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BHEL soars on bagging order for setting up a supercritical thermal power project in Tamil Nadu

01 Feb 2016 Evaluate

Bharat Heavy Electricals is currently trading at Rs 142.00, up by 3.15 points or 2.27% from its previous closing of Rs 138.85 on the BSE.

The scrip opened at Rs 140.00 and has touched a high and low of Rs 142.10 and Rs 136.85 respectively. So far 498623 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 131.90 on 18-Jan-2016.

Last one week high and low of the scrip stood at Rs 151.40 and Rs 136.05 respectively. The current market cap of the company is Rs 33838.07 crore.

The promoters holding in the company stood at 63.06% while Institutions and Non-Institutions held 33.08% and 3.86% respectively.

BHEL has bagged a prestigious order for setting up a supercritical thermal power project involving one unit of the country’s highest rating 800 MW sets, in Tamil Nadu. Significantly, this will be the first ever 800 MW supercritical set based power plant in the state. Valued at Rs 2,759 crore, the Main Plant Package contract for the 1x800 MW North Chennai Supercritical TPS Stage III, has been placed on BHEL by the Tamil Nadu Generation and Distribution Corporation (TANGEDCO). The project shall be commissioned by August, 2019. Currently, the company has a significant share of 83% in TANGEDCO’s cumulative coal-based generating capacity. This also includes two 600 MW sets commissioned in 2013 at North Chennai TPS, comprising in-house designed steam turbines, the first of their kind for both BHEL and the state of Tamil Nadu.

BHEL's scope of work in the current contract involves design, engineering, manufacture, supply, erection, commissioning & civil works for the Main Plant Package. The key equipment for the contract will be manufactured at BHEL’s Trichy, Haridwar, Bhopal, Ranipet, Hyderabad, Jhansi and Bangalore plants with the company's Power Sector - Southern Region to be responsible for civil works and erection/ commissioning of the equipment. North Chennai Supercritical TPS Stage III is located in Thiruvallur district of Tamil Nadu and power generated from this plant will help in fostering growth of the state and provide easy access to electricity to the people of Tamil Nadu.

BHEL Share Price

316.70 7.65 (2.48%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BHEL 316.70
Thermax 4141.20
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Skipper 433.50
GMM Pfaudler 931.05
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