Bharat Heavy Electricals (BHEL), an integrated power plant equipment manufacturer, witnessed a rise in share price on Friday after the company has successfully commissioned the second 500 MW unit at Tuticorin Thermal Power Station (TPS). The first 500 MW unit of the project was commissioned by BHEL on 10th March, 2015.
Tuticorin TPS has been set up by NLC Tamil Nadu Power (NTPL), a joint venture of Neyveli Lignite Corporation (NLC) and Tamil Nadu Generation and Distribution Corporation (TANGEDCO). The project is situated near the Thoothukudi (Tuticorin) port on the shore of the Bay of Bengal.
Shares of the company are trading at Rs 269.05, up Rs 4.7, or 1.78% at the Bombay Stock Exchange (BSE) on Friday at 12:11 p.m.
Total volume of shares traded on the bourses today was lower by 13.09% to 2,659,231 compared with 22-day average volume of 3,059,595.