Friday, August 29, 2008

BHEL bags big order from GVK Power

BHEL has clinched a contract worth Rs11.55bn for setting up 2x270 MW thermal power generating units at Goindwal Sahib coal plant in Punjab from GVK Power Ltd. The positive news is a welcome respite for BHEL stock which has being hammered down thanks to a volley of bad news of late.

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