Bharat Heavy Electricals Ltd (BHEL) shares witnessed a remarkable surge on Thursday, June 6, as the company secured multiple projects, sending its stock surging at 13.14% higher at ₹288.90 on NSE.
The state-run company clinched a significant order worth Rs 3,500 crore from Mirzapur Thermal Energy (Uttar Pradesh) for a 2×800 MW thermal power project. The execution timeline for this order involves the supply of Unit-1 over 35 months and Unit-2 over 41 months.
Additionally, BHEL secured another substantial order valued at Rs 3,500 crore from Adani Power Ltd. (APL) for the establishment of a 2×800 MW Thermal Power Plant (TPP) in Raipur, Chhattisgarh. Similar to the previous order, the timeline for execution entails the supply of Unit-1 in 35 months and Unit-2 in 41 months.
The surge in BHEL’s shares reflects investor confidence in the company’s ability to secure and execute significant projects, bolstering its position in the market.
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