BHEL rises almost 3%

BHEL is doing very well today; it went up almost 3% to Rs.88.45, with volumes exceeding over 5.5 lakh shares. Its 52-week high and low stands at Rs.121.83 and Rs.80.97 respectively.

The company announced today morning that BHEL has won a Rs.11,700 crore order for setting up a 3x800 MW supercritical thermal power plant in Jharkhand. This order comes from Patratu Vidyut Utpadan Nigam Limited (PVUNL - a subsidiary of NTPC Ltd . in Joint Venture with Jharkhand Bijli Vitran Nigam Limited).

Significantly, this is the single largest order ever placed by NTPC or its subsidiaries and the second largest order ever won by BHEL. Located at Patratu in Ramgarh district of Jharkhand, the project will be executed by BHEL on Engineering, Procurement and Construction (EPC) basis.

Key equipment for the project will be manufactured at BHEL's Trichy, Haridwar, Hyderabad, Ranipet, Bhopal, Bengaluru and Jhansi plants, while the company's Power Sector - Western Region division will be responsible for construction and installation activities at the site.