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BHEL dips after receiving contract termination notice from NMDC

17 Jul 2019 Evaluate

Bharat Heavy Electricals is currently trading at Rs. 64.30, down by 0.35 points or 0.54% from its previous closing of Rs. 64.65 on the BSE.

The scrip opened at Rs. 64.95 and has touched a high and low of Rs. 64.95 and Rs. 64.05 respectively. So far 243236 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. 67.10 and Rs. 63.25 respectively. The current market cap of the company is Rs. 22441.90 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 received a notice of termination from NMDC for a contract for construction of Raw Material Handling System at it’s under construction Integrated Steel Plant, Nagarnar, Bastar district in the state of Chhattisgarh.

The company has various such commercial contracts under execution at any given point of time. Invocation of contractual clauses such as termination and provision for its redressal are part of contract management. The company proposes to take up matter through the redressal mechanism available for disputes resolution between CPSEs.

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

325.60 8.90 (2.81%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BHEL 325.60
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