Shares of Bharat Heavy Electricals (BHEL), one of the largest engineering and manufacturing companies in India gained over 1% on Tuesday after the engineering firm has secured a prestigious order for a Steam and Power Plant from National Aluminium Company (NALCO). The estimated cost of the project is Rs 4,500 million.

The order has been placed on BHEL by NALCO for its 5 Stream Alumina Refinery Expansion Project at Damanjodi, Odisha.

BHEL's scope in the contract includes design, engineering, manufacturing, supply, erection, testing and commissioning of 1x300 TPH Coal Fired Boiler, 18.5 MW Steam Turbine Generator and associated auxiliaries, including FGD and SCR.

With this order, BHEL has not only maintained its track record of supplying all of NALCO's power plants, for both their Smelter plant (10x120 MW) at Angul and Alumina Refinery plant (5x18.5 MW) at Damanjodi, but will also be contributing to the Govt. of India's 'Make in India' initiative.

Shares of Bharat Heavy Electricals are trading at Rs 39.45, up Rs 0.45, or 1.15% at the Bombay Stock Exchange (BSE) on Tuesday at 11:15 a.m.

The scrip has touched an intra-day high of Rs 39.85 and low of Rs 38.60. The total volume of shares traded at the BSE is 2,036,991.In the earlier session, the shares fell 0.89%, or Rs 0.35, at Rs 39.

Currently, the stock is trading down 12.72% from its 52-week high of Rs 47.75 and above 105.47% over the 52-week low of Rs 19.20.