BHEL trades in green on the bourses

Bharat Heavy Electricals is currently trading at Rs. 69.90, up by 0.20 points or 0.29% from its previous closing of Rs. 69.70 on the BSE.

The scrip opened at Rs. 69.90 and has touched a high and low of Rs. 70.60 and Rs. 69.70 respectively. So far 240810 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. 71.75 and Rs. 67.35 respectively. The current market cap of the company is Rs. 24565.96 crore.

The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 30.22% and 6.61% respectively.

Bharat Heavy Electricals (BHEL) has secured a prestigious order for the erection work of the upcoming 2×1000 MWe Turbine Generator (TG) island Units 3&4 at Kudankulam Nuclear Power Project in Tamil Nadu being set up with foreign cooperation (Russia).

Valued at over Rs 440 crore, the order has been placed on the company by Nuclear Power Corporation of India (NPCIL). Significantly, for the same project, BHEL has also emerged as the lowest bidder for erection of the Reactor side equipment.

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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