Rs 1,01,461 crore order book: This LIC-backed multibagger stock bags new order worth Rs 15,000 crore!
Shares of the company have gained more than 110 per cent in the last six months.
Bharat Heavy Electricals Limited (BHEL) has received a major boost with a Letter of Award (LOA) from NLC India Limited for the Engineering, Procurement, and Construction (EPC) package of the 3x800 MW NLC Talabira Thermal Power Project (NTTPP) in Odisha. This landmark contract, valued at over Rs 15,000 crore, marks a significant win for BHEL and positions it as a key player in India's power sector development.
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The scope of the contract is extensive, encompassing the supply of major equipment like boilers, turbines, and generators, along with related auxiliaries, electrical systems, and control & instrumentation. Additionally, BHEL will be responsible for erection & commissioning, and even civil works.
This ambitious project will be executed in phases, with a targeted commissioning timeline of 64 months. BHEL's diverse manufacturing plants across India will play a crucial role in delivering the required equipment.
This win not only reinforces BHEL's expertise in EPC projects but also showcases its commitment to supporting India's energy infrastructure goals. The NLC Talabira Thermal Power Project promises to provide clean and reliable power, contributing to the growth of the region and solidifying BHEL's position as a leading provider of power solutions in India.
BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company. The stock has delivered multibagger returns of over 140 per cent in the last one year. The company has an order book worth Rs 1,01,461 crore and LIC owns a 9.62 per cent stake in the company.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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