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Bharat Heavy Electricals Limited ( (IN:BHEL) ) just unveiled an update.
Bharat Heavy Electricals Limited (BHEL) has issued a corporate guarantee to the Ministry of Coal, Government of India, on behalf of Bharat Coal Gasification and Chemicals Limited (BCGCL), a joint venture between BHEL and Coal India Limited. This guarantee is part of a project agreement under the government’s scheme to promote coal and lignite gasification projects. BHEL’s liability is capped at 49% of Rs. 1350 crore, reflecting its equity stake in BCGCL, and this move positions BHEL as a significant player in supporting energy sector initiatives, potentially impacting its financial commitments and stakeholder interests.
More about Bharat Heavy Electricals Limited
Bharat Heavy Electricals Limited (BHEL) operates in the heavy electrical equipment industry, providing a range of products and services including power generation equipment, transmission systems, and industrial machinery. The company focuses on serving both public and private sector clients, with a significant presence in the Indian market.
YTD Price Performance: -16.79%
Average Trading Volume: 633,609
Current Market Cap: 675.7B INR
For detailed information about BHEL stock, go to TipRanks’ Stock Analysis page.