Rajasthan order lifts Bharat Heavy Electricals

DALAL STREET SPIKES

Bharat Heavy Electricals (Bhel) on Tuesday surged 5.07 per cent to close at Rs 1,586 after the company said it had bagged a Rs 990-crore order from the Rajasthan Rajya Vidyut Nigam for setting up a 500-MW thermal power plant in Rajasthan.

Bhel has earlier supplied thermal sets totalling 2,750 MW to the Rajasthan corporation in the past. The stock hit an intra-day high of Rs 1,621 and a low of Rs 1,430. The total shares that changed hands on BSE were 6,23,413 vis-à-vis two-week average of 5,25,806 shares.