This Large Cap Stock Is Up After Winning Thermal Contract

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.

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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.

Price Action: BHEL share price was up 2.92% at ₹118 near the close of trade on Wednesday.

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Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.

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Posted In: EquitiesWIIMMarketsBHEL