BHEL received a large order from the Adani Group, and the government company's shares are currently trading

The shares of Bharat Heavy Electricals (BHEL) are actively trading. The company's stock is up around 2% today.

At 9.15 a.m., the company's shares opened at Rs 305.55, and by 9.30 a.m., the share price had increased to Rs 301. After 12 p.m., the company's shares went into action. Around 1 p.m., the company's shares had risen more than Rs 3 to reach Rs 309 per share.

BHEL informed the stock market that Adani Group has placed an order for two power units totaling Rs 7,000 crore. The Adani Group has placed the first order for the 2x800 MW Raipur Supercritical Thermal Power Plant, which is being built in the Raipur area of Chhattisgarh.

Earlier on June 5, 2024, Adani Group had also given an order of about Rs 3,500 crore to BHEL.

Bharat Heavy Electricals Limited told the stock market that it has signed a contract agreement for the supply of equipment for the power plant and supervision of construction and commissioning. BHEL has received orders for both i.e. supercritical thermal power plant and Haridwar plant.

BHEL is a government company. Its stock has performed well. The company has given a return of 266.13 percent in the last 1 year. At the same time, in the last 6 months, the company's shares have climbed by Rs 125.60.

Understand it like this that on 14 December 2024, the share price of the company was Rs 181.40 per share, which has become Rs 307 on 14 June 2024.

The market capitalization of BHEL is Rs 1,06,829.70 crore.