BHEL Share Price: In early morning trade on the BSE on Wednesday, November 29, shares of Bharat Heavy Electricals Ltd. (BHEL) surged to a 52-week high of Rs 162, driven by an order worth Rs 2,957 crore with the Ministry of Defence and an agreement with the largest nuclear operator in the world, which is based in France.
BHEL shares have reached the 52-week high for the third straight trading day.
At 9:41 am on Wednesday, the stock was up 1.92 percent, or Rs 3.0, at Rs 159.15.
The Defence Ministry-BHEL deal
As per the agreement, BHEL will produce 16 upgraded Super Rapid Gun Mounts and their accessories for the Indian Army.
Army Issues RFI For 5,000 5/7.5 Ton General Services 4X4 Trucks
BHEL-French firm deal
The French state-owned company Electricité de France S.A., France (EDF), the largest nuclear operator globally, and BHEL announced in a BSE filing that they had signed a Memorandum of Cooperation (MoC) to explore the possibility of maximising the local content of the Jaitapur Nuclear Power Plant Project (6×1650 MWe), to be established by NPCIL in India.
“Further, BHEL and EDF will also explore larger collaboration for the European Pressurised Reactors (EPRs) and for the NUWARD SMR (Small Modular Reactor),” the power utility stated in a BSE filing.
