Bhel Share Price trading On the Greener Side

Bharat Heavy Electricals (BHEL share price) is currently trading at Rs. 138.10, up by 0.25 points or 0.18 per cent from its previous closing of Rs. 138.00 on the NSE. The scrip opened at Rs. 138 and has touched a high and low of Rs. 141.10 and Rs. 137.25 respectively. So far 40,73,229  shares are traded on the counter with a traded value of Rs. 5,659.75 lacs, as per NSE.

The stock has a face value Rs. 2 has touched a 52 week high of Rs. 162.90 on 8^thSep 2016 and a 52 week low of Rs. 90.15 on 29^th Feb 2016. Last one week high and low of the scrip stood at Rs. 142.00 and Rs. 129.00 respectively. The current market cap of the company is Rs. 33776.88crore.

The promoters holding in the company stood at 63.06%, while institutions and non-institutions held 31.89% and 5.05% respectively.

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BHEL Share Price drops, though seen to remain profitable in Q3

BHEL, the State-run engineering major reported a stellar second quarter performance with a net profit of Rs 109 crores after a loss of Rs 180 crores year on year. The company is likely to remain profitable in the current fiscal, say the sources familiar with the developments in the company.

Management's topline guidance for the financial year 2017 of Rs 31,000 crores is achievable going by the earnings, says a senior Research Analyst (Power and Capital Goods).

Current Happenings in BHEL Share Price

Amongst the ongoing turmoil in the market regarding the latest measures taken by the government to curb black money, terrorism, BHEL share price saw a drop of more than 6 per cent in today’s trading session. The share price is currently trading at Rs 134.60 a piece on NSE. A total of 63,86,616 shares of the company have been traded on NSE amounting to a total of Rs 8,572.12 lacs.

Q2 Numbers at a Glance

Profit for Q2FY17 stood at Rs 109 crores against loss of Rs 180.8 crores in same period last fiscal. Revenue during the quarter increased 12 per cent year on year to Rs 6,664.5 crores. Profit was estimated at Rs 96 crores on revenue of Rs 6,379 crores and EBITDA was expected at Rs 95 crores for the quarter, according to average of estimates of analysts polled by the media.

EBITDA or earnings before interest, tax, depreciation and amortization stood at Rs 155 crores in the second quarter as compared to loss of Rs 437.9 crores in year-ago period with margin at 2.3 per cent. BHEL said outstanding order book position was at Rs 1.03 lac crores at the end of September 2016. Other income declined sharply by 47.6 per cent.

BHEL is one of the top 500 shares recommended by the research team of Dynamic Levels. Get the most important support and resistance levels of the share at BHEL share price history.

BHEL Authorizes another 660 MW Supercritical Thermal Unit

Bharat Heavy Electricals Limited (BHEL) has authorized yet another 660 MW coal based supercritical thermal power plant in Uttar Pradesh. It is to be noted that in the past 15 months, BHEL has added 4,300 MW of power generation capacity in the state of Uttar Pradesh. The authorizing of the unit will result in symbolic improvement of electricity availability in the state of Uttar Pradesh. The unit has been authorized at the 3x660 MW Prayagraj Super Thermal Power Project, located in Bara tehsil in Allahabad district of Uttar Pradesh.

The project is run by Prayagraj Power Generation Company Limited -PPGCL, a subsidiary company of Jaiprakash Power Ventures Limited. This is the 2^nd unit of the project to be authorized. The first unit was commissioned earlier by BHEL in the year 2015 and the third unit of the project is also in the final stage of construction. BHEL’s extent in the project consisted of design, engineering, manufacture, supply, erection and commissioning of the Boiler and Turbine-Generator (BTG) package.

The chief equipment for the project has been produced by BHEL at its Haridwar, Trichy, Hyderabad, Ranipet and Bengaluru works, whereas the construction of the plant was undertaken by the company's Power Sector - Northern Region. BHEL has been an important partner in the power development programme of Uttar Pradesh.

Importantly, more than 70 per cent  of UP’s power generation capacity, totalling to more than 16,500 MW, has been installation by BHEL. Supercritical units are more efficient, eco-friendly and consume lesser coal.

BHEL has been at the limelight of installing environment friendly supercritical coal-fired power plants in the country and has received orders for 48 steam generators & 41 turbo-generators so far. Whereas 12 sets of supercritical boilers and 10 sets of supercritical turbine generators have been commissioned, the balance are in various stages of execution. As of now, BHEL share price settled below -0.11 per cent at Rs. 134.95. BHEL is analyzed by Dynamic Levels as the top 500 performing stocks for the June quarter among the 1700 stocks which are listed on the NSE.  BHEL is fundamentally strong and is safe for investment, as per Dynamic analysts

In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to BHEL share price history.

BHEL Bags 2 Renovation Hydropower Orders Worth Rs.430 Cr

BHEL, state-owned power equipment maker, has bagged 2 R&M - renovation and modernization orders of hydropower plants worth Rs.430 cr, including one from NHPC Limited.

The company said in a statement that BHEL has secured R&M contracts of HEPs - hydro electric plants. The company has won orders worth around Rs.430 cr, for the R&M of the 6x60 MW Boalimela HEP of OHPC - Odisha Hydro Power Corp Limited and the 3x60 MW Bairasiul HEP of National NHPC Limited.

As per a statement, the units at both Bairasiul and Balimela have been in operation for more than 35 years and the R&M of these units shall result in restoration of output capacity, enhancement in efficiency and reduction in the auxiliary power consumption, in addition to moving forward to better plant availability. 

Bharat Heavy Electricals Ltd or BHEL's scope of work for the job orders envisages design, manufacturing, engineering, supply, dismantling, testing, setting up and commissioning of critical parts of turbines, governors, generators, controls and instrumentation, protection and BoP - balance of plant. Major equipment for these contracts shall be manufactured and supplied by BHEL's plants in Jhansi, Bhopal and Bengaluru.

The average life expectancy of an HEP is recorded to be 30-35 years. In the present scenario of resource constraints, renovation and modernization of existing HEPs is recorded as the best option as this is both cost effective and requires much lesser time than establishing greenfield projects.

BHEL's footprint in hydropower accounts for 23 GW of hydro sets commissioned and 6 GW of hydro sets under execution in the nation and abroad. These sets, aggregating over 500 at 200 different power stations in the country and abroad, are delivering customized solutions in the most challenging of terrains, from the Himalayas in India and Bhutan to far away lands of New Zealand, Africa and South-East Asian countries. 

Meanwhile, BHEL share price was trading 1.89 per cent higher at Rs.137.25 on the NSE. The stock opened at Rs.136.60 from a previous closing of Rs.134.70. Bharat Heavy Electricals Ltd is among the top 500 performing stocks analyzed by Dynamic Levels for this quarter out of the 1700 shares listed on the NSE. The scrip made its 52-week high at Rs. 219.70 on 27th Oct ‘15 whereas the 52 week low value of the stock is seen at Rs. 90.15 on 29th Feb ‘16.For further details on the stock, kindly refer to Bhel share price history.