BHEL rises on commissioning 500 MW Thermal Unit in Tamil Nadu

Bharat Heavy Electricals is currently trading at Rs 269.55, up by 5.20 points or 1.97% from its previous closing of Rs 264.35 on the BSE.

The scrip opened at Rs. 267.60 and has touched a high and low of Rs. 270.60 and Rs. 265.40 respectively. So far 324103 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. 195.10 on 07-Oct-2014.

Last one week high and low of the scrip stood at Rs. 270.60 and Rs. 249.00 respectively. The current market cap of the company is Rs. 65901.63 crore.

The promoters holding in the company stood at 63.06% while Institutions and Non-Institutions held 33.37% and 3.57% respectively.

Bharat Heavy Electricals (BHEL) has successfully commissioned the second 500 MW unit at Tuticorin Thermal Power Station (TPS). The first 500 MW unit of the project was commissioned by BHEL on March 10, 2015. Tuticorin TPS has been set up by NLC Tamil Nadu Power (NTPL), a joint venture of Neyveli Lignite Corporation (NLC) and Tamil Nadu Generation and Distribution Corporation (TANGEDCO). The project is situated near the Thoothukudi (Tuticorin) port on the shore of the Bay of Bengal.

Earlier stages of Tuticorin TPS comprise five units of 210 MW, all installed by BHEL in three phases between 1979 and 1992. The BTG, Civil and BoP order for two 500 MW sets was placed on BHEL by NTPL reflecting the customer’s confidence in the company’s technological excellence and capabilities in executing such projects. Recently, BHEL had commissioned second unit of NLC’s 250 MW circulating fluidized bed combustion (CFBC) based power plant at Neyveli. The other project being executed by BHEL for NLC is the prestigious, 2x500 MW pulverized lignite fired thermal power plant, also coming up at Neyveli, which is the highest rating set of its kind in the country.

Notably, BHEL commissioned 8,230 MW in the power sector utility segment in the country during the financial year 2014-15, surpassing Govt. of India’s capacity addition target of 6,914 MW set for BHEL, by 19%. In all, BHEL commissioned/synchronized 11,941 MW in domestic and international markets during 2014-15, besides making major contribution to another 1600 MW by commissioning two boilers of 800 MW each. Significantly, BHEL’s installed capacity has crossed 155 GW, including 132 GW of domestic utility sets and the company has joined the elite club of international manufacturers that have supplied power generating equipment of more than 150 GW.