BHEL bags order to set up 25 MW solar power plant
BHEL has received an order for setting up a 25 MW Floating Solar Photovoltaic (SPV) power plant on Engineering, Procurement and Construction (EPC) basis in Simhadri in Andhra Pradesh. The order has been valued at more than Rs. 100 crore.
NTPC Limited has placed the order to BHEL for the plant to be set up on raw water reservoir of NTPC's Simhadri Thermal Power Plant. Previously, NTPC had placed an order to set up 100 MW floating SPV plant at Ramagundam in Telangana, marking this as the second order of floating SPV plant by NTPC Ltd.
Based in New Delhi, Bharat Heavy Electricals Limited (BHEL) is a Government of India-owned power generation equipment engineering and manufacturing company. BHEL offers EPC solution for both off-grid and grid-interactive ground mounted, rooftop, floating solar & canal-top solar plants with the company having a current portfolio of more than 1 GW of SPV plants. The company heavily contributes to the country’s green initiatives in developing and promoting renewable energy by strengthening its presence in the SPV segment with state-of-the-art manufacturing lines of solar cells and solar modules.
On Monday, the stock of the company was trading at Rs. 63.90 per share, a decrease by 1.46 per cent or Rs. 0.95 per share. The 52-week high is Rs.83.25 and 52-week low is Rs. 56.25 on BSE.