BHEL jumps on winning Rs 1023 cr order from Neyveli Lignite

Moneycontrol Bureau

Shares of BHEL jumped over 1 percent in early trade on Thursday on the back of an order. The PSU has bagged a Rs 1,023 crore contract from Neyveli Lignite Corporation for supplying turbine generator package at a thermal power project in Tamil Nadu. BHEL says in a statement that the order is for their upcoming 1,000 MW Neyveli New Thermal Power Project (NNTPP) at Neyveli, Tamil Nadu.

Earlier it had secured orders from NLC for their 2x500 MW Tuticorin, 2x250 MW Neyveli and 2x125 MW Barsingsar projects.

At 09:45 hrs, the stock was quoting at Rs 174.25, up Rs 1.85, or 1.07 percent on the BSE.