General Updates

Ref: CC/MISC/2026-27/15 Date: 16.07.2026 1. BSE Limited, Mumbai 2. National Stock Exchange of India Ltd., Mumbai Sub: BHEL Q1 FY2026-27 Supplementary Information Sir/Madam, BHEL Q1 FY2026-27 Supplementary Information is enclosed as Annexure. The same is for information and record please. For Bharat Heavy Electricals Limited (Jaya Mitra) Manager, Corporate Communication BHEL at inflection point BHEL Q1 FY2027 Results Supplementary Information DRIVING 16 July 2026 GROWTH Chief Investor Relations Officer, BHEL across POWER & INDUSTRY BHEL: Strong Foundation for the Next Growth Cycle • BHEL is entering a multi-year growth phase with improving profitability and cash generation. • BHEL is translating order book into profitable growth with higher margins, and stronger cash generation. • A record executable order book provides strong long term revenue visibility. • Nuclear, coal gasification, and green hydrogen are the next engines of growth. • HVDC & green energy corridors, defence, rail mobility are the strong diversifications, reducing dependence on any single sector. • India’s infrastructure and energy expansion create a large and durable demand opportunity for BHEL. Opportunities secured in Q1FY27 • Significant expansion in international business • Design, manufacture, supply & supervision of erection & commissioning 8 Gas Turbine Generator (GTG) Packages for Petroleum Refinery and Polypropylene Plant Exports – Power – Rs. 2,353 Crore Rs. 22,625 Crore — BHEL's largest-ever single export order on Supply & Supervision basis for GTG. • Sustained Leadership in core thermal Area: Secured EPC of 3x800 MEJA STPP, 1X800 Main Plant Package of DVC Durgapur Total order inflow Rs. 26,745 Crore • Sustained Traction in non-thermal Areas: • Nuclear: Overhauling and commissioning of TG pkg of 500 MW PFBR at Kalpakkam • Transmission: 29 transformers (5430 MVA) from utilities • Defence: Major Overhaul of 10 SRGMs and Supply of SRGM spares Industry – • O&G: Supply of Well Head & Christmas Tree equipment from exploration company Rs. 1,767 Crore • Transporation: Supply of propulsion equipment sets, electrics, traction motors from Indian Railways Robust Order Book – Long term Earnings Visibility High-quality, and increasingly diversified order book, with a growing share from strategic non-thermal businesses. • Significant outstanding OB in non-thermal areas: Power – 81% • Nuclear: ~Rs. 12,000 Cr • Transmission: ~Rs. 14,000 Cr • Defense: ~Rs. 7,000 Cr Rs. 2,60,255 Crore • Transporation: ~Rs. 15,000 Cr • Coal gasification:~ Rs. 8,000 • Hydro: ~5,500 Cr Exports – 2% Industry – 17% • Spares & Service: ~Rs 4,000 Cr Strong focus on execution- Q1FY 2026-27 Disciplined execution is structurally improving margins. • Sustained execution: Achieving project milestones • Capacity Addition achieved for Unit#2 of Patratu STPS and Unit#3 of Yadadri TPS • Full Load achieved for Unit#1 of Udangudi STPP • Synchronisation of STG at cement plant and Coal firing at NALCO Damanjodi CPPP • Coal gasification: new engines of growth • Hon'ble President Smt. Droupadi Murmu and PM Shri Narendra Modi remotely laid the foundation stone for BCGCL's (CIL–BHEL JV) Coal-to-Ammonium Nitrate Project at Lakhanpur, Odisha, on 20 June 2026. • BHEL showcased its indigenous coal gasification capabilities at Ministry of Coal roadshows in New Delhi and Hyderabad. India's Energy & Manufacturing Super cycle India’s Infrastructure and Energy expansion creating a large and durable demand opportunity for BHEL Power Demand ↑ peak ~270-280 GW by Generation Green Hydrogen FY27 Capacity ↑ Nat'l Mission: 5 MMTPA by 2030 ↑ ~250 GW installed thermal capacity as source of spares business Business Renewables Potential Transmission Potential Opportunities ↑ Target 500 GW RE ↑ ~Rs. 9-9.5L cr planned by opportunities opportunities integration by 2030 2030 Defence Industrial Manufacturing Manufacturing ↑ Modernization & Railway ↑ Make in India capex indigenization upcycle Modernisation ↑ VB series launched BHEL participates across the entire value chain Figures are indicative, drawn from publicly reported government/industry data (as of early 2026); verify latest figures before external use. Strategic Growth Engines HVDC & green energy corridors, defence and rail mobility are the strong diversifications. HVDC & Green Energy Defence Rail Mobility Corridors Market Size: Around 75% of the Market Size: Indian Railways Market Size: ~Rs. 9-9.6L cr capital acquisition budget is capex of ~Rs. 3 L cr (FY27 budget) transmission capex planned by reserved for domestic defence 2030 (CEA) industries in FY27 Position: Key Supplier for SRGM, Position: Secured prestigious VB Position: Established HVDC & exploring expanding into ADG for train order, supplies traction & substation equipment supplier army, naval gas turbines etc. electrical equipment for locomotives Outlook: Green Energy Corridors Outlook: Atmanirbhar Bharat Outlook: ~98% broad-gauge driving a growing HVDC pipeline indigenization is a strong tailwind electrified; focus shifts to speed & capacity Strategic Growth Engines Nuclear, coal gasification and green hydrogen are the next engines of growth. Nuclear Coal Gasification Green Hydrogen Market Size: Capacity target Market Size: National mission Market Size: National Mission raised to 100 GW by 2047 (from targets ~100 MT gasification targets 5 MMTPA production by ~8 GW) capacity by 2030 2030 Position: Key supplier for Position: Establishing coal Position: Electrolyser domestic turbine-generator with gasification project for 2000TPD manufacturing and project EPC NPCIL ammonium nitrate with Coal India being explored Outlook: SMR policy opening & Outlook: New order category as Outlook: SIGHT scheme incentives private entry to unlock new the thermal fleet decarbonizes to help scale electrolyser output orders FY27 Vision: Growth with profitability BHEL is translating order book into profitable growth with higher margins and stronger cash generation. Cash Generation Revenue Growth Margin Expansion ↑ Leveraging focused on project ↑ Growth based on focused ↑ Based on operating leverage completion and faster execution and robust OB and operational efficiency realization Diversification initiatives Technology Leadership Export Growth ↑ Reducing dependency on ↑ New technology strategic tie- single sector ↑ New frontiers being explored up being explored From turnaround to sustainable value creation Revenue Growth is increasingly translating into EBITDA and PAT expansion. Particulars (Rs. Crore) Q1FY26 Q1FY27 % change Revenue from Operations 5,487 7,698 40%  Gross Operating Margin 1,698 2,516 48%  EBITDA (352) 735 Turnaround  Profit Before Tax (607) 513 Turnaround  Profit After Tax (455) 382 Turnaround  Total Customer Collection 8,191 11,004 34%  Outstanding OB 2,04,375 2,60,255 27%  Context regulations.Actual results could differ materially from those expressed or Subsequent to the declaration of the results of Q1 FY 2026-27 on NSE, implied. Important factors that could make a difference to the company’s BSE and www.bhel.com post approval from the Board, following operations include global and Indian demand supply conditions, finished supplementary information is shared for the interest of broader investor goods prices, cyclical demand and pricing in the company’s principal community. markets, changes in government regulations, tax regimes, economic developments within India and the countries within which the company Cautionary Statement conducts business and other factors such as litigation and labour negotiations. The company assumes no responsibility to publicly amend, Statements in this “document” describing the company’s objectives, modify or revise any forward looking statement, on the basis of any estimates, expectations or predictions may be “forward looking subsequent development, information or events, or otherwise. statements” within the meaning of applicable securities laws and Thanks! shareholderquery@bhel.in