BHEL jumps high on the bourses

Bharat Heavy Electricals is currently trading at Rs. 54.55, up by 4.60 points or 9.21% from its previous closing of Rs. 49.95 on the BSE.

The scrip opened at Rs. 50.65 and has touched a high and low of Rs. 55.00 and Rs. 50.40 respectively. So far 714642 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. 46.65 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 55.00 and Rs. 46.65 respectively. The current market cap of the company is Rs. 18942.42 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 two more orders for emission control equipment for thermal power plants valued at around Rs 2,500 crore from NTPC. The orders involve supply and installation of Flue Gas Desulphurization (FGD) systems for 13 coal-based units at 2,600 MW Korba STPS Stage I, II & III in Chhattisgarh and 2,100 MW Ramagundam STPS Stage I & II in Telangana.

The company’s scope of work includes design, engineering, civil works, supply, erection, and commissioning of wet FGD system along with auxiliaries including limestone and gypsum handling system and wet stack on turnkey basis.

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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