Bharat Heavy Electricals (BHEL) witnessed a sharp rise in share price on Thursday after the company has achieved 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.

Shares of the company are trading at Rs 208.85, up Rs 6.9, or 3.42% at the Bombay Stock Exchange (BSE) on Thursday at 9:28 a.m.

The scrip has touched an intra-day high of Rs 210.25 and low of Rs 208. The total volume of shares traded at the BSE is 138,474.