Consolidated total income during the months under review stood at Rs 5658.07 crore, up from Rs 5581.78 crore reported in Q1FY25. Total expenses were up too, rising from Rs 5874.98 crore in Q1FY25 to Rs 6279.78 crore in the current fiscal. Shares of the company closed 3.39% lower at Rs 239.65 a scrip during trade on Wednesday.
BHEL said trade receivables includes overdue amount of Rs 211 crore from STPG (formerly NEC Sudan), stuck on account of civil war. This “has been considered good and not provided for as approved by the Board,” the company said.
Net dues of Rs 185 crore were also reported against Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RVUNL)/Suratgarh 7 & 8 Project (2×660 MW). Commenting on the same, BHEL said creation of provision is not prudent on the basis of recoverability as the customer has issued an amendment for delivery extension, confirmed that payment is under process, and will remit the amount shortly.
“Customer (RVUNL) has paid an amount of Rs 90 Cr in FY 2025-26 (till 31.07.25) out of which Rs 50 crore is received on July 21, 2025,” the company added.
