BHEL jumps over 10%

BHEL, in the morning session was among the top five gainers on the BSE. The stock has in fact been rising for the last 3 days and has risen over 10% in this period. Today alone it rose over 10% to hit an intraday high at Rs.55.

The stock has reacted positively to the news that it has successfully secured two more orders for emission control equipment for thermal power plants.

Valued at around Rs.2,500 crore, the orders have been placed on BHEL by NTPC Ltd.

The orders involve supply and installation of Flue Gas Desulphurization (FGD) systems for 13 coal based units at 2,600 MW Korba STPS Stage I, II & Ill in Chhattisgarh and 2,100 MW Ramagundam STPS Stage I & II in Telangana.