Maharatna PSU stock jumps after receipt of ₹1,500 crore order from

HINDALCO

s. Details here

Maharatna PSU stock, Bharat Heavy Electricals Ltd (BHEL), jumped during the intraday stock market session on Wednesday, 4 February 2026, after the company announced that it had received a letter of intent for an order from Hindalco Industries, according to an exchange filing. The NSE filing showed that BHEL bagged an up to ₹1,500 crore order book intent from Hindalco for designing, engineering, supply of equipment, installation, commissioning and carrying out performance acceptance test at one of the company's projects in Odisha. The size of the order book update is in the range of ₹1200 crore to up to ₹1,500 crores, excluding the goods and services tax (GST) rates on the transaction. “Letter of Intent (LOI) received on 3rd February 2026 for Design, Engineering, Supply of equipment, Installation, Commissioning and Performance Acceptance Test (PAT) for 2 x 150 MW BTG Package for Aditya Expansion Project Phase II at Aditya Aluminium, Hindalco Industries Limited at Lapanga, Sambalpur in the state of Odisha, India,” the company informed the stock exchanges through its filing.