BHEL Surges Over 7% On Emerging As Lowest Bidder For Nuclear Power Project

BHEL, the state-owned engineering firm emerged as lowest bidder for the supply of equipment for 6x700 MW nuclear power projects of Nuclear Power Corporation of India

BHEL shares soared more than 7 per cent in early trading after the state-owned engineering firm emerged as lowest bidder for the supply of equipment for 6x700 MW nuclear power projects of Nuclear Power Corporation of India. At 10:45 am, the shares of BHEL were trading at Rs 52.15, up 4 per cent, on the BSE. "In an open competitive bidding process, Bharat Heavy Electricals Ltd (BHEL) has emerged as the lowest bidder (Rs 10,800 crore) for the fleet mode tender floated by Nuclear Power Corporation of India Ltd (NPCIL) for the 6x700 MW nuclear power projects of Nuclear Power Corporation of India, "BHEL said inj a regulatory filing to the stock exchanges. BHEL has thus retained its market leadership position of being the sole Indian supplier of nuclear steam turbines.