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BHEL surges on securing contract worth Rs 3536 crore from GSECL

18 Sep 2014 Evaluate

Bharat Heavy Electricals (BHEL) is currently trading at Rs. 225.55, up by 4.85 points or 2.20% from its previous closing of Rs. 220.70 on the BSE.

The scrip opened at Rs. 220.70 and has touched a high and low of Rs. 226.25 and Rs. 218.65 respectively. So far 261323 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. 126.40 on 18-Sep-2013.

Last one week high and low of the scrip stood at Rs. 225.65 and Rs. 215.00 respectively. The current market cap of the company is Rs. 54667.15 crore.

The promoters holding in the company stood at 63.06% while Institutions and Non-Institutions held 32.52% and 4.42% respectively.

BHEL has secured contract worth Rs 3536 crore for setting up a supercritical thermal power project on EPC (Engineering, Procurement & Construction) basis from Gujarat State Electricity Corporation (GSECL). The order for setting up a 1x800 MW coal-fired supercritical thermal unit at Wanakbori in Kheda District of Gujarat, has been won by BHEL against International Competitive Bidding (ICB). With this, GSECL has reposed confidence in BHEL’s proven technological excellence as also its capability in executing power projects of this magnitude on EPC basis.

Significantly, this is the first ever project of 800 MW unit rating ordered in the country on EPC basis and is also the highest valued order placed by GSECL. This reinforces BHEL’s leadership status in the execution of supercritical thermal power projects involving supply of state-of-art equipment, suited to Indian coal and Indian conditions. With this project, BHEL has now won orders for supply and installation of 33 supercritical boilers and 28 turbines of 660 / 700 / 800 MW ratings.

The company’s scope of work in the project includes design, engineering, manufacture, supply, construction, erection, testing & commissioning for the EPC Package comprising 1x800 MW supercritical set. The key equipment for the contract will be manufactured at BHEL’s Trichy, Haridwar, Bhopal, Ranipet, Hyderabad, Bangalore and Jhansi plants, with the company's Power Sector - Western Region to be responsible for civil works and erection / commissioning of the equipment.

BHEL is currently engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products, systems and services for the core sector companies in the field of power, transmission, transportation, renewable energy, oil and natural gas and defence.

BHEL Share Price

337.95 4.40 (1.32%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BHEL 337.95
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