BHEL Share Price Surges After Securing Major Order from Adani Power
The public sector company Bharat Heavy Electricals Limited (BHEL) has bagged a contract to set up a 2×800 MW Raigarh Phase-2 Thermal Power Plant in Chhattisgarh in collaboration with Adani Power. Following this major development, BHEL shares opened at ₹253.05 and rose to ₹253.70. The stock had closed at ₹243.50 on Wednesday, marking a 1.5% increase. Over the past six months, the stock has yielded over 95% returns.
BHEL Receives Fourth Big Order of the Year in March
This is the second-largest order BHEL has received in March and the fourth big order of the year. The total project cost, excluding GST, is estimated to be ₹4,000 crore. As per the contract, BHEL will supply equipment such as boilers, turbines, and generators for the construction and commissioning of the 2×800 MW power plant based on supercritical technology.
Upcoming Projects to Drive BHEL Stock Price Towards ₹300
Analysts believe that with a series of orders in the pipeline, BHEL’s stock price could touch ₹300 in the coming months. Apart from the Raigarh project, BHEL recently secured a ₹9,500 crore order from NTPC for setting up the Singrauli Super Thermal Power Project in Uttar Pradesh and a ₹15,000 crore order from NLC India for the Talabira Power Project.
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