NTPC hits all-time high, BHEL at 52-week high after PSUs sign Rs 9,500 cr order

NTPC hit an all-time high while BHEL raced to a 52-week high on BSE on Wednesday (March 6, 2024) after the latter got an order from the former for setting up a thermal power station in Sonebhadra District, Uttar Pradesh. Zee Business was the first to report about the deal between PSUs.

NTPC share price

National Thermal Power Corporation hit an all-time high of Rs 360.35 in morning deals on BSE on Wednesday.

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The stock closed the trading session on Wednesday down by 1.79 per cent, or Rs 6.40, at Rs 351.85.

Closing trading at Rs 358.25 a day ago, the stock of the PSU started the session on Wednesday at Rs 360.35, which turned out to be its all-time high.

The stock's low for the day is Rs 344.90.

BHEL Share Price

Bharat Heavy Electricals Limited rose to a 52-week high of Rs 271.90 in the morning session.

After closing trading on Tuesday at Rs 264.90, it began its journey on Wednesday at Rs 270.60 to jump to the day's high of Rs 271.90, a 2.64 per cent rise from the previous close.

The stock of the PSU, however, closed trading down by 3.66 per cent, or Rs 9.70, at Rs 255.20 on Wednesday.

What is BHEL's order from NTPC?

BHEL said on Tuesday that it had received an order from NTPC for setting up the Singrauli Super Thermal Power Project, Stage-III (2x800 MW), in the Sonebhadra district, Uttar Pradesh.
As per BHEL, the order comprises-

1. The supply of equipment- boiler, turbine, generator, and associated auxiliaries along with electrical and C&I, balance of plant packages, etc.

2. Erection & Co

3. Civil works

The duration of the completion of facilities (COF) for unit 1 is by 50 months, and for Unit 2, it is by 54 months.

The size of the order is more than Rs 9,500 crore excluding GST, BHEL said.