Bharat Heavy Electricals' Solar Photovoltaic (SPV)portfolio has surpassed 1 GW with the company winning two EPC orders for setting upSPV plants with a cumulative capacity of 200 MW.

Valued at over Rs. 800 crore, the orders have been secured from NTPC and GujaratState Electricity Corporation (GSECL), reinforcing the company's position as aleading EPC player in the solar industry.

The NTPC order is for setting up floating SPV plant of 100 MW capacity at NTPC Ramagundam in Telangana, while the GSECL order involves setting up a 100 MW ground-mounted SPV plant at Raghanesda Ultra Mega Solar Park, Banaskantha in Gujarat.

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The announcement was made on 16 June 2019.

Meanwhile, the S&P BSE Sensex was up by 140 points or 0.35% to 39,312.07.

On the BSE, 2.63 lakh shares were traded in the counter so far compared with average daily volumes of 19.12 lakh shares in the past two weeks. The stock had hit a high of Rs 69.90 and a low of Rs 69.25 so far during the day. It hit a 52-week high of Rs 83.25 on 07 September 2018 and a 52-week low of Rs 56.25 on 05 February 2019.

Bharat Heavy Electricals (Bhel) said it won two engineering procurement construction (EPC) orders for setting up Solar Photovoltaic (SPV) plants with a cumulative capacity of 200 megawatts (MW). Valued at over Rs 800 crore, the orders have been secured from NTPC and Gujarat State Electricity Corporation (GSECL). The NTPC order is for setting up floating SPV plant of 100 MW capacity at NTPC Ramagundam in Telangana, while the GSECL order involves setting up a 100 MW ground-mounted SPV plant at Raghanesda Ultra Mega Solar Park, Banaskantha in Gujarat.

Bhel reported 49.33% rise in net profit to Rs 682.70 crore on 0.05% rise in net sales to Rs 9,836.50 crore in Q4 March 2019 over Q4 March 2018.

Bharat Heavy Electricals (Bhel) is an integrated power plant equipment manufacturer and one of the engineering and manufacturing companies in India.

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Bharat Heavy Electricals has secured a prestigious orderfor the erection work of the upcoming 2x1000 MWe Turbine Generator (TG) island Units3&4 at Kudankulam Nuclear Power Project in Tamil Nadu being set up with foreigncooperation (Russia).

Valued at over Rs.440 crore, the order has been placed on BHEL by Nuclear PowerCorporation of India (NPCIL). Significantly, for the same project, BHEL has alsoemerged as the lowest bidder for erection of the Reactor side equipment.

Earlier, BHEL has successfully executed the erection work of TG island for Units 1&2at Kudankulam, showcasing its capability in efficiently erecting equipment designedand manufactured by other suppliers.

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The announcement was made during market hours today, 11 June 2019.

Meanwhile, the S&P BSE Sensex was up by 130.07 points or 0.33% to 39,914.59

On the BSE, 4.88 lakh shares were traded in the counter so far compared with average daily volumes of 18.55 lakh shares in the past two weeks. The stock had hit a high of Rs 69.65 and a low of Rs 67.70 so far during the day. It hit a 52-week high of Rs 83.25 on 07 September 2018 and a 52-week low of Rs 56.25 on 05 February 2019.

Bharat Heavy Electricals (Bhel ) announced that it had received an order from Nuclear Power Corporation of India (NPCIL) worth Rs 440 crore for the erection work of the upcoming 2x1000 MW Turbine Generator (TG) island Units 3&4 at Kudankulam Nuclear Power Project in Tamil Nadu being set up with foreign cooperation (Russia). Bhel had successfully executed the erection work of TG Island for Units 1&2 at Kudankulam.

Bhel reported 49.33% rise in the net profit to Rs 682.70 crore on 0.65% rise in the total income to Rs 10418.03 crore in Q4 March 2019 over Q4 March 2018.

Bharat Heavy Electricals (Bhel) is an integrated power plant equipment manufacturer and one of the engineering and manufacturing companies in India. The company is engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, Transmission, Industry, Transportation, Renewable Energy, Oil & Gas and Defense.

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