Rs 1,50,000 crore order book: Board of this multibagger heavy electrical equipment company approved capital investment for establishment of new Plant at Karkhiyaon, Varanasi!
The stock gave multibagger returns of 165 per cent in just 1 year and a whopping 450 per cent in 3 years.
Bharat Heavy Electricals Ltd.’s Board of Directors has approved a significant capital investment for the establishment of a new manufacturing plant in Karkhiyaon, Varanasi. This move marks a key step in BHEL's strategic expansion plans and is expected to boost the company's presence in the northern Indian market.
While details of the investment amount and projected timeline have not been publicly disclosed, the new plant is anticipated to manufacture a range of BHEL's core products, including power generation equipment, industrial turbines, and transmission transformers. This will not only cater to the growing demand for these products in the region but also create new employment opportunities in Varanasi and surrounding areas.
The decision to establish a plant in Varanasi is strategically sound for several reasons. The city's central location provides easy access to markets across North India, while its robust infrastructure and skilled workforce create a favourable environment for manufacturing operations. Additionally, the Varanasi region houses several major power plants and industrial units, presenting ready customers for BHEL's products.
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.
The establishment of the new plant in Varanasi is a testament to BHEL's commitment to remain a significant player in the evolving Indian power sector. This expansion, alongside ongoing advancements in renewable energy technologies, is expected to further strengthen BHEL's position as a leading provider of energy solutions in the country.
Earlier, BHEL received an order worth Rs 15,000 crore excluding taxes from NLC India Limited, Neyveli and will be completed within 64 months. The order has been awarded the EPC contract for the 2.4 GW (3x800 MW) NLC Talabira Thermal Power Project in Jharsuguda, Odisha. The contract encompasses (I) Supply of key equipment (boilers, turbines, generators, auxiliaries, electrical/C&I systems) manufactured at BHEL's plants across India, (II) Erection and commissioning of the entire plant, and (III) undertaking all civil works. This ambitious project will significantly boost power generation in India.
Today, shares of BHARAT HEAVY ELECTRICALS LTD (BHEL) gained 2.12 per cent to Rs 207.40 per share to an intraday high of Rs 211.40 and an intraday low of Rs 200.7 per share. The stock’s 52-week high is Rs 225.55 per share and its 52-week low is Rs 66.30 per share.
Bharat Heavy Electricals Limited manufactures various power plant equipment. The company has a market cap of over Rs 72,000 and its order book stands at over Rs 1,50,000 crore as of September 30, 2023, after the prestigious Vande Bharat trainset order in April 2023. The company has reported a mixed set of numbers in its Quarterly Results and half-yearly results. The company has been maintaining a healthy dividend payout of 20.1 per cent. The stock gave multibagger returns of 165 per cent in just 1 year and a whopping 450 per cent in 3 years.
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