BHEL gains on entering into Technology Transfer Agreement with BARC

29 May 2024 Evaluate

Bharat Heavy Electricals is currently trading at Rs. 292.65, up by 1.45 points or 0.50% from its previous closing of Rs. 291.20 on the BSE.

The scrip opened at Rs. 291.20 and has touched a high and low of Rs. 295.45 and Rs. 288.75 respectively. So far 377144 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 322.35 on 21-May-2024 and a 52 week low of Rs. 80.84 on 30-May-2023.

Last one week high and low of the scrip stood at Rs. 310.00 and Rs. 288.75 respectively. The current market cap of the company is Rs. 101745.89 crore.

The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 24.69% and 12.13% respectively.

Bharat Heavy Electricals (BHEL) has entered into a Technology Transfer Agreement (TTA) with Bhabha Atomic Research Centre (BARC) for 50 kW alkaline electrolyser system for Hydrogen production. The well proven technology offered by BARC is indigenously developed and have high local material content.

BHEL through this collaboration with BARC intends to scale up Indigenous Alkaline Electrolyser Technology and commercialise it for application in sectors such as refineries, fertiliser, steel, transportation, etc. This will be a step further in BHEL’s contribution to the ‘National Green Hydrogen Mission’ and ‘Aatma Nirbhar Bharat Abhiyan’. 

Bharat Heavy Electricals is an Indian central public sector undertaking and the largest government-owned power generation equipment manufacture.

BHEL Share Price

235.25 -7.00 (-2.89%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
BHEL 235.25
Bharat Electronics 290.90
Thermax 4648.95
Kirloskar Oil Eng 1034.45
GMM Pfaudler 1219.55
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