Shares of Bharat Heavy Electricals Ltd surged 3% to touch a day’s high of Rs 213.67 on 21st March after the company announced a major order win to the exchanges.
BHEL secured a Rs 7,500 crore EPC contract from Gujarat State Electricity Corporation for a 1×800 MW unit in Tapi, Gujarat.
The project includes supplying equipment, boiler, turbine, and generator and handling erection, commissioning, and civil works.
The order was won through an international competitive bidding process and must be completed in 54 months.
Last month, BHEL won a Rs 6,700 crore order from Singareni Collieries for an 800 MW thermal unit in Telangana.
It also secured a Rs 6,200 crore contract from Damodar Valley Corporation in the same month.
At 12:23 PM, the shares of BHEL were trading 3.08% higher at Rs 212.91 on NSE.
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