Multibagger PSU Co Bags Order From NLC India, Shares Zoom 398% In 3-Yrs

Large cap state-run company operating in heavy electrical equipment industry, Bharat Heavy Electricals Ltd has received LOA of EPC package for 3x800 MW NLC Talabira Thermal Power Project (NTTPP), Jharsuguda District, Odisha, India from NLC India Limited, according to the regulatory filing of BHEL. Last trading price of BHEL share on BSE is Rs 196.40 apiece with intraday fall of 0.68%. BHEL shares offered shareholders return of 145% in last 1-year and soared 108% in last 6-months. Check details below:

BHEL Bags LOA From NLC India: As per the regulatory filing of the company dated Jan 12, 2024, "EPC package for 3x800 MW NLC Talabira Thermal Power Project (NTTPP), Jharsuguda District, Odisha, India. Major equipment will be manufactured at BHEL's Trichy, Haridwar, Hyderabad, Jhansi, Bengaluru, Ranipet, Bhopal, Rudrapur, Varanasi plants."

It will include supply of equipment - Boiler, Turbine, Generator and associated auxiliaries along with electrical and C&I, Balance of Plant Packages. The project will also include erection & commissioning and civil works.
The time period by which the order/contract must be executed is 64 months. The broad consideration and size of the order is in excess of Rs 15,000 crore exclusive taxes and duties, added the BSE filing.

Earlier last year on November 29, 2023, the Defence Ministry revealed that it signed a contract with BHEL to obtain 16 upgraded SRGM, with the associated equipment or accessories for Indian Navy. The contract was inked under the Buy (Indian) category for Rs 2,956.89 crore, stated the release.

BHEL Inks MoC with Electricité de France S.A.: Earlier, BHEL issued a BSE filing on November 28 stating, "Bharat Heavy Electricals Limited (BHEL) and Electricité de France S.A., France (EDF), a French state-owned company and largest nuclear operator worldwide, have signed a Memorandum of Cooperation (MoC) to explore the opportunity to maximize the local content of the Jaitapur Nuclear Power Plant Project (6x1650 MWe) to be established by NPCIL in India."

Further, BHEL and EDF will also explore larger collaboration for the European Pressurized Reactors (EPRs) and for the NUWARD SMR (Small Modular Reactor), added the regulatory filing.

BHEL Q2 Performance: The state-owned company reported a consolidated net loss of Rs 238.12 crore for the quarter ended September 2023-24. BHEL reported a net profit of Rs 12.10 crore in the corresponding quarter of year ago period, as per the BSE filing. The company also declared a decline in its total income to Rs 5305.38 crore for the quarter under consideration from Rs 5418.74 crore in the same period a year ago. It declared a consolidated net loss of 343.89 crore in April- June period of this fiscal year.

BHEL Stock Outlook & Return: Bharat Heavy Electricals Ltd stock's 52-week high price is Rs 204.95 apiece and 52-week low price is Rs 66.30 per share, respectively. BHEL has a market capitalisation of Rs 68,387.72 crore. Bharat Heavy Electricals shares rose 50% in last 3-months, gained 108% in last 6-months, and offered return of 215% in last 2-years, and surged 398% in last 3-years. In last 5-years, BHEL stock gained 186%.

BHEL About: BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. Established in 1964, it is a leading power equipment manufacturer globally and one of the earliest and leading contributors towards building an Aatmanirbhar Bharat. The Government of India has granted the MAHARATNA status to BHEL, according to its official website.

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