BHEL receives order from Power Grid Corporation of India Ltd

Bharat Heavy Electricals Limited (BHEL) has received a Notification of Award for Khavda Nagpur HVDC project from Power Grid Corporation of India Limited.

A consortium of M/s Bharat Heavy Electricals Limited (BHEL) and M/s Hitachi Energy India Limited has been awarded the contract for establishment of + 800, 6000MW High Voltage Direct Current (HVDC) terminal stations at Khavda Pooling Station-2 (KPS2) (HVDC) & Nagpur (HVDC) for evacuation of renewable power from Khavda region in Gujarat to Nagpur in Maharashtra.

Power Grid Corporation of India Limited secured Khavda Phase V: Part A Power Transmission, the first-ever HVDC project tendered through a tariff-based competitive bidding (TBCB) process and subsequently selected Bharat Heavy Electricals Limited and Hitachi Energy India Ltd for the implementation of bi-directional parallel HVDC bipoles and associated AC substations for power evacuation. This project is part of the interstate transmission system (ISTS) for evacuating 8GW of renewable energy under Phase V: Part A from the Khavda Renewable Energy Zone in Gujarat, feeding into the country's 500GW renewable evacuation & transmission plan.

Shares of Bharat Heavy Electricals Limited was last trading in BSE at Rs. 243.95 as compared to the previous close of Rs. 241.45. The total number of shares traded during the day was 716212 in over 8063 trades.

The stock hit an intraday high of Rs. 247.50 and intraday low of 243.05. The net turnover during the day was Rs. 175621054.00.

Source : Equity Bulls

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BharatHeavyElectricals INE257A01026 BHEL OrderWin PowerGridCorporationofIndia