Bharat Heavy Electricals (BHEL) is currently trading at Rs. 258.10, up by 4.10 points or 1.61% from its previous closing of Rs. 254.00 on the BSE.
The scrip opened at Rs. 252.50 and has touched a high and low of Rs. 260.00 and Rs. 252.50 respectively. So far 3,29,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 467.90 on 05-Jan-2011 and a 52 week low of Rs. 225.00 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs. 260.00 and Rs. 233.50 respectively. The current market cap of the company is Rs. 63,172.00 crore.
The promoters holding in the company stood at 67.72% while Institutions and Non-Institutions held 26.22% and 6.05% respectively.
State-run power equipment major, Bharat Heavy Electricals’ (BHEL) electronics division has commissioned two grid-connected solar power plants of 2 MW each at Katol near Nagpur. These solar power plants are being implemented by Sepset Constructions and Citra Real Estate recently. BHEL commissioning these two Solar Power Plants based on the EPC contract received from the respective customers for setting up grid-connected solar power plants.
These projects are commissioned under rooftop photovoltaic and Small Solar Power Generation Programme (RPSSGP) of IREDA under Jawaharlal Nehru National Solar Mission (JNNSM). From these power plants, company is exporting 9,000 to 10,000 units of solar energy daily to 11kV grid of Maharashtra State Electricity Development Corporation (MSEDCL) at Katol. BHEL is also in the process of setting up another 2-Mw PV power plant near Bareilly in Uttar Pradesh, based on an order from Priapus Infrastructure.
Currently, BHEL is making major inroads in to Solar Photovoltaic business, electronics division while executing various Mw rating contracts for setting up solar power plants for KPCL, Lakshadweep Administration, Indian Oil Corporation among others.