Bharat Electronics soars on setting up EV charging station at HPCL Retail Outlet
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Bharat Electronics is currently trading at Rs. 103.25, up by 0.25 points or 0.24% from its previous closing of Rs. 103.00 on the BSE.
The scrip opened at Rs. 102.90 and has touched a high and low of Rs. 103.45 and Rs. 101.00 respectively. So far 231080 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 115.00 on 15-Sep-2022 and a 52 week low of Rs. 61.15 on 29-Oct-2021.
Last one week high and low of the scrip stood at Rs. 106.50 and Rs. 101.00 respectively. The current market cap of the company is Rs. 75400.37 crore.
The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 43.76% and 5.11% respectively.
In a bid to promote the Government of India’s Green Energy drive, Bharat Electronics (BEL), in collaboration with Hindustan Petroleum Corporation (HPCL), has set up a fast Electric Vehicle (EV) charging station at the HPCL Retail Outlet at Amravati Enclave near Pinjore on the Chandigarh-Shimla Highway. The charging station has two guns of 25 KW each of CCS-2 protocol.
The Panchkula Unit of BEL is working towards meeting India’s global commitment to reduce carbon footprint and greenhouse gas (GHG) emissions, resulting in reduction of fossil fuel imports. BEL has indigenously developed EV Slow and Fast Chargers, in addition to creating EV charging infrastructure in cities and highways. The Ministry of Heavy Industries has entrusted BEL with the task of setting up EV charging infrastructure at four highways/expressways.
BEL is a multi-product, multi-technology, multi-unit conglomerate with various products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.
