Shares of Bharat Heavy Electricals Ltd surged 3% to the touch a day’s excessive of Rs 213.67 on twenty first March after the corporate introduced a serious order win to the exchanges.
BHEL secured a Rs 7,500 crore EPC contract from Gujarat State Electrical energy Company for a 1×800 MW unit in Tapi, Gujarat.
The venture contains supplying gear, boiler, turbine, and generator and dealing with erection, commissioning, and civil works.
The order was received by way of a global aggressive bidding course of and have to be accomplished in 54 months.
Final month, BHEL received a Rs 6,700 crore order from Singareni Collieries for an 800 MW thermal unit in Telangana.
It additionally secured a Rs 6,200 crore contract from Damodar Valley Company in the identical month.
At 12:23 PM, the shares of BHEL had been buying and selling 3.08% greater at Rs 212.91 on NSE.
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