Rs 1,14,425 crore order book: This LIC-backed multibagger stock bags new order worth Rs 9,500 crore from NTPC Limited!

Shares of the company have gained more than 80 per cent in the last six months.

Bharat Heavy Electricals Limited (BHEL) secured an order worth over Rs 9,500 crore from NTPC Limited (a Government of India enterprise) to set up the Singrauli Super Thermal Power Project's Stage-III (2x800 MW) in Sonebhadra District, Uttar Pradesh. BHEL will be responsible for the entire project execution through an Engineering, Procurement, and Construction (EPC) contract.

This includes supplying equipment like boilers, turbines, and generators, along with erection, commissioning, and civil works. The project will be completed in phases, with Unit 1 being operational in 50 months and Unit 2 in 54 months.

Also read, Intraday Trading vs. Long-Term Investing: Exploring the Risks and Rewards

Last month, Bharat Heavy Electricals Limited (BHEL) won a contract from Haryana Power Generation Corp. Limited (HPGCL) to build a new 800 MW Ultra Super Critical Expansion Unit at the Deen Bandhu Chhotu Ram Thermal Power Plant (DCRTPP) in Yamuna Nagar, Haryana. This domestic EPC (Engineering, Procurement, and Construction) contract is valued at over Rs 5,500 crore (excluding GST).

BHEL is India’s one of the largest engineering and manufacturing companies 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 220 per cent in the last one year. The company has an order book worth Rs 1,14,425 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.