BHEL surges on commissioning 660 MW thermal unit in Uttar Pradesh

Bharat Heavy Electricals (BHEL) is currently trading at Rs. 170.35, up by 1.70 points or 1.01% from its previous closing of Rs. 168.65 on the BSE.

The scrip opened at Rs. 169.25 and has touched a high and low of Rs. 170.90 and Rs. 168.50 respectively. So far 108666 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 299.50 on 04-Feb-2015 and a 52 week low of Rs. 164.10 on 08-Dec-2015.

Last one week high and low of the scrip stood at Rs. 174.60 and Rs. 166.45 respectively. The current market cap of the company is Rs. 41719.34 crore.

The promoters holding in the company stood at 63.06% while Institutions and Non-Institutions held 33.21% and 3.73% respectively. 

BHEL has commissioned 660 MW coal-based supercritical thermal unit in Uttar Pradesh. The unit has been commissioned at the upcoming 3x660 MW Prayagraj Super Thermal Power Project (STPP) at Bara in Allahabad district of Uttar Pradesh.  This is the first supercritical thermal unit in Uttar Pradesh to achieve capacity addition on attaining full load.

The greenfield thermal power project is owned by Prayagraj Power Generation Company (PPGCL), a subsidiary company of Jaiprakash Power Ventures. The commissioning of this unit comes close on the heels of the synchronisation of two 660 MW supercritical units at Lalitpur STPP (3x660 MW) in UP.

The units are successfully operating at maximum load as permitted by the grid. One more 660 MW unit at Lalitpur and two units of 660 MW each at Bara are also in advanced stage of construction. In addition, one 500 MW Unit at Anpara Thermal Power Station in Uttar Pradesh is also nearing completion.

All these Units executed by BHEL will significantly improve the power availability in the state of Uttar Pradesh. BHEL is the leading power equipment manufacturer in the country with 43 sets of supercritical boilers and 38 sets of supercritical turbine generators ordered on it by various customers. These orders have been received from Central, State as well as private sector utilities, who have reposed confidence in the company.

Supercritical units are more efficient, consume lesser coal and are also eco-friendly. BHEL-supplied supercritical sets have already been commissioned at 2x660 MW Barh Stage-II (Boilers and Turbines) and at the 2x800 MW Krishnapatnam (Boilers). BHEL has already commissioned 4,410 MW of power plants in the utility sector during the financial year 2015-16 and is on track to achieve the target set by the government for the year.