The Bharat Heavy Electricals (BHEL) stock touched a 52-week high of Rs 205.60 in early trade on January 15 after the company received a contract from NLC India.
At 09:19 am, Bharat Heavy Electricals was quoting at Rs 201.70, up Rs 5.30, or 2.70 percent, on the BSE.
The order is an EPC package for a 3x800 MW NLC Talabira Thermal Power Project (NTTPP) in Odisha's Jharsuguda district.
The major equipment will be manufactured at BHEL’s Trichy, Haridwar, Hyderabad, Jhansi, Bengaluru, Ranipet, Bhopal, Rudrapur, and Varanasi plants.
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The contract included erection & commissioning, civil works, and supply of Boiler, Turbine, Generator, and associated auxiliaries along with electrical and C&I, Balance of Plant Packages.
The said contract, valued at Rs 15,000 crore, is to be executed in 64 months.
In Q2FY24, BHEL reported a consolidated net loss of Rs 238.12 crore as against a profit of Rs 12.10 crore in the previous fiscal. Total income for the reporting period fell to Rs 5,305.38 crore from Rs 5,418.74 crore in the same period a year ago.
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