BHEL soars on bagging Renovation & Modernization orders worth Rs 430 crore

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

03 Oct 2016 Evaluate

Bharat Heavy Electricals (BHEL) is currently trading at Rs. 137.40, up by 2.75 points or 2.04% from its previous closing of Rs. 134.65 on the BSE.

The scrip opened at Rs. 136.00 and has touched a high and low of Rs. 137.90 and Rs. 135.30 respectively. So far 647248 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 219.70 on 27-Oct-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. 146.90 and Rs. 129.40 respectively. The current market cap of the company is Rs. 33483.17 crore.

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

BHEL has bagged two contracts worth Rs 430 crore for Renovation & Modernization (R&M) of Hydro Electric Plants (HEPs). The R&M order is of 6x60 MW Balimela HEP of Odisha Hydro Power Corporation (OHPC) and the 3x60 MW Bairasiul HEP of National Hydro Power Corporation (NHPC).

The units at both Balimela and Bairasiul have been in operation for over 35 years and the R&M of these units will result in restoration of output capacity, improvement in efficiency and reduction in auxiliary power consumption, in addition to leading to better plant availability.

BHEL’s scope of work in the orders envisages design, engineering, manufacturing, supply, dismantling, erection, testing and commissioning of critical parts of Turbines, Generators, Governors, Controls & Instrumentation, Protection and Balance of Plant (BoP). Major equipment for these contracts will be manufactured and supplied by BHEL’s plants at Bhopal, Jhansi and Bengaluru.

BHEL Share Price

404.65 -1.65 (-0.41%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
BHEL	404.65
Thermax	4681.15
Kirloskar Oil Eng	1727.60
Skipper	466.10
GMM Pfaudler	894.95
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