Shares of Bharat Heavy Electricals (BHEL) gained as much as 8.5 percent intraday Thursday on getting a Rs 7,800 crore contract for setting up a 1,320 MW supercritical thermal power project in Tamil Nadu. It is an EPC contract (engineering, procurement and construction) from Tamil Nadu Generation and Distribution Corporation (TANGEDCO), BHEL said in a statement. The order is for setting up a 2x660 MW coal-fired thermal power project at Ennore Special Economic Zone in Tamil Nadu. For this tender, BHEL partnered with Power Finance Corporation by syndicating the financing package in the current competitive environment. With this project, BHEL has now won orders for supply and installation of 35 supercritical boilers and 30 turbines of 660/700/800 MW ratings. The power plant will be constructed on a reclaimed ash pond, calling for specialised civil design, utilising an otherwise barren land. BHEL's scope of work in the project includes design, engineering, manufacture, supply, construction, erection, testing and commissioning for the EPC Package. The equipment for the contract will be manufactured at BHEL's Trichy, Haridwar, Bhopal, Ranipet, Hyderabad, Bangalore and Jhansi plants, while the company's Power Sector - Southern Region will be responsible for civil works and erection or commissioning of the equipment. At 14:33 hours IST, the stock was quoting at Rs 217.85, up Rs 15.90, or 7.87 percent on the BSE.
Thursday 9 October 2014
BHEL surges 8.5% on Rs 7800 crore order from TANGEDCO
Shares of Bharat Heavy Electricals (BHEL) gained as much as 8.5 percent intraday Thursday on getting a Rs 7,800 crore contract for setting up a 1,320 MW supercritical thermal power project in Tamil Nadu. It is an EPC contract (engineering, procurement and construction) from Tamil Nadu Generation and Distribution Corporation (TANGEDCO), BHEL said in a statement. The order is for setting up a 2x660 MW coal-fired thermal power project at Ennore Special Economic Zone in Tamil Nadu. For this tender, BHEL partnered with Power Finance Corporation by syndicating the financing package in the current competitive environment. With this project, BHEL has now won orders for supply and installation of 35 supercritical boilers and 30 turbines of 660/700/800 MW ratings. The power plant will be constructed on a reclaimed ash pond, calling for specialised civil design, utilising an otherwise barren land. BHEL's scope of work in the project includes design, engineering, manufacture, supply, construction, erection, testing and commissioning for the EPC Package. The equipment for the contract will be manufactured at BHEL's Trichy, Haridwar, Bhopal, Ranipet, Hyderabad, Bangalore and Jhansi plants, while the company's Power Sector - Southern Region will be responsible for civil works and erection or commissioning of the equipment. At 14:33 hours IST, the stock was quoting at Rs 217.85, up Rs 15.90, or 7.87 percent on the BSE.
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