BHEL shares rise over 3% on order win from Power Grid 

Shares of Bharat Heavy Electricals Ltd (BHEL) rose over 3% on Wednesday after the PSU firm said it won an order worth Rs 600 crore-Rs 900 crore excluding GST from Power Grid CorporaOon of India Limited (a Govt of India Enterprise) on behalf of its Project SPV Company.

BHEL stock gained over 3% to Rs 437.20 in the current session against Rs 422 in the previous session.

Market cap of the firm stood at Rs 1.51 lakh crore. Total 3.04 lakh shares of the firm changed hands amounting to a turnover of Rs 13.10 crore.

The stock looks strong in term of price action as it trades higher than the 5 day, 10 day, 20 day, 50 day, 100 day and 200 day simple moving averages. The multibagger stock has risen 233% in three years and gained 568% in five years.

BHEL has received order from Power Grid Corporation of India Limited on behalf of its Project SPV Company for establishment of 2 Nos. +300/-200 MVAR Synchronous Condenser at Kalyanpur (Gujarat)

It has received Notification of Award (NOA) for establishment of 2 Nos. +300/-200 MVAR Synchronous Condenser at Kalyanpur (Gujarat)

The project relates to Design, Engineering, Manufacturing, Supply, Erection, Testing and Commissioning of 2 Nos. +300/-200 MVAR Synchronous Condenser at Kalyanpur associated with Transmission system for Integration of Power from RE Projects in Jam Khambhaliya REZ in Gujarat.