Shares of Bharat Heavy Electricals Ltd (BHEL) surged 3% on 28 June after the company announced securing a contract worth Rs 13,300 crore from Damodar Valley Corporation. This project highlights the government’s efforts to blister India’s energy security. 

DVC has finalised the tender for the engineering, procurement, and construction (EPC) package for the Koderma Thermal Power Station 2X800 megawatt (MW). Scheduled for completion by BHEL, this project is set to increase DVC’s installed thermal generation capacity to 8,140 MW by 2030. This initiative is anticipated to enhance energy infrastructure and stimulate economic growth in the region, providing significant benefits to local communities.

Central public sector firm BHEL in India is the largest manufacturer of equipment used for generating energy that is owned by the government. The corporation is owned by the Government of India, but is managed by the Ministry of Heavy Industries.

At 1:27 pm, the shares of BHEL were trading 2.07% higher at Rs 303.10 on NSE.