BHEL Surges 5% On Supreme Court Relief For Ennore Power Project

Shares of BHEL rallied as much as 5.46 per cent to hit intraday high of Rs 143.65 after the Supreme Court allowed appeal against Madras High Court's stay over construction of Ennore SEZ Supercritical Thermal Power Project. BHEL had won a contract in October 2014 worth Rs 7,800 crore from Tamil Nadu Generation and Distribution Corporation (TANGEDCO) for setting up 2X660 megawatt thermal power plant on engineering, procurement and con...