
Open Your Free Demat Account
Enjoy low brokerage on delivery trades
BAJAJ BROKING
BHEL has been awarded a ₹10,000 crore contract by Damodar Valley Corporation to set up the 2x800 MW Koderma Phase-II thermal power station in Jharkhand. The project, to be completed in 52 months, includes equipment supply and full EPC execution.
On Friday, Bharat Heavy Electricals Limited (BHEL) announced it has secured a significant contract from Damodar Valley Corporation (DVC) to develop the 2x800 MW Koderma Phase-II Thermal Power Station located in Koderma district, Jharkhand. As a result, BHEL’s share price today will remain in focus.
BHEL has received a Letter of Intent (LOI) from DVC for this project, which will be executed on an engineering, procurement, and construction (EPC) basis. The total value of the contract exceeds ₹10,000 crore, excluding taxes and duties. The scope of work for BHEL includes:
Supply of Equipment: BHEL will provide critical components such as boilers, turbines, generators, and associated auxiliaries. Additionally, the company will supply electrical systems and control & instrumentation (C&I) systems along with a balance of plant packages.
Construction and Commissioning: BHEL is responsible for the erection and commissioning of the power station, as well as carrying out the necessary civil works.
The entire project is scheduled for completion within a period of 52 months.
BHEL's Q4 financial performance shows a decline in net profit. For the last quarter of FY24, the company's net profit fell by 24.92% to ₹484.36 crore compared to ₹645.13 crore in Q4 FY23. Despite this, net sales increased marginally by 0.83% to ₹7,883.88 crore for the quarter ending March 31, 2024, compared to ₹7,819.37 crore in the previous year.
On Friday, BHEL’s share price closed at ₹327 on the NSE, reflecting a gain of ₹9.70 or 3.06%. The stock has delivered a year-to-date return of 65.03%, indicating positive market sentiment despite profit declines in Q4.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading