The company made the announcement during trading hours today, 26 June 2012.

Meanwhile, the BSE Sensex was up 35.43 points or 0.21% to 16,917.59.

On BSE, 2.57 lakh shares were traded in the counter as against average daily volume of 7.98 lakh shares in the past one quarter.

The stock hit a high of Rs 220.10 and a low of Rs 217.45 so far during the day. The stock had hit a 52-week high of Rs 414.88 on 4 July 2011. The stock had hit a 52-week low of Rs 197.80 on 18 May 2012.

The stock had outperformed the market over the past one month till 25 June 2012, rising 4.37% compared with the Sensex's 4.1% rise. The scrip had, however, underperformed the market in past one quarter, falling 18.26% as against Sensex's 2.76% decline.

India's largest power equipment maker by capacity has an equity capital of Rs 489.52 crore. Face value per share is Rs 2.

Bharat Heavy Electricals (Bhel) has secured a contract from Punatsangchhu Hydroelectric Project Authority (PHPA), Bhutan for the electro-mechanical equipment package for a 1,020 megawatts (MW) (6x170 MW) hydroelectric project in Bhutan. The order envisages manufacture, supply, erection and commissioning of the electro-mechanical equipment for the 1,020 MW Punatsangchhu-II Hydroelectric project. Bhel is also currently executing the 1,200 MW Punatsangchhu-I project in Bhutan.

The project is being set-up under a bilateral agreement between the Government of India (GoI), and the Royal Government of Bhutan.

The latest order in Bhutan will further strengthen Bhel's presence in the overseas hydro business segment, Bhel said in a statement. Bhel's globalisation strategy is already yielding rich dividends and the company has established its footprints in six continents of the world spanning over 75 countries, Bhel said.

Bhel's net profit rose 20.8% to Rs 3379.81 crore on 7.5% growth in net sales to Rs 19259.54 crore in Q4 March 2012 over Q4 March 2011.

Bhel is the largest engineering and manufacturing enterprise in India in the energy-related/infrastructure sector. The company caters to the core sectors including power, transmission, industry, transportation, renewable energy, oil & gas and defence.