BHEL gains on signing contract agreement with Adani Power, subsidiary
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BHEL is currently trading at Rs. 298.75, up by 2.60 points or 0.88% from its previous closing of Rs. 296.15 on the BSE.
The scrip opened at Rs. 299.45 and has touched a high and low of Rs. 303.90 and Rs. 294.80 respectively. So far 504794 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 335.40 on 09-Jul-2024 and a 52 week low of Rs. 105.05 on 25-Aug-2023.
Last one week high and low of the scrip stood at Rs. 303.90 and Rs. 291.65 respectively. The current market cap of the company is Rs. 104340.03 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 24.12% and 12.70% respectively.
Bharat Heavy Electricals (BHEL) has signed contract agreement with Adani Power and its subsidiary (Mahan Energen) for setting up 3 nos. Supercritical Thermal Power projects (each of 2x800 MW rating) in Kawai, Rajasthan & Mahan, Madhya Pradesh. The supply of projects will be completed in 49 months (Kawai Phase-II), 52 months (Kawai Phase-III) and 55 months (Mahan Phase-III). The value of 3 orders is aggregating to more than Rs 11,000 crore excluding GST.
Bharat Heavy Electricals is an Indian central public sector undertaking and the largest government-owned power generation equipment manufacture.
