Bharat Heavy Electricals (BHEL) share price extended gains on third consecutive day, rising 2 percent on April 11 following the company entered into long term (10 years) Memorandum of understanding (MOU) with Nuovo Pignone International s.r.l. for addressing compressor revamp opportunities in fertilizer sectors in India.
At 09:24am, Bharat Heavy Electricals was quoting at Rs 215.75, up Rs 3.95, or 1.86 percent, on the BSE.
BHEL shall be the main (lead) bidder to the identified customers for addressing the compressors train revamp business opportunities in fertiliser sector in India and Nuovo Pignone International will be nominated vendor to BHEL through the subject MoU with definite scope of work.
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On April 3, the company in consortium partnership with Hitachi Energy India, has signed a contract with Rajasthan Part I Power Transmission, a 100% subsidiary of Adani Energy Solutions (AESL) to design and execute 6,000 MW, ±800 kV, bi-pole and bi-directional high-voltage direct current (HVDC) terminals to transmit renewable energy from Bhadla in Rajasthan to the industrial and transport hub in Fatehpur, Uttar Pradesh.
On March 28 the company received a Letter of Intent (LoI) from the Chhattisgarh State Power Generation Company Limited (CSPGCL) for a project worth Rs 11,800 crore.
The share touched a 52-week high of Rs 335.40 and a 52-week low of Rs 176.00 on 09 July, 2024 and 03 March, 2025, respectively.
Currently, the stock is trading 35.67 percent below its 52-week high and 22.59 percent above its 52-week low.
Market capitalisation stands at Rs 75,125.52 crore.
The share price declined nearly 35 percent in last 9 months.
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