Bhel Reaches All-Time High With Large Order On Its Back
On securing a Rs 1,829-crore order today, Bharat Heavy Electricals galloped about 8.61% to Rs 1,790.
Nearly 3.06 lakh shares had traded on the BSE counter.
In intra-day trade today, the Bharat Heavy Electricals (Bhel) stock also struck an record high of Rs 1,798 after it secured a Rs 1,829-crore order for fabricating and establishing three 500-MW thermal power units in Haryana.
BHEL would design, create, deliver, erect and commission three steam generators together with associated auxiliaries at Jhajjar in Haryana for the Aravali Super Thermal Power Project (STPP).
The project is a coalition between National Thermal Power Corporation, Harayana State Electricity Board and Indraprastha Power Generation Company.
Bharat Heavy Electricals Limited (BHEL) was established in 1953. It is one of leading power generation equipment makers all-through the world. BHEL has 14 constructing plants, 13 regional operation sections and over hundred "service-at-sites" facilities spread all over India.
Bhel provides wide-ranging service to its clients in Conventional and Non-Conventional Energy, Industry, Transportation, Telecommunication and Oil sectors.