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BHEL gallops on commissioning first 800 MW Supercritical thermal unit in Karnataka

25 May 2016 Evaluate

Bharat Heavy Electricals is currently trading at Rs. 120.80, up by 3.25 points or 2.76% from its previous closing of Rs. 117.55 on the BSE.

The scrip opened at Rs. 119.00 and has touched a high and low of Rs. 121.00 and Rs. 118.75 respectively. So far 326203 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. 121.95 and Rs. 115.75 respectively. The current market cap of the company is Rs. 29346.72 crore.

The promoters holding in the company stood at 63.06% while Institutions and Non-Institutions held 32.34% and 4.60% respectively.

Bharat Heavy Electricals (BHEL) has successfully commissioned the first 800 MW Supercritical thermal unit in Karnataka, which is also the highest rating unit in the state. The unit has been commissioned at the 2x800 MW Yeramarus Thermal Power Station (TPS) located in Raichur district of Karnataka. Yeramarus is being developed by Raichur Power Corporation (RPCL) - a Joint Venture of Karnataka Power Corporation (KPCL) and BHEL.

The second unit of this project is also in an advanced stage of construction and is expected to be commissioned shortly. BHEL’s scope of work for the project envisaged design, engineering, manufacture, supply, erection and commissioning of state-of-the-art supercritical Boiler and Turbine Generators along with associated civil works and agreed Balance of Plant (BoP) packages.

The key equipment for the project has been manufactured by BHEL at its Haridwar, Bhopal, Ranipet, Hyderabad, Jhansi, Thirumayam and Bengaluru plants, while the construction of the plant has been undertaken by the company's Power Sector- Southern Region. BHEL has been a major partner of KPCL in the development of Karnataka’s power sector.

 

BHEL Share Price

404.65 -1.65 (-0.41%)
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