BHEL gains over 2 per cent on bagging Rs 440 crore order
Bharat Heavy Electricals (BHEL) has secured an order worth over Rs. 440 crore from NPCIL.
The company, as per the contract will be engaged in the erection work of the upcoming 2x1000 MWe Turbine Generator (TG) island Units 3&4 at Kudankulam Nuclear Power Project in Tamil Nadu being set up with Russian cooperation. The order has been placed on the company by Nuclear Power Corporation of India (NPCIL). BHEL has also emerged as the lowest bidder for the erection of the Reactor side equipment for the same project.
BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.
On Tuesday, the shares of BHEL opened at Rs. 68.40 against Monday’s close of Rs. 68.20. At 14:36 hours, the stock was trading at Rs. 70, 2.64 per cent higher than the previous close. It reached an intraday high of Rs. 70.10 and an intraday low of Rs. 67.70 per share on the BSE. The 52-week high stood at Rs. 83.25 and 52-week low was at Rs. 56.25 per share on the BSE.