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BHEL share price rises 2% after Adani Power order: What's happening?
BHEL share price: At 9:20am, Bharat Heavy Electricals was at ₹247.60, up ₹4.70 or 1.93 percent, on the BSE.
BHEL share price today: Share price of Bharat Heavy Electricals Limited (BHEL) rose 2 per cent today (March 28) after the company received a ₹4,000-crore order from Adani Power. At 9:20am, Bharat Heavy Electricals was at ₹247.60, up ₹4.70 or 1.93 percent, on the BSE. The company said in its release, “We have received an order from Adani Power for setting up the 2x800 MW Raigarh Phase-II thermal power plant at Raigarh, Chhattisgarh.”
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What we know about Adani Power's BHEL order?
The company received letter of award (LoA) for supply of equipment (boiler, turbine, generator) and supervision of erection and commissioning for 2x800-MW power project based on supercritical technology at Raigarh Phase II, Chhattisgarh.
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The company said that the boiler and turbine generator will be manufactured at BHEL’s Trichy and Haridwar plants and the supply of Unit-1 will be executed in 31 months while Unit-2 will be started in 35 months.
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BHEL orders this month
The company bagged an order earlier this month for setting up 1,600-MW Singrauli Supercritical Thermal Power Plant (STPP) Stage-III from NTPC. As per BHEL's statement, the plant will be set up adjacent to the existing 2,000-MW thermal power station (TPS) at Singrauli in Uttar Pradesh.
