BHEL to Invest Rs 650 Million in Joint Venture NBPPL

Bharat Heavy Electricals Limited (BHEL) has approved a further equity investment of Rs 650 million in NTPC BHEL Power Projects Private Limited (NBPPL). NBPPL is a joint venture between BHEL and NTPC Limited, with each entity holding a 50 percent stake. The investment is scheduled to occur at face value in one or more tranches during the financial year 2026-27.

NBPPL was incorporated in April 2008. Its operations include undertaking engineering, procurement, and construction (EPC) contracts for power plants. Additionally, the joint venture is involved in the manufacturing of power plant equipment. Following this new investment, BHEL's shareholding in NBPPL will remain at 50 percent, maintaining the equal partnership structure with NTPC Limited.

ET Energy Leadership Summit & Awards 2026 to Address India's Energy Transformation

The ET Energy Leadership Summit & Awards 2026, scheduled for September 9–10 in New Delhi, will gather policymakers, regulators, and industry experts to explore the evolving energy landscape of India. The event's central theme, "Powering India’s Next Energy Economy: Security, Scale, Intelligence, and Self-Reliance," highlights the nation's strategic priorities as it navigates a significant energy transformation.

Discussions will address the need for a robust energy system capable of supporting sustained economic growth while enhancing energy security and sustainability. Key topics include strengthening domestic energy supply chains, from hydrocarbons and natural gas to critical minerals and clean-tech manufacturing. The summit will also examine the expansion of transmission infrastructure, the integration of renewable energy, and the digitalization of energy systems.

The agenda features sessions on infrastructure development, focusing on transmission networks, storage systems, and flexible generation to integrate increasing volumes of renewable power. Participants will also delve into the role of natural gas infrastructure and the challenges of transitioning from renewable capacity addition to dispatchable clean power. The event aims to foster collaboration across various sectors of India's energy ecosystem, including generation, transmission, engineering, and digital systems.

Kanohar Electricals Shares See 8% Premium on IPO Listing

Shares of Kanohar Electricals Limited, an Indian transformer manufacturer and EPC service provider, listed at an 8% premium over its IPO price on Wednesday. The stock opened at ₹672.05 on BSE and ₹685.50 on NSE, compared to its issue price of ₹632. The IPO, which aimed to raise ₹1,055.74 crore, was subscribed 90.59 times overall, with the qualified institutional buyer (QIB) portion subscribed 215.37 times.

Kanohar Electricals plans to allocate ₹64.18 crore from the IPO proceeds for capital expenditure and ₹155 crore for incremental working capital requirements. The company reported a 45% year-on-year increase in total income, reaching ₹662.86 crore in FY26 from ₹457.30 crore in FY25. Profit after tax (PAT) nearly doubled, growing 99% from ₹65.12 crore in FY25 to ₹129.73 crore in FY26.

The company operates two manufacturing facilities in Meerut, Uttar Pradesh, with a combined transformer manufacturing capacity of 19,200 MVA as of March 31, 2026. Kanohar Electricals is one of four Indian manufacturers certified by RDSO to produce 100 MVA, 132 kV Scott transformers.