BHEL secures Rs. 450 crore order, stock gains

Source: dsij.in

The country’s largest PSU, Bharat Heavy Electricals Limited (BHEL), on Friday, informed in stock exchanges filing that it has secured the order for emission control equipment. Reacting to this news, the stock of BHEL inched higher on BSE.

BHEL has mentioned in the statement that it has secured an order for emission control equipment for 2×250 MW Bhilai Expansion power project in Chhattisgarh. The total order is valued at around Rs. 450 crore. The order has been placed on BHEL by NTPC-SAIL Power company, which is a joint venture of NTPC and Steel Authority of India. The order involves supply and installation of Flue Gas Desulphurization (FGD) system. NTPC and its joint ventures have been one of the key contributors to the FGD segment of BHEL. Currently, BHEL has overall 56 FGD thermal unit contracts, of which, around 42 are from NTPC and its JVs.

With this order, BHEL, which is a market leader in the emission control equipment industry in domestic market, will have scope work in design, engineering, civil works, supply, erection commissioning of wet FGD system along with handling of limestone and gypsum and wet stack on turnkey basis.

BHEL is country’s largest public sector unit which is largely engaged in manufacturing related to heavy electrical requirements which are primarily compatible in power plants.

At 02.25 pm, shares of Bharat Heavy Electricals traded at Rs. 51.35, higher by 0.38 per cent on BSE.  On Friday, the stock had opened at Rs. 51.50 against previous close of Rs. 51.15. It hit an intraday high of Rs. 52.10 and intraday low of Rs. 50.75 on BSE.