Shares of Bharat Heavy Electricals Ltd (BHEL) surged 5% on Monday morning after reports suggested that the company won the Rupees 19,422 crore Talabira Power Project.
The Hindu Business Line had on Sunday reported that the company has bagged the contract and will build three ultra supercritical units of 800 MW each for NLC India at Talabira. The coal for the plant will be sourced from captive mines of Talabira.
As of September 2023, NLC India had 3.6 GW of thermal power capacity and 1.4 GW of renewable energy. The stock has risen 4.93% on a year-to-date basis. It had made three previous attempts since 2012 to cross the Rs 200 mark but saw a steep correction each time on nearing those levels.
