Alstom India gains after securing contract with BHEL - The New Indian Express

Alstom India gains after securing contract with BHEL

Published: 06th March 2014 11:19 AM

Last Updated: 06th March 2014 11:19 AM

Alstom India (AIL) shares gained on Thursday after it has been awarded a contract worth Euro 85 million by Bharat Heavy Electricals (BHEL) to supply two 800 MW supercritical boilers for Darlipalli super thermal power project (STPP) located in Sundergarh, in the State of Odisha (India).

This project forms part of NTPC's Bulk 800 MW tender. Under the scope of the contract, Alstom - the sole licensor for BHEL supercritical technology - will design the 800 MW supercritical boilers and supply identified pressure parts along with windboxes, pulverizers and airpreheater components.

Shares of the company are trading at Rs 361.00, up Rs 11.5, or 3.29% at the Bombay Stock Exchange (BSE) on Thursday at 10:05 a.m.The scrip has touched an intra-day high of Rs 363.90 and low of Rs 355.00. The total volume of shares traded at the BSE is 12,459.In the earlier session, the shares gained 6.65%, or Rs 21.8, at Rs 349.50.Currently, the stock is trading down 11.52% from its 52-week high of Rs 408 and above 26.67% over the 52-week low of Rs 285.

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