BHEL shares up 5%; mcap rises by Rs 1,298 crore on strong order inflow

Shares of power equipment maker BHEL rose nearly 5% on Thursday after the company commissioned an all-time high power generation capacity of over 15,000 MW and booked new orders worth Rs 43,727 crore in 2015-16, the largest in five years.

The stock climbed 4.65% to settle at Rs 119.30 on BSE. During the day, it gained 6.49% to Rs 121.40. At NSE, shares of the company went up 4.69% to close at Rs 119.25. The stock was the biggest gainer among the blue-chips on both Sensex and Nifty.

The company's market valuation rose by Rs 1,297.87 crore to Rs 29,199.87 crore. State-run Bharat Heavy Electronics Limited (BHEL) has commissioned an all-time high power generation capacity of over 15,000 MW and booked new orders worth Rs 43,727 crore in 2015-16.

The company reported a net profit of Rs 396 crore during January-March 2016. The tentative or flash financial results of the company were approved by its board of directors in a meeting held on Thursday, BHEL said in a BSE filing.

BHEL recorded a provisional loss of Rs 877 crore in 2015-16 compared with the audited net profit of Rs 1,419 crore in the previous fiscal (2014-15). It further said its turnover was Rs 26,702 crore in the last fiscal as against Rs Rs 30,947 crore in the preceding fiscal. However, the company's order inflow or bookings rose to Rs 43,727 crore last fiscal from Rs 30,814 crore in the previous fiscal.