On July 5, Bharat Heavy Electricals (BHEL) share price zoomed in early trade after it extended its gas turbine technology contract with General Electric Technology GmbH Switzerland.

BHEL partnerships with the market leader for Indian gas turbines. With the BHEL-GE partnership since 1986, the Indian major has been manufacturing and delivering GE-designed gas turbines in national and overseas markets.
To date, BHEL has provided about 230 GE-designed gas turbines to numerous oil refineries, process industries, and utilities in India and to various customers wide-reaching.

Under this delay agreement, BHEL has increased access and boosted rights for prevailing, uprated, and new gas turbine models.
According to the agreement, BHEL will also supply GTs with fuel blends. Hydrogen, Methanol, Syngas etc. and hybrid configuration contribute further to fast-tracking the energy transition in India.

In another release, the company has learnt that Shri Krishna Kumar Thakur has been inaugurated as Director (HR) on the company’s board.
At 9:26 am, Bharat Heavy Electricals was trading at Rs 87.90, up Rs 1.01, or 1.16% on the BSE.
The share moved a 52-week high of Rs 91.45 and a 52-week low of Rs 44.40 on December 5, 2022, and July 6, 2022, individually. It trades 3.88% below its 52-week high and 97.97% above its 52-week low.