BHEL bags Rs 2,569 cr contract from Neyveli Lignite Corp

Nov 01, 2013, 01.10 PM IST

The order includes supply of Steam Generator Package for two thermal units of 500 MW each.

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BHEL bags Rs 2,569 cr contract from Neyveli Lignite Corp

The order includes supply of Steam Generator Package for two thermal units of 500 MW each.

Like this story, share it with millions of investors on M3

BHEL bags Rs 2,569 cr contract from Neyveli Lignite Corp

The order includes supply of Steam Generator Package for two thermal units of 500 MW each.

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State-run BHEL today said it has bagged a Rs 2,569 crore contract from Neyveli Lignite Corporation Limited for supplying equipment for the company's 1,000 MW thermal power project.

"Valued at Rs 2,569 crore, the order has been placed on BHEL by Neyveli Lignite Corporation Limited for the upcoming 1,000 MW thermal power project," BHEL said in a statement.

The order includes supply of Steam Generator Package for two thermal units of 500 MW each. 

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 BHEL has earlier secured orders from Neyveli Lignite for their 2x500 MW Tuticorin, 2x250 MW Neyveli and 2x125 MW Barsingsar projects.

The company has established the capability to deliver power plant equipment of 20,000 MW per annum.

BHEL shares were trading at Rs 144.50, up 2.63 percent on the BSE.

On November 01, 2013, Bharat Heavy Electricals closed at Rs 143.45, up Rs 2.50, or 1.77 percent. The 52-week high of the share was Rs 247.50 and the 52-week low was Rs 100.35.

The company's trailing 12-month (TTM) EPS was at Rs 25.16 per share as per the quarter ended June 2013. The stock's price-to-earnings (P/E) ratio was 5.7. The latest book value of the company is Rs 124.38 per share. At current value, the price-to-book value of the company was 1.15.

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