BHEL hits a new high

Bharat Heavy Electricals Ltd (BHEL) is in the reckoning today. The stock opened stable at Rs.176 levels, same as yesterday’s close but after the company issued a Press Release about its “largest every order”, the stock price zoomed up to hit  a new high at Rs.182.65 and currently, it remains firmly in the green.

The company’s largest-ever Rs.10,000 crore export order for 1,320 MW Super Thermal Power Project in Bangladesh has finally taken off as the developer has received the Notice to proceed. The company stated in the Press Release -

Less than 10 days ago, the company also successfully commissioned two units of 270 MW at RattanIndia Nasik Power Ltd's 5x270 MW thermal power project, located at SinnarBSE 4.99 % in Nasik District of Maharashtra.

With the commissioning of these units, BHEL has commissioned eight sets for RattanIndia in Maharashtra - 3 sets at Nasik and 5 sets at Amravati. In addition, two more 270 MW units are presently in advanced stages of completion at Nasik.