BHEL bags order for hydro power project in Nepal
The order will also provide a fillip to the company’s focus on globalization as a driver for growth.
BHEL has secured an order for executing 900 MW Arun-3 Hydroelectric Project from SJVN Arun-3 Power Development Company (SAPDC), Nepal. Notably, once completed, this will be the largest hydropower project in Nepal.
It is located in the Sankhuwasabha district, this project will substantially enhance Nepal’s present installed power capacity and will contribute significantly to Nepal’s vision of utilising its vast hydro potential for accelerated economic development.
The stock is currently trading at Rs88.60, up by Rs0.85 or 0.97% from its previous closing of Rs87.75 on the BSE.
This prestigious order is a testimony to BHEL’s proven technological prowess in executing power projects of this magnitude. The order will also provide a fillip to the company’s focus on globalization as a driver for growth.
The order valued at Rs536cr, the order envisages design, engineering, manufacturing, supply, erection and commissioning of electro-mechanical equipment involving supply of four Vertical Francis Turbines and Generator sets, each rated 225 MW.
BHEL is currently executing hydro projects of over 2,700 MW capacity in the country and 2,940 MW in Bhutan, which are under various stages of implementation, demonstrating our commitment to promote clean and renewable energy in India and in subcontinent around India.
The scrip opened at Rs89 and has touched a high and low of Rs89.55 and Rs88.45 respectively.\