Bhel gains after commissioning supercritical thermal plant

Bharat Heavy Electricals rose 1.12% to Rs 72.15 at 09:38 IST on BSE after the company announced that it has successfully commissioned a 800 MW thermal unit at Kothagudem Thermal Power Station.

The announcement was made on Saturday, 5 January 2019.

Meanwhile, the S&P BSE Sensex was up 231.15 points, or 0.65% to 35,926.25

On the BSE, 3.05 lakh shares were traded in the counter so far compared with average daily volumes of 10.67 lakh shares in the past two weeks. The stock had hit a high of Rs 72.95 and a low of Rs 72.10 so far during the day.

Bharat Heavy Electricals (Bhel) announced that the company has created a new benchmark of successfully commissioning a 800 MW thermal unit within a record time of 46 months. This is a marked improvement over the time taken in commissioning of 800 MW sets till date in the country by various developers. Following the successful commissioning in record time by Bhel, the power plant has attained commercial operation.

The 800 MW set has been commissioned at Kothagudem Thermal Power Station (KTPS) of Telangana State Power Generation Corporation (TSGENCO). Bhel has executed this project on Engineering, Procurement and Construction (EPC) basis, which includes design, engineering, manufacture, supply, civil works and erection & commissioning of Steam Turbines, Generators, Boiler and associated Auxiliaries and electricals, besides state-of-the-art controls & instrumentation (C&l), Electrostatic precipitators (ESPs) and Balance of Plant (BoP) packages.

Bhel's net profit rose 60.43% to Rs 185.17 crore on 3.74% increase in total income to Rs 6931.55 crore in Q2 September 2018 over Q2 September 2017.

Bhel is India's largest manufacturer of power generating equipment with an installed base of over 1,83,000 MW of power plant equipment globally. Bhel has so far contracted 57 sets of supercritical boilers and 50 sets of supercritical turbine generators from various customers, in domestic as well as overseas markets.

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