Bharat Heavy Electricals (BHEL) is currently trading at Rs. 167.10, up by 1.10 points or 0.66% from its previous closing of Rs. 166.00 on the BSE.
The scrip opened at Rs. 166.50 and has touched a high and low of Rs. 167.80 and Rs. 165.00 respectively. So far 2,46,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 172.00 on 21-Mar-2017 and a 52 week low of Rs. 110.50 on 29-Mar-2016.
Last one week high and low of the scrip stood at Rs. 172.00 and Rs. 164.80 respectively. The current market cap of the company is Rs. 40,862.00 crore.
The promoters holding in the company stood at 63.06%, while Institutions and Non-Institutions held 31.89% and 5.05% respectively.
BHEL has achieved one more milestone by successfully commissioning another 250 MW coal-based thermal unit at the upcoming Bongaigaon Thermal Power Station (TPS) in Assam. The company is executing the main plant package contract for setting up three coal-fired units of 250 MW each at Bongaigaon TPS of NTPC. Significantly, this is the highest rating coal based power plant in the North East region. The first unit of the power plant was commissioned earlier by BHEL and is presently operational while the third and final unit is in an advanced stage of commissioning.
Bongaigaon TPS is located at Salakati near Bongaigaon in Kokrajhar district of Assam. Also known as the gateway to Lower Assam, Bongaigoan is one of the industrial towns of the state, which also has a major petrochemical industry. This project has been set up after demolishing an old 4x60 MW power station of Assam State Electricity Board. Presently, in Assam, BHEL is also executing a gas-based combined cycle power project of 98.4 MW at Namrup. The plant is already commissioned in the open cycle mode and the commissioning in combined cycle mode is in the final stages.
BHEL is the market leader in the Indian Power Sector with a formidable installed base of over 1,70,000 MW of power plant equipment globally. BHEL’s customers also enjoy the advantage of assured and prompt After Sales Service.