BHEL gains on new order win

Shares of Bharat Heavy Electricals Limited (BHEL) on Wednesday gained nearly 2 per cent on major order win.

The public sector company informed the exchanges that it has won orders for the Turbine Generator and associated packages for the greenfield 2x660 MW Khurja Super Thermal Power Project situated at Bulandshahr district of Uttar Pradesh.

The said order amounts to Rs. 1600 crore and the order was placed by THDC India, which is Joint Venture between Govt. of India and the Govt. of Uttar Pradesh.

BHEL has been a key partner in the power development programme of Uttar Pradesh. Considerably, BHEL has contributed nearly 74 per cent of UP’s coal-based power generation capacity, totaling to around 17,000 MW.

BHEL is India’s leading engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.

At 11:53 hours, the stock of Bharat Heavy Electricals (BHEL) was trading at Rs. 43.50, up by 0.70 points or 1.64 per cent from its previous closing of Rs. 42.80 on the BSE.