Rs 1,08,618 crore order book: This multibagger heavy electrical equipment company bags new order worth Rs 5,500 crore from HPGCL
From Rs 66.30 to Rs 225.85 per share, the stock gave multibagger returns of 240 per cent to its investors.
In a major domestic deal, Haryana Power Generation Corporation Limited (HPGCL) has awarded Bharat Heavy Electricals Limited (BHEL) an order worth over Rs 5,500 crore (excluding GST) to set up a 1x800 MW ultra-supercritical thermal power plant expansion unit at the Deen Bandhu Chhotu Ram Thermal Power Plant (DCRTPP) in Yamuna Nagar, Haryana. BHEL will handle the entire engineering, procurement and construction (EPC) process, including supplying key equipment like the boiler, turbine, generator, and auxiliaries, erection and commissioning, and even civil works. The project is expected to be completed within 57 months.
BHEL, a leading public sector enterprise under the Ministry of Heavy Industries and Public Enterprises, has been at the forefront of India's power sector for over six decades. With a strong track record in the design, engineering, and manufacturing of a wide range of power generation equipment, BHEL has played a pivotal role in powering the nation's economic growth.
On Friday, shares of BHARAT HEAVY ELECTRICALS LTD (BHEL) plunged 0.75 per cent to Rs 225.85 per share to an intraday high of Rs 230.50 and an intraday low of Rs 224.90 per share. The stock’s 52-week high is Rs 243.30 per share and its 52-week low is Rs 66.30 per share.
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Bharat Heavy Electricals Limited manufactures various power plant equipment. The company has a market cap of over Rs 78,000 and its order book stands at over Rs 1,08,618 crore as of December 31, 2023.
The company has reported a mixed set of numbers in its Quarterly Results (Q3FY24) and nine-month results (9MFY24). The company has been maintaining a healthy dividend payout of 20.1 per cent. From Rs 66.30 to Rs 225.85 per share, the stock gave multibagger returns of 240 per cent to its investors (From its 52-week low to Friday’s closing price).
Disclaimer: The article is for informational purposes only and not investment advice.
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