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BHEL trades higher on the bourses

Bharat Heavy Electricals is currently trading at Rs. 52.50, up by 0.65 points or 1.25% from its previous closing of Rs. 51.85 on the BSE.

The scrip opened at Rs. 52.10 and has touched a high and low of Rs. 52.95 and Rs. 51.25 respectively. So far 345376 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 78.75 on 16-Apr-2019 and a 52 week low of Rs. 46.65 on 20-Sep-2019.

Last one week high and low of the scrip stood at Rs. 52.95 and Rs. 46.65 respectively. The current market cap of the company is Rs. 18054.50 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 commissioned five pumping units of the 7×139 MW Kaleshwaram Lift Irrigation Scheme (LIS) Package 8, in Telangana. Significantly, the pump for each unit is designed to lift 89.14 cumecs(cubic metres per second) of water by 120.98 metres. The company’s scope in the project comprises complete Electrical & Mechanical (E&M) works including design, manufacture, supply and supervision of erection and commissioning of 7 sets of Vertical Pump-Motor sets along with associated auxiliaries.

In addition to Lift Irrigation projects, the company has made significant contribution to the hydro sector of Telangana and has commissioned 1,073 MW of hydro power projects in the state so far.

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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