NEW DELHI: State-run Bharat Heavy Electricals Ltd (BHEL) has commissioned a 660 MW unit of Prayagraj Super Thermal Power Project at Bara in Uttar Pradesh.

"The unit has been commissioned at the upcoming 3x660 MW Prayagraj Super Thermal Power Project (STPP) at Bara in Allahabad district of Uttar Pradesh", BHEL said in statement today.

Software major Tata Consultancy Services (TCS) emerged as the biggest wealth creator in the past five years, while MMTC and Reliance Industries topped the list of companies where investors lost the most, says a study.

According to wealth creation study conducted by financial services company Motilal Oswal, TCS created wealth worth Rs 3,458 billion for the period 2010-15, followed by ITC (Rs 1,565 billion) and HDFC Bank (Rs 1,540 billion).

Shares of Bharat Heavy Electricals (BHEL) have gained 2.22% to Rs 168 on the BSE after Heavy Industry Minister Anant Geete clarified to the media that there were no plans of divestment of the government's stake in the company.

According to reports, Heavy Industry Minister Anant Geete has categorically denied that a propsoal of further stake sale in Bharat Heavy Electricals (Bhel) is being considered by the government at present.

Tata Consultancy Services (TCS), Bharat Heavy Electricals Limited (BHEL), Adani Ports & Special Economic Zone (SEZ) and Rallis India have touched their respective 52-week lows on the Bombay Stock Exchange (BSE) after the Sensex slipped 243 points in early morning trade.

At 09:54 AM, the TCS was down 1% at Rs 2,328 after hitting a 52-week low of Rs 2,322 on the BSE. Shares of India's largest information technology services company by falling 8% in past one month as compared to 3% decline in the benchmark index.

Shares of Bharat Heavy Electricals Limited (BHEL) has dipped 2% to Rs 169, its lowest level since March 2014 on the BSE.

In past four months, the stock has fallen 40% from Rs 283 on August 8, as compared to 8% decline in the S&P BSE Sensex.

Weak order execution and margin pressures, which have been looming over power and industrial equipment maker BHEL, led to disappointing results in September '15 quarter (Q2) as well, significantly impacting its stock. BHEL's share price has fallen 17% in the last one month and touched a 19-month low on Tuesday.

While the UDAY package for reviving the financial health of state electricity boards (SEBs) as well as price renegotiation with RasGas (that could lead to lower prices of imported gas) are positives for industry, the near-term outlook for BHEL remains muted.

India’s biggest capital goods company, Bharat Heavy Electrical (BHEL), has lost so much value that it now commands a market capitalisation smaller than that of Siemens India, reports fe Bureau in Mumbai. At Rs 42,894 crore, BHEL is now less valuable than Siemens, which commands a market cap of Rs 44,098.4 crore. At the start of 2015, the PSU was valued twice as much as the Indian subsidiary of the German multinational. But an 80% fall in Q1FY16 earnings, followed by a net loss of Rs 204.9 crore in Q2FY16, has prompted the Street to do a rethink.

The odds continue to stack up against Bharat Heavy Electricals Ltd (Bhel), the country’s largest power equipment maker. Weak order inflows, delayed execution, profitability pressure and operating loss haunted the first two quarters of fiscal 2016. But things are unlikely to get better soon. Here’s why:

Order inflows for the first six months at Rs.22,000 crore may have been about 50% higher on the abysmally low base of the year-ago period.

Adani Ports & Special Economic Zone (SEZ), Bharat Heavy Electricals Limited (BHEL), Idea Cellular and Sun Pharmaceutical Industries from the Nifty 50 companies have hit their respective 52-week lows on the National Stock Exchange (NSE).

Adani Ports has dipped 5% to Rs 262, its 52-week low on the NSE. The stock slipped 8% in two trading days from Rs 285 after the company through its subsidiary Adani Kattupalli Port, has entered into an in principle agreement for the strategic acquisition of the Kattupalli Port in Tamil Nadu from L&T Shipbuilding.

Shares of state-run power equipment maker, BHEL are trading lower by nearly 2% at Rs 197.75 on the BSE after the rating agency Crisil downgraded its outlook on BHEL’s long-term bank facilities to 'negative' from 'stable', citing that the company's project execution and profitability will remain vulnerable to structural issues causing distress to the power sector.

The company's working capital cycle will remain stretched, Crisil said in a statement. It, however, its reaffirmed "AAA' rating for the long term facility and "A1+' for short term loans.

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