BHEL stock up 3% as 800 MW thermal plant goes operational

Shares of BHEL settled with gains of over 3 per cent today following the launch of commercial operations of the power equipment maker’s first 800 MW unit of a supercritical thermal plant. The BHEL scrip settled at Rs. 166.45, up 3.13 per cent, on BSE. It opened at Rs. 162.70 and touched intra-day high of Rs. 167.50. The stock ended the day on NSE at Rs. 166.70, up 3.32 per cent. After opening at Rs. 162, it touched a high of Rs. 167.85 during the intra-day trade. The market capitalisation of the company increased by 3.13 per cent to Rs. 40,740.30 crore on BSE. “The milestone was achieved for the first unit of the 2x800 MW Yeramarus thermal power station of Raichur Power Corporation Limited (RPCL), in Raichur district of Karnataka,” BHEL said in a statement. BHEL said it completed this state-of-the-art supercritical project on turnkey basis. It also marked BHEL’s foray as a developer of power generation. ref: http://www.thehindubusinessline.com/companies/bhel-stock-up-3-as-800-mw-thermal-plant-goes-operational/article9585527.ece