BHEL advances on bagging order worth Rs 1,600 crore

BHEL is currently trading at Rs. 123.00, up by 1.45 points or 1.19% from its previous closing of Rs. 121.55 on the BSE.

The scrip opened at Rs. 122.30 and has touched a high and low of Rs. 123.10 and Rs. 121.15 respectively. So far 3,61,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 289.85 on 21-Jul-2015 and a 52 week low of Rs. 90.40 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 128.20 and Rs. 120.00 respectively. The current market cap of the company is Rs. 30,105.00 crore.

The promoters holding in the company stood at 63.06%, while Institutions and Non-Institutions held 32.34% and 4.60% respectively.

Bharat Heavy Electricals (BHEL) has bagged an order worth Rs 1600 crore for setting up a coal-based thermal power project in Odisha. The 1x250 MW coal-based thermal unit will be set up at Rourkela Power Project on Engineering, Procurement & Construction (EPC) basis. The order for the Stage-III of the brownfield power project, located in Rourkela district of Odisha, has been placed on BHEL by NTPC-SAIL Power Company (NSPCL), a Joint Venture of NTPC & SAIL.

The scope of work in the project includes design, engineering, manufacture, supply, construction, erection, testing & commissioning of the 1x250 thermal power plant on EPC basis. The key equipment for the contract will be manufactured at the company’s Trichy, Haridwar, Bhopal, Ranipet, Hyderabad, Jhansi, Thirumayam and Bengaluru plants while the company's Power Sector division shall be responsible for civil works and erection/ commissioning of the equipment.

BHEL’s contribution of nearly two-thirds of the total power generated in the country is testimony to the superlative performance of BHEL's equipment. BHEL has been committed to the nation’s power development programme and has established the capability to deliver power plant equipment of 20,000 MW per annum to fully meet India's demand for power generating equipment.