BHEL surges on receiving order worth Rs 6,241.86 crore from NHPC

At 2 pm, the shares of Bharat Heavy Electricals were trading at Rs 109.05, up by 3.85% from its previous closing of Rs 105.30 on the BSE.

Bharat Heavy Electricals (BHEL) has received an order from NHPC for the design, engineering, manufacturing, supply, erection and commissioning of an Electro-Mechanical package involving a Turbine, Generator, Digital Governing System, Static Excitation System, Transformers, Bus Reactors, Gas Insulated Switchgear, Outdoor Pot yard & Switchyard Equipments and Electrical & Mechanical BoPs for 12×240 MW Electro-Mechanical Works of Dibang Multipurpose Project at Roing in Arunachal Pradesh.

Major equipment for the contract will be manufactured by BHEL’s plants at Bhopal, Bangalore, Jhansi and Rudrapur. The on-site execution activities will be carried out by the company’s Power Sector – Eastern Region division, Kolkata. The broad consideration or size of the order(s)/contract(s) is Rs 2241.86 crore excluding taxes. The said order is expected to be completed in 75 months.

BHEL is India’s largest engineering and manufacturing company of its kind. The company is an integrated power plant equipment manufacturer engaged in the design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. power, transmission, Industry, transportation, renewable energy, Oil & Gas and defence.

On Monday, the stock opened at Rs 106.95 and touched a high and low of Rs 110.50 and Rs 106.05 respectively.

The BSE group ‘A’ stock of face value of Rs 2 has touched a 52-week high and low of Rs 113.35 and Rs 54.75, respectively.

Last one week high and low of the scrip stood at Rs 113.35 and Rs 97.40 respectively. The current market cap of the company is Rs 38,024.13 crore. The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 24.11% and 12.71% respectively.

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