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BHEL surges 7% after company emerges lowest bidder for NPCIL tender

Sumary of BHEL surges 7% after company emerges lowest bidder for NPCIL tender:

  • Shares of BHEL climbed 7 per cent on Thursday after the state-owned engineering firm emerged as the lowest bidder at Rs 10,800 crore for the supply of equipment for six 700 MW nuclear power projects of Nuclear Power Corporation of India…
  • “In an open competitive bidding process, Bharat Heavy Electricals 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 6×700 MW Turbine Island Package Projects,”..
  • With this tender, BHEL has retained its market leadership position of being the sole Indian supplier of nuclear steam turbines…
  • Pressurised heavy water reactors (PHWRs) are the mainstay of the Indian Nuclear Power Programme, and 12 out of 18 operating PHWRs of the NPCIL are equipped with the BHEL-supplied Steam Turbine Generator sets (10×220 MWe + 2×540 MWe) with the balance from Canada and Ukraine….

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