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Bhel gallops after winning order

Capital Market 

Bharat Heavy Electricals rose 1.12% to 72.35 at 12:36 IST on the BSE after the company said it received an order from Indian Railways.

The announcement was made during market hours today, 4 June 2019.

Meanwhile, the S&P BSE Sensex was down 183.27 points, or 0.46% to 40,084.35.

On the BSE, 8.62 lakh shares were traded in the counter so far compared with average daily volumes of 17.46 lakh shares in the past two weeks. The stock had hit a high of Rs 73 and a low of Rs 71.20 so far during the day. It hit a 52-week high of Rs 83.25 on 7 September 2018 and a 52-week low of Rs 56.25 on 5 February 2019.

Bhel announced that it had received an order from the Indian Railways for 25 units of Broad Gauge 5000 HP AC Electric Locomotives of type WAG-7 with regenerative feature.

Bhel reported 49.3% rise in the net profit to Rs 682.70 crore in Q4 March 2019 over Q4 March 2018. Net sales were flat at Rs 9836.50 crore during the period under review.

Bhel is an integrated power plant equipment manufacturer engaged in design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. power, transmission, industry, transportation, renewable energy, oil & gas and defence.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 04 2019. 12:39 IST