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BHEL gains on plan to expand footprint in the renewable energy sector

18 Mar 2014 Evaluate

Bharat Heavy Electricals (BHEL) is currently trading at Rs. 190.15, up by 2.60 points or 1.39 % from its previous closing of Rs. 187.55 on the BSE.

The scrip opened at Rs. 186.35 and has touched a high and low of Rs. 193.40 and Rs. 186.35 respectively. So far 452262 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 207.90 on 22-May-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. 192.90 and Rs. 178.65 respectively. The current market cap of the company is Rs. 46577.83 crore.

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

BHEL is planning to expand its limited footprint in the renewable energy sector by getting into the manufacture of solar wafers. The public sector power equipment major’s initiative marks a welcome start to the country as a whole, since there is no domestic production yet of this key component of solar photovoltaic cells.

In this regard, the company has received its board approval to manufacture solar wafers and is looking at viability gap funding support from the clean energy fund. Moreover, a plant in Maharashtra’s Sakoli will start manufacturing the solar wafers, apart from photovoltaic cells, modules and solar panels. The company is investing Rs 3,000 crore in the venture.

Further, the company is looking at developing a hybrid system that integrates wind, solar and biomass-based power generation. It is also producing wind power generators and mini- and micro-hydro-power sets.

BHEL Share Price

325.60 8.90 (2.81%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BHEL 325.60
Thermax 4182.30
Kirloskar Oil Eng 1641.75
Skipper 436.85
GMM Pfaudler 911.35
View more..

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