DLF Ltd, Zee Entertainment Enterprises Ltd, Indiabulls Housing Finance Ltd and Meghmani Organics Ltd are among the other losers in the BSE's 'A' group today, 12 April 2021.

Bharat Heavy Electricals Ltd lost 12.43% to Rs 45.1 at 14:49 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 77.16 lakh shares were traded on the counter so far as against the average daily volumes of 50.53 lakh shares in the past one month.

DLF Ltd crashed 12.40% to Rs 244.8. The stock was the second biggest loser in 'A' group.On the BSE, 8.58 lakh shares were traded on the counter so far as against the average daily volumes of 5.87 lakh shares in the past one month.

Zee Entertainment Enterprises Ltd tumbled 12.30% to Rs 180.75. The stock was the third biggest loser in 'A' group.On the BSE, 12.96 lakh shares were traded on the counter so far as against the average daily volumes of 8.46 lakh shares in the past one month.

Indiabulls Housing Finance Ltd pared 12.28% to Rs 168.65. The stock was the fourth biggest loser in 'A' group.On the BSE, 19.23 lakh shares were traded on the counter so far as against the average daily volumes of 10.01 lakh shares in the past one month.

Meghmani Organics Ltd slipped 12.01% to Rs 118.35. The stock was the fifth biggest loser in 'A' group.On the BSE, 2.67 lakh shares were traded on the counter so far as against the average daily volumes of 5.82 lakh shares in the past one month.

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With this order, BHEL has made an entry into the downstream oil & gas process package business. The package, valued at over Rs 400 crore, envisages setting up a 525 TPD Sulphur Recovery Unit at IOCL's Paradip Refinery in Odisha.

The company's diversification strategy into non-coal based business areas has begun paying dividends. With the execution of this order, BHEL will establish itself as a lump-sum turn key (LSTK) player for process packages in the downstream oil & gas sector.

The scope of the said project includes project management, residual process design, detailed engineering, procurement, manufacturing, supply, testing, erection, construction, commissioning and performance guarantee test run of the 525 TPD Sulphur Recovery Unit. The project is scheduled for completion in 25 months.

State-run Bhel is engaged in design, engineering, construction, testing, commissioning and servicing of a wide range of products and services to the core sectors of economy. As of 31 December 2020, the Government of India held 63.17% stake in the company.

The PSU company posted a consolidated net loss of Rs 217 crore in Q3 FY21 as against a net profit of Rs 162 crore in Q3 FY20. Net sales declined 23% year on year to Rs 4203 crore in Q3 FY21.

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Bharat Heavy Electrical has bagged a major order for a Sulphur Recovery Unit from IOCL.

With this order, BHEL has made an entry into the downstream oil & gas process package business. The package, valued at over Rs.400 crore, envisages setting up a 525 TPD Sulphur Recovery Unit at IOCL's Paradip Refinery in Odisha.

The company's diversification strategy into non-coal based business areas has begun paying dividends and this is a milestone order for BHEL as part of its new growth areas initiative. With the execution of this order, BHEL will establish itself as an LSTK player for process packages in the downstream oil & gas sector.

BHEL's scope in the contract includes project management, residual process design, detailed engineering, procurement, manufacturing, supply, testing, erection, construction, commissioning and performance guarantee test run of the 525 TPD Sulphur Recovery Unit. The project is scheduled for completion in 25 months.

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Bharat Heavy Electricals has achieved yet another milestone in international business by securing its maiden overseas turnkey contract for a grid-connected 8 MWac Solar Photovoltaic (PV) power plant.

The solar farm will be set up by BHEL at Tamarind Falls, Henrietta (Phase II), Mauritius on Engineering, Procurement and Construction (EPC) basis. The contract for the same has been awarded to BHEL by CEB (Green Energy) Co. Ltd, Mauritius, a wholly owned subsidiary of Central Electricity Board (CEB), Govt. of Mauritius. The contract agreement for the project was exchanged between the Mauritian and Indian side during the visit of the Hon'ble Union Minister of External Affairs of India to Mauritius.

Significantly, the project is funded under Govt. of India's Line of Credit (LOC) and has been secured by BHEL through a competitive bidding process. The project will be executed by BHEL's Solar Business Division, Bengaluru and International Operations Division, New Delhi. Notably, the solar project in Mauritius marks the consolidation of BHEL's presence in Africa, where it has been active for more than four decades with electricity generation projects (approx. 2,100 MVV) and equipment supplies in 23 African countries.

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