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07-Nov2012

BHEL gains on inking five-year EFA with Shell for supply of GTG packages

BHEL is currently trading at Rs. 234.85, up by 2.10 points or 0.90% from its previous closing of Rs. 232.75 on the NSE.

The scrip opened at Rs. 231.75 and has touched a high and low of Rs. 231.75 and Rs. 231.75 respectively. So far 6, 58,449 shares were traded on the counter.

The NSE stock of face value Rs. 2 has touched a 52 week high of Rs. 338.05 on 09-Nov-2011 and a 52 week low of Rs. 195.10 on 12-Sep-2012.

The promoters holding in the company stood at 67.72% while Institutions and Non-Institutions held 27.07% and 5.21% respectively.

Bharat Heavy Electricals (BHEL) has inked a prestigious five-year Enterprise Framework Agreement (EFA) with Shell for the supply of Gas Turbine Generator (GTG) packages. The company will supply the packages to select Shell locations in Asia-Pacific, Middle-East, Central Asia, Eastern Europe and Africa.

BHEL will supply Frame-5 (26 MW), Frame-6B (42 MW) and Frame-9E (126 MW) GTG packages for power generation application and the agreement also includes installation and commissioning services.

The company's Hyderabad facility will manufacture and supply Gas turbines and associated auxiliaries required under the EFA, while the company's Bangalore facility will manufacture and supply the Control systems


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