BHEL gains on winning Rs 5,500-crore order

The company’s board of directors will meet on February 13 to approve unaudited financial results for & up to the quarter ended December 31, 2023

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Bharat Heavy Electricals (BHEL) share price rose in the early trade on February 9 after the company received Rs 5,500-crore order from Haryana Power Generation Corp Ltd.

At 9.24 am, BHEL was quoting at Rs 234.10, up Rs 3.20, or 1.39 percent, on the BSE.

The company will set up 1×800 MW Ultra Supercritical Expansion Unit at Deen Bandhu Chhotu Ram Thermal Power Plant (DCRTPP) in Yamuna Nagar.

It will supply equipment, boiler, turbine, generator, and associated auxiliaries along with electrical and civil works. It will also be responsible for the building and commissioning of the unit. The contract is to be executed in 57 months.

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A meeting of the board of directors will be held on February 13 to approve the unaudited financial results for and  up to the quarter ended December 31, 2023.

In January, the company received an order of EPC package for a 3×800 MW NLC Talabira Thermal Power Project (NTTPP) in Odisha’s Jharsuguda district.

The share touched a 52-week high of Rs 243.30 on February 5, 2024 and a 52-week low of Rs 66.30 on February 27, 2023. The stock is trading 3.78 percent below its 52-week high and 253.09 percent above its 52-week low.