BHEL jumps on bagging order for compressor package from Iraq
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Bharat Heavy Electricals is currently trading at Rs. 50.35, up by 1.25 points or 2.55% from its previous closing of Rs. 49.10 on the BSE.
The scrip opened at Rs. 49.50 and has touched a high and low of Rs. 50.70 and Rs. 49.40 respectively. So far 1767441 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. 43.00 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 52.40 and Rs. 48.80 respectively. The current market cap of the company is Rs. 17410.32 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 prestigious order for a Compressor Package from Iraq. The order is for the Package for Baiji Refinery in Iraq, has been placed by Northern Refineries Company (NRC), a National Oil refinery company owned by Ministry of Oil, Republic of Iraq.
The order envisages design, engineering, manufacturing and supply of electric motor driven Recycle Gas Centrifugal compressor and will be executed by BHEL’s International Operations Division along with its manufacturing units at Hyderabad and Bhopal. The new compressor will replace the existing compressor, also supplied by BHEL in the year 2000, which was damaged due to the war in Iraq.
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.
