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BHEL surges on bagging order worth Rs 560 crore from NTPC

  • Feb-14-2018
  • 14 Hrs IST

Bharat Heavy Electricals is currently trading at Rs. 98.30, up by 0.70 points or 0.72% from its previous closing of Rs. 97.60 on the BSE.

The scrip opened at Rs. 98.80 and has touched a high and low of Rs. 99.15 and Rs. 97.45 respectively. So far 731408 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 121.83 on 25-Apr-2017 and a 52 week low of Rs. 80.97 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 99.15 and Rs. 92.00 respectively. The current market cap of the company is Rs. 36144.93 crore.

The promoters holding in the company stood at 63.06%, while Institutions and Non-Institutions held 31.23% and 5.71% respectively.

Bharat Heavy Electricals (BHEL) has bagged a major order valued at Rs 560 crore for supply and installation of the Flue Gas Desulphurization (FGD) system from NTPC for 2x490 MW National Capital Power Station (NCPS) at Dadri in Uttar Pradesh. The order has been secured by BHEL against stiff competition from Indian and multinational companies.

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.