Rs 23,500 crore order book: Multibagger Heavy Electrical Equipment company bags new orders worth Rs 15,529 crore from NTPC; stock hits 52 week high!
Shares of the company gained more than 60 per cent in the last six months.
Shares of Bharat Heavy Electricals Limited gained over 12 per cent on Friday, hitting a fresh 52-week high of Rs 137.00. The stock has witnessed heavy buying activity from investors in the last few days.
Bharat Heavy Electricals Limited informed in the exchange filing that the company has secured the order for setting up the 2x800 MW Supercritical Thermal Power Project Stage-II at Lara in Chhattisgarh through International Competitive Bidding. The order is valued at around Rs 15,529.99 crore (Source: NTPC Press release).
The scope of work includes design, engineering, manufacture, supply, construction, erection, testing & commissioning with civil & structural works for the EPC Package with a steam generator capable of biomass co-firing, steam turbine, generator & auxiliaries, emission control systems, control and instrumentation, balance of plant packages etc. Owing to the positive news the stock also made a fresh 52-week high.
Earlier, the company also won an order worth Rs 2,241.86 crore. The order involves the Designing, engineering, manufacturing, supply, erection and commissioning of an Electro-Mechanical package involving a Turbine, Generator, Digital Governing System, Static Excitation System, Transformers, Bus Reactors, Gas Insulated Switchgear, Outdoor Pot yard and switchyard equipment and Electrical & Mechanical BoPs for 12x240 MW Electro-Mechanical Works of Dibang Multipurpose Project at Roing in Arunachal Pradesh.
Bharat Heavy Electricals Limited 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.
In the last three years, the shares of the company have delivered multibagger returns of over 150 per cent and the company has an order book of more than Rs 23,500 crore.
Investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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