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BHEL rises on securing major order from Indian Oil Corporation

31 Mar 2021 Evaluate

Bharat Heavy Electricals is currently trading at Rs. 49.35, up by 0.40 points or 0.82% from its previous closing of Rs. 48.95 on the BSE.

The scrip opened at Rs. 48.95 and has touched a high and low of Rs. 49.80 and Rs. 48.35 respectively. So far 847843 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 56.50 on 09-Mar-2021 and a 52 week low of Rs. 20.20 on 31-Mar-2020.

Last one week high and low of the scrip stood at Rs. 50.00 and Rs. 46.90 respectively. The current market cap of the company is Rs. 17201.39 crore.

The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 17.85% and 18.98% respectively.

Bharat Heavy Electricals (BHEL) has bagged a major order for a Sulphur Recovery Unit from Indian Oil Corporation. Significantly, with this order, BHEL has made an entry into the downstream oil & gas process package business. The package, valued at over Rs 400 crore, envisages setting up a 525 TPD Sulphur Recovery Unit at Indian Oil Corporation’s Paradip Refinery in Odisha.

Notably, the company’s diversification strategy into non-coal based business areas has begun paying dividends and this is a milestone order for BHEL as part of its new growth areas initiative. With the execution of this order, BHEL will establish itself as an LSTK player for process packages in the downstream oil & gas sector.

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

316.70 7.65 (2.48%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BHEL 316.70
Thermax 4141.20
Kirloskar Oil Eng 1616.95
Skipper 433.50
GMM Pfaudler 931.05
View more..

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