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The company is executing these programs through improved domestic production capacity for ensuring faster delivery.

The project is to develop an AI-powered program for the modernisation of India's national tax analytics platform, informed the company.

The company said that its total income for the period stood at ₹901 Crore. Its total income in the previous corresponding period stood at ₹449 Crore.

The JV will undertake Renewable Energy Projects, subject to approvals from the Ministry of Power, DIPAM or other statutory authorities.

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Separately, BHEL Jhansi has secured an order for Rail Borne Maintenance Vehicles, commonly referred to as RBMVs.

The agreement was inked during the Gujarat Regional Conference for the development of large-scale renewable energy projects in the state.

However, despite a decline in its net profit, the company witnessed a marginal growth in its revenue from operations.

The business said that its total income for the quarter jumped as much as 12.40% on a y-o-y basis. Total income for the quarter came in at ₹6,610 Crore.

The order also includes an advance payment of 10 percent, which will be received along with the order confirmation.