BHEL and Hitachi Energy India have experienced a surge in their stock prices after being awarded a significant contract by the Power Grid Corporation of India. The contract involves the establishment of over 800 6000 MW HVDC terminal stations at Khavda Pooling Station-2 and Nagpur, with the aim of facilitating the transmission of renewable energy from Gujarat to Maharashtra.
Hitachi Energy India shares rose by 8.02% to Rs 12,595.45 on the NSE, while BHEL shares increased by 1.23%, trading at Rs 244.19. This contract is expected to boost Hitachi Energy's revenue and financial prospects, as the company currently has a backlog of Rs 8,910 crore.