Bharat Heavy Electricals Ltd. is a letter of intent for Engineering, Procurement and Construction Packages in Manchelle District, Telangana, India for Engineering, Procurement and Construction Packages in Manchelle District, Telangana, India. I’ve secured it. Submitted on Friday.
The estimated order is approximately Rs 6,700 excluding taxes and obligations.
This includes supply and erection, testing and commissioning tasks (boilers, turbines, generators, FGDs, and related aids) as well as electrical and C&I, plant package balances, and related civil engineering work. The facility will be completed in 48 months.
Bhel had received a similar order from Damodar Valley Corp. worth Rs 6,200 on the steam generator island of Raghunathpur Thermal Power Project in West Bengal.
The company has received an intent for the Steam Generator Island package for the 2×660 MW Laguna Spool Thermal Power Station Phase-II project in the Purulia district.
The agreement covers not only the ESP, FGD and ASH handling systems, but also the supply, testing and commissioning of Steam generators and their auxiliaries. It also included civil engineering work related to electrical and control and instrumentation components, as detailed in the filing. The estimated order was around Rs 6,200, excluding taxes and obligations.
Shares of Bharat Heavy Electricals rose 0.96% to Rs 203.75 during the day on the national stock exchange. It fell 4.22% at Rs 193.31 per share compared to Benchmark Nifty’s 0.27% advance. The stock price fell 13.87% on a 12-month basis.
Seven of the 17 analysts tracking the company have a “buy” rating on their stock, two suggest “holds,” while eight recommend “selling,” according to Bloomberg data. . The average price target for analysts over a 12-month average means a potential rise of 14.4%.
