BHEL extends technology agreement with General Electric Technology GmbH Switzerland

BHEL has extended its Gas Turbines technology agreement with General Electric Technology GmbH Switzerland. BHEL in partnership with GE is the market leader for Gas Turbines in India.

With BHEL-GE partnership in place since 1986, BHEL has been manufacturing and supplying GE designed Gas Turbines in domestic as well as overseas market. Till date, BHEL has supplied about 230 GE design Gas Turbines to various oil refineries, process industries and utilities in India and to various customers worldwide. Under this extension agreement, BHEL has gained access and enhanced rights for existing, uprated and new Gas Turbine models.

As per the agreement, BHEL shall also be able to supply GTs with fuel blends viz. Hydrogen, Methanol, Syngas etc. and in hybrid configuration contributing further towards accelerating the energy transition in India.

Shares of Bharat Heavy Electricals Limited was last trading in BSE at Rs. 86.89 as compared to the previous close of Rs. 88.29. The total number of shares traded during the day was 978827 in over 3391 trades.

The stock hit an intraday high of Rs. 88.65 and intraday low of 86.65. The net turnover during the day was Rs. 85625886.00.

Source : Equity Bulls

Keywords

BharatHeavyElectricals INE257A01026 BHEL TechnologyAgreement GasTurbines GeneralElectricTechnologyGmbH