BHEL spurts on order win

BHEL is currently just about holding on to the green but it initially showed some good volumes at over 5 lakh shares. The stock price rose almost 2% to Rs.69.80. Its UC is at 10% at Rs.75.45.

The company announced yesterday that it had secured two EPC orders for setting up SPV plants with a cumulative capacity of 200 MW.

Valued at over Rs. 800 crore, the orders have been secured from NTPC Ltd. and Gujarat State Electricity Corporation Ltd (GSECL), reinforcing the company's position as a leading EPC player in the solar industry. Obviously, it has the advantage of being a PSU.

With this order, its Solar Photovoltaic (SPV) portfolio has surpassed 1 GW, of which nearly 500 MW have already been commissioned.

NTPC order envisages setting up India's largest floating SPV plant of 100 MW capacity at NTPC Ramagundam in Telangana, while the GSECL order involves setting up a 100 MW ground-mounted SPV plant at Raghanesda Ultra Mega Solar Park, Dist. Banaskantha in Gujarat.