BHEL surges on bagging Rs 2,569 crore contract

sankrit

Rahul Sankrit
Bharat Heavy Electricals is currently trading at Rs. 144.15, up by 3.20 points or 2.27 % from its previous closing of Rs. 140.95 on the BSE.

The scrip opened at Rs. 141.45 and has touched a high and low of Rs. 144.80 and Rs. 141.10 respectively. So far 611255 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 247.50 on 07-Dec-2012 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. 141.60 and Rs. 131.30 respectively. The current market cap of the company is Rs. 35245.44 crore.

The promoters holding in the company stood at 67.72%, while Institutions and Non-Institutions held 27.21% and 5.07% respectively.

Bharat Heavy Electricals (BHEL) has bagged a prestigious contract for supply of Steam Generator Package for two thermal units of 500 MW each. The contract worth Rs 2,569 crore was bagged in the face of stiff International Competitive Bidding (ICB). The order has been placed on BHEL by Neyveli Lignite Corporation (NLC) for the upcoming 1,000 MW Thermal Power Project (TPP) in Neyveli. Significantly, these Steam Generators will be the highest rating Pulverised Lignite fired Steam-Generators in the country.

BHEL has earlier secured orders from NLC for their 2x500 MW Tuticorin, 2x250 MW Neyveli and 2x125 MW Barsingsar projects, all on ICB basis. With this order, the customer has reposed confidence in the company’s technological excellence as also its capability in executing power projects of this magnitude.

The order reinforces BHEL's leadership status in the execution of thermal power projects involving supply of state-of-art equipment, suited to Indian coal and Indian conditions.

Source:- berkeleygains
 
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