Hindalco Industries placed an order with Bharat Heavy Electrical (BHEL) for between Rs 1,200 and Rs 1,500 crore. The order victory is for the implementation of a two-unit, 150-megawatt BTG package at the state-owned company’s Aditya Aluminum factory in Lapanga, Sambalpur district, according to a BSE announcement.
Under the contract, the BTG package will be designed, engineered, manufactured, supplied, installed, commissioned, and tested for performance acceptability. The scope also covers performance acceptance testing, erection, storage, unloading, and delivery up to the site. Civil works are not included under the terms of the contract.
Under the Ministry of Heavy Industries, BHEL is a major power equipment manufacturer worldwide and one of India’s biggest engineering and manufacturing companies in the energy and infrastructure sectors. The company offers players in the power, transmission, transportation, renewable energy, water, defense and aerospace, oil and gas, and other industries a wide range of products, systems, and services.
BHEL’s share price intraday high was 2.22% above the previous close. Over the last six months, the stock has increased by 13.11%. Hindalco Industries’ stock price reached an intraday peak of 1.51% from the previous closing. Over the last six months, the stock has increased by 40%.
