BHEL: Recently, Maharashtra State Power Generation Enterprise Limited (MahaGenco) has submitted a Letter of Award (LOA) to Bharat Heavy Electricals Limited, a public sector enterprise, for about Rs 8,000 crore, and the company has again come under the light. Let’s get into the details and learn more about the orders received by the organization.

Brief Background of the Company

With operations in the energy, industrial, and infrastructure sectors, BHEL is the biggest engineering and manufacturing company in India. The company was founded in 1964 and has been “Making in India” ever since. It provides a wide range of products, systems, and services in a number of industries, including:

• Transportation,
• Transmission,
• Oil & Gas,
• defense,
• Aerospace,
• And newer fields like EV Chargers & and Systems of Energy Battery Storage.

With 160+ project sites (including abroad) and 16 manufacturing units, the company is present throughout India. In addition, Bharat Heavy Electricals Limited is a vital component of the country’s strategic sectors, particularly because of its involvement in all three phases of India’s nuclear power program and its more than three decades of providing vital services and equipment to the aerospace and defense industries, including the Indian Navy’s Front-Line Weapon, the Super Rapid Gun Mount (SRGM) naval guns. As a pioneer in the field, the company has contributed significantly to the development of the rail transportation market in India during the past 60 years.

Company’s Order Details

There have been a lot of orders placed recently for Bharat Heavy Electricals Limited. Following are a few of these orders:

• BHEL receives an order for a Navy fast gun.
• Adani Power places an order for Rs 11,000 crore with BHEL.
• NALCO gave BHEL an order for Rs 450 crore.
• The establishment of a 660 MW thermal plant in West Bengal was ordered by BHEL.
• BHEL receives a Rs 3,200 crore hydro project deal.
• An agreement has been inked by BHEL and SJVN.
• BHEL and Swissrapid AG have a contract in place.

All these orders worth crores are anticipated to be a major opportunity for the company. Moreover, the Maharashtra State Power Generation Company Limited also showed interest in BHEL and extended an LOA. The Koradi Thermal Power Station’s two 660 MW BTG packages are covered under this LOA. The BTG package covers civil works, equipment delivery, and erection and commissioning.

Company’s Current Trading Information

BHEL is currently trading at Rs 202.85, down -0.95% from its previous closing price. Between 206.40 and 201.35 has been the trading range for Bharat Heavy Electricals. Over the past five days, the company has offered 4.59% and -14.46% this year. The TTM P/E ratio of Bharat Heavy Electricals is 153.96, while the sector P/E is 27.81.Nineteen analysts have started to cover Bharat Heavy Electricals. Three experts have recommended it as a strong buy, while four analysts have recommended it as a buy. Six analysts have rated the stock as a sell.The business reported a ₹ 134.70 crore net profit for the most recent quarter.

Conclusion

With the recent LOA, BHEL is again in the news, and investors should know that the company has a long list of existing projects in hand, and it will keep offering good opportunities to investors as well.

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