Bharat Heavy Electricals Ltd
(BHEL) has won an order from Singareni Collieries Company for the setting up of 129 MW solar photovoltaic (SPV) power plants in Telangana. Significantly, valued at Rs565cr, this is the largest SPV power plant order won by BHEL till date.
The plants are to be set up at four locations - Ramagundam (50 MW), Yellandu (39 MW), Manuguru (30 MW), and Pegadapally (10 MW) - in Telangana on an engineering, procurement, and construction (EPC) basis. With this order, BHEL's solar portfolio has risen to more than 710 MW.
BHEL has more than three decades of expertise in solar photovoltaic products and services backed by a dedicated R&D setup. BHEL is one of the very few companies in India with established capability in major segments of the PV value chain viz. solar cells, PV modules, and power conditioning units and systems.
BHEL has significantly contributed to the 'Make in India' initiative of the Government of India (Gol) and various initiatives for developing and promoting renewable energy based products and services on a sustained basis. The company has also enhanced its state-of-the-art manufacturing lines of solar cells and solar modules. In addition to this, BHEL is assembling space-grade solar panels using high efficiency cells at its Electronic Systems Division, Bengaluru.
In addition to solar photovoltaic products, BHEL offers complete EPC solutions from concept to commissioning for both off-grid and grid-interactive SPV power plants in various parts of the country including Lakshadweep and Andaman & Nicobar Islands.
Bharat Heavy Electricals Ltd (BHEL) share price is currently at Rs68.20, down Rs0.4, or 0.58%, from its previous close of Rs68.60 on the BSE.
The scrip opened at Rs69.15 and has touched a high and low of Rs69.40 and Rs67.65, respectively. So far, 32,79,973 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs25,185.80cr.