The Bharat Heavy Electricals Limited beat the L&T and Korea’s Doosan in a tender as it has appeared as the lowest bidder to build a 2,400-MW project.

The contract includes the engineering, procurement and construction of three 800 MW units coal-fired power plant which is being built by NTPC and the Patratu Thermal Power Station.

The project was estimated to be valued at nearly Rs 14,000 crore, but BHEL's might have won the tender with its lowest bid of Rs 11,628 crore. BHEL’s bid was about 13.7% cheaper than L&T's Rs 13,220 crore, while Doosan's bid was significantly higher at Rs 22,792 crore.

The companies wants to win this project as it is one of the rarely active bid in the thermal power sector, where generators are not taking up new projects because of the lack of demand from state-run power distribution companies.

Stock View:

Bharat Heavy Electricals Ltd is currently trading at Rs 142.25, up by Rs 1.35 or 0.96% from its previous closing of Rs 140.9 on the BSE.

The scrip opened at Rs 141.2 and has touched a high and low of Rs 142.9 and Rs 140.65 respectively. So far 1317941(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 34486.68 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 182.65 on 25-Apr-2017 and a 52 week low of Rs 116.15 on 27-Dec-2016. Last one week high and low of the scrip stood at Rs 143.15 and Rs 138.1 respectively.

The promoters holding in the company stood at 63.06 % while Institutions and Non-Institutions held 32.43 % and 4.51 % respectively.

The stock is currently trading below its 100 DMA.

here is company details.

 

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