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BHEL gains 2% on Rs 536 crore order win from Nepal.


Date: 02-05-2018
Subject: BHEL gains 2% on Rs 536 crore order win from Nepal
Shares of Bharat Heavy Electricals (BHEL) rose 2 percent intraday Wednesday as company secured order from Nepal.

The company secured prestigious order for executing 900 MW Arun-3 hydroelectric project from SJVN Arun-3 Power Development Company.

The total value of the order is Rs 536 crore.

The order include design, engineering, manufacturing, supply, erection and commissioning of electro-mechanical equipment involving supply of four vertical francis turbines and generator sets, each rated 225 MW.

Recently, company also secured maiden export orders from Benin, Togo, Chile and Estonia, expanding its global footprints to 83 countries across all the six continents, as per company release.

The company is currently executing hydro projects of over 2,700 MW capacity in the country and 2,940 MW in Bhutan which are under various stages of implementation, demonstrating our commitment to promote clean and renewable energy in India and in subcontinent around India, it added.

A meeting of the board of directors of the company will be held on May 29, 2018 to approve the audited financial results of BHEL for the quarter & year ended March 31, 2018.

At 09:40 hrs Bharat Heavy Electricals was quoting at Rs 89.05, up Rs 1.30, or 1.48 percent on the BSE.

Source: moneycontrol.com

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