BHEL rallies over 4% on Rs 7800 cr contract win for power project
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NEW DELHI: BHELBSE 3.79 % rallies as much as 4.1 per cent in trade on Thursday, after the state-run company said that it has bagged a Rs 7,800 crore contract for setting up a 1,320 MW thermal power project in Tamil Nadu.
At 09:30 a.m.; BHEL was trading 3.4 per cent higher at Rs 208.80. It has hit a low of Rs 208 and a high of Rs 210.25 in trade today.
Valued at around Rs 7,800 crore, it is an EPC contract (Engineering, Procurement and Construction) from Tamil Nadu Generation and Distribution Corporation Ltd ( TANGEDCO), Bhel said in a statement.
The order is for setting up a 2x660 MW coal-fired thermal power project at Ennore Special Economic Zone in Tamil Nadu, PTI reported.
The power plant will be constructed on a reclaimed ash pond, calling for specialised civil design, utilising an otherwise barren land, added the report.
Bhel's scope of work in the project includes design, engineering, manufacture, supply, construction, erection, testing and commissioning for the EPC Package.
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