State-owned BHEL today announced the commissioning of all the 3 supercritical units of the 1980 MW coal-based Lalitpur Super Thermal Power Project in Uttar Pradesh within a span of just 85 days.
Bharat Heavy Electricals (BHEL) shares declined nearly 6 per cent on Monday after the state-run power equipment maker on Friday posted 59.5 per cent fall in net profit figures to Rs 359.58 crore for the quarter ended March 31
State-owned Bhel on Friday reported a 60% decline in its standalone profit for the quarter ended on March 31 on account of lower sales from its power equipment business.
Power Grid Corp of India shares jumped over 2 per cent in morning trade on Monday after it replaced state-run BHEL from the BSE's benchmark Sensex from June 20.
State-run engineering firm BHEL has bagged a Rs 1,600 crore order from a joint venture company of NTPC and SAIL to set up a coal-based thermal power project in Odisha.
Engineering behemoth BHEL announced last week that it would report net loss of Rs 877 crore for FY16 as its turnover for the year fell more than 12% to Rs 26,702 crore.
BHEL also informed BSE on Thursday that it has recorded the highest-ever commissioning of projects in its history and the highest order booking in the past five years in 2015-16.
"The unit has been commissioned at the upcoming 2x600 MW Singareni Thermal Power Project (TPP) located in Adilabad district in Telangana," BHEL said in a press release.
VA Tech Wabag stocks settled 4.85 per cent up at Rs 533.20 after the company informed stock exchanges that it has bagged record orders worth Rs 5,000 crore in FY 2016.
