BHEL zooms 14% on reports CLSA upgrades to 'Buy' from 'Sell'
Posted on 30th October 2019 |
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State-owned Bharat Heavy Electricals Ltd (BHEL) zoomed 14 per cent to Rs 61.30 apiece on the BSE on Wednesday after global brokerage firm CLSA upgraded the stock to 'Buy' from 'Sell' owing to the benefits that the company could reap due to government's stake sale. According to reports, the brokerage sees "limited risk" in the stock and believes the "company has a lot to gain from a strategic partner". If the divestiture fails, there could be risks to market price, it said. |
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Strategic sale buzz: BHEL gains 27.5% in intra-day trade
Posted on 19th October 2019 |
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Strategic sale buzz fuelled a sharp 27.5% rise on Friday in the share price of Bharat Heavy Electricals (BHEL) during the intra-day trade on BSE. The stock rose to Rs 56.80 on Friday, before closing at Rs 54.45, 22.2% higher than the previous day’s close. It had hit a 52-week low of Rs 41.35 on Wednesday, as the company battled through tough times stemming from execution delays and low order inflows. |
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BHEL bags Rs 2,500 crore order from NTPC
Posted on 26th August 2019 |
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State-run Bharat Heavy Electricals Limited (BHEL) on Monday said it has secured two orders worth Rs 2,500 crore from NTPC for setting up of emission control equipment at two of its thermal power plants. “Valued at around Rs 2,500 crore, the orders have been placed on BHEL by NTPC. The orders involve supply and installation of Flue Gas Desulphurisation (FGD) systems for 13 coal based units at 2,600 mega watt (MW) Korba STPS stage I, II and III in Chhattisgarh and 2,100 MW Ramagundam STPS stage I and II in Telangana,” BHEL said in a BSE filing. |
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As BHEL’s Q1 performance trips, power outage may be prolonged
Posted on 13th August 2019 |
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As markets opened on Tuesday after a long weekend, Bharat Heavy Electricals Ltd (BHEL) shares tumbled 10%, hitting a new 52-week low of ₹51. Investor dismay is not surprising given the company’s deplorable performance in the June quarter. The power equipment manufacturer reported an operating loss of ₹266 crore in April-June, a sharp contrast to ₹361 crore profit estimated by 14 brokerages polled by Bloomberg. |
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NMDC to terminate BHEL contract for Nagarnar steel plant
Posted on 28th June 2019 |
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Given the inordinate delay in executing a Rs 1,400-crore project crucial for its Nagarnar steel plant in Chhattisgarh, state-run miner NMDC has decided to terminate the contract awarded to another state-owned firm BHEL way back in 2011. The termination of the contract would further delay the commissioning of the plant, being built at a cost of Rs 15,525 crore. |
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BHEL recruitment 2019: Apply online for 24 engineering posts, check details
Posted on 12th June 2019 |
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BHEL recruitment 2019: The Bharat Heavy Electricals Ltd (BHEL) has invited online applications from experienced engineer professionals for the recruitment of managerial posts. BHEL has released a recruitment notification for numerous positions like Manager, Deputy Manager, Senior Manager, Senior Deputy General Manager and Senior Engineers. |
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BHEL bags order worth Rs 440 cr from NPCIL for nuclear power project in TN
Posted on 11th June 2019 |
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State-owned BHEL on Tuesday said it has bagged an order worth over Rs 440 crore from Nuclear Power Corporation of India Ltd (NPCIL). "BHEL has secured an...order for the erection work of the upcoming 2x1000 MWe turbine generator (TG) island units 3 and 4 at Kudankulam Nuclear Power Project in Tamil Nadu being set up with foreign cooperation (Russia)," it said in a statement. |
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BHEL bags three orders worth Rs 520 cr to set up solar plants in Maha, Guj
Posted on 10th June 2019 |
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State-run Bharat Heavy Electricals Ltd (BHEL) Monday said it has won three orders worth Rs 520 crore for setting up solar photovoltaic (SPV) power plants with a combined capacity of 135 mega watt (MW) in Maharashtra and Gujarat. "Cumulatively valued at Rs 520 crore, the orders have been secured from Maharashtra State Power Generation Company, (MAHAGENCO), Gujarat State Electricity Corporation (GSECL) and Gujarat Narmada Valley Fertilizers and Chemicals, (GNFC)," BHEL said in a statement. |
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BHEL bags DSIJ Award 2018 for fastest growing Maharatna
Posted on 4th June 2019 |
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For its superlative performance, Bharat Heavy Electricals Limited (BHEL) has been awarded the Dalal Street Investment Journal (DSIJ) Award 2018 for the ‘Fastest Growing Maharatna of the year — Manufacturing’, in the country. An independent jury unanimously selected BHEL for the recognition in the manufacturing category based on outstanding profit and Earnings Per Share (EPS) growth. |
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BHEL’s Q4 Net Profit up by 50.7%
Posted on 28th May 2019 |
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As a result of strategic initiatives taken, Bharat Heavy Electricals Limited (BHEL) has registered quantum growth in its profitability and entered several new business areas in fiscal 2018-19, ending the year with significant traction in growth drivers. The continued commitment and efforts to deliver on its purpose — to help in building a New BHEL, and a New India, have resulted in the company continuing on the path of improved performance. |
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