BHEL said in an exchange filing that it has “signed a contract agreement on June 5 for the supply of equipment (boiler, turbine, generator) and supervision of erection and commissioning for a 2×800 MW project based on Supercritical Technology.”
Bharat Heavy Electricals (BHEL) stocks rose as much as 13 percent to hit the upper circuit in the Thursday trading session after the PSU firm received two mega orders worth Rs 7,000 crore from Adani Power and its subsidiary, Mirzapur Thermal Energy.
BHEL stock traded with a 12.14 percent gain at Rs 286 in the morning session on the National Stock Exchange (NSE).
BHEL received the orders from Adani Power for setting up the 2×800 megawatt (MW) TPP at Raipur, Chhattisgarh, and from Mirzapur Thermal Energy (UP) for a 2×800 MW thermal power project at Mirzapur Phase I, Uttar Pradesh, as per the exchange filing.
The Rs 3,500 crore orders from Adani Power and the Rs 3,500 crore order from Mirzapur Thermal Energy included the supply of equipment (Boiler, Turbine, Generator) and supervision of erection and commissioning for a 2×800 MW power project based on supercritical technology.
Boiler and Turbine Generator will be manufactured at BHEL’s Trichy and Haridwar plants respectively.
The supply of the first unit in both orders is supposed to be delivered in 35 months, whereas the supply of the second unit is supposed to be delivered in 41 months.
The stock gained around 45 percent in 2024 so far and outperformed the benchmark index Nifty’s year-to-date (YTD) return of 4.85 percent.
Bharat Heavy Electricals Ltd. has received an order of Rs 3,500 crore from Adani Power Ltd. for setting up a thermal power project at Raipur in Chhattisgarh. The contract entails the supply of equipment including boiler, turbine, generator, and supervision of erection and commissioning of two 800-megawatt power projects, based on supercritical technology at Raipur, according to an exchange filing.
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