Maharatna Company Bags Order From NTPC To Set Up Thermal Power Project, Shares Rally

Bharat Heavy Electricals Limited (BHEL) said in a regulatory filing on Wednesday, August 30, that it secured an order from NTPC, a state-owned power producer, for setting up the 2x800 MW Supercritical Thermal Power Project Stage-II at Lara in Chhattisgarh.

According to BHEL, unit-1 of the NTPC order will be operational within 48 months of the zero date, while unit-2 will be operational within 52 months of the zero date.

"BHEL has secured the order for setting up the 2x800 MW Supercritical Thermal Power Project Stage-II at Lara in Chhattisgarh through International Competitive Bidding. Scope of work includes Design, Engineering, Manufacture, Supply, Construction, Erection, Testing & Commissioning with Civil & Structural works for the EPC Package with Steam Generator capable of Biomass co-firing, Steam Turbine, Generator & Auxiliaries, emission control systems, control and instrumentation, balance of plant packages etc," the company said in a filing.

Shares of BHEL hit new 52-week high at Rs 119.45 per share. It surged 3.49% to close at Rs 118.65 per share on the BSE. Its 52-week low is Rs 54.75 per share. The market cap of BHEL is Rs 41,314.68 Crore.

The stock gained 8.31% in 1 week. It gained 70.11% in 6 months. While in 1 year and 2 years, it gained 9.32% and 14.41%, respectively. It gained 64.91% in 3 years. In 5 years, it gained 68.23%.

Bharat Heavy Electricals Limited (BHEL) is a Maharatna CPSE. BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. It is a midcap PSU company.