Bharat Heavy Electricals (BHEL) has achieved another prestigious contract for setting up a 1,320 MW supercritical thermal power project on EPC (Engineering, procurement & construction) basis from Tamil Nadu generation and distribution corporation (TANGEDCO).

Valued at around Rs 78 billion, the order for setting up a 2x660 Mw coal-fired supercritical thermal power project at Ennore SEZ in Tamil Nadu, has been won by BHEL against International Competitive Bidding (lCB), which was open to a qualified domestic and foreign bidders and included debt financing by the bidder.

With this, TANGEDCO has reposed confidence in BHEL's proven technological excellence as also its capability in executing power projects of this magnitude on EPC basis. Significantly, this power plant will be constructed on a reclaimed ash pond, calling for specialised civil design, utilising an otherwise barren land.

Shares of the company gained Rs 4.15, or 2.1%, to settle at Rs 201.95. The total volume of shares traded was 636,972 at the BSE (Wednesday).