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30-Jun2017

BHEL trades in green on the bourses

Bharat Heavy Electricals (BHEL) is currently trading at Rs. 136.00, up by 0.05 points or 0.04% from its previous closing of Rs. 135.95 on the BSE.

The scrip opened at Rs. 135.00 and has touched a high and low of Rs. 137.25 and Rs. 135.00 respectively. So far 2,86,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 182.65 on 25-Apr-2017 and a 52 week low of Rs. 116.15 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 139.20 and Rs. 131.00 respectively. The current market cap of the company is Rs. 33,299.00 crore.

The promoters holding in the company stood at 63.06%, while Institutions and Non-Institutions held 32.32% and 4.62% respectively.

Aimed at expanding its footprint in the Urban Transportation Sector as part of its diversification initiatives, BHEL has entered into a technology collaboration agreement with Kawasaki Heavy Industries (KHI), Japan for the manufacture of stainless steel coaches and bogies for metros. The agreement covers establishing state-of-the-art design, engineering and manufacturing facilities at BHEL India, using Japanese technology. Significantly, it will also entitle BHEL for all technology advances and upgrades as well. BHEL has been a reliable partner in the growth of Indian Railways for over 50 years by supplying electric as well as diesel locomotives, EMUs, and propulsion system sets and drives for the same. Notably, Kolkata Metro, the first Metro in India, is equipped with BHEL made propulsion system.

KHI is a leading manufacturer of heavy equipment/products and its Rolling Stock Company has supplied EMU (Metro/Commuter) trainsets to various countries like USA, Singapore, Taiwan, Hong Kong etc, besides Japan. KHI is also the manufacturer and supplier of the Shinkansen High Speed Bullet Trains, proposed to be introduced in India on the Mumbai-Ahmedabad High Speed Rail Corridor.


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