The government-owned engineering and manufacturing company Bharat Heavy Electrical Limited (BHEL) company on Tuesday announced that it has received the largest ever order worth Rs 10800 crore from Nuclear Power Corporation of India Limited (NPCIL).

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According to the company’s filing to exchanges, “BHEL secures largest ever order worth Rs 10,800 Crores from NPCIL for EPC of Turbine Island for 6 units of 700 MWe.”

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“Six orders, received from NPCIL on 30.08.2021, envisage setting up of 4 units of 700 MWe at Gorakhpur, Haryana and 2 units of 700 MWe at Kaiga, Karnataka,” BHEL further said in a filing.

The public sector unit’s stock will be in focus during Wednesday’s trade amid this largest-ever order the company secured. On Tuesday, the shares of BHEL closed weak by around 3 per cent to Rs 52.55 per share on the BSE, as compared to a 1.16 per cent rise in the S&P BSE Sensex.

As many as 63.17 per cent controlling stake is held by the government, while 36.83 per cent stake is with the public, of which Life Insurance Corporation held 10.07 per cent stake in the company.

BHEL is the country’s largest power generation equipment manufacturer, falls under the Ministry of Heavy Industries and Public Enterprises, based in New Delhi. Similarly, NPCIL is responsible for the generation of nuclear power for electricity and is administered by the Department of Atomic Energy (DAE).

BHEL since the last five quarters have been reporting losses, while it reported around Rs 2717 crore loss in the financial year 2020-2021. In the June-end quarter, the company’s losses were narrowed to Rs 445.4 crore on a year-on-year basis as compared to Rs 897.15 crore in the same period a year ago.

However, its revenue grew by over 45 per cent in Q1 of FY22 to Rs 2901.32 crore as compared to Rs 1990.9 crores in a year-ago quarter, similarly, it reported Rs 17308.44 crore revenue in FY2020-21.