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BHEL Shares Gain 1.8% on Securing Rs 7,000 Crore Orders from Adani Power 

This initiative is anticipated to enhance energy infrastructure and stimulate economic growth in the region.

Shares of Bharat Heavy Electricals Ltd were trading in the green and 1.8% higher on 14 June after the company announced securing orders from Adani Power for two power plants worth Rs 7,000 crore.

According to the company’s regulatory filing, the first order for the 2×800 megawatt (MW) Raipur supercritical thermal power plant, which is being set up in the Raipur district of Chhattisgarh, has been awarded by Adani Power Limited. 

The second order is for 2×800 MW Mirzapur supercritical thermal power plant, which is being set up in Mirzapur district of Uttar Pradesh and was awarded by a subsidiary of Adani Power Ltd, MTEUPPL. 

The company’s responsibilities for both projects encompass the manufacturing and supply of main plant equipment and associated auxiliaries, as well as overseeing erection and commissioning. Essential equipment for the projects, such as steam generators, steam turbines, and generators, will be produced at the company’s plants in Trichy and Haridwar.

BHEL, under the Ministry of Heavy Industries, is India’s largest engineering and manufacturing enterprise, operating across the energy, industry, and infrastructure sectors.

At 3:01 pm, the shares of BHEL were trading 0.59% higher at Rs 305.75 on NSE.

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