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BHEL inches up on entering into agreement with Indian Railways

26 Feb 2013 Evaluate

Bharat Heavy Electricals (BHEL) is currently trading at Rs 207.85, up by 0.30 points or 0.14% from its previous closing of Rs 207.55 on the BSE.

The scrip opened at Rs 207.00 and has touched a high and low of Rs 209.90 and Rs 206.75 respectively. So far 134007 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 323.70 on 29-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 213.45 and Rs 203.85 respectively. The current market cap of the company is Rs 51142.60 crore.

The promoters holding in the company stood at 67.72% while Institutions and Non-Institutions held 27.39% and 4.88% respectively.

Indian Railways has entered into memorandum of understanding (MoU) with BHEL for setting up a modern Mainline Electric Multiple Unit (MEMU) coach factory at Bhilwara in Rajasthan to cater to the growing demand for faster local and suburban trains. The MEMU trains equipped with higher acceleration capacity are expected to move faster on electrified tracks and would benefit daily commuters.

According to the MoU, new MEMU coaches will be designed to have toilets and comfortable seating arrangements. At present, railways have 160 MEMU trains, while the demand for shorter routes have increased manifold. There will be a requirement of about 9000 MEMU coaches in the next 10 years. So there is a need to step up production of more MEMU coaches.

BHEL is already into manufacturing of diesel and electric locomotives at its plant in Jhansi and has an annual capacity to make around 50 engines.

BHEL Share Price

329.70 13.00 (4.10%)
20-Apr-2026 12:46 View Price Chart
Peers
Company Name CMP
BHEL 329.70
Thermax 4242.00
Kirloskar Oil Eng 1649.30
Skipper 448.60
GMM Pfaudler 919.95
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