Bharat Heavy Electricals (BHEL) is currently trading at Rs. 71.15, up by 0.15 points or 0.21% from its previous closing of Rs. 71.00 on the BSE.
The scrip opened at Rs. 71.30 and has touched a high and low of Rs. 71.60 and Rs. 70.70 respectively. So far 274934 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 108.00 on 23-Jan-2018 and a 52 week low of Rs. 61.55 on 11-Dec-2018.
Last one week high and low of the scrip stood at Rs. 72.10 and Rs. 68.10 respectively. The current market cap of the company is Rs. 24792.29 crore.
The promoters holding in the company stood at 63.06%, while Institutions and Non-Institutions held 30.15% and 6.80% respectively.
Bharat Heavy Electricals has secured an additional order from Maharashtra State Power Generation Company (Mahagenco) for its ongoing 660 MW coal-based supercritical thermal power project at Bhusawal thermal power station (Unit 6). The project is being executed by BHEL on Engineering, Procurement & Construction (EPC) basis at Jalgaon district in Maharashtra.
Mahagenco has reposed faith in the company by awarding the additional order for installation of emission control equipment, changes in various equipment/subsystems due to change in coal, modification in CHP/AHP, etc. With this order, the revised order value for the Bhusawal TPS Unit 6 EPC project is around Rs 3,750 crore. The initial order was won by BHEL against stiff International Competitive Bidding (ICB).
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.