Home Company BHEL has secured a ₹10,000 crore contract to establish a thermal power station in Jharkhand.

BHEL has secured a ₹10,000 crore contract to establish a thermal power station in Jharkhand.

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In June, BHEL also secured a contract worth ₹13,300 crore for the first phase of setting up the plant.

BHEL has secured a Letter of Intent from Damodar Valley Corp. to undertake the second phase of the Koderma 2×800 MW thermal power station in Jharkhand’s Koderma district. This phase, valued at ₹10,000 crore, will encompass engineering, procurement, and construction.

The scope of work includes supplying equipment such as boilers, turbines, generators, and associated auxiliaries, along with electrical systems, controls, and implementation, as well as balance of plant packages. BHEL will also handle erection, commissioning, and civil work. The project is slated for completion within 52 months.

BHEL has secured
Image Source: Finpedia

On Friday, July 26, Bharat Heavy Electricals Ltd (BHEL) announced it has been awarded a contract by Damodar Valley Corporation (DVC) to establish the 2×800 MW Koderma Phase-II Thermal Power Station in Jharkhand’s Koderma district.

According to a stock exchange filing, BHEL has received a Letter of Intent (LOI) from DVC for this project, which will be executed on an EPC (Engineering, Procurement, and Construction) basis. The scope of work includes supplying essential equipment such as boilers, turbines, generators, and associated auxiliaries, along with electrical systems, control and instrumentation (C&I) systems, and balance of plant packages.

BHEL will also manage the erection, commissioning, and civil work for the power station. The project is expected to be completed within 52 months, with the total contract value exceeding ₹10,000 crore, excluding taxes and duties.

BHEL’s shares closed at ₹317.25, up by ₹6.10, or 1.96%, on the BSE.

BHEL has secured
Image Source: T&D India

BHEL Share Price Target 2024

Order Win: Bharat Heavy Electricals Limited (BHEL) has secured a ₹10,000 crore order from Damodar Valley Corporation (DVC) for the construction of the 2×800 MW Koderma Phase-II Thermal Power Station in Koderma District, Jharkhand. The project is slated for completion within 52 months.

Q1 FY2024-25 Results: BHEL will hold a Board of Directors meeting on Wednesday, July 31, 2024, to approve the unaudited financial results for the quarter ending June 30, 2024.

Dividend Record Date: The company has set Friday, August 9, 2024, as the “Record Date” to determine eligibility for a final dividend of ₹0.25 per share (12.5% on the paid-up equity share capital) for the fiscal year 2023-24.

Share Price Target: Antique Broking has issued a buy rating for BHEL in its report dated July 26. The brokerage projects a 16% upside potential, setting a target price of ₹361 per share.

Current Share Price: On July 26, 2024, BHEL’s shares rose by 1.96% on the BSE, closing at ₹317.25, up from the previous day’s close of ₹311.15. The intra-day high and low for the session were ₹318.05 and ₹310.70, respectively.

Market Capitalization: BHEL’s market cap stands at ₹1.10 lakh crore, as per BSE analytics. The stock’s face value is ₹2. Its 52-week trading range is between ₹94.80 and ₹335.40. BHEL is part of the BSE 200 index.Fundamentals: BHEL’s Earnings Per Share (EPS) is ₹-0.76 on a trailing twelve-month (TTM) basis, reflecting the company’s earnings per share. The price-to-earnings (P/E) ratio is -419.25, indicating the valuation of the company in relation to its peers.

You might also be interested in – BHEL Gets Over Rs 3,500 Cr Order from Adani Power

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