BHEL wins second Power Grid order worth up to ₹900 crore
In short
BHEL has won another Power Grid order in a week, worth up to ₹900 crore. The work includes designing, making, supplying, erecting, testing and commissioning two synchronous condensers.
What the reporting says
BHEL won a second Power Grid order in a week worth up to ₹900 crore, according to a CNBC TV18 Market summary. The work covers design, engineering, manufacturing, supply, erection, testing and commissioning of two +300/-200 MVAR synchronous condensers. The order added to recent momentum in the stock and lifted shares about 3%.
Why it matters
BHEL secured a second Power Grid order within a week, worth up to ₹900 crore, according to a CNBC TV18 Market summary. The contract covers two +300/-200 MVAR synchronous condensers and includes design, engineering, manufacturing, supply, erection, testing and commissioning. The order supported the stock, which gained about 3% on the news.