Tag: bhel

The share price of Bharat Heavy Electricals Limited (BHEL) gained more than 7 percent on Tuesday, September 28, after the state-run enterprise bagged an order from Goa Shipyard for a warship gun mount. Goa Shipyard's order involves envisages supply, installation, and commissioning of the entire system, the supply of an upgraded Super Rapid Gun Mount or SRGM - the Main gun onboard most Warships of the Indian Navy, which will be manufactured at the Haridwar unit of Bharat Heavy Electricals. BHEL has established dedicated, intricate manufacturing and inspection facilities at its manufacturing plants, for production, installation & commissioning, and lifecycle support of various products and components. Read more

Shares of Bharat Heavy Electricals Limited (BHEL) rallied 7 per cent to Rs 53.80 on the BSE in intra-day trade on Thursday after the company said it has emerged as the lowest bidder for supply of equipment for 6x700 MW nuclear power projects of Nuclear Power Corporation of India for Rs 10,800 crore. With this tender, BHEL has retained its market leadership position of being the sole Indian supplier of nuclear steam turbines. "In an open competitive bidding process, Bharat Heavy Electricals has emerged as the lowest bidder (Rs 10,800 crore) for the fleet mode tender floated by Nuclear Power Corporation of India Ltd (NPCIL) for the 6x700 MW Turbine Island Package Projects," the company said in a BSE filing. PHWRs (Pressurised Heavy Water Reactors) are the mainstay of the Indian Nuclear Power Programme and 12 of the 18 operating PHWRs of NPCIL are equipped with BHEL-supplied steam turbine generator sets (10x220 MWe + 2x540 MWe) with the balance from Canada and Ukraine. Read more

Shares of Bharat Heavy Electricals Ltd. traded 9.5 per cent down in Monday's trade to Rs 28.45 apiece after the company during the weekend reported a consolidated net loss of Rs 1,532.18 crore for the March quarter, mainly due to lower revenues and deferred tax. The company posted a consolidated net profit of Rs 680.77 crore in the quarter ended in March 2019. BHEL's total income for the quarter review stood at Rs 5,193.51 crore, down from Rs 10,489.11 crore in the same period last year. For the full fiscal 2019-20, the company suffered a consolidated net loss of Rs 1,468.35 crore. It posted a consolidated net profit of Rs 1,002.42 crore in 2018-19. The stock has jumped 40 per cent in the last month. The total market cap of the Bharat Heavy Electricals Ltd. stood at Rs 10341.73 crore. Total volumes of 4,49,73,335 shares have been traded today.

Global multinational companies are looking to shift value chains out of China following the coronavirus-led disruptions, and India, which has so far lagged behind, wants its share of the pie in this big shift. To give 'Make in India' a lift, a domestic PSU firm has called for expression of interest (EOI) from foreign companies, which wish to use its currently idle factories. At Rs 23, shares of BHEL are trading at the lowest level since 2003. This is when the company’s net cash position accounts for 70 percent of its market-capitalisation (m-cap), and the receivable book stands at nearly five times its m-cap at Rs 38,000 crore. Read more