The company has been awarded this contract for setting up a Combined Cycle Power Plant (CCPP) in Karnataka on EPC (Engineering, Procurement and Construction) basis by the Karnataka Power Corporation.
State-run BHEL has bagged an order worth Rs 1,202-crore for 370 MW gas-based combined cycle power project in Karnataka.
The company has been awarded this contract for setting up a Combined Cycle Power Plant (CCPP) in Karnataka on EPC (Engineering, Procurement and Construction) basis by the Karnataka Power Corporation.
"Valued at Rs 1,202 crore, the order for the 370 MW Gas Turbine-based CCPP to be installed at Yelahanka in the outskirts of Bengaluru city, has been placed on BHEL by Karanataka Power Corporation," the company said in a statement today.
This plant will replace the old diesel generator-based power capacity and improve the power supply in Karnataka and specifically Bengaluru city.
BHEL's scope of work in the project includes manufacturing, engineering, designing, construction, erection, commissioning of the gas turbine-based combined cycle power plant.
The key equipment for the manufactured at BHEL's Hyderabad, Trichy, Haridwar, Bhopal and Jhansi plants, while the company's Power Sector - Southern Region shall execute the civil works and erection and commissioning.
BHEL stock price
On January 15, 2015, at 14:10 hrs Bharat Heavy Electricals was quoting at Rs 272.15, up Rs 4.30, or 1.61 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 23.3. 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 2.02.
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