Bharat Heavy Electricals rose 0.95% to Rs 254 at 14:55 IST on BSE, after the company bagged an order for supply and installation of a power cycle piping package for Barh project of NTPC.
The announcement was made during trading hours today, 1 June 2015.
Meanwhile, the S&P BSE Sensex was up 31.92 points or 0.11% at 27,860.36
On BSE, so far 2.11 lakh shares were traded in the counter as against average daily volume of 3.83 lakh shares in the past one quarter.
The stock hit a high of Rs 256.45 and a low of Rs 250 so far during the day. The stock had hit a 52-week high of Rs 299.50 on 4 February 2015. The stock had hit a 52-week low of Rs 195.10 on 7 October 2014.
The large-cap company has equity capital of Rs 489.52 crore. Face value per share is Rs 2.
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Bharat Heavy Electricals (Bhel) reported 51.8% drop in net profit to Rs 888.35 crore on 17.1% growth in total income to Rs 12702.05 crore in Q4 March 2015 over Q3 December 2014.
Bhel announced during trading hours today, 1 June 2015, that the company has won a contract for the supply and installation of the Power Cycle Piping (PCP) package for Barh Super Thermal Power Project, Stage-I (3x660 MW) of NTPC in Bihar. Valued at Rs 369 crore, Bhel has been awarded this package by NTPC for the revival of the Barh plant and to make it operational, after NTPC terminated the contract of the foreign contractor, who was awarded the contract for the supercritical boiler including Power Cycle Piping in 2005, but which has not yet been completed.
Bhel's scope in the order includes design, engineering, manufacture, supply, erection and commissioning of the complete Power Cycle Piping Package of the project.
Bhel is the largest engineering and manufacturing enterprise in India in the energy related/infrastructure sector. The company caters to the core sectors including power, transmission, industry, transportation, renewable energy, oil & gas and defence.
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