Bharat Heavy Electricals (BHEL) is set to win the order for boilers for the 1,600-mw Krishnapatnam power project of Andhra Pradesh Power Generation Corporation (APGENCO), reports Business Line.
It is understood, BHEL (Q, N,C,F)* beat the L&T-Mitsubishi Heavy Industries (MHI) joint venture to the order by a very slim margin. The order is valued at Rs 25 billion.
The final value of the contract is being worked out by the project consultants, because some adjustments would need to be made to the bid value. It is also learnt that the order is yet to be formally placed on BHEL, but now it is only a formality.
Shares of the company closed up Rs 103.7, or 7.43%, at Rs 1500.3. The total volume of shares at the BSE traded was 518,297 (Friday).
source:
http://www.myiris.com/newsCentre/newsPopup.php?fileR=20080707080655173&dir=2008/07/07&secID=livenews
Sunday, July 6, 2008
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