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BHEL surges on commissioning 250 MW coal-based thermal power plant at Chhabra

01 Jul 2014 Evaluate

Bharat Heavy Electricals (BHEL) is currently trading at Rs. 253.90, up by 3.80 points or 1.52% from its previous closing of Rs. 250.10 on the BSE.

The scrip opened at Rs. 251.20 and has touched a high and low of Rs. 254.85 and Rs. 251.00 respectively. So far 260872 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 291.50 on 26-May-2014 and a 52 week low of Rs. 100.35 on 20-Aug-2013.

Last one week high and low of the scrip stood at Rs. 255.40 and Rs. 242.95 respectively. The current market cap of the company is Rs. 62169.04 crore.

The promoters holding in the company stood at 63.06% while Institutions and Non-Institutions held 32.61% and 4.33% respectively.

BHEL has achieved another milestone by successfully commissioning another 250 MW thermal unit in Rajasthan. The unit was commissioned at Rajasthan Rajya Vidyut Utpadan Nigam’s (RRVUNL) 2x250 MW Chhabra Thermal Power Project (TPP) Stage-II, located in Baran district of Rajasthan.

With the commissioning of this fourth 250 MW unit at Chhabra TPP, the capacity of the coal-based thermal power plant has gone up to 1,000 MW. The company has earlier commissioned three units of similar rating at the Stage I and Stage II of the power project.

Reposing confidence in BHEL’s proven technological excellence, RRVUNL had placed an order valued at nearly Rs 990 crore on the company, for setting up two units of 250 MW each (Units 3&4) as Stage - II expansion project of Chhabra TPP. BHEL’s scope of work in the contract envisaged design, engineering, manufacture, supply, erection and commissioning of Steam Generators and Steam Turbine Generators and Associated Auxiliaries with state-of-the-art Controls & Instrumentation (C&I) system. The equipment for the project was supplied by BHEL’s Haridwar, Trichy, Ranipet and Bangalore plants, while BHEL’s Power Sector - Northern Region undertook erection and commissioning of the equipment.

BHEL Share Price

332.70 7.10 (2.18%)
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Company Name CMP
BHEL 332.70
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