250 per cent multibagger stock: This company bagged a prestigious order for India's largest hydro project against International Competitive Bidding!

Shares of the company have generated an impressive return of 129 per cent in the last one year.

Bharat Heavy Electricals Limited (BHEL) has achieved a significant victory in the realm of International Competitive Bidding, securing a prestigious contract for the Electro-Mechanical (E&M) components of India's largest hydropower project, the 2,880 MW Dibang Multipurpose Project in Arunachal Pradesh. This contract, awarded by NHPC, pertains to the 12x240 MW project situated in Roing within the Lower Dibang Valley district of Arunachal Pradesh.

BHEL's responsibilities within this contract encompass the entire spectrum of activities, ranging from design and engineering to manufacturing, supply, erection, and commissioning of the electro-mechanical package.

This package includes key components such as Turbines, Generators, Digital Governing Systems, Static Excitation Systems, Transformers, Bus Reactors, Gas Insulated Switchgear, Outdoor Pot Yard and switchyard Equipment, as well as Electrical and mechanical Balance of Plant (BoPs).

The primary manufacturing facilities for the major equipment required for this project will be BHEL's plants located in Bhopal, Bengaluru, Jhansi, and Rudrapur. Meanwhile, the on-site execution activities will be overseen by BHEL's Power Sector - Eastern Region division, based in Kolkata.

BHEL is India's largest manufacturer of power-generating equipment, boasting an installed base of over 197,000 MW globally. Remarkably, with over five decades of experience, the company has firmly established itself as a leader in India's hydro segment. BHEL boasts a portfolio of over 500 hydroelectric sets with a cumulative capacity of more than 32,000 MW, both within India and abroad.

The shares of the company commenced trading at Rs 139.80 hit an intraday high of Rs 143.55 and finally concluded the day at Rs 138.30 apiece on the BSE. Additionally, the stock has generated an impressive multibagger return of 258 per cent in the last three years.

Investors must keep this stock on their radar.

Disclaimer: This article is for informational purposes only and not investment advice.