The order, valued at Rs 422 crore, is for setting up of hydro generating sets and associated electro-mechanical works for the Vishnugad Pipalkoti project, BHEL said in a statement today.
Bharat Heavy Electricals Ltd ( BHEL ) has received a contract worth Rs 422 crore related to 444 MW Vishnugad Pipalkoti hydel power project in Uttarakhand.
Located in Chamoli district, Vishnugad Pipalkoti project is on Alaknanda river. It comprises four hydro generating sets of 111 MW capacity each.
The order, valued at Rs 422 crore, is for setting up of hydro generating sets and associated electro-mechanical works for the Vishnugad Pipalkoti project, BHEL said in a statement today.
The order has been awarded by THDCIL (formerly known as Tehri Hydro Development Corp Ltd).
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The scope of work envisages "engineering, procurement and construction of all hydro generating sets and associated electro mechanical works and is to be executed in a tight schedule of 48 months", the statement said.
This is the second major order bagged by BHEL for a hydro power project in Uttarakhand this year.
Earlier, an order for the 2x60 MW Vyasi hydel project was received from Uttarakhand Jal Vidyut Nigam Limited (UJVNL) in March.
State-owned BHEL is executing hydro power projects having capacity of about 9,500 MW.
BHEL stock price
On October 29, 2014, at 09:20 hrs Bharat Heavy Electricals was quoting at Rs 256.25, up Rs 1.20, or 0.47 percent. The 52-week high of the share was Rs 291.50 and the 52-week low was Rs 131.05.
The company's trailing 12-month (TTM) EPS was at Rs 13.03 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 19.67. 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 1.90.
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