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Shares of Maharatna Company Bharat Heavy Electricals Limited (BHEL) have seen a good bounce. Shares of the state-owned company rose more than 2 percent to Rs. 121.45 has been reached. Shares of the company hit a new 52-week high on Thursday. BHEL’s shares have also hit a 6-year high. Earlier on April 28, 2017, the share price of Bharat Heavy Electricals Limited was Rs.117.13. The rise in BHEL’s shares has come on the back of a large order from state-owned NTPC.
From NTPC Rs. 15530 crore order received
Bharat Heavy Electricals Limited (BHEL) has received a Rs. 15530 crore order has been received. BHEL has received an order from NTPC to construct 2×800 MW Super Critical Thermal Power Project-II at Lara, Chhattisgarh. BHEL has stated in its regulatory filing that the work of Unit-1 is to be completed in 48 months, while the work of Unit-2 is to be completed in 52 months.
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Bhel received from NHPC Rs. 2242 crores worth of work has been received
State-run engineering firm NHPC announced on August 25 that it has received work worth Rs 2242 crore from NHPC. BHEL shares have gained nearly 16% in the past one month. At the same time, shares of Bharat Heavy Electricals Limited have gained 73% in the last 6 months. In the last one year, the shares of the government company have risen by 100 percent. On 1 September 2022, the company’s shares traded on BSE at Rs. 60.10, which increased to Rs. 121.45 has been done.
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Disclaimer: Information about stock performance is provided here only, not investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.