Bharat Heavy Electricals (BHEL) shares were set to end the trading session 3% higher after the company won a contract for a thermal power project in Chhattisgarh.
What Happened: the power generation company has secured an order for the establishment of a 2×800 megawatt supercritical thermal power project at Lara, Chhattisgarh via competitive bidding.
BHEL has been entrusted with designing, engineering, manufacture, supply, construction, erection, testing and commissioning at the project.
Additionally, the project will include civil and structural works for the EPC Package. Notably, the steam generator will be capable of biomass co-firing.
The project will also feature a steam turbine, generator and auxiliaries, advanced emission control systems, state-of-the-art control and instrumentation, along with other balance of plant packages.
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Price Action: BHEL share price was up 2.92% at ₹118 near the close of trade on Wednesday.
Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.
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