BHEL shares jump nearly 3% after Rs 6,500 crore order win from Adani Power
Shares of Bharat Heavy Electricals Ltd (BHEL) jumped nearly 3% in early trade after the company announced a significant order win from Adani Power Ltd (APL). As of 9:15 AM, the shares were trading 2.25 % higher at Rs 270.05.
BHEL has received a Letter of Award (LoA) from APL for supplying and supervising equipment for six thermal power units of 800 MW each. The contract, valued at approximately ₹6,500 crore (excluding GST), includes the supply of Steam Turbine Generator (STG) sets and related auxiliaries, along with supervision during erection and commissioning.
This is a domestic order and marks another major addition to BHEL's portfolio. The execution will be based on Adani Power's specific project timelines.
Importantly, BHEL clarified that this deal is not a related party transaction, and there is no promoter or group interest in Adani Power. While the company has not disclosed a fixed execution timeline, it confirmed that the project will move forward as per Adani's schedule.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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