BHEL commission 270 MW thermal unit in Maharashtra

Bharat Heavy Electricals Limited (BHEL) on Thursday announced that it has successfully commissioned another 270 MW thermal unit at RattanIndia Nasik Power Limited’s 5x270 MW thermal power project, located at Sinnar in Nashik District of Maharashtra.

May 25, 2017 07:05 IST India Infoline News Service

Bharat Heavy Electricals Limited (BHEL) on Thursday announced that it has successfully commissioned another 270 MW thermal unit at RattanIndia Nasik Power Limited’s 5x270 MW thermal power project, located at Sinnar in Nashik District of Maharashtra.
 
This is the fourth unit to be commissioned at this project. Significantly the milestone has been achieved within 35 days of commissioning of the third unit.
 
So far, BHEL has successfully commissioned 14 sets of 270 MW rating in the country, including 9 sets for the RattanIndia group.
 
In addition to four units at Nashik, the company had earlier commissioned 5 sets of 270 MW each at Amravati, for RattanIndia. The fifth unit at the Nashik projects is also in advanced stages of completion.
 
BHEL’s scope of work in the project envisaged design, engineering, manufacture, supply, erection, and commissioning of Steam Turbines, Generators, Boiler, associated Auxiliaries and Electricals, besides state-of-the-art Control and Instrumentation (C&I) and Electrostatic Precipitators (ESPs).

Stock view:
 
Bharat Heavy Electricals Ltd is currently trading at Rs 151.25, up by Rs 1.2 or 0.8% from its previous closing of Rs 150.05 on the BSE.
 
The scrip opened at Rs 151.05 and has touched a high and low of Rs 153.7 and Rs 149.75 respectively. So far 2994662(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 36726.24 crore.
 
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 113.9 on 24-Jun-2016. Last one week high and low of the scrip stood at Rs 170 and Rs 148.9 respectively.
 
The promoters holding in the company stood at 63.06 % while Institutions and Non-Institutions held 32.32 % and 4.62 % respectively.
 
The stock is currently trading below its 50 DMA.

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