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News Topical, Digital Desk : Government company Bharat Heavy Electricals Limited (BHEL) informed after the stock market closed on Friday that the company has signed a 10-year exclusive agreement (MoU) with Horizon Fuel Cell Technologies of Singapore. Under this agreement, hydrogen fuel cell based rolling stock will be developed in India. In the exchange filing, the company said, "Bharat Heavy Electricals Limited (BHEL) has signed a long-term exclusive agreement (MoU) with Horizon Fuel Cell Technologies Pte Ltd of Singapore. The objective of this partnership is to promote hydrogen fuel cell based technology and solutions in India.
The company has reported a loss of Rs 455.4 crore in the quarter ended June 2025. The company had incurred a loss of Rs 211 crore in the same quarter of the previous financial year. This increase in loss was mainly due to increased expenses. However, the company's income from operations increased marginally to Rs 5486.9 crore as against Rs 5484.9 crore in the same quarter of the previous financial year. Share performance The company's stock closed at Rs 212.90 on Friday with a gain of 0.86 per cent. The company's stock has seen a decline of 22.17 per cent in the last one year.
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