BHEL gains on bagging Rs. 10,800 cr order from NPCIL.

Bharat Heavy Electricals (BHEL) rallied 2.66% to Rs. 53.95 after the company secured largest ever order worth Rs. 10,800 crore from NPCIL for EPC of Turbine Island for 6 units of 700 MWe.

"Six orders, received from NPCIL on 30 August 2021, envisage setting up of 4 units of 700 MWe at Gorakhpur, Haryana and 2 units of 700 MWe at Kaiga, Karnataka," BHEL said in a statement.

On a consolidated basis, BHEL reported net loss of Rs. 448.20 crore in Q1 FY22, lower than net loss of Rs. 893.14 crore in Q1 FY21. Net sales rose 43.6% to Rs. 2,723.82 crore in Q1 FY22 over Q1 FY21.

State-run BHEL is engaged in design, engineering, construction, testing, commissioning and servicing of a wide range of products and services to the core sectors of economy. As of 30 June 2021, the Government of India held 63.17% stake in the company.

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