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BHEL shares zoom 10 pc on bullet train boost

Press Trust of India  |  New Delhi 

of today surged over 10 per cent in intra-day trade after Japanese Prime Minister Shinzo Abe said the company and Kawasaki Heavy Industries will make carriages for the bullet train from to

The stock soared 9.99 per cent to Rs 145.80 during the day on It finally closed at Rs 137.40, up 3.66 per cent.

At NSE, of the company zoomed 10.20 per cent to Rs 145.85 in intra-day trade. The stock later ended 3.4 per cent higher at Rs 136.85.

The company's market valuation also rose by Rs 1,188.02 crore to Rs 33,630.02 crore.

In terms of equity volume, 46.89 lakh of the company were traded on and over 5 crore shares changed hands at during the day.

The countdown to India's first bullet train from to began today with Prime Minister Modi and his Japanese counterpart Shinzo Abe launching the Rs 1.10 lakh crore project.

and Kawasaki Heavy Industries Ltd will make rolling stock for the Mumbai-bullet train, Abe said in his speech.

State-run engineering firm had in June entered into an agreement with Kawasaki Heavy Industries Ltd (KHI), Japan, to produce stainless steel coaches and bogies for metro rail.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, September 14 2017. 21:57 IST