BHEL gains 7% on emerging lowest bidder for NPCIL's Rs 10,800 cr tender

The company has emerged as lowest bidder for tender worth Rs 10,800 crore for fleet mode tender floated by Nuclear Power Corporation of India (NPCIL) for the 6x700 MW Turbine Island Package Projects.

Shares of Bharat Heavy Electricals Limited (BHEL) rallied 7 per cent to Rs 53.80 on the BSE in intra-day trade on Thursday after the company said it has emerged as the lowest bidder at Rs 10,800 crore for fleet mode tender floated by Nuclear Power Corporation of India (NPCIL) for its 6x700 MW Turbine Island Package Projects.

Notably, PHWRs (Pressurised Heavy Water Reactors) are the mainstay of the Indian Nuclear Power Programme and 12 out of 18 operating PHWRs of NPCIL are equipped with BHEL-supplied Steam Turbine Generator sets (10x220 MWe + 2x540 MWe) with the balance from Canada and