BHEL signs agreement with Bhabha Atomic Research Centre; check pact details

Bharat Heavy Electronics Limited on Wednesday, April 16, said it has signed a Technology Transfer Agreement (TTA) with Bhabha Atomic Research Centre (BARC). This will help BHEL to achieve complete indigenous development of alkaline electrolyser systems.

The company said that the agreement was signed for mixed-matrix membrane diaphragms for separator applications in electrochemical cells.

“The Mixed-Matrix Membrane Diaphragm Technology developed by BARC is an effective replacement of asbestos diaphragm material used in electrolyser systems. Further, this diaphragm will be a low-cost import substitute for Zirfon, which is used in water electrolysers,” BHEL said in a statement to the stock exchanges.

The company further said it will take a step further in BHEL’s contribution to the ‘National Green Hydrogen Mission’ and contribute to the government’s ‘Make in India’ initiative.

The development after the stock market hours. Shares of BHEL closed at ₹225.25 apiece on the National Stock Exchange, rising 1.56% on Wednesday.

Last week, BHEL had signed a memorandum of understanding (MoU) with Nuovo Pignone International to address compressor revamp opportunities in the Indian fertiliser sector.

The 10-years-long deal is a strategic tie-up for business sharing with Nuovo Pignone International.

BHEL shares have gained over 5% in the last five trading sessions. In a month’s period, the stock has jumped 10.5%.

However, year-to-date, the stock has lost 3.42%. In the last six months, since October 6, 2024, BHEL shares have tumbled 16.45%.

The company’s market capitalisation stands at ₹78,433.48 crore, according to NSE.

The PSU share had hit its 52-week low of ₹176 on March 3, 2025, and its one-year high on July 9, 2024, at ₹335.35 apiece.

BHEL reported a consolidated net profit of ₹135 crore in the December quarter, marking an increase of 125% from ₹60 crore in the same period last year.

Its revenue from operations rose 32% in the October-December period to ₹7,277.09 crore as against ₹5,503.81 crore in the year-ago period.