BHEL and Hitachi Energy India stocks surged after their consortium secured a contract from the Power Grid Corporation of India for establishing over 800 high voltage direct current (HVDC) terminal stations, facilitating renewable power evacuation from Gujarat to Maharashtra. Hitachi Energy is currently experiencing its highest backlog of ₹8,910 crore, ensuring strong revenue visibility for the next 24-26 months. As of 9:15 am, Hitachi Energy shares rose by 8.02% to ₹12,595.45, while BHEL shares increased by 1.23% to ₹244.19.