Bhel gains after winning NTPC order

Bharat Heavy Electricals rose 0.67% to Rs 98.25 at 14:36 IST on BSE after the company said it won a Rs 560 crore order for emission control equipment from NTPC.

The announcement was made during trading hours today, 14 February 2018.

Meanwhile, the S&P BSE Sensex was up 23.57 points, or 0.07% to 34,324.04.

On the BSE, 8.04 lakh shares were traded in the counter so far compared with average daily volumes of 11.97 lakh shares in the past one quarter. The stock had hit a high of Rs 99.15 and a low of Rs 97.45 so far during the day. The stock hit a 52-week high of Rs 121.83 on 25 April 2017. The stock hit a 52-week low of Rs 80.97 on 11 August 2017.

The stock had underperformed the market over the past 30 days till 12 February 2018, falling 4.97% compared with 0.84% fall in the Sensex. The scrip had outperformed the market in past one quarter, rising 7.25% as against Sensex's 4.12% rise. The scrip had also underperformed the market in past one year, falling 5.64% as against Sensex's 20.98% rise.

The large-cap company has equity capital of Rs 734.28 crore. Face value per share is Rs 2.

Bharat Heavy Electricals (Bhel) said it has bagged a major order, valued at Rs 560 crore, for supply and installation of the Flue Gas Desulphurization (FGD) system from NTPC for 2x490 megawatts (MW) National Capital Power Station (NCPS) at Dadri in Uttar Pradesh. The order has been secured by Bhel against stiff competition from Indian and multinational companies.

Bhel's net profit rose 63.8% to Rs 153.19 crore on 5% increase in net sales to Rs 6494.44 crore in Q3 December 2017 over Q3 December 2016.

Bhel is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing companies in India. The Government of India holds 63.06% stake in Bhel (as per the shareholding pattern as on 31 December 2017).

Powered by Capital Market - Live News