Bharat Heavy Electricals (BHEL) is currently trading at Rs. 77.10, up by 2.20 points or 2.94% from its previous closing of Rs. 74.90 on the BSE.
The scrip opened at Rs. 75.60 and has touched a high and low of Rs. 77.25 and Rs. 74.90 respectively. So far 1184079 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 91.10 on 12-Apr-2018 and a 52 week low of Rs. 56.25 on 05-Feb-2019.
Last one week high and low of the scrip stood at Rs. 77.25 and Rs. 66.60 respectively. The current market cap of the company is Rs. 26759.66 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 (BHEL) and GAIL India have entered into a Memorandum of Understanding (MoU) to jointly develop solar power projects. GAIL shall be the project developer and BHEL shall act as an engineering, procurement, construction and project management contractor.
BHEL shall also provide operation and maintenance services during the initial period upon becoming successful bidder. The MOU aims at building a closer strategic partnership between the two Maharatna PSUs for jointly pursuing commercial solar power projects through participation in tariff / Viability Gap Funding (VGF) based competitive bidding process.
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.