Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the first 800 MW Supercritical thermal unit in Karnataka, which is also the highest rating unit in the state. The unit has been commissioned at the 2x800 MW Yeramarus Thermal Power Station (TPS) located in Raichur district of Karnataka.
Yeramarus is being developed by Raichur Power Corporation Limited (RPCL) - a Joint Venture of Karnataka Power Corporation Limited (KPCL) and BHEL. The second unit of this project is also in an advanced stage of construction and is expected to be commissioned shortly. BHEL’s scope of work for the project envisaged design, engineering, manufacture, supply, erection and commissioning of state-of-the-art supercritical Boiler and Turbine Generators along with associated civil works and agreed Balance of Plant (BoP) packages.
The key equipment for the project has been manufactured by BHEL at its Haridwar, Bhopal, Ranipet, Hyderabad, Jhansi, Thirumayam and Bengaluru plants, while the construction of the plant has been undertaken by the company's Power Sector- Southern Region.
BHEL has been a major partner of KPCL in the development of Karnataka's power sector. BHEL has supplied and executed 4,010 MW of coal-based sets for KPCL & its JV, accounting for 95% of their installed coal-based capacity. BHEL had earlier commissioned the 700 MW Bellary Stage-3 supercritical project in Karnataka.
The company is also presently executing KPCL's first gas-based combined cycle power project of 370 MW capacity involving a fuel-efficient advanced-class gas turbine at Yelahanka. BHEL is the market leader in both the subcritical as well as the supercritical segments in the country. BHEL has contracted 48 supercritical Steam Generators (Boilers) and 41 supercritical Steam Turbine Generators - the highest in the country by any power equipment manufacturer.
Notably, in the fiscal 2015-16 itself, BHEL has been entrusted with orders for 12 supercritical Steam Generators and 10 supercritical Steam Turbine Generators by various utilities. Of the contracted sets, BHEL has already commissioned 11 supercritical Steam Generators and 9 supercritical Steam Turbine Generators in the country. BHEL has once again proved its prowess as a leading supercritical power equipment manufacturer having assimilated state-of-the-art supercritical technology, suited to Indian conditions.
Bharat Heavy Electricals Ltd is currently trading at Rs. 121.5, up by Rs. 3.95 or 3.36% from its previous closing of Rs. 117.55 on the BSE.
The scrip opened at Rs. 119 and has touched a high and low of Rs. 122.5 and Rs. 118.75 respectively. So far 5461134(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 28771.54 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 289.85 on 21-Jul-2015 and a 52 week low of Rs. 90.4 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 121.95 and Rs. 115.75 respectively.
The promoters holding in the company stood at 63.06 % while Institutions and Non-Institutions held 32.34 % and 4.6 % respectively.
The stock is currently trading above its 200 DMA.