BHEL gains on bagging prestigious order from Hindustan Aeronautics
Bharat Heavy Electricals is currently trading at Rs. 53.55, up by 0.35 points or 0.66% from its previous closing of Rs. 53.20 on the BSE.
The scrip opened at Rs. 53.60 and has touched a high and low of Rs. 54.05 and Rs. 52.70 respectively. So far 1358349 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 79.50 on 09-Jun-2021 and a 52 week low of Rs. 38.40 on 16-Feb-2021.
Last one week high and low of the scrip stood at Rs. 57.30 and Rs. 52.80 respectively. The current market cap of the company is Rs. 18402.70 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 17.66% and 19.17% respectively.
Bharat Heavy Electricals (BHEL) has bagged a prestigious order for the supply of Compact Heat Exchanger sets for 83 LCA Tejas MK1A aircrafts, from Hindustan Aeronautics (HAL). The order envisages manufacturing, assembly, testing and supply of Compact Heat Exchangers to be fitted in the LCA Tejas aircraft being manufactured by HAL.
The company’s Heavy Plates and Vessels Plant (HPVP), Visakhapatnam is the sole supplier of Heat Exchangers for LCA Tejas to HAL since 1996. BHEL-HPVP and Aeronautical Development Agency (ADA), Bangalore have jointly designed and developed 13 different types of Compact Heat Exchangers for Environmental Control System (ECS) and Secondary Power System (SPS) of LCA MK-1 programme.
The company is also currently working with DRDO for the development of Air Cycle Machine based Liquid Cooling System (LCS) for Aircraft POD application for LCA Mk-2.
BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.