Bharat Heavy Electricals gains on inking MoU with NPCIL

Bharat Heavy Electricals is currently trading at Rs. 72.00, up by 0.36 points or 0.50% from its previous closing of Rs. 71.64 on the BSE.

The scrip opened at Rs. 72.25 and has touched a high and low of Rs. 72.39 and Rs. 71.53 respectively. So far 549888 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 91.45 on 05-Dec-2022 and a 52 week low of Rs. 41.40 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 74.29 and Rs. 70.66 respectively. The current market cap of the company is Rs. 24983.80 crore.

The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 24.07% and 12.76% respectively.

Nuclear Power Corporation of India (NPCIL) and Bharat Heavy Electricals (BHEL) have entered into an memorandum of understanding (MoU) to jointly pursue business opportunities in the area of Nuclear Power Plants based on Pressurized Heavy Water Reactor (PHWR) technology. Under the MoU, BHEL and NPCIL will jointly explore opportunities for development of Nuclear Power Projects with a view to reduce project gestation time.

BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.

Leave a Comment