Shares of BHEL surge after bagging Rs 7800 crore power project

Shares of Bharat Heavy Electricals (BHEL) gained 4.65 per cent on Thursday after the company won a Rs 7800 crore ($1.28 billion) contract for a power project.

The contract value is almost 7-8 per cent of its outstanding order book, said the dealers.

The shares of BHEL were trading at Rs 211.60 on Bombay Stock Exchange (BSE)a piece per scrip, up 9.65 points at 12:33pm.

(Reuters)