Rs 1,35,000 Crore Order Book: LIC-backed PSU Heavy Electricals Equipment Company Bags Order Worth Rs 6,100 Crore from NTPC!
The company’s shares have delivered over 115 per cent multibagger return in just 1 year.
This Large-Cap heavy electrical company has announced that it has received a work order from NTPC Ltd for the EPC package for the 1x800 MW Sipat Supercritical Thermal Power Project Stage-III, located in District Bilaspur, Chhattisgarh. The completion of facilities (COF) is expected within 48 months from the award's notification date. The value of the project is more than Rs 6,100 crore, excluding GST.
Following this news, today that is on Monday the shares of BHEL have rallied over 3 per cent and are currently trading at around Rs 271.25 per share on the BSE. The company’s current market capitalization stands at Rs 94,450.97 crore. Additionally, the shares have delivered a multibagger return of over 115 per cent in the past 1 year.
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Read Radhakishan Damani Sells 1 Lakh Shares Worth Rs 4.4 Crore, Reducing Stake from 3.47 Per cent to 2.82 Per cent!
Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in the design, engineering, manufacture, erection, testing, commissioning, and servicing of a wide range of products and services for the core sectors of the economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defense. It is India's flagship engineering and manufacturing company, owned and controlled by the Government of India.
As per the Quarterly Results Q1FY25, BHEL recorded a revenue of Rs 5485 crore compared to Rs 5003 crore. The operating loss stood at Rs 169 crore. The net loss stood at Rs 211 crore compared to Rs 205 crore. Looking at the annual performance, the company generated a revenue of Rs 23893 crore in FY24. The operating profit for FY24 was Rs 711 crore with an operating profit margin of 3 per cent with a profit of Rs 282 crore.
According to the shareholding pattern of the company, the promoters hold a 63.17 per cent stake while public investors own 12.71 per cent of the shares. FIIs and DIIs hold a 9.10 per cent stake which was 8.76 per cent in Q4 FY24 and 15.03 per cent respectively. The President of India holds around 63.17 per cent as per the recent update which is the sole promoter of the company.
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Disclaimer: The article is for informational purposes only and not investment advice.