BHEL surges on commissioning 1.7 MW Solar PV Plant at Madhya Pradesh

Bharat Heavy Electricals Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 500103 | NSE: BHEL

09 Jul 2020 Evaluate

Bharat Heavy Electricals is currently trading at Rs. 42.40, up by 1.20 points or 2.91% from its previous closing of Rs. 41.20 on the BSE.

The scrip opened at Rs. 42.40 and has touched a high and low of Rs. 43.05 and Rs. 41.30 respectively. So far 1868927 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 68.45 on 10-Jul-2019 and a 52 week low of Rs. 19.20 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 44.35 and Rs. 36.65 respectively. The current market cap of the company is Rs. 14415.74 crore.

The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 27.17% and 9.66% respectively.

Bharat Heavy Electricals (BHEL) has successfully commissioned a 1.7 MW Solar PV Plant at Bina in Madhya Pradesh for the Indian Railways. The plant will directly feed power to traction systems of Indian Railways. The project is a landmark achievement in the history of solar power, as this is the first time that solar power is being directly used for traction applications. Notably, with this, the company has achieved direct injection of single-phase 25 kV power to traction substation of Indian Railways.

The project has been jointly conceptualised and developed by BHEL and Indian Railways. BHEL's scope in the project envisaged design, engineering, manufacture, supply, construction, erection, testing, commissioning and O&M based on the inputs provided by Indian Railways. The project has been installed and commissioned by BHEL in just 4.5 months from the date of joint land survey with Indian Railways for the Bina location (excluding time lost due to Covid disturbances). This is a pilot project by the company developed on turnkey basis on vacant land of Indian Railways. The concept to design and engineering was carried out in less than 1.5 months. The R&D, development and manufacturing was completed entirely in-house at company’s facilities at Bengaluru, Hyderabad, Jhansi and Bhopal.

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.