BHEL up over 4%

Bharat Heavy Electricals Limited (BHEL) announced yesterday after market hours that it has won an order for the Renovation & Modernisation (R&M) of steam turbines at Ukai Thermal Power Station (TPS) in Gujarat.

Valued at about Rs.300 crore, the order for R&M of the 200 MW Unit-3 and the 210 MW Unit-5, has been placed on BHEL by Gujarat State Electricity Corporation Limited.

Significantly, BHEL is also the Original Equipment Manufacturer (OEM) of these turbine sets which have been successfully operating for around 40 years, before being taken up for R&M.

BHEL’s scope of work in the contract includes design, engineering, manufacturing, supply, dismantling, erection, testing and commissioning of the steam turbines and associated auxiliaries.

The equipment for the project will be supplied by BHEL’s manufacturing units at Haridwar, Trichy, Bengaluru and Bhopal while the execution on site will be undertaken by the company’s Power Sector - Western Region, Nagpur.

The stock price is in the green today; opening 1.25% higher at Rs.80.85 and rising over 4% to hit an intraday high at Rs.83.30. Volumes are up at around 1.33 lakh shares changing hands.