Bharat Heavy Electricals is currently trading at Rs. 36.35, up by 1.10 points or 3.12% from its previous closing of Rs. 35.25 on the BSE.
The scrip opened at Rs. 36.00 and has touched a high and low of Rs. 37.60 and Rs. 35.85 respectively. So far 5501569 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 61.30 on 30-Oct-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. 37.60 and Rs. 34.90 respectively. The current market cap of the company is Rs. 12674.71 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 23.23% and 13.60% respectively.
Bharat Heavy Electricals (BHEL) has commenced civil works at the 660 MW Sagardighi Supercritical Thermal Power Project in West Bengal, following the issuance of the Notice To Proceed by the developer. Significantly, following the strategic completion of pre-engineering activities for the project beforehand, ground breaking has begun on zero date itself. This is a major achievement as conventionally it takes a few months after the zero date to initiate civil works onsite.
Valued at approximately Rs 3,500 crore, the turnkey order for Sagardighi Thermal Power Project Extension Unit-5 was won by BHEL against stiff international competitive bidding (ICB). The order for the project located at Manigram village in Murshidabad district of West Bengal was placed on BHEL by West Bengal Power Development Corporation (WBPDCL). The Notice to Proceed was issued after obtaining the necessary approvals like environmental clearances.
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.
