BHEL Reports Increased Profit and Investment in Nuclear Manufacturing

Bharat Heavy Electricals Ltd (BHEL) reported a 118.9% year-on-year increase in profit attributable to owners, reaching ₹820.94 crore in the second quarter of FY27. This compares to ₹374.89 crore in the same period last year. The company's revenue from operations also grew by 23.8% to ₹9,300.35 crore, up from ₹7,511.80 crore in Q2 FY26. This growth was supported by performance across its power and industry segments.

The power segment, which constitutes over 71% of BHEL's total revenue, saw a 17% increase, generating ₹6,637.90 crore compared to ₹5,675.64 crore in the corresponding quarter of the previous financial year. Earnings per share (EPS) for the quarter rose to ₹2.36 from ₹1.08 in Q2 FY26, marking an increase of 118.5%.

Investment in Manufacturing Facilities

BHEL's board has approved a ₹500 crore investment. This capital will be used to add facilities for manufacturing thermal and nuclear sets at its Heavy Electrical Equipment Plant (HEEP) unit located in Haridwar. Additionally, the board approved the merger of an Electrical Machines Repair Plant in Mumbai with its Electronics Division in Bengaluru, effective November 1, 2026, establishing the Electronics Division as the single merged unit.

India Targets 100 GW Nuclear Capacity by 2047, Seeks Private Investment

India plans to expand its nuclear power capacity to 100 GW by 2047, a tenfold increase from its current 8.8 GW. This initiative requires an investment of ₹15 lakh crore to add 91 GW of new capacity. The Central Electricity Authority (CEA) Chairman Ghanshyam Prasad stated that deeper private sector involvement is crucial for this expansion.

Legislation approved in December 2025 allows private and foreign companies to enter India’s nuclear power sector, shifting from a state-controlled model. Private companies will need licenses to operate nuclear power plants, while foreign firms can participate through partnerships with Indian companies. Of the 100 GW target, 46 GW is expected to come from public sector undertakings, private players, and joint ventures.

The increased nuclear capacity is intended to meet a projected peak power demand of 459 GW by 2035-36, up from 250 GW in 2024-25. Nuclear power is viewed as a stable, round-the-clock electricity source that can complement the expansion of renewable energy and help maintain grid stability.

India to Introduce New Data Center Policy Amid Power Consumption Concerns

India is preparing to implement a new policy for data centers, as announced by a junior IT minister. This move comes in response to global concerns regarding the sector's increasing power usage and aims to prevent higher electricity costs for consumers. Currently, India lacks a dedicated policy for data centers, which are approved under existing environmental and building regulations, with some states offering their own incentives.

The government of India considers the data center sector a $200 billion opportunity and a key part of Prime Minister Narendra Modi's investment strategy. The minister noted that some countries have experienced data centers diverting power from consumers, leading to increased electricity prices, a situation India aims to avoid. Specific details about the policy's scope or release date were not provided.