Bharat Heavy Electricals rises on bagging order worth around Rs 4000 crore
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Bharat Heavy Electricals is currently trading at Rs. 98.40, up by 0.40 points or 0.41% from its previous closing of Rs. 98.00 on the BSE.
The scrip opened at Rs. 98.70 and has touched a high and low of Rs. 99.20 and Rs. 97.40 respectively. So far 565146 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 107.10 on 01-Aug-2023 and a 52 week low of Rs. 51.80 on 23-Aug-2022.
Last one week high and low of the scrip stood at Rs. 103.05 and Rs. 97.70 respectively. The current market cap of the company is Rs. 34159.04 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 worth around Rs 4000 crore (excluding GST) from Mahan Energen (formerly known as Essar Power MP), a wholly owned subsidiary of Adani Power.
The order is for Supply of equipment (Boiler, Turbine, Generator) and supervision of Erection & Commissioning for 2x800 MW power project based on supercritical technology at Bandhaura, Madhya Pradesh. Boiler and Turbine Generator are to be manufactured at BHEL’s Trichy and Haridwar plants respectively.
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.
