State-owned BHEL on Thursday said it has secured an order from Bharat Coal Gasification and Chemicals Limited for coal gasification and raw syngas cleaning facilities for coal-to-ammonium nitrate project at Jharsuguda, Odisha. Bharat Coal Gasification and Chemicals Limited (BCGCL) is a joint venture company of Bharat Heavy Electricals Limited (BHEL) and Coal India Ltd (CIL). The order covers engineering, procurement, construction, commissioning and performance guarantee of the coal gasification and raw syngas cleaning facilities, which form the core process units of the integrated chemical complex. The scope of work includes the gasifier and associated auxiliaries, steam generation plant, air separation unit, coal and ash handling systems, and cooling tower facilities. The project will deploy BHEL's in-house developed Pressurised Fluidised Bed Gasification (PFBG) technology and marks its first commercial-scale application.
Policy overhang limits near-term stock performance
At 03:13 PM; the BSE Capital Goods index was down 2.3 per cent, as compared to 0.91 per cent decline in the BSE Sensex.
BHEL stock is well placed to gain from the need for building base load thermal coupled with strong revenue visibility in the medium term, believe analysts.
At 01:37 PM; the BSE CPSE index was up 1.83 per cent, as compared to 0.58 per cent rise in the BSE Sensex on Friday.