Shares of Bharat Heavy Electricals Limited (BHEL) were trading in the green and 3% higher on Monday 23 September 2024, reaching an intraday high of Rs 274 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.

In an exchange filing, the company said, “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.”

As per the order specifics, BHEL will undertake the responsibility of engineering, procurement, and construction (EPC) activities for the 1×800 megawatt (MW) Sipat Supercritical Thermal Power Project Stage-III. This includes the supply of equipment, erection & commissioning, and civil works.

The order is anticipated to be finished within 48 months after the date of the award notification.

Bharat Heavy Electricals Limited (BHEL) declared last month that it had obtained several orders from Adani Power and its subsidiary Mahan Energen Limited, totalling more than Rs 11,000 crore.

On 25 August 2024, a contract was signed for the supply 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. These projects are based on supercritical technology and are located at Mahan (Phase-III), Madhya Pradesh of MEL, and Kawai (Phase-II), Rajasthan of APL.

At 12:19 pm, the shares of BHEL were trading 2.59% higher at Rs 273.05 on NSE.

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