Rs 23,548 crore order book: Multibagger Heavy Equipment stock bags order worth Rs 6,241.86 crore!

Shares of the company gained more than 50 per cent in the last six months.

On August 25, 2023, Bharat Heavy Electricals Limited informed in the exchange filing that the company had received 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.

Furthermore, the company has successfully manufactured India’s first set of Catalysts for Selective Catalyst Reactors (SCR) for limiting NOx emissions from thermal power plants. Notably, these catalysts were hitherto being imported and this is a significant milestone under the ‘Make in India’ initiative of the Government of India.

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Earlier, the company also secured an order valued at Rs 4,000 crore for the equipment including a boiler, turbine, generator, as well as associated auxiliaries. This order also encompasses control and instrumentation components. The order is from Mahan Energen Limited, previously recognised as Essar Power MP Limited, which stands as a wholly-owned subsidiary of Adani Power Limited.

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 for the core sectors of the economy, such as Power, transmission, Industry, transportation, renewable energy, Oil & Gas and Defence.

In the last three years, the shares of the company have delivered multibagger returns of over 150 per cent and in the last six months, the shares of the company have given about 50% returns.

Investors should keep a close eye on this stock.