Rs 1,14,336 crore order book : PSU powerhouse inks MoU with giant Automotive market players;do you own it?
The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs and the general public.
Bharat Heavy Electricals Limited (BHEL) and Volvo Eicher Commercial Vehicles Limited (VECVL) signed a MoU for taking up a “Joint project for development & deployment of Type – IV Cylinders (Hydrogen / CNG) in Commercial Vehicle Segment”.
Due to above news the shares of BHEL have witnessed significant buying. On Friday, the shares of BHEL treaded in green at Rs 86.81 per share on BSE. The 52-week high and low are Rs 91.45 per share and Rs 41.40 per share, respectively on BSE.
The financial performance of the company is as follows:
- According to the quarterly statistics, the net grew by 2 per cent to Rs 8,338.81 crore in Q4FY23 over Q4FY22. In Q4FY23, the company earned Rs 611 crore in net profit. The EPS during Q4FY23 was Rs 1.75.
- According to the yearly reports, the company's income from operations was Rs 23,365 crore, a 10 per cent increase over the previous year. The company produced a profit before tax (PBT) of Rs 450 crore and a profit after tax (PAT) of Rs 448 crore.
The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs and the general public.
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