State-owned Bhel has bagged a Rs 3,810 crore contract from Telangana for setting up the newly formed state's first thermal power project.
"Valued at Rs 3,810 crore, the order is for setting up the 800 MW supercritical thermal power plant on EPC (engineering, procurement & construction) basis at Kothagudem in Khammam District of Telangana," Bhel said in a statement.
The order has been placed on the company by the Telangana State Power Generation Corporation Limited (TSGENCO). The project is to be commissioned in 36 months on fast track basis with both Bhel and TSGENCO setting up teams to expedite clearances and execution of the project.
TSGENCO has entered into an MoU with Bhel for construction of new thermal power plants totalling to 6,000 MW in the state in the next three years to meet the increasing demand for power, the statement said.
Bhel's scope of work in the project includes design, engineering, manufacture, supply, construction, erection, testing and commissioning of the 800 MW supercritical set on EPC basis.
The key equipment for the contract will be manufactured at Bhel's Trichy, Hyderabad, Haridwar, Bhopal, Ranipet, Bangalore and Jhansi plants. The company's power sector western region is responsible for civil works and erection, commissioning of the equipment.
The Bhel stock was trading at Rs 276.40, up 3.02 per cent on the BSE.
BHEL stock price
On January 02, 2015, Bharat Heavy Electricals closed at Rs 275.40, up Rs 7.10, or 2.65 percent. The 52-week high of the share was Rs 291.50 and the 52-week low was Rs 145.75.
The company's trailing 12-month (TTM) EPS was at Rs 11.68 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 23.58. The latest book value of the company is Rs 135.02 per share. At current value, the price-to-book value of the company is 2.04.
Write
a comment ...
