Bhel gains after successfully renovating & modernizing unit at Harduaganj thermal power station

Bhel gained 1.64% to Rs 269.65 at 15:25 IST on BSE after its After-Market-Service business renovated, modernized and uprated 110 megawatts Unit-7 at Harduaganj thermal power station plant of Uttar Pradesh Rajya Vidyut Utpadan Nigam.

The company made announcement during market hours today, 3 July 2015.

Meanwhile, the BSE Sensex was up 115.21 points, or 0.41%, to 28,061.01.

On BSE, so far 2.61 lakh shares were traded in the counter, compared with an average volume of 5.6 lakh shares in the past one quarter.

The stock hit a high of Rs 262 and a low of Rs 256.10 so far during the day. The stock hit a 52-week high of Rs 299.50 on 4 February 2015. The stock hit a 52-week low of Rs 195.10 on 7 October 2014.

The stock had underperformed the market over the past one month till 2 July 2015, rising 1.91% compared with 2.79% rise in the Sensex. The scrip had however outperformed the market in past one quarter, gaining 10.25% as against Sensex's 1.11% decline.

The large-cap electric equipment manufacturer has an equity capital of Rs 489.52 crore. Face value per share is Rs 2.

Bharat Heavy Electricals (Bhel) has achieved yet another landmark in its After-Market-Service business by successfully renovating, modernizing and uprating 110 megawatts (MW) Unit-7 at Harduaganj Thermal Power Station (TPS) Plant of Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL). After successfully running for over 30 years, this unit, originally supplied and commissioned by Bhel, was undertaken for renovation & modernization (R&M).

Following the R&M, not only was the working life of the machine extended by another 15-20 years, the capacity was also uprated to 120 MW from its original capacity of I l0 MW.

Significantly, this is the eighth such unit successfully renovated, modernised and uprated by Bhel from its original rating of 110 MW to 120 MW.

Bhel reported 51.8% decline in net profit to Rs 888.35 crore on 17.1% fall in total income to Rs 12702.05 crore in Q4 March 2015 over Q4 March 2014.

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