Bharat Heavy Electricals (BHEL) is currently trading at Rs. 143.80, up by 1.05 points or 0.74% from its previous closing of Rs. 142.75 on the BSE.
The scrip opened at Rs. 143.55 and has touched a high and low of Rs. 145.70 and Rs. 142.50 respectively. So far 665687 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 162.80 on 08-Sep-2016 and a 52 week low of Rs. 90.40 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 145.70 and Rs. 136.00 respectively. The current market cap of the company is Rs. 35196.49 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 secured an EPC (Engineering, Procurement and Construction) order for the installation of Solar PhotoVoltaic (PV) Rooftop systems totaling to 3.6 MW capacity from the Surat Municipal Corporation.
While all the 10 identified areas of installation would be within the municipal limits of Surat, 1 MW of energy will be required for Surat Smart City. This is the single largest order for a Rooftop PV system won by the company and will be an important step in establishing BHEL as one of the leaders in the Rooftop PV system segment also.
The company manufactures solar cells and modules at its Electronics Division in Bengaluru, while space-grade solar panels using high efficiency cells and space-grade Battery panels are manufactured at its Electronic Systems Division, also in Bengaluru.