New Delhi: Shares of BHEL on Thursday ended 9 per cent higher after the company said it has secured an order worth over Rs 3,500 crore from Adani Power Limited to set up a thermal power project in Raipur, Chhattisgarh.
The stock jumped 14.57 per cent to Rs 292.45 during the day on the BSE. It later ended at Rs 278.15 apiece, up 8.97 per cent.
On the NSE, it climbed 14.48 per cent to Rs 292.35 in intra-day. The stock later ended with a jump of 9 per cent at Rs 278.50 per piece.
The contract, signed on June 5, involves the supply of equipment (boiler, turbine, generator) and supervision of erection and commissioning for a 2×800 mega watt power project based on Supercritical Technology, as stated in BHEL’s exchange filing.
The order’s total worth exceeds Rs 3,500 crore, excluding GST. BHEL specified that the boiler and turbine generator would be manufactured at its Trichy and Haridwar plants, respectively.
