BHEL surges on receiving order from NHPC
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Bharat Heavy Electricals is currently trading at Rs. 107.30, up by 2.00 points or 1.90% from its previous closing of Rs. 105.30 on the BSE.
The scrip opened at Rs. 106.95 and has touched a high and low of Rs. 108.30 and Rs. 106.05 respectively. So far 610998 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 113.35 on 23-Aug-2023 and a 52 week low of Rs. 54.75 on 27-Sep-2022.
Last one week high and low of the scrip stood at Rs. 113.35 and Rs. 97.40 respectively. The current market cap of the company is Rs. 36666.13 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 24.11% and 12.71% respectively.
Bharat Heavy Electricals (BHEL) has received an order from NHPC for Design, engineering, manufacturing, supply, erection and commissioning of Electro-Mechanical package involving Turbine, Generator, Digital Governing System, Static Excitation System, Transformers, Bus Reactors, Gas Insulated Switchgear, Outdoor Pot yard & Switchyard Equipments and Electrical & Mechanical BoPs for 12x240 MW Electro-Mechanical Works of Dibang Multipurpose Project at Roing in Arunachal Pradesh. Major equipment for the contract will be manufactured by BHEL’s plants at Bhopal, Bangalore, Jhansi and Rudrapur. The on-site execution activities will be carried out by the company's Power Sector - Eastern Region division, Kolkata. Broad consideration or size of the order(s)/contract(s) is Rs 2241.86 crore excluding taxes. The said order is expected to be completed in 75 months.
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.
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