BHEL advances on signing MoU for development of hydroelectric projects in overseas markets

Bharat Heavy Electricals Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 500103 | NSE: BHEL

22 Jul 2016 Evaluate

BHEL is currently trading at Rs. 142.00, up by 2.15 points or 1.54% from its previous closing of Rs. 139.85 on the BSE.

The scrip opened at Rs. 140.30 and has touched a high and low of Rs. 142.20 and Rs. 139.70 respectively. So far 4,55,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 289.60 on 31-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. 144.80 and Rs. 137.25 respectively. The current market cap of the company is Rs. 34,755.92 crore.

The promoters holding in the company stood at 63.06%, while Institutions and Non-Institutions held 32.12% and 4.82% respectively.

Bharat Heavy Electricals (BHEL) has signed a Memorandum of Understanding (MoU) on July 21, 2016 with NHPC for undertaking of hydro power projects in overseas markets. As per the MoU, NHPC and BHEL will look after the civil and electro mechanical package respectively.

The company has recently successfully commissioned the third unit of the 4x40 MW Teesta Low Dam, Hydro Electric Project (HEP) Stage-IV in West Bengal. A run-of-the-river greenfield project located in Darjeeling district of West Bengal, Teesta HEP is being set up by National Hydroelectric Power Corporation (NHPC), on the river Teesta.

BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.

BHEL Share Price

404.65 -1.65 (-0.41%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
BHEL	404.65
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