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BHEL rises on plan to invest Rs 2,000 crore for solar equipment manufacturing facility

10 Dec 2012 Evaluate

BHEL is currently trading at Rs. 244.80, up by 1.90 points or 0.78% from its previous closing of Rs. 242.90 on the BSE.

The scrip opened at Rs. 244.00 and has touched a high and low of Rs. 246.00 and Rs. 244.00 respectively. So far 137943 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 328.35 on 22-Feb-2012 and a 52 week low of Rs. 195.05 on 12-Sep-2012.

Last one week high and low of the scrip stood at Rs. 247.50 and Rs. 232.00 respectively. The current market cap of the company is Rs. 60137.53 crore.

The promoters holding in the company stood at 67.72% while Institutions and Non-Institutions held 27.07% and 5.21% respectively.

In a bid to set-up solar equipment manufacturing facility having a capacity of 600 MW, State-run BHEL is planning to invest about Rs 2,000 crore. Of total, the company will invest around Rs 500-600 crore initially, it will increase the investment according to the expansion of the solar gear making plant.

The company’s move to foray into solar equipment manufacturing comes at a time when the imports of cheap solar gears, especially from China, as well as overcapacity are hurting the Indian players. Further, the state-run power equipment major will also get into manufacturing silicon wafer, solar cell and solar module.

The company registered a fall of 9.74% in its net profit at Rs 1274.45 crore for the quarter ended September 30, 2012 as compared to Rs 1412.03 crore for the same quarter in the previous year. Total income decreased marginally by 0.93% at Rs 10692.22 crore for quarter under review as compared to Rs 10792.75 crore for the quarter ended September 30, 2011.

BHEL Share Price

316.70 7.65 (2.48%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BHEL 316.70
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