BHEL rises on new order

BHEL is doing well today, rising over 2.5% to Rs.114.20, which is Rs.10 lower than the 52-week high of Rs.124.20. Its UC is at 10% at Rs.122.45.

The stock price has gone up on news that it has received an order from the Indian Railways for 25 units of Broad Gauge 5000 HP AC Electric Locomotives of type WAG-7 with regenerative feature. No financial details of the order have been given.

Meanwhile the company announced its earnings too. For FY19, it recorded a turnover of Rs.11,789 crore , rising 17%. Net profit was at Rs.1927 crore, up from Rs.1399 crore.

It recorded an Export Turnover of $21.6 million v/s $26 million in FY18.

 The Turnover per Employee was Rs. 123 Lakhs compared to Rs. 104 Lakhs in the previous year. The Value added per Employee was Rs. 60.38 Lakhs in comparison to Rs.45.86 Lakhs the previous year.

The Order Book Value as on April 1, 2019, stood at Rs. 51,798 crores as compared to Rs. 40,115 crores in April 2018. The Expenditure on R&D was Rs. 1,077 crores as against Rs.988 crores in 2017-18.