BHEL share gains 3% on bagging Rs 6,100-crore thermal power order from NTPC
.webp)
BHEL shares rise:Shares of nuclear power company Bharat Heavy Electricals Limited (BHEL) surged as much as 3.02 per cent to hit an intraday high of Rs 274.20 per share on Monday, September 23, 2024.
The uptick in BHEL share price came after the company announced that it has secured an order worth Rs 6,100 crore from NTPC.
In an exchange filing, the company said, “Bharat Heavy Electricals Limited (BHEL) has received a Notification of Award (NOA) from NTPC Limited for 1x800 MW Sipat Supercritical Thermal Power Project Stage-III.”
According to the order details, BHEL will be responsible for engineering, procurement, construction (EPC) works, including supply of equipment, erection & commissioning and civil works for 1x800 MW Sipat Supercritical Thermal Power Project Stage-III.
The order is expected to be completed by 48 months from the date of notification of award.
Last month, Bharat Heavy Electricals Limited (BHEL) announced that it has secured multiple orders worth over Rs 11,000 crore from Adani Power and its subsidiary Mahan Energen Limited.
The contract agreement was signed on August 25, 2024 for supply of equipment (boiler, turbine, generator) and supervision of erection and commissioning for three power projects each of 2x800 MW based on Supercritical Technology at Kawai (Phase-II) Rajasthan & Kawai (Phase-III) Rajasthan of (APL) and at Mahan (Phase-III), Madhya Pradesh of MEL.
Bharat Heavy Electricals Ltd (BHEL) is among the leading power plant equipment manufacturers in the country. The company specialises in the design, engineering, manufacturing, installation, testing, commissioning, and servicing of a diverse array of products and services.
BHEL caters to key sectors such as power, transmission, industry, transportation, renewable energy, oil & gas, and defence. As the premier engineering and manufacturing enterprise in the country, BHEL is owned and operated by the Government of India.
The market capitalisation of the company is Rs 94,276.87 crore, according to Bombay Stock Exchange (BSE). The company falls under BSE 200 category.
Th 52-week high of BHEL stock is Rs 335.40 per share while its 52-week low is Rs 113.50 per share
At 9:48 AM, shares of BHEL were trading 1.86 per cent higher at Rs 271.10 per share. By comparison, BSE Sensex was trading 0.30 per cent higher at 84,800.43 levels.
Other Latest News
.webp)
Prime Minister Narendra Modi on Monday (local time) held a bilateral meeting with his Italian counterpart, Giorgia Meloni, on the sidelines of the G20 Summit in Brazil. PM Modi stated that their discussions focused on strengthening ties in defence, security, trade, and technology. He remarked, "India-Italy friendship can greatly contribute to a better planet."
.webp)
The Andhra Pradesh government has repealed the two-child norm for candidates contesting local body elections. The state assembly on Monday passed the AP Panchayat Raj (Amendment) Bill, 2024, and the AP Municipal Laws (Amendment) Bill, 2024, effectively removing the decades-old restriction, reported NDTV.
The two-child policy was introduced in May 1994, mandating that candidates seeking election to Gram Panchayats, Mandal Praja Parishads, and Zilla Parishads should not have more than two children.
.webp)
Police have registered a case against four unidentified persons on charges of attempt to murder after NCP (SP) leader and former Maharashtra home minister Anil Deshmukh was seriously injured in stone pelting at his car in Nagpur, officials said on Tuesday.
The incident took place at around 8 pm on Monday and Deshmukh was later admitted to a private hospital in Nagpur.
.webp)
Amid alarmingly high pollution levels in Delhi, Environment Minister Gopal Rai on Tuesday urged the Centre to convene an emergency meeting to tackle the issue and said it is the moral responsibility of Prime Minister Narendra Modi to intervene in the matter.
Addressing a press conference, Rai said the Centre has not acted on the Delhi government's repeated requests to allow artificial rain in the national capital and he will again write to Union Environment Minister Bhupender Yadav.
.webp)
The Enforcement Directorate (ED) has uncovered "direct links" between e-commerce giants Amazon and Flipkart and their preferred sellers, The Economic Times reported on Tuesday. The central probe agency is investigating alleged violations of foreign investment laws by the companies.
According to the report, the ED quizzed the “top” five sellers of both firms and found that many of these sellers are either former employees or relatives of former associates of Amazon and Flipkart.
.webp)
.webp)
.webp)
.webp)
.webp)
