BHEL spurts on commissioning 500 MW Thermal Unit in Uttar Pradesh

Bharat Heavy Electricals is currently trading at Rs 104.80, up by 0.45 points or 0.43% from its previous closing of Rs. 104.35 on the BSE.

The scrip opened at Rs. 104.40 and has touched a high and low of Rs. 105.15 and Rs. 103.45 respectively. So far 241423 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 289.85 on 21-Jul-2015 and a 52 week low of Rs. 90.40 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 111.00 and Rs. 102.10 respectively. The current market cap of the company is Rs. 25638.61 crore.

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

Bharat Heavy Electricals (BHEL) has achieved yet another landmark in the power development programme of the state of Uttar Pradesh by successfully commissioning the second 500 MW thermal unit at Anpara-D Thermal Power Plant (TPP) in Sonbhadra district of Uttar Pradesh. Significantly, with this, BHEL has added 2,320 MW of generating capacity in Uttar Pradesh in the current fiscal (2015-16). Significantly, this is a first of its kind project, where the power plant has been set up on an abandoned ash pond, thereby enabling saving of scarce land. Setting up the power plant on an ash pond required special technological innovations in the area of civil engineering. Successful execution of this project has set an alternate option for future projects facing constraints of scarcity of land.

BHEL was entrusted with the contract for setting up 2 units of 500 MW each at Anpara-D TPP by Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL). The first 500 MW unit of the project was commissioned earlier by BHEL in June, 2015. In addition, BHEL has recently commissioned two sets of 660 MW rating in UP, at Bara in December, 2015 & Lalitpur in January, 2016. BHEL’s scope of work for the project envisaged design, engineering, manufacture, supply, erection and commissioning of state-of-the-art equipment for the project on Engineering, Procurement & Construction (EPC) basis. Key equipment included Steam Turbines, Generators and Boilers, along with associated auxiliaries and electricals, besides Controls & Instrumentation (C&I), Electrostatic Precipitators (ESPs), suitable for Indian coal and Indian conditions, Balance of Plant (BOP) packages and civil works.

BHEL has been a major partner in the power development programme of Uttar Pradesh, with 77% of its government sector projects, aggregating to over 13,000 MW, having been supplied by BHEL. BHEL-make 500 MW sets of this rating class form the backbone of the Indian power sector and have been performing much above the national average as well as international benchmarks. BHEL has already established its engineering prowess in the past through successfully delivering higher-rated units such as 600 MW, 660 MW, 700 MW and 800 MW thermal sets, having a high degree of indigenization.