Bharat Heavy Electrical Ltd has bagged an order worth Rs 2500-3000 crore from Singareni Collieries, ET Now reports.
Singareni Collieries Company Ltd, a state-owned mining company, on 12th September approved the order to supply two 600 MW boiler turbine generators, according to sources. BHEL will soon release an official confirmation of the order.
BHEL has reported a total order inflow of Rs 60,476 crore for FY2011 (up 2.4% YoY), finishing the year with a total order backlog of Rs 164,130 crore. For the last quarter the company was only able to declare an order inflow of 4000-5000 cr and hence an additional order worth Rs 3000 cr would boost investor sentiment.
Earlier in the week, ET Now reported that bidding for NTPC's Rs 18,000-cr project for the bulk supply of 800 mw supercritical equipment was expected to open today. L&T, BHEL, Bharat Forge, JSW, BGR Energy, Thermax and Doosan have participated in the bidding.
Analsyts expect BHEL to be winning minimum 4 sets (4x800 mw) from NTPC's Rs 18000 cr order pipeline.
The shares of the company closed 1.4% higher at Rs 1727. The stock has hit a high of Rs 1741.95 in the intra day trade on the BSE today.
ref:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/bhel-bags-rs-2500-3000-crore-order-report/articleshow/9982036.cms
Thursday, September 15, 2011
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