BHEL gains momentum on order wins, block deal

MUMBAI: Shares of capital goods major BHEL moved higher in a weak market on strong volumes after a block deal and hugh order win. The company has bagged a contract worth Rs 7,900 crore related to 1,980 MW thermal power project in Jharkhand. The contract, won through international competitive bidding, is for NTPC's 1,980 MW North Karanpura super thermal power project. "This would increase BHEL's backlog by 7 per cent. The work will be completed in next five years. However, we ar .. Source :  http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/bhel-gains-momentum-on-order-wins-block-deal/articleshow/31322565.cms