On Monday’s trading session, the shares of India’s flagship engineering and manufacturing company surged 3 percent to Rs. 274.2, after the company secured an order worth more than Rs. 6,100 crores from NTPC Limited (a Govt. of India Enterprise).
At 11:24 a.m., the shares of Bharat Heavy Electricals Limited (BHEL) were trading in the green at Rs. 271.2, up by 1.9 percent, compared to its previous closing price of Rs. 266.15, with a market capitalisation of Rs. 94,433.6 crores.
What’s the news:
As per 20th September regulatory filings with the stock exchanges, BHEL was awarded a Notification of Award (NoA) valued at over Rs. 6,100 crores by NTPC Limited for an EPC package. The project is set for completion within 48 months from the date of the NoA.
The EPC scope includes the supply of equipment, erection and commissioning, as well as civil works for the 800 MW Sipat Supercritical Thermal Power Project Stage-III in Bilaspur, Chhattisgarh.
Previous News:
On 26th September, Bharat Heavy Electricals Limited (BHEL) entered into a contract agreement with Adani Power Ltd. and its subsidiary, Mahan Energen Ltd., for the setting up of Supercritical Thermal Power projects.
The order encompasses the supply of equipment, including Boilers, Turbines, and Generators, along with supervision of the Erection and Commissioning for three power projects, each with a capacity of 2×800 MW.
These projects are located at Kawai (Phase-II) and Kawai (Phase-III) in Rajasthan, as well as Mahan (Phase-III) in Madhya Pradesh.
Financials:
In Q1 FY25, the company generated Rs. 5,485 crores in operating revenue, a 10 percent increase from the Rs. 5,003 crores recorded in Q1 FY24. However, the net loss widened by 3 percent reaching a loss of Rs. 211 crores, from a loss of Rs. 205 crores, over the same period.
As of Q1 FY25, the company’s outstanding order book reached Rs. 1.35 lakh crores.
The Power segment dominated this total, accounting for 75 percent with orders amounting to Rs. 1.01 lakh crores. The industry sector contributed 22 percent, with outstanding orders of Rs. 30,381 crores, while the export
segment made up the remaining 3 percent, totalling Rs. 3,827 crores. Additionally, order receipts for Q1 FY25 stood at Rs. 9,488 crores. Stock Performance:
The stock has delivered multibagger returns of nearly 116.7 percent of returns in one year, while around 13.2 percent of positive returns in the last six months. So far in 2024, the shares of BHEL have given positive returns of about 36.8 percent.
About the company:
Bharat Heavy Electricals Limited (BHEL), an integrated power plant equipment manufacturer, is engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for sectors including power, transmission, industry, transportation, renewable energy, water, oil & gas and defence & aerospace.
Written by Shivani Singh
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