BHEL Clarifies On Rs 19,400-Crore Order Win, Says Bid Submission Doesn't Result In Win
Bharat Heavy Electricals Ltd. has clarified that it still has not bagged the order worth Rs 19,400 crore from NLC India Ltd.
The company had submitted a price bid for the mentioned NLC order, which is an "activity in the normal course of business", the company said in its exchange filing.
"Submission of bid does not result into automatic bagging of an order," it said.
According to media reports, NLC India awarded the contract for the Talabira Power Plant in Odisha worth Rs 19,400 crore to BHEL. It also said that BHEL was the only bidder in the last round for the three ultra supercritical units at Talabira.
The Talabira project consists of three 800-MW ultra supercritical power projects. Coal to fuel the power plant will be sourced from the captive Talabira coal mines.
The company has not been withholding any information which may have a bearing on the operation/performance, BHEL said.
Shares of Bharat Heavy Electricals rose over 5% after the media reported that it won bids for the Talabira power project.
Shares of BHEL closed 2.38% higher at Rs 198.15 apiece on the NSE, while NLC India closed 1.28% lower at Rs 250.2 apiece. This compares with a 0.05% advance on the benchmark Nifty 50.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
