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BHEL strengthens on commissioning another 520 MW coal-based thermal generating unit in AP

02 Jun 2016 Evaluate

BHEL is currently trading at Rs. 118.50, up by 0.25 points or 0.21% from its previous closing of Rs. 118.25 on the BSE.

The scrip opened at Rs. 118.65 and has touched a high and low of Rs. 118.85 and Rs. 117.10 respectively. So far 2,95,000 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. 131.95 and Rs. 117.10 respectively. The current market cap of the company is Rs. 29,016.00 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 another 520 MW coal-based thermal generating unit in Andhra Pradesh. The unit has been commissioned at the 2x520 MW Vizag Thermal Power Project of Hinduja National Power Company (HNPCL), Visakhapatnam.

Significantly, in Visakhapatnam district, four 500 MW thermal sets supplied and executed by BHEL are already in successful operation at Simhadri Super Thermal Power Station of NTPC. The 2x520 MW Vizag Thermal Power Project has been executed by the company on Engineering, Procurement and Construction (EPC) basis. This project is located on the coast of the Bay of Bengal.

BHEL has also recently secured prestigious orders for setting up two supercritical thermal power projects involving one unit each of the country’s highest rating 800 MW sets, in Andhra Pradesh. The projects are 1x800 MW Dr. Narla Tata Rao Thermal Power Station (Dr NTTPS) Stage-V of Andhra Pradesh Power Generation Corporation Ltd (APGENCO) and 1x800 MW Sri Damodaram Sanjeevaiah Thermal Power Station (SDSTPS) Stage-II, popularly known as Krishnapatnam Supercritical Thermal Power Project, of Andhra Pradesh Power Development Company (APPDCL).


Peers
Company Name CMP
Bharat Heavy Elect. 430.50
Thermax 3138.35
Kirloskar Industries 3460.65
Skipper 516.65
INDO-MIM 1238.40
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