Stock Report

BHEL bags Maiden Order for 6,000 HP Electric Locomotives from NTPC Limited for Industrial application



Posted On : 2022-04-25 15:39:08( TIMEZONE : IST )

BHEL bags Maiden Order for 6,000 HP Electric Locomotives from NTPC Limited for Industrial application

Bharat Heavy Electricals Limited (BHEL) has achieved a major breakthrough in the rolling stock business by securing the order for 6,000 HP Electric Locomotives, first ever in the country for industrial application.

The order has been placed by NTPC Limited for supply of 6 nos. 6,000 HP Electric Locomotives for material handling operations at Lara thermal power project site.

With this order, BHEL has expanded its offerings in its rolling stock business, driven by increasing the existing basket of products and services in new market segments, specifically for industries viz. power, steel, cement, etc., in addition to Indian Railways.

As the world continues to explore new ways of limiting carbon emissions in the transportation sector, BHEL's efforts in offering eco-friendly electric locomotives for industry will provide a relatively cleaner and alternative option to diesel electric locomotives.

The locomotives shall be manufactured at BHEL's Jhansi facility and will be equipped with state-of-the-art IGBT-based propulsion equipment, developed and supplied by the company's Bengaluru unit. The traction motors for the locomotives will be supplied from BHEL's Bhopal plant.

So far, BHEL has supplied more than 450 nos. electric locomotives of various ratings to Indian Railways which are running successfully.

Shares of Bharat Heavy Electricals Limited was last trading in BSE at Rs. 53.95 as compared to the previous close of Rs. 54.70. The total number of shares traded during the day was 1273954 in over 3047 trades.

The stock hit an intraday high of Rs. 55.60 and intraday low of 53.80. The net turnover during the day was Rs. 69694509.00.

Shares of NTPC Limited was last trading in BSE at Rs. 160.25 as compared to the previous close of Rs. 162.75. The total number of shares traded during the day was 542318 in over 4101 trades.

The stock hit an intraday high of Rs. 162.95 and intraday low of 159.90. The net turnover during the day was Rs. 87544011.00.

Source : Equity Bulls

Keywords

BharatHeavyElectricals INE257A01026 BHEL NTPC Limited INE733E01010 OrderWin ElectricLocomotives