Bharat Heavy Electrical Limited, a prominent integrated power plant equipment manufacturer owned and controlled by the Government of India, has made a significant announcement regarding a new order acquisition.
As detailed in the official report, BHEL has secured the order for setting up the 2x800 MW Supercritical Thermal Power Project Stage-II at Lara in Chhattisgarh through International Competitive Bidding.
The scope of work includes Design, Engineering, Manufacture, Supply, Construction, Erection, Testing, and commissioning with Civil and structural works for the EPC Package. This package encompasses a Steam Generator capable of Biomass co-firing, a Steam Turbine, a Generator, and auxiliaries, emission control systems, control and instrumentation, balance of plant packages, etc.
The estimated contract value of the mentioned project is Rs 15,529.99 crore. Unit-1 is scheduled for completion 48 months from the Zero date, while Unit-2 is expected to be completed 52 months from the Zero date.
Undoubtedly, the company has great potential, and according to the annual report for FY23, BHEL has booked orders worth Rs 23,548 crores, excluding taxes. This is the highest value in the last five years.
Today, the company’s shares began trading at Rs 115.60, reaching intraday highs and lows of Rs 119.45 and Rs 113.95, respectively. The trading day concluded with the shares settling at Rs 118.65 each on the BSE. This signifies a 3.49% increase, amounting to Rs 4 higher than the previous day’s closing price of Rs 114.65 per share.
The market capitalisation of the company is just Rs 41,314.64 crore. Additionally, the stock has delivered an impressive return of 44% in the last three months and 102% in the past year.
Investors must keep an eye on this stock.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.