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BHEL advances on commissioning 660 MW supercritical thermal unit in Maharashtra

Bharat Heavy Electricals (BHEL) is currently trading at Rs. 171.30, up by 0.95 points or 0.56% from its previous closing of Rs. 170.35 on the BSE.

The scrip opened at Rs. 171.40 and has touched a high and low of Rs. 172.00 and Rs. 170.30 respectively. So far 1,29,000 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. 161.45 respectively. The current market cap of the company is Rs. 41,939.00 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 successfully commissioned another 660 MW supercritical thermal unit in Maharashtra. This is the second supercritical unit to be commissioned at Mouda Super Thermal Power Station (STPS), located in Mouda in Nagpur district of Maharashtra.

The order for setting up two coal-based thermal units of 660 MW was placed on BHEL by NTPC. Notably, this is the fourth unit to be commissioned by BHEL at Mouda, where one unit of 660 MW and two units of 500 MW supplied and executed by BHEL, are already in operation. The key equipment for the project has been manufactured by BHEL at its Haridwar, Trichy, Hyderabad, Ranipet and Bengaluru works, while the construction of the plant was undertaken by the company's Power Sector -Western Region.

BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.

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