In early trade on January 15, the Bharat Heavy Electricals (BHEL) stock soared to a 52-week high of Rs 205.60 after securing a contract from NLC India. As of 11:05 am, the shares continued their upward trend, trading at ₹200.50, marking a 2.06% increase.
The contract involves an Engineering, Procurement, and Construction (EPC) package for the 3×800 MW NLC Talabira Thermal Power Project (NTTPP) located in Odisha’s Jharsuguda district. BHEL is set to manufacture the major equipment at various plants, including Trichy, Haridwar, Hyderabad, Jhansi, Bengaluru, Ranipet, Bhopal, Rudrapur, and Varanasi. The stock’s remarkable surge underscores the positive market response to the company’s recent contract win and its strategic role in the NLC Talabira project.
