Bharat Heavy Electricals rose 0.54% to Rs 74.80 at 15:29 IST on BSE after the company announced winning Rs 1000 crore orders for emission control equipment from TSGENCO.
The announcement was made during market hours today, 20 June 2018.On the BSE, 4.04 lakh shares were traded in the counter so far compared with average daily volumes of 5.05 lakh shares in the past two weeks. The stock had hit a high of Rs 75.50 and a low of Rs 74.20 so far during the day. The stock hit a 52-week high of Rs 108 on 23 January 2018. The stock hit a 52-week low of Rs 72.65 on 5 June 2018.
Bharat Heavy Electricals (Bhel) bagged two orders for emission control equipment from Telangana State Power Generation Corporation (TSGENCO). Valued at Rs 1000 crore, the orders involve supply and installation of Flue Gas Desulphurization (FGD) systems for control of SOx emissions at TSGENCO's 1x800 MW Kothagudem Thermal Power Station (TPS) and 4x270 MW Bhadradri TPS in Telangana.
The order for Bhadradri TPS also includes modification in Boiler and ElectroStatic Precipitators (ESPs) to meet the revised emission norms. Bhel is presently executing these projects on Engineering, Procurement, Construction (EPC) basis.
Bhel's net profit surged 112.09% to Rs 457.17 crore on 3.38% rise in total income to Rs 10344.87 crore in Q4 March 2018 over Q4 March 2017.
Bhel is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing companies of its kind in India
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