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BHEL hits three-month high

In the past one month, the stock has outperformed the market by gaining 11% against a sub-1% gain in the Sensex.

SI Reporter Mumbai
Shares of Bharat Heavy Electrical Limited (BHEL) were trading higher by 2% at Rs 260, extending their previous day’s 4% gain on the Bombay Stock Exchange (BSE). Currently, the stock is trading at its highest level since March 2015.

On Tuesday, June 23, the state-run equipment maker BHEL said that it has commissioned a 250-MW unit of NTPC's Bongaigaon thermal power plant in the Kokrajhar district in Assam.

According to the statement, BHEL is executing the main plant package contract for setting up three coal-fired units of 250 MW each at the Bongaigaon thermal power station of NTPC.

Once the project is completed, it will become the highest rating coal-based power plant in Northeast India.

Meanwhile, in the past one month, the stock has outperformed the market by gaining 11% compared to a sub-1% gain in the S&P BSE Sensex.
 

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First Published: Jun 25 2015 | 9:46 AM IST

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