Wednesday , October 27 2021

BHEL surges on bagging Rs 840 crore Emission Control equipment order

Bharat Heavy Electricals (BHEL) is currently trading at Rs. 72.15, up by 0.85 points or 1.19 % from its previous closing of Rs. 71.30 on the BSE. The scrip opened at Rs. 72.50 and has touched a high and low of Rs. 72.95 and Rs. 72.10 respectively. So far 128417 shares were traded on the counter. 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. 73.05 and Rs. 65.70 respectively. The current market cap of the company is Rs. 24827.11 crore. The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 30.22% and 6.61% respectively.

Bharat Heavy Electricals (BHEL) has won an order for emission control equipment from Nabinagar Power Generating Company (NPGCL) – a subsidiary of NTPC. Valued at about Rs 840 crore, the order involves supply and installation of Flue Gas Desulphurization (FGD) system for control of SOx emissions at the 3×660 MW Nabinagar project of NPGCL in Aurangabad district of Bihar. 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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