Bharat Heavy Electricals rose 3.42% to Rs 49.95 after the company said it won two orders worth Rs 2,500 crore for emission control systems from NTPC.
Bharat Heavy Electricals (Bhel) said it secured two more orders for emission control equipment for thermal power plants. Valued at around Rs 2,500 crore, the orders have been placed by NTPC. The orders involve supply and installation of flue gas desulphurization (FGD) systems for 13 coal based units at 2,600 MW Korba STPS Stage I, II & III in Chhattisgarh and 2,100 MW Ramagundam STPS Stage I & II in Telangana. The announcement was made during trading hours today, 26 August 2019.
Shares of Bhel have risen 4.06% in two trading sessions to its current market price of Rs 49.95, from a recent closing low of Rs 48 on 22 August 2019.
On BSE, 7.31 lakh shares were traded in Bhel counter, compared to a 2-week average of 11.26 lakh shares. The stock hit an intraday high of Rs 50.10 and an intraday low of Rs 47.55.
It hit a 52-week high of Rs 83.25 on 7 September 2018 and a 52-week low of Rs 46.65 on 23 August 2019.
Bhel is an engineering and manufacturing company.
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