BHEL strengthens on plan of developing a 20 MW solar power plant at Manamunda

BHEL strengthens on plan of developing a 20 MW solar power plant at Manamunda

Sep 17,2014   01:07 Hrs IST

Bharat Heavy Electricals is currently trading at Rs. 217.30, up by 1.30 points or 0.60% from its previous closing of Rs. 216.00 on the BSE. The scrip opened at Rs. 217.00 and has touched a high and low of Rs. 218.45 and Rs. 215.10 respectively. So far 173146 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 291.50 on 26-May-2014 and a 52 week low of Rs. 126.40 on 18-Sep-2013. Last one week high and low of the scrip stood at Rs. 225.65 and Rs. 215.00 respectively. The current market cap of the company is Rs. 53174.11 crore. The promoters holding in the company stood at 63.06% while Institutions and Non-Institutions held 32.52% and 4.42% respectively. Bharat Heavy Electricals (BHEL) is planning to develop a 20 MW solar power plant at Manamunda industrial estate in Boudh district. The engineering and manufacturing major will also operate and maintain the plant for a period ten years. The solar plant at Manamunda will be set up over 100 acres of land entailing an investment of about Rs 150 crore. BHEL is currently engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products, systems and services for the core sector companies in the field of power, transmission, transportation, renewable energy, oil and natural gas and defence.