Shares of Bharat Heavy Electrical Ltd (BHEL), a state-run firm, rose 2% on Tuesday, 30 September, after receiving a big order for 2 initiatives from the Madhya Pradesh Energy Producing Firm Restricted (MPPGCL).
The order, price between Rs 13,000 crore and Rs 15,000 crore, pertains to EPC packages for 1×660 megawatt (MW) Amarkantak Unit No. 6 and 1×660 MW Satpura Unit No. 12 Supercritical Thermal Energy Crops in Madhya Pradesh. The order worth excludes taxes and customs.
The order, which BHEL secured by an open tender enquiry, contains the provision of kit, erection and commissioning, and different civil works, in line with an trade submitting.
BHEL is anticipated to finish each initiatives inside 57 months after the notification of award.
BHEL’s order e-book reached Rs 2 lakh crore within the June quarter, up 51% over the earlier yr. Order inflows grew by 42% throughout the quarter to Rs 13,445 crore.
Within the June quarter, the corporate’s web loss elevated to Rs 455 crore, whereas its EBITDA loss elevated to Rs 537 crore in comparison with the identical interval final yr.
At 2:45 pm, the shares of BHEL have been buying and selling 1.88% increased at Rs 238.86 on NSE.
Prepared to take a position like a professional? Unicorn Alerts app equips you with 100+ Free instruments and information it’s essential succeed. Obtain the Unicorn Alerts app and achieve entry to day by day inventory lists and insightful market evaluation and way more!
