BHEL, Adani Power shares rally up to 13% on thermal project deals
BHEL has secured two orders worth ₹7,000 crore from Adani Power to set up thermal power plants in Raipur and Mirzapur.
BHEL has secured two orders worth ₹7,000 crore from Adani Power to set up thermal power plants in Raipur and Mirzapur.
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BHEL has received an order worth ₹4,000 crore from Adani Power for setting up the 2x800 MW thermal power plant at Raigarh, Chhattisgarh.
According to the joint statement, Coal India will hold a 51% stake in the joint venture, while BHEL will own 49% shares in the entity.
The joint venture will set up an ammonium nitrate plant in Odisha through surface coal gasification technology.
The company will oversee the construction and commissioning of the unit, with the entire contract expected to be completed within 57 months.
The PSU will be setting up two projects through JVs involving an outlay of ₹24,834 crore.
According to the ministry of defence, the upgraded SRGM will be manufactured at BHEL's Haridwar plant.
According to BHEL, the company has secured the order for setting up the 2x800 MW supercritical thermal power project stage-II at Lara in Chhattisgarh.
India's 400 big and small public and private companies and space startups supplied vital parts for the whole mission.