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BHEL inches up on bagging Rs 7,900 crore worth order in Jharkhand

03 Mar 2014 Evaluate

Bharat Heavy Electricals (BHEL) is currently trading at Rs. 167.25, up by 0.05 points or 0.03% from its previous closing of Rs. 167.20 on the BSE.

The scrip opened at Rs. 168.00 and has touched a high and low of Rs. 169.50 and Rs. 165.55 respectively. So far 114396753 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 208.70 on 11-Mar-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. 168.30 and Rs. 150.20 respectively. The current market cap of the company is Rs. 40874.92 crore.

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

BHEL has bagged EPC (Engineering Procurement and Construction) order worth Rs 7,900 crore for 1,980 MW thermal power project in Jharkhand. The work comprises design, engineering, manufacture, supply, construction, erection, testing and commissioning for the EPC package.

The contract, won through international competitive bidding, is for NTPC’s 1,980 MW North Karanpura super thermal power project. The plant will have three units, each having a generation capacity of 660 MW.

Following this contract, BHEL has now won orders for supply and installation of 32 supercritical boilers and 27 turbines of 660 MW, 700 MW and 800 MW ratings.

Peers
Company Name CMP
Bharat Heavy Elect. 428.00
Thermax 3568.35
Kirloskar Industries 3788.30
Skipper 532.65
INDO-MIM 993.65
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