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BHEL soars on plan to set up world’s largest 4,000 MW ultra mega solar power project in Rajasthan

30 Jan 2014 Evaluate

Bharat Heavy Electricals is currently trading at Rs. 171.70, up by 1.00 points or 0.59 % from its previous closing of Rs. 170.70 on the BSE.

The scrip opened at Rs. 168.50 and has touched a high and low of Rs. 175.00 and Rs. 164.45 respectively. So far 494331 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 230.00 on 31-Jan-2013 and a 52 week low of Rs. 100.35 on 20-Aug-2013.

Last one week high and low of the scrip stood at Rs. 173.35 and Rs. 160.15 respectively. The current market cap of the company is Rs. 40948.35 crore.

The promoters holding in the company stood at 67.72 % while Institutions and Non-Institutions held 27.59 % and 4.69 % respectively.

As many as six state-owned companies including Bharat Heavy Electricals (BHEL), Power Grid Corporation of India (PGCIL), Solar Energy Corporation of India (SECI), Hindustan Salts, Satluj Jal Vidyut Nigam (SJVNL) and Rajasthan Electronics and Instruments (REIL) have inked an agreement for setting up the world’s largest 4,000 MW ultra mega solar power project in Rajasthan. To this effect, a Memorandum of Understanding (MoU) was signed among the six companies to form a Joint Venture company (JVC) for the same.

The JVC will develop the Solar Power Project on the surplus land available with Sambhar Salts (SSL) in Sambhar, Rajasthan with equity participation from BHEL (26%), SECI (23%), Hindustan Salts (16%), PGCIL (16%), SJVNL (16%) and REIL (3%). The project set up on land provided by SSL will have equipment supplied by BHEL, power evacuation by PGCIL, sale of electricity by SECI, O&M by REIL and project management by SJVNL.

The plant shall be set up in two phases over a period of 7 years with Phase I comprising 1,000 MW and the balance 3,000 MW in subsequent phases. With the commissioning of this plant and commercial utilization of the harvested energy therein, this would become the largest single location solar electricity generation project in the world.

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
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