Shares of Bharat Heavy Electricals Limited (BHEL) surged nearly 2% on Monday after the company announced a significant deal with Adani Power Ltd. and its subsidiary, Mahan Energen Ltd. As of 9:50 am, BHEL shares were trading 1.27% higher at ₹299.95 on the NSE.
BHEL has entered into a contract with Adani Power and Mahan Energen to supply equipment, including Boilers, Turbines, and Generators, and to supervise the erection and commissioning of three supercritical thermal power projects. These projects, each with a capacity of 2×800 MW, are located in Kawai, Rajasthan, and Mahan, Madhya Pradesh.
The contract agreement, signed on August 25, 2024, marks a significant step for BHEL as it continues to play a vital role in advancing India’s power generation capacity through cutting-edge supercritical technology.
