BHEL shares up 3.85% after receiving an order worth Rs 2,242 crore from NHPC

28 Aug 2023 , 02:01 PM

Bharat Heavy Electricals Ltd (BHEL), a PSU company received an order from NHPC worth Rs 2241.86 crore. The BHEL stock dropped 2.14% on August 25 to settle at Rs 105.30 on the BSE, down from the previous close of Rs 107.60. 

The share price has increased by 31.46% since the start of this year and by 83.29% over the course of a year. A total of 14.65 lakh shares of the company were traded, resulting in a turnover on the BSE of Rs 15.63 crore. The company’s market value decreased to Rs 36,666 crore.

On August 28, 2023, the stock reached a 52-week high of Rs 113.35 and a 52-week low of Rs 53.40.

The order is for 12×240 MW of electro-mechanical work for the Dibang Multipurpose Project at Roing in Arunachal Pradesh. It includes design, engineering, manufacturing, supply, erection, and commissioning of an electro-mechanical package that includes a turbine, generator, digital governing system, static excitation system, transformers, bus reactors, gas insulated switchgear, outdoor pot yard & switchyard equipment and electrical & mechanical BoPs.

The contract’s primary equipment will be produced in BHEL’s sites in Bhopal, Bangalore, Jhansi, and Rudrapur. The company’s Power Sector – Eastern Region division in Kolkata will handle the on-site execution activities.

75 months are allotted for the contract’s execution.

The state-owned company’s consolidated loss increased in the first quarter of this fiscal year to Rs 343.89 crore from Rs 187.99 crore in the same quarter last year. In the March quarter, it posted a profit of Rs 611 crore. Compared to the same quarter previous year, when revenue was Rs 4,449.49 crore, it increased to Rs 4,818.37 crore.

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