The company is an integrated power plant equipment manufacturer engaged in the design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defence.
Bharat Heavy Electricals Ltd (BHEL) has received orders totaling around Rs. 34,000 crore since January 2024. Here are all the details regarding the orders received by the company including the dates, amounts, clients and other relevant information, as per the filings on the stock exchanges.
12th January – Work order of more than Rs. 15,000 crore
NLC India Limited awarded Bharat Heavy Electricals Limited (BHEL) an engineering, procurement and construction (EPC) contract for the 2,400 MW NLC Talabira Thermal Power Project (NTTPP) in Jharsuguda District, Odisha.
The order was for the supply of equipment namely boiler, turbine, generator and related auxiliaries, as well as electrical and C&I, balance of plant packages.
8th February – Work order of over Rs. 5,500 crore
BHEL received an order from Haryana Power Generation Corp. Ltd. (HPGCL) for setting up the 1×800 MW Ultra Super Critical Expansion Unit at Deen Bandhu Chhotu Ram Thermal Power Plant (DCRTPP), Yamuna Nagar, Haryana.
The order was for the supply of namely boiler, turbine, generator and associated auxiliaries along with electrical and C&I, balance of plant packages.
5th March – Work order of over Rs. 9,500 crore
The company secured an order from NTPC Limited for setting up the Singrauli Super Thermal Power Project, Stage-III (2×800 MW) in Sonebhadra District, Uttar Pradesh.
27th March – Work order of ~Rs. 4,000 crore
BHEL has received an order from Adani Power Limited for setting up the 2×800 MW based on supercritical technology at the Raigarh Phase-II Thermal Power Plant located at Raigarh, Chhattisgarh.
The order received by the company was for the supply of equipment (Boiler, Turbine, Generator) as well as management of the Erection & Commissioning of the project.
With a market cap of Rs. 86,128.8 crore, share prices of BHEL moved up by 4.3 percent on BSE to Rs. 253.35 in the trading session of Thursday, compared to its previous close of Rs. 242.9.
The company has delivered about 252.06 percent of multibagger returns in the last one year and nearly 88.9 percent in the last six months. So far in 2024, it has given positive returns of around 24.9 percent.
In terms of financials, the company’s revenue from operations increased by 7.4 percent from Rs. 5,125 crores in Q2 FY23-24 to Rs. 5,504 crore in Q3 FY23-24.
The net profit of the company is Rs. -149 crore in Q3 FY23-24, a growth of 37.4 percent on a quarter-on-quarter basis from a loss of Rs. 238 crore in Q2 FY23-24.
As of December 2023, FIIs hold 7.04 percent of the shares, whereas DIIs hold 17.58 percent of the shares in the company, aggregating to 24.62 percent of the institutional holdings.
Written by Shivani Singh
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