Fri. Mar 29th, 2024

Shares of Bharat Heavy Electricals  rose 3 percent intraday Friday as company won Rs 11,700 crore order for setting up a 3×800 MW supercritical thermal power plant in Jharkhand.

The order for setting up the 3×800 MW Patratu Super Thermal Power Station Expansion, Phase-I (3x 800 MW) has been placed on BHEL by Patratu Vidyut Utpadan Nigam.

“Valued at Rs 1,034 crore, the order has been placed on BHEL by Hindustan Petroleum Corporation (HPCL) for its Visakh Refinery expansion project at Visakhapatnam, Andhra Pradesh,” it added.

BHEL said this captive power plant is being set up to meet HPCL’s power and steam requirement for its planned refinery expansion from 8.33 mtpa to 15 mtpa. Shares of BHEL were trading down by 2.2 per cent at Rs 91.10 on the BSE.

On the BSE, 3.32 lakh shares were traded in the counter so far compared with average daily volumes of 7.29 lakh shares in the past two weeks.

An engineering and manufacturing company, BHEL is an integrated power plant equipment manufacturer and is into designing, engineering, manufacturing, constructing, testing, commissioning and servicing a range of products and services for various sectors.