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BHEL shares up 3.5% on Power Grid order for Gujarat synchronous condensers

Reported by: Business Standard, CNBC TV18, Financial Express ·

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Bharat Heavy ElectricalsPower Grid

Summary

CNBC TV18 reported that BHEL shares rose 3% after the company won a second order from Power Grid in a week, worth up to ₹900 crore. Financial Express reported the same order value and said it is for a Gujarat renewable energy project. CNBC TV18 said the work covers design, engineering, manufacturing, supply, erection, testing and commissioning of two synchronous condensers rated +300/-200 MVAR. A synchronous condenser is a rotating machine that helps steady voltage on the power grid, which matters more as renewable power, such as solar and wind, is added. MVAR is a unit of reactive power, the kind of power used to hold voltage steady rather than to run appliances. The reports do not give the order's duration or the share of BHEL's annual revenue it represents.

AI summary of what CNBC TV18 and Financial Express reported. AI can make mistakes. Read the full story on CNBC TV18

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Average tone +1 across 3 outlets. Their headlines lean positive.

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Business Standard  · · Tone +1

BHEL shares up 3.5% on Power Grid order for Gujarat synchronous condensers

BHEL has received a Notification of Award from Power Grid Corporation of India, for setting up two synchronous condensers of +300/-200 MVAR capacity at Kalyanpur in Gujarat

Financial Express  · via Google News · · Tone +1

BHEL bags up to Rs 900 cr Power Grid order for Gujarat renewable energy project

CNBC TV18  · · Tone +1

BHEL shares gain 3% after bagging second Power Grid order in a week worth up to ₹900 crore

Bhel's latest order wins involve the design, engineering, manufacturing, supply, erection, testing and commissioning of two +300/-200 MVAR synchronous condensers.

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When each outlet reported it

The first outlet to publish, then the others, with the gap after the first report.

  1. Financial Express ·

    First report

  2. CNBC TV18 ·

    12 min after the first report

  3. Business Standard ·

    51 min after the first report

Earlier coverage

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