BHEL (Bharat Heavy Electricals Ltd) shares reached a 52-week high of Rs 121.50 on 31 August after the company won a Rs 15,530 crore order from NTPC.

The company announced that it has received a Rs 15,530 crore order from the state-run NTPC for a thermal power plant. The company won the said order through competitive bidding.

The company will set up a 2×800 megawatts Supercritical Thermal Power Project Stage-II at Lara in Chhattisgarh for NTPC.

The work order involves design, manufacturing, engineering, construction, supply, testing, and commissioning with civil as well as structural works for the EPC package with a steam generator capable of biomass co-firing, emission control systems, steam turbine, generator & auxiliaries, control and instrumentation, balance of plant packages etc.

The project’s Unit-1 is to be commissioned in 48 months, whereas the Unit-2 is said to be commissioned in 52 months.

Earlier, the company received an order from NHPC worth Rs 2,242 crore and a Rs 4,000 crore order from an Adani Power subsidiary.

BHEL will also supply equipment like turbines, boilers, generators and supervise, erect, and commission a 2×800 megawatts power project for Mahan Energen Ltd, which is a wholly-owned subsidiary of Adani Power.

The company’s shares have surged nearly 6% over the last 5 days solely on the back of its order-winning spree.

At 11:40 am, the shares of BHEL were trading at Rs 119.30 or 0.51% above its previous close on NSE.