CosmicTaco

BHEL Inks Strategic MoU with Nuovo Pignone

CosmicTaco · 2025-04-11T10:57:04.573215+05:30

- BHEL has signed a 10-year MoU with Nuovo Pignone International to explore compressor revamp opportunities in India's fertilizer sector. - BHEL shares rose 0.40% to Rs 211.80, with a turnover of Rs 9.15 crore from 4.36 lakh shares traded. - The MoU positions BHEL as the lead bidder for compressor train revamp projects, with Nuovo Pignone as the nominated vendor. - The collaboration aims to capture a 50% business share in the segment, enhancing BHEL's market presence in the fertilizer sector. - BHEL's stock has seen a 200% gain over two years, despite a 17% decline in the past year. Source: [Business News India](https://www.businesstoday.in/markets/stocks/story/bhel-shares-in-focus-today-mou-nuovo-pignone-international-471611-2025-04-11), [The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/bhel-shares-in-focus-after-signing-10-year-mou-with-nuovo-pignone-for-fertiliser-sector-projects/articleshow/120185802.cms), [Moneycontrol](https://www.moneycontrol.com/news/business/stocks/bhel-share-price-in-focus-on-signing-mou-with-nuovo-pignone-international-12991139.html)

BHEL has signed a 10-year MoU with Nuovo Pignone International to explore compressor revamp opportunities in India's fertilizer sector.
BHEL shares rose 0.40% to Rs 211.80, with a turnover of Rs 9.15 crore from 4.36 lakh shares traded.
The MoU positions BHEL as the lead bidder for compressor train revamp projects, with Nuovo Pignone as the nominated vendor.
The collaboration aims to capture a 50% business share in the segment, enhancing BHEL's market presence in the fertilizer sector.
BHEL's stock has seen a 200% gain over two years, despite a 17% decline in the past year.

Source: Business News India, The Economic Times, Moneycontrol