Rs 91,336 crore order book: the company bagged order worth Rs 4,000 crore; stock priced at Rs 100 each!

The company secured orders worth Rs 23,548 Crore in FY23, excluding taxes, which is the highest in the last five years

Bharat Heavy Electricals Limited has informed, in the latest exchange filing, that the company has received an order from Mahan Energen Limited, previously known as Essar Power MP Limited and now a wholly owned subsidiary of Adani Power Limited.

The contract encompasses the provision of equipment (including Boiler, Turbine, and Generator) as well as the oversight of the Erection & Commissioning for a 2x800 MW power project that employs supercritical technology. This project is situated in Bandhaura, Madhya Pradesh. BHEL's facilities in Trichy and Haridwar will be accountable for the manufacturing of the Boiler and Turbine Generator respectively. The size of the order is approximately worth Rs 4000 crore excluding GST.

The anticipated delivery time for Unit-1 is 31 months, while Unit-2 is expected to be delivered within 35 months.

The company's shares concluded the day at Rs 100.85, representing a 2.9 percent increase or Rs 2.85 from the previous day’s closing price of Rs 98 each on the BSE. The current market capitalization of the company is Rs 35,116 crore. Additionally, it has achieved a multibagger return of 148 percent in the last three years.

Bharat Heavy Electricals Ltd is an integrated manufacturer of power plant equipment, engaged in designing, engineering, manufacturing, erecting, testing, commissioning, and servicing a wide range of products and services for the core sectors of the economy, namely power, transmission, industry, transportation, renewable energy, oil & gas, and defence. It serves as the flagship engineering and manufacturing company of India owned and controlled by the Government of India.