As BHEL secures a Rs 6,100-crore thermal power deal from NTPC, its share price rises by 3%.The announcement by BHEL that it had received an order from NTPC worth Rs 6.100 crore caused its share price to rise.
BHEL stock increases: On Monday, September 23, 2024, shares of nuclear power giant Bharat Heavy Electricals Limited (BHEL) jumped much as 3.02 percent, reaching an intraday high of Rs 274.20 per share.
The announcement by BHEL that it had received an order from NTPC worth Rs 6,100 crore caused its share price to rise.
“Bharat Heavy Electricals Limited (BHEL) has received a Notification of Award (NOA) from NTPC Limited for 1×800 MW Sipat Supercritical Thermal Power Project Stage-III,” the company stated in an exchange filing.
As per the order specifics, BHEL will undertake the responsibility of engineering, procurement, and construction (EPC) activities for the 1×800 MW Sipat Supercritical Thermal Power Project Stage-III. This includes the supply of equipment, erection & commissioning, and civil works.
Within 48 months after the date of the award notification, the order is anticipated to be finished.
Bharat Heavy Electricals Limited (BHEL) declared last month that it has obtained several orders from Adani Power and its subsidiary Mahan Energen Limited, totaling more than Rs 11,000 crore.
The contract was signed on August 25, 2024, for the provision of equipment (turbine, generator, and boiler) and supervision of the erection and commissioning of three power projects, each with a capacity of two 800 MW. The projects are based on supercritical technology and are located at Mahan (Phase-III), Kawai (Phase-II) and Kawai (Phase-III) in Rajasthan (APL), Madhya Pradesh of MEL.
Read More : https://en.wikipedia.org/wiki/Bharat_Heavy_Electricals_Limited
Bharat Heavy Electricals Ltd (BHEL) is one of the top producers of power plant equipment in the nation, and Madhya Pradesh is home to MEL. The company specializes in a wide range of product and service design, engineering, manufacture, installation, testing, commissioning, and servicing.
Key industries served by BHEL include power, transmission, industry, transportation, oil and gas, renewable energy, and defense. The Government of India owns and runs BHEL, which is the leading engineering and manufacturing company in the nation.
The company’s market capitalization, as reported by the Bombay Stock Exchange (BSE), is Rs 94,276.87 crore. The business is classified as BSE 200.
The 52-week high and 52-week low for BHEL shares, respectively, are Rs 335.40 and Rs 113.50 per share.
As of now, BHEL’s share price stood at Rs 274.20, up 3.02 percent. In contrast, the BSE Sensex was up 0.30 percent at 84,800.43 points in trading.