Bharat Heavy Electricals zooms on bagging order for upgraded main gun of frontline ships
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Bharat Heavy Electricals is currently trading at Rs. 59.85, up by 2.95 points or 5.18% from its previous closing of Rs. 56.90 on the BSE.
The scrip opened at Rs. 56.85 and has touched a high and low of Rs. 60.75 and Rs. 56.85 respectively. So far 4968692 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 79.50 on 09-Jun-2021 and a 52 week low of Rs. 26.75 on 16-Oct-2020.
Last one week high and low of the scrip stood at Rs. 60.75 and Rs. 54.15 respectively. The current market cap of the company is Rs. 20892.38 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 17.06% and 19.76% respectively.
In a major boost to Defence Production under the 'Make in India' initiative and towards achieving self-reliance in the critical field of Defence equipment, Goa Shipyard has placed a maiden order on Bharat Heavy Electricals (BHEL) for supply of an upgraded Super Rapid Gun Mount (SRGM), the Main gun onboard most Warships of the Indian Navy.
The order envisages supply, installation and commissioning of the entire system - Upgraded SRGM and accessories for Triput Class Frigates of the Indian Navy, which will be manufactured by the Haridwar unit of BHEL.
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.
