Rs 1.50 lakh crore order book: This multibagger heavy electrical equipment company signs an MoU with GREENSTAT Hydrogen India Pvt Ltd!
The stock is up by 90 per cent in just 1 year and over 170 per cent in 3 years.
Bharat Heavy Electricals Ltd (BHEL) and GREENSTAT Hydrogen India Pvt Ltd have signed an MoU for “Potential Collaboration Opportunities in Green Hydrogen and Derivatives in the Hydrogen Value Chain”. This MoU will pave the way for collaboration in Hydrogen Value Chain, contributing towards 'National Hydrogen Mission' of the Government of India, making India 'Atmanirbhar’.
Sh. S Prabhakar, GM & Head (Coal to Chemicals) and Mr Sturle Harald Pedersen, Chairman, GREENSTAT Hydrogen India Pvt Ltd, signed the MoU in the presence of Sh. Upinder Singh Matharu, Director (Power) – BHEL, Sh. Jai Prakash Srivastava, Director (ER&D) & Director (Finance) – Additional Charge – BHEL, Sh. Jeewan Prakash Gupta, MD, GREENSTAT Hydrogen India Pvt Ltd. and other senior officials of BHEL.
Earlier, BHEL achieved a major milestone in the Maitree Super Thermal Power Project in Bangladesh by successfully synchronizing Unit-2 ahead of schedule. The project is a symbol of cooperation between the two countries and will help to meet Bangladesh's growing energy needs.
Order book Update: Significantly, this outstanding order book currently stands over Rs 1.50 lakh crore (excluding taxes) with the finalisation of the prestigious Vande Bharat trainset order in April 2023.
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On Monday, shares of BHEL plunged 2.43 per cent to Rs 96.55 per share from its previous closing of Rs 98.95. The stock traded at an intraday high of Rs 99.45 and intraday low of Rs 94.80 with a spurt in volume by more than 1.17 times on BSE.
Talking about the financials, BHEL has a market cap of over Rs 33,000 crore. The company reported excellent numbers in its Quarterly Results and annual results. The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs, and the general public.
The stock is up by 90 per cent in just 1 year and over 170 per cent in 3 years. Investors should keep an eye on this PSU stock.
Disclaimer: The article is for informational purposes only and not investment advice.