BHEL advances on bagging TERI’s battery storage tender worth Rs 2.51 crore

20 Feb 2020 Evaluate

Bharat Heavy Electricals is currently trading at Rs. 35.80, up by 0.40 points or 1.13% from its previous closing of Rs. 35.40 on the BSE.

The scrip opened at Rs. 35.40 and has touched a high and low of Rs. 35.75 and Rs. 34.95 respectively. So far 488902 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 78.75 on 16-Apr-2019 and a 52 week low of Rs. 33.40 on 18-Feb-2020.

Last one week high and low of the scrip stood at Rs. 37.45 and Rs. 33.40 respectively. The current market cap of the company is Rs. 12430.97 crore.

The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 29.20% and 7.63% respectively.

Bharat Heavy Electricals (BHEL) has won a tender floated by The Energy and Resources Institute (TERI) for installation and maintenance of battery energy storage systems (BESS) worth Rs 2.51 crore.

The company has offered 410 kilowatt-hours (kWh) of cumulative battery capacity for a total cost of Rs 2.51 crore, including six years of comprehensive warranty and maintenance. There are very limited tenders of BESS in India so far and the responses to this tender have been received from reputed companies such as Larsen & Toubro, Mahindra Susten, Hero Solar, Honeywell Automation, Amara Raja, Okaya Power etc.

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

247.20 4.30 (1.77%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
BHEL 247.20
Bharat Electronics 201.45
Thermax 4168.00
Kirloskar Oil Eng 859.25
Praj Industries 532.70
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