On Monday, the share of this integrated power plant equipment manufacturer gained up to 5 percent after the company received a letter of acceptance from NLC India Limited worth Rs 15,000 crore.
With a market capitalization of Rs 69,989.47 crore, the shares of Bharat Heavy Electricals Ltd were trading at Rs 201.00 per share, increasing around 2.34 percent as compared to the previous closing price of Rs 196.40 apiece.
According to the company filing, Bharat Heavy Electricals Ltd received a letter of acceptance of the EPC package for 3×800 MW NLC Talabira Thermal Power Project (NTTPP), Jharsuguda District, Odisha, India from NLC India Limited worth Rs 15,000 crore. The contract should be executed within 64 months.
Looking into the company’s financials, Bharat Heavy Electricals Ltd’s revenue decreased by 1.4 percent from Rs 5,203 crore in Q3FY23 to Rs 5,125 crore in Q3FY24, during the same period net profit decreased from a profit of Rs 12 crore to a loss of Rs 238 crore.
At the moment, the company’s domestic steel installed capacity is around 154 MT, and as part of the plan to have an installed capacity of 300 MT by 2030, secondary steel industries and integrated steel plants are likely to announce expansion plans, which will translate into demand for captive power.
In FY 2022-23, the company’s order booking reached Rs 23,548 crore, the highest in the past 5 years. Additionally, the company’s efforts in the Industry Sector resulted in the largest order booking in 13 years, accounting for 40 percent of the annual order book.
In FY 2022-23, BHEL obtained contracts for 2,400 MW in the power industry, totaling Rs 13,353 crore (excl. taxes), despite severe competition and limited possibilities. This includes the highest-ever order booking of Rs 3,800 crore (excl. taxes) in the Spares and Services Business.
Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in the design, engineering, production, installation, testing, commissioning, and maintenance of a wide variety of goods and services for the core sectors of the economy.
Written by:- Abhishek Singh
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