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BHEL rises on securing order for setting up 25 MW floating SPV power plant

16 Jul 2019 Evaluate

Bharat Heavy Electricals is currently trading at Rs. 64.90, up by 0.70 points or 1.09% from its previous closing of Rs. 64.20 on the BSE.

The scrip opened at Rs. 64.75 and has touched a high and low of Rs. 65.20 and Rs. 63.95 respectively. So far 328942 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 83.25 on 07-Sep-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. 68.45 and Rs. 63.25 respectively. The current market cap of the company is Rs. 22598.59 crore.

The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 30.95% and 5.88% respectively.

Bharat Heavy Electricals (BHEL) has won an order for setting up a 25 MW Floating Solar Photovoltaic (SPV) Power Plant on Engineering, Procurement and Construction (EPC) basis, at Simhadri in the state of Andhra Pradesh. Valued at over Rs 100 crore, the order has been placed on BHEL by NTPC.

The plant will be set up on the raw water reservoir of NTPC's Simhadri Thermal Power Plant. Notably, this is the second order of floating SPV plant from NTPC, the earlier being 100 MW floating SPV plant at Ramagundam in the state of Telangana. With this order, BHEL has emerged as the largest EPC player in the floating solar PV segment in India with a portfolio of 130 MW.

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

331.75 15.05 (4.75%)
20-Apr-2026 11:38 View Price Chart
Peers
Company Name CMP
BHEL 331.75
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GMM Pfaudler 917.50
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