Thursday , October 28 2021

BHEL gains on bagging order to erect reactor side equipment of Kudankulam Unit 3&4

Bharat Heavy Electricals is currently trading at Rs. 64.20, up by 0.60 points or 0.94% from its previous closing of Rs. 63.60 on the BSE.

The scrip opened at Rs. 64.20 and has touched a high and low of Rs. 64.20 and Rs. 64.25 respectively.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 83.25 on 07-Sep-2018 and a 52 week low of Rs. 56.25 on 05-Feb-2019.

Last one week high and low of the scrip stood at Rs. 65.55 and Rs. 63.25 respectively. The current market cap of the company is Rs. 22145.92 crore.

The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 30.95% and 5.88% respectively.

Bharat Heavy Electricals (BHEL) has secured a prestigious order for erection work of reactor side equipment of 2×1000 MWe (Units 3&4) Kudankulam Nuclear Power Project in Tamil Nadu, being set up under foreign cooperation (Russia). Valued at Rs 486 crore, the order has been placed on BHEL by Nuclear Power Corporation of India (NPCIL).

Significantly, for the same project, the company had earlier secured an order for erection work of Turbine Generator (TG) island. The company has also successfully executed the erection work of TG island for Units 1&2 at Kudankulam.

BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.

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