Bharat Heavy Electricals gains on inking MoU with Indraprastha Gas
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Bharat Heavy Electricals is currently trading at Rs. 74.51, up by 0.37 points or 0.50% from its previous closing of Rs. 74.14 on the BSE.
The scrip opened at Rs. 74.15 and has touched a high and low of Rs. 74.70 and Rs. 73.92 respectively. So far 107929 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 91.45 on 05-Dec-2022 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. 76.78 and Rs. 73.63 respectively. The current market cap of the company is Rs. 25816.02 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 23.20% and 13.64% respectively.
Bharat Heavy Electricals (BHEL) has signed a Memorandum of Understanding (MoU) with Indraprastha Gas (IGL) for Joint collaboration for development, manufacturing & deployment of Type-IV Cylinders (CNG &/or Hydrogen), Hydrogen blending in city gas distribution (CGD) and Fuel cell based power backup system. The company has signed a MoU on March 22, 2023.
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.
