Bharat Heavy Electricals (BHEL) experienced a 4.29% surge in its stock price, reaching ₹277.20, after signing a Technology Collaboration Agreement (TCA) with E2S Company from the Republic of Korea. This partnership focuses on enhancing BHEL's capabilities in Static Excitation Systems (SES) and Brushless Excitation Systems (AVR) for synchronous machines. Under the agreement, BHEL will handle the design, engineering, manufacturing, installation, commissioning, servicing, testing, and retrofitting of these systems for both domestic and international markets. This move is expected to bolster BHEL's competitive edge in the excitation systems sector and contribute to the Indian government's Make in India initiative. Financial specifics of the agreement remain undisclosed. In the third quarter of December 2025, BHEL reported a remarkable 189.82% increase in consolidated net profit, amounting to ₹390.40 crore, alongside a 16.43% rise in revenue from operations, totaling ₹8,473.10 crore compared to the previous year.