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17-Aug2016

BHEL rises on bagging order worth Rs 169 crore from WBSEDCL

Bharat Heavy Electricals is currently trading at Rs. 137.95, up by 0.60 points or 0.44% from its previous closing of Rs. 137.35 on the BSE.

The scrip opened at Rs. 137.05 and has touched a high and low of Rs. 138.20 and Rs. 136.95 respectively. So far 183757 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 264.15 on 18-Aug-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. 141.05 and Rs. 134.40 respectively. The current market cap of the company is Rs. 33630.02 crore.

The promoters holding in the company stood at 63.06%, while institutions and non-institutions held 32.12% and 4.82% respectively.

Bharat Heavy Electricals (BHEL) has received the Letter of Intent (LoI) for setting up 30 MW (3x10 MW) of Solar Photovoltaic (SPV) Power Plants on Engineering, Procurement and Construction (EPC) basis from West Bengal State Electricity Distribution Corporation (WBSEDCL) and the order value is Rs 169 Crore. The SPV plants of 10 MW each are to be set up at Mejia (Bankura), Santaldih (Purulia) and Chharrah (Purulia) in West Bengal.

Earlier this year, BHEL bagged EPC orders from Neyveli Lignite Corporation and Bharat Electronics for setting up of a 65 MW SPV Power plant at Neyveli (Tamil Nadu) and a 15 MW SPV Power plant at Ordinance Factory premises, Medak (Telengana) which are currently under execution.

BHEL is India's largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.


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