Shares of Bharat Heavy Electricals Ltd (BHEL) hit a 52-week high of Rs 204 on 15 January after the company announced securing an EPC contract worth Rs 15,000 crore from NLC India.

In its regulatory filing, the company said that it had secured a contract for the engineering, procurement, and construction (EPC) from NLC India for a 2,400-megawatt pit head green field thermal power project in Odisha.

The order is for the supply of equipment such as turbine, boiler, generators, and associated auxiliaries along with electrical and C&I, as well as a balance of plant packages. The contract also includes erection & commissioning of equipment and civil works that have to be executed in a period of 64 months.

The company also added that the 2,400 megawatt (3×800 megawatt) pit head power project will be based on Ultra SuperCritical Technology and will be constructed at Jharsuguda District in Odisha.

NLC India, in its filing, said, “The entire power of 2,400 MW is tied up with the states of Tamil Nadu, Odisha, Kerala and Puducherry and PPAs (power purchase agreement) already executed.”

All the major equipment for the project will be manufactured at the company’s Haridwar, Hyderabad, Jhansi, Trichy, Bhopal, Bengaluru, Ranipet, Varanasi, and Rudrapur plants.

At 11:49 am, the shares of BHEL were trading 2.62% higher at Rs 201.60 on NSE.