Tuesday, 7 January 2014

BHEL gains on commissioning 765/400kv Substation at Raichur in Karnataka

BHEL is currently trading at Rs. 169.20, up by 4.80 points or 2.92% from its previous closing of Rs. 164.40 on the BSE.

The scrip opened at Rs. 164.55 and has touched a high and low of Rs. 170.00 and Rs. 163.50 respectively. So far 3,96,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 245.40 on 08-Jan-2013 and a 52 week low of Rs. 100.35 on 20-Aug-2013.

Last one week high and low of the scrip stood at Rs. 177.90 and Rs. 163.50 respectively. The current market cap of the company is Rs. 41,413.00 crore.

The promoters holding in the company stood at 67.72% while Institutions and Non-Institutions held 27.59% and 4.69% respectively.

Bharat Heavy Electricals (BHEL) has successfully commissioned 765/400kv Substation at Raichur in Karnataka, the Southern end of the 765 kv Raichur-Sholapur transmision link of POWERGRID.

With the commissioning of the 765kv Raichur-Sholapur transmission link, the Southern Grid has been synchronized with the N-E-W Grid thus forming the synchronously operated National Grid, thereby fulfilling the ambition of One Nation- One Grid-One Frequency.

The company’s scope of work in the project included design, engineering, manufacturing, supply, erection, testing and commissioning of the 765/400 kv Substation package at Raichur. The project demanded the highest degree of competence in manufacturing and execution from the company’s own manufacturing units and numerous sub-vendors.

This project will allow import of electricity from other regions to the Southern region during peak demand as well as export of surplus power from the Southern region during off-peak demand.

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