BHEL shares jump over 14.50% on receiving over ₹3,500 crore order from Adani Power

Shares of BHEL on Thursday zoomed over 14.50 per cent after the company said it has secured an order worth over ₹3,500 crore from Adani Power Limited to set up a thermal power project in Raipur, Chhattisgarh.

The stock jumped 14.57 per cent to ₹292.45 on the BSE.

On the NSE, it climbed 14.48 per cent to ₹292.35.

Shares of Adani Power also rallied nearly 8 per cent to ₹782.30 on the BSE.

It has “signed contract agreement on June 5, for the supply of equipment (boiler, turbine, generator) and supervision of erection and commissioning for 2×800 MW power project based on Supercritical Technology”, Bharat Heavy Electricals Limited (BHEL) said in an exchange filing on Wednesday.

The order’s total worth is more than ₹3,500 crore, excluding the GST, the company added.

The boiler and turbine generator will be manufactured at its Trichy and Haridwar plants, respectively, BHEL said.

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