six 800 MW steam turbine generators and, in consortium with a global OEM, 6,000 MW ±800 kV HVDC terminals for the Bhadla–Fatehpur project. In transportation, Indian Railways placed orders for traction transformers, high-speed traction motors, and bull gears, while utilities awarded contracts for multiple transformers ranging from 160 MVA to 500 MVA. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.