Meanwhile, BSE Sensex was down 158.36 points or 0.87% to 17,956.89.
On BSE, 59,015 shares were traded in the counter. The scrip had an average daily volume of 1.37 lakh shares in the past one quarter.
The stock hit a high of Rs 2280 and a low of Rs 2206 so far during the day. The stock had a 52-week high of Rs 2925 on 7 November 2007 and a 52-week low of Rs 970 on 16 March 2007.
The large-cap scrip had outperformed the market over the past one month till 15 February 2008, declining 3.71% compared to the Sensex's decline of 8.05%. It had underperformed the market in the past one quarter, declining 18.85% compared to Sensex's decline of 8.04%.
The company's current equity is Rs 489.52 crore. Face value per share is Rs 10.
The current price of Rs 2208 discounts its Q3 December 2007 annualized EPS of Rs 63.07, by a PE multiple of 35.
The equipment for the power plant will be supplied from Bharat Heavy Electricals (Bhel)'s manufacturing units at Haridwar, Bhopal, Jhansi, Bangalore, Chennai and Ranipet. The power sector division will carry out the overall engineering of the project, and execute all site activities including erection and commissioning of the plant, reports suggested.
On 14 February 2008, Bharat Heavy Electricals (Bhel) bagged an order worth Rs 200 crore from Oil & Natural Gas Corporation for supplying oil field equipment.
On 8 February 2007, the company bagged an order worth Rs 3390 crore for setting up two units of 500 megawatt each in a thermal power station in northern Uttar Pradesh.
In December 2007, the company signed joint venture agreement with NTPC for establishment and operation of a joint venture company for engineering, procurement and construction business.
Bhel's net profit rose 15.6% to Rs 771.90 crore on 14.4% growth in net sales to Rs 4964.14 crore in Q3 December 2007 over Q3 December 2006.
Bhel is engaged in manufacturing and distributing electrical, electronic, and mechanical and nuclear power equipment.