Bharat Heavy Electricals (BHEL) gained on Monday after the company bagged contract worth euro 16.96 million for rehabilitation of 3 units of Electrostatic Precipitators (ESPs) for the 430 MW Tuncbilek Thermal Power Project in Turkey on EPC (Engineering, Procurement & Construction) basis. The order envisages dismantling, supply, civil works and erection & commissioning of the Electrostatic Precipitators.

The order has been placed on BHEL by Electricity Generation Company which is the largest electric power company in Turkey. EUAS is owned by the Turkish government and it generates and supplies electricity throughout the country. Turkey has embarked on a renovation and modernization (R&M) programme of its old thermal power projects and the present contract is aimed at reducing the emission levels drastically.

Shares of the company gained Rs 6.45, or 2.49%, to trade at Rs 265.30. The total volume of shares traded was 177,483 at the BSE (12.27 p.m., Monday).

The scrip has touched an intra-day high of Rs 266.75 and low of Rs 259.60. The total volume of shares traded at the BSE is 177,483.

In the earlier session, the shares rose 0.6%, or Rs 1.55, at Rs 258.85.