BHEL shares rise 2% on bagging Rs 4,000-crore order from Adani Power
The share price of Bharat Heavy Electricals Limited (BHEL) rose 2 percent in early trade on March 28 after the company received a Rs 4,000-crore order from Adani Power.
At 9:20am, Bharat Heavy Electricals was quoting Rs 247.60, up Rs 4.70, or 1.93 percent, on he BSE.
“We have received an order from Adani Power for setting up the 2×800 MW Raigarh Phase-II thermal power plant at Raigarh, Chhattisgarh,” the company said in its release.
BHEL received the letter of award (LoA) for supply of equipment (boiler, turbine, generator) and supervision of erection and commissioning for 2×800-MW power project based on supercritical technology at Raigarh Phase II, Chhattisgarh.
The boiler and turbine generator are to be manufactured at BHEL’s Trichy and Haridwar plants. The supply of Unit-1 is to be executed in 31 months and Unit-2 in 35 months.
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Earlier in this month, the company bagged an order for setting up 1,600-MW Singrauli Supercritical Thermal Power Plant (STPP) Stage-III from NTPC.
The plant will be set up adjacent to the existing 2,000-MW thermal power station (TPS) at Singrauli in Sonbhadra district of Uttar Pradesh, BHEL said in a statement.
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