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BHEL will act as the lead bidder, while Nuovo Pignone will be a nominated vendor with defined responsibilities. The agreement, effective from 9 April 2025, will last for ten years and is expected to enhance the company's market share in the sector without forming a new entity or involving any upfront payment. This strategic tie-up will allow BHEL to address compressor revamp opportunities in India's fertilizer sector, with an estimated business share of approximately 50% in financial terms. Navratna PSU BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. It is a leading power equipment manufacturer globally. As of 31 December 2024, the Government of India held a 63.17% stake in the company. The company's consolidated net profit zoomed 123.34% to Rs 134.70 crore in Q3 FY25 as against Rs 60.31 crore posted in Q3 FY24. Revenue from operations grew by 32.21% year on year (YoY) to Rs 7,277.09 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live News
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