Bharat Heavy Electricals Limited's (BHEL) Solar Photovoltaic (SPV) portfolio has surpassed 1 GW with the company winning two EPC orders for setting up SPV plants with a cumulative capacity of 200 MW.
Valued at over Rs800cr, the orders have been secured from NTPC Ltd. and Gujarat State Electricity Corporation Ltd (GSECL), reinforcing the company's position as a leading EPC player in the solar industry.
Significantly, the NTPC order envisages setting up India's largest floating SPV plant of 100 MW capacity at NTPC Ramagundam in Telangana, while the GSECL order involves setting up a 100 MW ground-mounted SPV plant at Raghanesda Ultra Mega Solar Park, Dist. Banaskantha in Gujarat.
BHEL is offering EPC solutions for both off-grid and grid-interactive SPV plants at various locations in India including the Lakshadeep islands and has now established its prowess in contributing significantly towards green energy for the country. This is evident from its current portfolio of more than 1 GW of SPV plants, of which nearly 500 MW have already been commissioned.
BHEL has been contributing significantly to the nation's green initiatives for developing and promoting renewable energy over the past three decades. The enhancement of its state-of-the-art manufacturing lines of solar cells and solar modules has further strengthened its presence in the SPV segment. In addition, space-grade solar panels using high efficiency cells and space-grade battery are being manufactured at its Electronics Systems Division, Bengaluru.
BHEL's sustained success and dominant presence in the segment is backed up by a dedicated R&D team, product development groups and a spectrum of high quality in house developed PV products ranging from Solar Inverters and Solar Passive Trackers in addition to Solar PV cells and modules.
Bharat Heavy Electricals Ltd is currently trading at Rs69.75 up by Rs1.15 or 1.68% from its previous closing of Rs68.60 on the BSE.
The scrip opened at Rs69.80 and has touched a high and low of Rs69.90 and Rs69.50 respectively. So far 15,55,904 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs23,886.95cr.