BHEL surges on securing order from NTPC to set up thermal power project

On Thursday, the shares of Bharat Heavy Electricals closed at Rs 121.30, up by 2.23% from its previous closing of Rs 118.65 on the BSE. 

Bharat Heavy Electricals Ltd (BHEL) has secured the order from NTPC Ltd for setting up the 2×800 MW Supercritical Thermal Power Project Stage-II at Lara in Chhattisgarh through International Competitive Bidding. Scope of work includes Design, Engineering, Manufacture, Supply, Construction, Erection, Testing & Commissioning with Civil & Structural works for the EPC Package with Steam Generator capable of Biomass co-firing, Steam Turbine, Generator & Auxiliaries, emission control systems, control and instrumentation, balance of plant packages etc. 

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. 

Recently, the company has also 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.   

Today, the stock opened at Rs 121.15 and has touched a high and low of Rs 122.00 and Rs 118.70 respectively.  

The BSE group ‘A’ stock of face value Rs 2 has touched a 52 week high and low of Rs 122.00 and Rs 54.75, respectively. 

Last one week high and low of the scrip stood at Rs 122.00 and Rs 105.05 respectively. The current market cap of the company is Rs 42,237.43 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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