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.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
Stock below Rs 100: This PSU company receives order worth Rs 3,700 crore!
-
Rs 1,01,461 crore order book: This LIC-backed multibagger stock bags new order worth Rs 15,000 crore!
-
Rs 1.50 lakh crore order book: This heavy electrical equipment company successfully synchronises 660 MW unit of Maitree Super Thermal Power Project!
-
Stock below Rs 100: This PSU company receives order worth Rs 300 crore!
-
After Rs 7,000 crore orders from Adani Group, this heavy electrical equipment company likely to bags another huge order worth Rs 13,300 crore from Damodar Valley Corporation
-
Multibagger iron & steel stock under Rs 50 emerges as the lowest bidder (L1) for an order worth Rs 117 crore from BHEL & NTPC
-
Rs 57,053 crore order book: Heavy buying multibagger civil construction stock; Company bags nuclear power plant order worth Rs 563.23 crore from BHEL
-
Multibagger from its 52-week low: This civil construction company bags new order worth Rs 36 crore from Bharat Heavy Electricals Ltd (BHEL)
-
President of India & LIC-backed multibagger heavy electrical equipment company bags new orders worth Rs 7,000 crore from Adani Group
-
President of India & LIC-backed multibagger heavy electrical equipment company enters into a joint venture agreement with Coal India Ltd; details inside!
-
Rs 57,053 crore order book: This multibagger civil construction company bags nuclear power plant order worth Rs 563.23 crore from BHEL
-
Multibagger maharatna enters into Technology Transfer Agreement (TTA) for 50 kW alkaline electrolyser system: Know more here!
-
Rs 1,25,000 crore order book & FIIs increase stake: LIC-backed multibagger heavy electrical equipment stock signs MoU with HIMA Group
-
FII bought 2,68,31,848 shares: LIC-backed power generation stock forms a joint venture with Assam Power Distribution Company Ltd
-
Rs 5,496 crore order book: This LIC backed multibagger PSU stock bags Rs 67.50 crore contract from the National Small Industries Corporation!
-
Rs 65,000 crore order book and FIIs & DIIs increase stake: This LIC backed multibagger railway stock secures new orders worth Rs 619 crore!
-
Rs 65,000 crore order book and FIIs & DIIs increase stake: This LIC backed multibagger railway stock secures new orders worth Rs 590.37 crore!
-
Rs 50,000 crore order book: LIC-backed multibagger stock bags new orders worth Rs 92 crore; do you hold it?
-
These multibagger psu giants join forces for coal-to-chemicals business; Click to know more!
-
Top 10 Multibagger PSE Stocks from Budget 2023 to 2024: An investment of Rs 50,000 would be worth Rs 2.63 lakh in top performing stock!