BHEL surges on receiving EPC contract from NLC India
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Bharat Heavy Electricals is currently trading at Rs. 200.75, up by 4.35 points or 2.21% from its previous closing of Rs. 196.40 on the BSE.
The scrip opened at Rs. 205.60 and has touched a high and low of Rs. 205.60 and Rs. 200.50 respectively. So far 868085 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 205.60 on 15-Jan-2024 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. 205.60 and Rs. 192.00 respectively. The current market cap of the company is Rs. 69658.68 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 24.61% and 12.22% respectively.
Bharat Heavy Electricals (BHEL) has received contract from NLC India for 3x800 MW NLC Talabira Thermal Power Project (NTTPP), Jharsuguda District, Odisha, India. Major equipment will be manufactured at BHEL’s Trichy, Haridwar, Hyderabad, Jhansi, Bengaluru, Ranipet, Bhopal, Rudrapur, Varanasi plants. Broad consideration or size of the contract is in excess of Rs 15,000 crore excluding taxes & duties.
Bharat Heavy Electricals is an Indian central public sector undertaking and the largest government-owned power generation equipment manufacture.
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