BHEL gains on signing memorandum of cooperation with EDF
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Bharat Heavy Electricals is currently trading at Rs. 159.80, up by 3.65 points or 2.34% from its previous closing of Rs. 156.15 on the BSE.
The scrip opened at Rs. 160.55 and has touched a high and low of Rs. 162.00 and Rs. 158.45 respectively. So far 1013349 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 162.00 on 29-Nov-2023 and a 52 week low of Rs. 66.30 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 162.00 and Rs. 141.05 respectively. The current market cap of the company is Rs. 54372.42 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 23.22% and 13.61% respectively.
Bharat Heavy Electricals (BHEL) and Electricite de France S.A., France (EDF), a French state-owned company and largest nuclear operator worldwide, have signed a Memorandum of Cooperation (MoC) to explore the opportunity to maximize the local content of the Jaitapur Nuclear Power Plant Project (6x1650 MWe) to be established by NPCIL in India. Further, BHEL and EDF will also explore larger collaboration for the European Pressurized Reactors (EPRs) and for the NUWARD SMR (Small Modular Reactor).
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.
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