Bhel gains after winning order

Bharat Heavy Electricals rose 0.81% to Rs 92.80 at 14:45 IST on BSE after the company said it bagged Rs 64 crore order for setting up decentralised sewage treatment plants.

The announcement was made during trading hours today, 28 November 2017.

Meanwhile, the S&P BSE Sensex was down 129.86 points, or 0.39% to 33,594.58.

On the BSE, 5.89 lakh shares were traded in the counter so far, compared with average daily volumes of 9.12 lakh shares in the past one quarter. The stock had hit a high of Rs 93.70 and a low of Rs 92.10 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 77.47 on 27 December 2016.

Bharat Heavy Electricals (Bhel) has won an order for setting up six decentralised sewage treatment plants (STPs) in Raipur, Chhattisgarh. Valued at over Rs 64 crore, the order for the STPs with a cumulative capacity of 25.40 MLD (million liters per day), has been placed on Bhel by Raipur Development Authority (an Urban Development Authority under the Government of Chhattisgarh). The project for construction of the decentralized STPs shall be based on Sequential Batch Reactor (SBR) technology.

Bhel's scope of work in the contract broadly includes construction, testing and commissioning of six numbers STPs with raw sewage pumping station, treated sewage effluent pumping system, bio filter, HT substations, transformers and control room building for PLC/SCADA based automation system along with operation & maintenance (O&M) for ten years.

Bharat Heavy Electricals' (Bhel) net profit rose 5.9% to Rs 115.42 crore on 3.6% decline in net sales to Rs 6256.22 crore in Q2 September 2017 over Q2 September 2016.

Bhel is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing companies of its kind in India engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for core sectors of the economy. The Government of India holds 63.06% stake in Bhel (as per the shareholding pattern as on 30 September 2017).

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