BHEL rises on signing an agreement with CONCOR

Bharat Heavy Electricals is currently trading at Rs. 67.50, up by 0.35 points or 0.52% from its previous closing of Rs. 67.15 on the BSE.

The scrip opened at Rs. 68.40 and has touched a high and low of Rs. 68.45 and Rs. 67.25 respectively. So far 94629 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. 73.65 and Rs. 65.85 respectively. The current market cap of the company is Rs. 23382.06 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 signed an agreement with CONCOR to form Joint Working Group (JWG) on July 8, 2019. The agreement is for establishing Rail Based Logistics Terminal at Haridwar in the state of Uttarakhand.

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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