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Bhel starts another 600-mw thermal unit in Chhattisgarh

Bhel starts another 600-mw  thermal unit in Chhattisgarh
Bharat Heavy Electricals Ltd (BHEL) on Monday said it has commissioned another 600 MW unit of a thermal power project in Chhattisgarh. The unit was commissioned at Dainik Bhaskar Power Ltd’s (DBPL) upcoming 2x600 MW thermal power project located at Dhabra in Janjgir Champa district of Chhattisgarh, BHEL said in a statement.

This is the second unit of the power project, commissioned by BHEL, it added. The first 600 MW unit was commissioned by the company last year. BHEL’s scope of work in the contract envisaged design, engineering, manufacture, supply, erection and commissioning of steam turbines, generators and boilers, along with associated auxiliaries and electricals, besides controls and instrumentation and electro-static precipitators.

With a cumulative installed capacity of 11,40O MW, the share of BHEL stands at 68 per cent of the total installed capacity in the state. Meanwhile, Shares of Bharat Heavy Electricals Ltd (BHEL) rose by over 3 per cent as the company has commissioned another 600 MW unit of a thermal power project in Chhattisgarh.

BHEL’s shares closed up 2.98 per cent at Rs 241.85 on the BSE. During the day, it went up by 3.47 per cent to Rs 243. At the NSE, it climbed 3.26 per cent to Rs 242.25. In terms of volume, 4 lakh shares of the company changed hands at the BSE and over 40 lakh shares were traded at the NSE during the day.  In the broader market the BSE benchmark Sensex ended with a gain of 165.06 points at 29,044.44.

Meanwhile,  Government has shortlisted about a dozen PSUs including IOC, National Fertilizers, MMTC, Hindustan Copper and ITDC for stake sale to achieve the current fiscal’s disinvestment target of Rs 41,000 crore.

The Department of Disinvestment plans to divest 5-15 per cent government stake in these state-owned companies, and has already floated a draft Cabinet note to seek nod for stake sales in certain PSUs, sources said. As per the roadmap, 10 per cent stake each would be diluted in Engineers India Ltd (EIL), NALCO, NMDC and Indian Oil Corporation (IOC).

As much as 15 per cent stake would be up for sale in National Fertilizers Ltd (NFL), Hindustan Copper Ltd (HCL), India Tourism and Development Corp (ITDC), State Trading Corp (STC) and MMTC,
sources added.
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