BHEL trades higher on the bourses

Bharat Heavy Electricals (BHEL) is currently trading at Rs. 277.95, up by 5.50 points or 2.02% from its previous closing of Rs. 272.45 on the BSE. The scrip opened at Rs. 273.00 and has touched a high and low of Rs. 291.50 and Rs. 273.00 respectively. So far 1771973 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 287.80 on 20-May-2014 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. 287.80 and Rs. 231.00 respectively. The current market cap of the company is Rs. 68789.80 crore. The promoters holding in the company stood at 63.06 % while Institutions and Non-Institutions held 32.61 % and 4.33 % respectively. Bharat Heavy Electricals has commissioned fourth and final 130 MW hydro generating unit at Parbati III Hydro Electric Project (HEP) in Himachal Pradesh. The company has successfully commissioned all the four units of the 520 MW underground hydro power plant of NHPC. The first three units at Parbati III HEP were commissioned by BHEL in February and March 2014. Parbati III HEP powerhouse is located near village Bihali on the left bank of river Sainj, in Kullu district of Himachal Pradesh. BHEL's scope of work in the project included supply and installation of 4 numbers 130 MW Francis turbines, static excitation system, main inlet valves, digital governors, state-of-the-art control & monitoring system (SCADA), associated station auxiliaries, Gas Insulated Switchgear (GIS) and electrical & mechanical Balance of Plant (BoP). BHEL has a long standing association with NHPC beginning with setting up of NHPC's first hydro generating plant at Baira Siul (3x60 MW), by BHEL in 1981. With the addition of another 130 MW, BHEL's contribution to NHPC's total generating capacity now stands at 2,884 MW. BHEL is presently executing three more hydro projects of NHPC viz. 3x110 MW Kishanganga HEP in J&K, 4x40 MW Teesta Low Dam IV HEP in West Bengal and 4x200 MW Parbati II in Himachal Pradesh, which are in different stages of execution.