Maharatna company BHEL has got the contract of thermal power project worth Rs 10 thousand crore in Jharkhand.
The luck of the country’s Maharatna company has changed. It has won a lottery of 10 thousand crore rupees. This lottery has come from Jharkhand. Actually, the company has got the contract of thermal power project. Due to which this is being considered a big news for the company. Actually, this Maharatna company is none other than Bharat Heavy Electricals Limited i.e. BHEL. After this order, the company’s shares saw a rise of 2.21 percent on Friday. Let us also tell you from where and who has given the contract of 10 thousand crore rupees to the company.
This project should be done here
Government company and Maharatna awardee Bharat Heavy Electricals Limited (BHEL) has got a contract of thermal power project worth Rs 10,000 crore from Damodar Valley Corporation (DVC). The company informed the stock market on Friday that two units of 800 MW each will be installed in Jharkhand under the second phase of Koderma thermal power plant. According to the information, this project is to be completed in 52 months. This order is worth Rs 10,000 crore. This work includes the supply of boilers, turbines, generators and related auxiliary equipment. Apart from this, BHEL will start the project apart from civil work. According to experts, this is a very big order for the company.
Company shares rise
Before the information was given to the stock market, the company’s stock saw a rise of more than two percent. The company’s stock on BSE rose 2.28 percent during the trading session to reach the day’s high of Rs 318.05. After the market closed, the company’s stock was seen at Rs 317.25 after a rise of about two percent. The company’s stock opened at Rs 313.85. The company’s market cap is Rs 1,10,468.46 crore.
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3 times growth in 11 months
On July 9, the company’s stock reached a 52-week high of Rs 335.40. Whereas on August 7, 2023, the company’s stock was at Rs 94.80. This means that in about 11 months, the company’s stock has seen a rise of 3.50 times i.e. 254 percent. In the last one year, the company has given a return of 206.58 percent to the investors. In the current year, the company’s stock has seen a rise of 60 percent. In a month, the company has given a return of 6.75 percent to the investors. Whereas in a week, an increase of 6.85 percent has been seen.
