BHEL shines on entering into strategic partnership agreement with HIMA Middle East FZE
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Bharat Heavy Electricals is currently trading at Rs. 294.50, up by 12.85 points or 4.56% from its previous closing of Rs. 281.65 on the BSE.
The scrip opened at Rs. 283.45 and has touched a high and low of Rs. 300.20 and Rs. 282.10 respectively. So far 1481544 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 300.20 on 2-Apr-2024 and a 52 week low of Rs. 77.30 on 29-May-2023.
Last one week high and low of the scrip stood at Rs. 300.20 and Rs. 264.05 respectively. The current market cap of the company is Rs. 103887.36 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 24.69% and 12.13% respectively.
Bharat Heavy Electricals (BHEL) has entered into a strategic partnership agreement for the Railway Signalling Business with M/s HIMA Middle East FZE, Dubai (A wholly owned subsidiary of HIMA Paul Hildebrandt GmbH, Germany). HIMA is world’s leading solution provider for safety-related automation in the railways and process industries.
BHEL has been supplying Locomotives, Electrics for EMU/MEMU, Propulsion Systems, Traction Motors, Traction Alternators, Traction Transformers, etc. to Indian Railways.
The partnership with HIMA will further enhance BHEL’s offerings to Indian Railways.
Bharat Heavy Electricals is an Indian central public sector undertaking and the largest government-owned power generation equipment manufacture.
