BHEL surges on signing MoU with Rail Vikas Nigam
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Bharat Heavy Electricals is currently trading at Rs. 59.05, up by 1.20 points or 2.07% from its previous closing of Rs. 57.85 on the BSE.
The scrip opened at Rs. 55.65 and has touched a high and low of Rs. 60.65 and Rs. 55.55 respectively. So far 2531055 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 78.65 on 13-Oct-2021 and a 52 week low of Rs. 41.40 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 60.65 and Rs. 51.80 respectively. The current market cap of the company is Rs. 20787.92 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 16.81% and 20.02% respectively.
Bharat Heavy Electricals (BHEL) has signed a Memorandum of Understanding (MoU) with Rail Vikas Nigam (RVNL) to jointly work in the field of infrastructure and project execution, in India and abroad, through synergy of their respective capabilities. Indigenizing imported components/equipment in line with 'Make in India' programme and give a boost to 'Atmanirbhar Bharat Policies' of Government of India.
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.
