Rs 1.50 lakh crore order book: This heavy electrical equipment company successfully synchronises 660 MW unit of Maitree Super Thermal Power Project!
The stock gave multibagger returns of 102 per cent in just 1 year and over 180 per cent in 3 years.
Bharat Heavy Electricals Limited (BHEL) has achieved a major milestone with the successful synchronisation of the 660 MW Unit-2 of the 1,320 MW Maitree Super Thermal Power Project (STPP) in Bangladesh. The synchronisation of the unit has been done ahead of the commitment given at a high-level G2G meeting, which was a very tough target even at the time it was given.
The 2x660 Maitree STPP is located at Rampal, Mongla, Bagerhat, Bangladesh, and is being set up by BHEL for the Bangladesh-India Friendship Power Company (BIFPCL), a 50:50 joint venture between the Bangladesh Power Development Board (BPDB) and NTPC Limited.
The project is a symbol of successful cooperation between India and Bangladesh and is a priority infrastructure development project for Bangladesh aimed at establishing reliable, cost-effective, base-load power production in the country.
The project incorporates state-of-the-art ultra-supercritical technology to reduce emissions. This technology allows the plant to operate at higher temperatures and pressures, which results in a more efficient combustion process and lower emissions.
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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.
On Thursday, shares of BHEL zoomed 2.42 per cent to make a new 52-week high of Rs 103.85 per share from its previous closing of Rs 101.14 per share. At the closing bell, shares of the company were trading at Rs 102.87 per share, up 1.71 per share.
Talking about the financials, BHEL has a market cap of over Rs 35,000 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 gave multibagger returns of 102 per cent in just 1 year and over 180 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.