Page 2 - Bharat Heavy Electricals Limited
BHEL receives order worth Rs 400 crore from Indian Oil Corporation
State-run engineering firm BHEL has bagged an order worth Rs 400 crore for setting up a sulphur recovery unit at Indian Oil's Paradip Refinery in Odisha. "Against stiff international competitive bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has bagged a major order for a sulphur recovery unit from IOCL (Indian Oil Corporation Ltd)", a BHEL statement said. With this order, BHEL has made an entry into the downstream oil & gas process package business. According to statement, the package, valued at over Rs 400 crore, envisages setting up a 525 TPD (tonne per day) sulphur recovery unit at IOCL's Paradip Refinery in Odisha. Notably, the company's diversification strategy into non-coal based business areas has begun paying dividends and this is a milestone order for BHEL as part of its new growth areas initiative. With the execution of this order, BHEL will establish itself as an LSTK (lump sum turn key) player for process packages in the downstream oil & gas sector. BHEL's
 "BHEL receives order worth Rs 400 crore from Indian Oil Corporation")
25% of Nifty50 stocks have changed in 5 years; here are top entries & exits
Bharat Heavy Electricals, Vedanta, and Tata Power are some of the high-profile exits in the past five years
 "25% of Nifty50 stocks have changed in 5 years; here are top entries & exits")
Weekly stock picks by Religare Broking: Buy Balkrishna Industries, HUL
Balkrishna Industries is currently hovering in a range while holding strong above the support zone of 20 EMA on the daily charts
 "Weekly stock picks by Religare Broking: Buy Balkrishna Industries, HUL")
Defence Expo 2020: BHEL, BEL sign MoU to develop, market products
BHEL, BEL to develop products for defence, non-defence applications
Commercial papers worth over Rs 1.1 trn get listed on BSE since November
The exchange enabled the listing of commercial papers (CPs) and announced framework for them in November 2019
 "Commercial papers worth over Rs 1.1 trn get listed on BSE since November")
Voda idea, BHEL, ZEE see sharp wealth erosion as investors lose Rs 5 trn
The companies that have seen sharp erosion of market wealth include YES Bank, Indiabulls Housing Finance, Zee Entertainment, Vodafone Idea, and Bharat Heavy Electricals
 "Voda idea, BHEL, ZEE see sharp wealth erosion as investors lose Rs 5 trn")
Divestment isn't enough to sustain uptrend in BHEL as numbers don't support
Operational performance has been on a weak footing for long, with little hope of turnaround even in the medium-term
 "Divestment isn't enough to sustain uptrend in BHEL as numbers don't support")
BHEL hits over 10-year low
Post Q3 results, the stock has fallen 23% as compared to 1% decline in S&P BSE Sensex.
 "BHEL hits over 10-year low")
