BHEl

Bharat Heavy Electricals Limited (BHEL) faced mixed developments. The company's proposed joint venture with REC Power Development and Consultancy Limited was not approved by DIPAM. However, BHEL secured a ₹22.87 crore order from South Western Railway for KAVACH safety equipment. The contract involves design, supply, and installation, with completion expected in 18 months. BHEL's stock closed at ₹234.60 on BSE, down 0.61%. The company also announced senior management changes, appointing V Shrinivas Rao and Ajay Kumar to key positions.