BHEL Shares: BHEL Share Price NSE India
The shares of a big engineering and manufacturing company went up by 3% after they got a big order from HPGCL. The order is to build a 1×800 MW Ultra Super Critical Expansion Unit, and it’s worth Rs 5500 Crore.
Highlights
Even though the company’s market value is Rs 76,814.32 crore, its shares were trading at Rs 220.55 each, down by about 4.48% from the previous closing price of Rs 230.90. Bharat Heavy Electricals Ltd got this Rs 5,500 crore order from HPGCL (Haryana Power Generation Corp. Ltd.) to build the 1×800 MW Ultra Super Critical Expansion Unit at DCRTPP Yamuna Nagar site. The whole project will take about 57 months.
BHEL’s Project of Yamunanagar plant to start soon
An official announced that construction will start soon on the third unit of the Deenbandhu Chhotu Ram Thermal Power Plant in Yamunanagar. The Haryana chief minister, Manohar Lal Khattar, approved the allocation of the construction tender for the new 800-megawatt capacity plant to Bharat Heavy Electricals Ltd during a meeting. The project is estimated to cost Rs 6,900 crore.
The Haryana Power Generation Corporation Ltd. (HPGCL) has issued a Letter of Intent (LoI) to state-run Bharat Heavy Electricals Ltd. (BHEL) for an EPC package in the state, the company said in an exchange filing. The order is worth ₹5,500 crore, excluding GST, BHEL said.
BHEL secures a big contract worth ₹5,500 crore from Haryana Power Generation Corporation. This deal is for building a new 800 MW power unit at the Deen Bandhu Chhotu Ram Thermal Power Plant in Yamuna Nagar. BHEL will provide all the necessary equipment like boilers, turbines, generators, and other parts, as well as handle installation and commissioning. The project is expected to be completed in around five years.
This is BHEL’s second major contract win this year. Last month, they bagged a ₹15,000 crore contract for the Talabira Thermal Power Project in Odisha. However, BHEL hasn’t disclosed its earnings for the December quarter yet.
Analysts are divided on BHEL’s prospects, with 12 out of 18 recommending selling the stock and five recommending buying it. BHEL’s stock price closed unchanged on Thursday at ₹231.20. Over the past year, the stock has surged by 202%, tripling its value.
About BHEL (Bharat Heavy Electricals Limited) Ltd
BHEL is India’s biggest company for making things like engines and machinery for energy and building projects. We started in 1964 and are well-known worldwide for making power equipment. We’ve been a major part of India’s efforts to become self-reliant.
We offer a wide range of products and services, including power equipment for various sources like thermal, hydro, gas, nuclear, and solar energy. We also work in transportation, defense, aerospace, and new areas like energy storage systems and electric vehicle chargers.
Our goal is to help India become more self-sufficient by boosting power generation and supporting key industries. We spend a lot on research and development, invest in new technologies, and focus on sustainable business practices. We’re also dedicated to social causes like education, health, and the environment
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