Shares of Bharat Heavy Electricals slumped nearly 11% to Rs 107 after the state-owned company reported a huge loss of Rs 1,102 crore compared to a net profit of Rs 212.60 crore in the quarter ended December 31, 2014.

Total income for the quarter under review also declined to Rs 5,496 crore compared with Rs 6,472 crore in the same quarter ended December 2014.

State-run power equipment maker BHEL has won a major order for the supply of two 800 MW steam generators with supercritical parameters from NTPC after outbidding competitors in an open global tender.

"Valued at nearly Rs 3,500 crore, the contract has been placed on BHEL by NTPC Ltd, for setting up the 2x800 MW Steam Generator (SG) island package at Telangana Super Thermal Power Project (TnSTPP)," BHEL said in a press release.

State-run BHEL today said that it has bagged an order of Rs 2,759 crore for setting up a unit of supercritical thermal power project in Tamil Nadu.

"Significantly, this will be the first ever 800 Mw supercritical set based power plant in the state," BHEL said.

The government is planning to opt for the buyback route, instead of an offer for sale (OFS), for divesting its stake in Bharat Heavy Electricals (BHEL) and National Aluminium Company (Nalco) so that it can get higher prices from the stake sale.

The government expects to garner around R9,000 crore from these buybacks whereas OFS is likely to fetch R5,600 crore at the current market valuations.

Bharat Heavy Electricals Limited (BHEL) added record capacity of 5,010 Mw of utility power projects in the first three quarters of the current financial year (2015-16). The company in a statement said that this is the highest ever capacity addition achieved by BHEL for the corresponding period in any financial year.

"In addition, projects aggregating to 2,270 Mw have also been synchronised by BHEL during this period and are available for capacity addition," said the company.

Union Heavy Industries Minister Anant Geete today said that out of 32 public sector undertakings (PSUs) under his ministry, 12 including Bharat Heavy Electricals Limited are running in losses.

“Out of 32 PSUs under my (heavy industries) ministry, 12 including BHEL were running in losses,” he told reporters here.

NEW DELHI: State-run Bharat Heavy Electricals Ltd (BHEL) on Monday said it has commissioned a 520-mw coal-based thermal power unit in Andhra Pradesh.

"The unit has been commissioned at the 2x520 mw Vizag Thermal Power Project of Hinduja National Power Company Limited (HNPCL), Visakhapatnam," the company said in a statement.

Shares of seven companies in the Nifty 50 index have touched their respective 52-week lows after the benchmark index fell more than 1% on the National Stock Exchange (NSE) in early morning trade as concerns about China and global economic slowdown persisted.Adani Ports & Special Economic Zone (SEZ), Bharat Heavy Electricals Limited (BHEL), Bank of Baroda (BOB), ICICI Bank, Larsen & Toubro (L&T), Punjab National Bank (PNB) and State Bank of India (SBI) from the Nifty 50 index hit 52-week lows on the NSE in intra-day trade. Most of these stocks were trading down in the range of 2%-3% at 09:23 a.m.

State-run power equipment maker BHEL has commissioned a 600 megawatt (MW) unit at Kakatiya Thermal Power Project, Telangana.

"The unit, commissioned at Kakatiya Thermal Power Project (KTPP) at Chelpur in Warangal District of Telangana, is the highest rating unit in the state," Bharat Heavy Electricals Ltd (BHEL) said in a statement.

State Bank of India (SBI), Larsen & Toubro (L&T) and Bharat Heavy Electricals Limited (BHEL) were three companies from the 30 share S&P BSE Sensex which touched their respective 52-week lows as the market recorded biggest single day fall in four months.

The S&P BSE Sensex tumbled 2.05% or 534 points to close at 25,627, its sharpest single day fall since September 22, 2015, due to the weak Chinese manufacturing data. The Nifty50 plunged 171 points to end at 7,793.

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