BHEL shares surge 2% after securing ₹6,100 crore order from NTPC

By Aditya Bhagchandani Published on September 23, 2024, 09:52 IST

Shares of Bharat Heavy Electricals Ltd. (BHEL) surged by nearly 2% today after the company announced securing a major order worth ₹6,100 crore from NTPC. The order, for the 1×800 MW Sipat Supercritical Thermal Power Project Stage-III, includes EPC works such as equipment supply, erection, commissioning, and civil works. The project is expected to be completed within 48 months from the date of the award.

BHEL has been in the spotlight recently for securing significant contracts. In August, the company signed a contract with Adani Power for three Supercritical Thermal Power Projects and won another order from Damodar Valley Corporation for the 2×800 MW Koderma Supercritical Thermal Power Project.

As of 9:50 AM, BHEL shares were trading 1.92% higher at ₹271.25 on NSE, reflecting strong investor interest following these developments.

BHEL

Aditya Bhagchandani

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.