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.
Karnataka Power Corporation Ltd (KPCL) and Bhel are the main equity partners of RPCL, the owner and operator of this power plant.
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