BHEL down 6% even as co. announces order for Turbine Generator in UP - Highlight Investment Research

Breaking

We are Best advisory company and SEBI Registered Investment Adviser in India, We Provide sure shot call and 100% Research Based Calls to our clients.

Wednesday, 9 October 2019

BHEL down 6% even as co. announces order for Turbine Generator in UP

Bharat Heavy Electricals Limited (BHEL), amidst stiff international competitive bidding (ICB), has bagged a significant order for the Turbine Generator (TG) and associated packages for the greenfield 2x660MW Khurja Super Thermal Power Project in Bulandshahr district of Uttar Pradesh.

Shares of the company are down by over 6%.



Valued at around Rs1,600cr, the order has been placed on BHEL by THDC India Ltd., a Joint Venture of the Govt. of India and the Govt. of Uttar Pradesh. BHEL's scope of work in the contract includes design, engineering, manufacture, supply, erection, testing and commissioning of the TG and associated packages for the 2x660MW Khurja supercritical power project.

Significantly, BHEL envisages indigenous manufacturing and sourcing of both the Turbine-Generator sets for this project, thereby providing impetus to the Govt. of India's 'Make in India' initiative.




No comments:

Post a Comment