BHEL bags Rs 50.40 bn contract from Jindal Power

Bharat Heavy Electricals (BHEL) has secured a Rs 50.40 billion contract from Jindal Power for setting up 2,400 mw power plant in Chhattisgarh, reports Business Standard.

Under terms of the contract, BHEL would install four units of 600 mw each in O P Jindal super thermal power plant at Raigarh in Chhattisgarh.

BHEL`s scope of work in the contract includes designs, engineering, manufacture, supply and erection of boilers, turbines, generators and associated auxilliary.

Shares of BHEL closed down Rs 52.2, or 3.86%, at Rs 1,300.15. The total volume of shares traded at the BSE was 347,340 (Friday). - MyIRIS