Hey there, news explorers! Imagine your favorite toy company just got a massive order to build super cool robots. That's kind of what happened with Bharat Heavy Electricals Limited, or BHEL for short. BHEL is like a giant construction company that helps build power plants, which make the electricity that lights up our homes and schools.
Big Win in Maharashtra
BHEL just scored a major win! They received an order worth ₹8,000 crore from Maharashtra State Power Generation Company Limited (Mahagenco). Think of a crore as a whole lot of rupees – ₹8,000 crore is enough to buy a mountain of candy! Mahagenco is a company in Maharashtra that makes electricity, and they've asked BHEL to help them build part of a power station. This power station is called Koradi Thermal Power Station and it's in Nagpur, Maharashtra.
What Will BHEL Do?
So, what exactly will BHEL be doing with this huge order? Well, they're going to build something called a BTG package, which stands for boiler turbine generator. This BTG package is like the heart of the power station, it will help to make electricity. BHEL will supply all the equipment needed, put everything together, and even do some construction work. The project is expected to take about 52 to 58 months to complete. That's a long time, but building a power station is a big job.
Good News for BHEL
This ₹8,000 crore order is fantastic news for BHEL! It means more work for the company and helps them grow stronger. In fact, BHEL's total orders have gone up a lot this year! This shows that BHEL is doing well and is an important player in India's power and energy scene.
Boost in Profits
BHEL has also been doing well financially. The company's net profit increased by 170% in the last quarter, and its revenue also went up by 32%. This is like getting extra allowance money because you've been doing a great job with your chores!
Renewable Energy
BHEL is also working on a project to transmit renewable energy from Bhadla in Rajasthan and Fatehpur in Uttar Pradesh. Renewable energy is energy that comes from sources like the sun and wind, which are clean and don't pollute the environment. BHEL is teaming up with another company called Hitachi Energy India Limited to build a special link that will carry this renewable energy. The project is set to be completed by 2030.
What does this mean for BHEL shares?
All of this good news has made people excited about BHEL, but the company’s share price still dipped despite strong order gains. The stock has underperformed in the past year, but has surged over the last three. Experts who study companies are giving BHEL positive reviews, with many recommending to buy BHEL stock.So, BHEL is like a superhero that's helping India build power plants and bring electricity to everyone. And with this new ₹8,000 crore order, they're ready to take on even bigger challenges!
With inputs from agencies
Image Source: Multiple agencies
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