BHEL rallied 13% in Last 2 days on this Dubai Tieup

 

BHEL Latest News:-

BHEL share soared as much as 9% in Intraday on 03.05.2024 and past 2 days stocks has bene rallied to as much 13%. Company stock is  in bull run after it has announced that company has entered into strategic partnership agreement with Dubai based company naming as HIMA Middle East FZE on Tuesday for railway signalling business.

The stock record highs since March 2012 and it has all time high of Rs. 390 per share on dated 7^th November 2007.

After this run up in Stock the Market capitalization has become to Rs.1.01 lakh crores.

BHEL is PSU (Public Sector Undertaking) having operation sin power and industry segments. This power company supplies power plant equipment such as:-

1.     Boilers

2.     Turbo Generators.

3.     Turbines and accessories

They have experience in erecting of coal, Hydro, nuclear, gas and Solar based power plants.

The other segment naming  Industry group caters to various diverse sectors naming as :-

1.     Process Industries

2.     Power Transmission and Distribution

3.     Defence

4.     Transportation

Bharat Heavy Electrical Limited (BHEL) deals in designs, engineering, Construction, Manufacturing, testing and commissioning of products.

 

Order Book:-

BHEL has an order book of Rs.1,08,000 crores at the end of December 2023 quarter. It has received order inflow of Rs. 36,048 crores in Q3FY24 compared to order inflow of Rs.15,232 crores in Q3FY2023.

Company has also received Rs.19,400 crores power plant project for 3X800 MW NLC Talabira and 1X800 MW Yamuna Nagar having value of Rs. 5500 crores in January 2024.

 

In BHEL Government of India Holds 63.17% of shareholding.