Shares of Bharat Heavy Electricals Limited (BHEL) surged as much as 4.13 per cent in the afternoon trade on Monday after the company reported a 49 per cent year-on-year (YoY) rise in its net profit at Rs 682.70 crore against Rs 457.17 crore logged in the year-ago period.
At 01:07 pm, the stock was trading at Rs 71.10, up 3.04 per cent on the BSE against 0.77 per cent rise in the S&P BSE Sensex at 39,740 level.
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the first two pumping units (116 MW each) of the 7x116 MW Kaleshwaram Lift Irrigation Scheme (LIS) Package-6 in Telangana. Significantly, the pump for each unit is designed to lift 89.16 cumecs (cubic metres per second) of water by 105.5 metres.
Against stiff competitive bidding, Bharat Heavy Electricals Limited (BHEL) has won two orders for Primary side heat exchangers from Nuclear Power Corporation of India Limited (NPCIL).
Cumulatively valued at around Rs 97 Crore, the orders envisage manufacture and supply of four moderator Heat Exchangers and 18 D2O Heat Exchangers for the 2x700 MWe Pressurised Heavy Water Reactors (PHWRs) to be installed at Gorakhpur Haryana Anu Vidyut Pariyojna (GHAVP) in Fatehabad district of Haryana.
New Delhi: State-owned Bharat Heavy Electricals Ltd (BHEL) on Thursday said it will set up a network of solar-based electric vehicle chargers (SEVC) on the Delhi-Chandigarh highway.
"The establishment of EV chargers at regular intervals over the entire 250 km stretch between Delhi and Chandigarh would allay range-anxiety among the electric vehicle users and bolster their confidence for inter-city travel," the company said in a statement.
State-run BHEL Monday said it has bagged an order worth Rs 3,500 crore for setting up a 660 MW supercritical thermal power plant in West Bengal. The order by West Bengal Power Development Corporation (WBPDCL) entails setting up a 660 MW Sagardighi Thermal Power Project at Manigram village in Murshidabad district of West Bengal, BHEL said in a statement.
Last week, Bharat Heavy Electricals (BHEL) announced a buyback of its 189.3 million equity shares (nearly 5.16 per cent of the paid up equity share capital) at Rs 86 apiece, amounting to Rs 16.28 billion. The buyback price is at around 28 per cent premium to the current market price of Rs 67 on the Bombay Stock Exchange (BSE).
Analysts believe investors should subscribe for the buyback offer, as the long-term outlook of the business remains a concern.
The Bharat Heavy Electrical (BHEL) stock skid 7.4% on Thursday as the company missed street earnings forecasts, even as it reported a 60.5% year-on-year (y-o-y) rise in net profit to Rs 185.2 crore for the three months to September. The company recorded a revenue of Rs 6,779.9 crore, up 6.3%, in Q2FY19. Analysts had estimated that BHEL’s profit in the quarter would be in the range of Rs 220-236 crore.
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.