Shares of Bharat Heavy Electricals Ltd (BHEL) were trading in the green and 1% higher on 7 November after the company announced a Rs 6,650 crore order from NTPC Ltd.

The order is for the engineering, procurement, and construction (EPC) of 1×800 megawatt (MW) Darlipali Supercritical Thermal Power Project Stage II in Odisha’s Sundargarh district. EPC services include design, engineering, equipment supply, commissioning, plant installation, and civil works. The contract is set to be finished in 48 months.

Last Thursday, BHEL reported its second-quarter earnings. Its net profit of Rs 368 crore is above Street projections of Rs 221.2 crore and increased from Rs 96.7 crore reported in the second quarter of last year.

Its revenue climbed 14.1% to Rs 7,511 crore. BHEL’s earnings before interest, tax, depreciation, and amortisation (EBITDA) increased to Rs 580.8 crore from Rs 275 crore in the September quarter of the previous fiscal year. It also topped the Street’s expectation of Rs 223 crore.

Its operating margin increased to 7.7% in the second quarter, up from 4.2% the previous year, and it also exceeded Wall Street projections of 2.8%.

At 11:41 am, the shares of BHEL were trading 1.21% higher at Rs 263.20 on NSE.

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