In the meantime, the shares of Hitachi Vitality India surged 9.18% to Rs 12,736.20 on the BSE.
“A consortium of M/s Bharat Heavy Electricals Restricted (BHEL) and M/s Hitachi Vitality India Restricted has been awarded the contract for institution of + 800, 6000MW Excessive Voltage Direct Present (HVDC) terminal stations at Khavda Pooling Station-2 (KPS2) (HVDC) & Nagpur (HVDC) for evacuation of renewable energy from Khavda area in Gujarat to Nagpur in Maharashtra,” mentioned firm in a submitting to the exchanges.
The challenge includes the designing and execution of the + 800kV, 6,000 MW, 1,200km Excessive Voltage Direct Present (HVDC) terminal stations to evacuate renewable vitality from Khavda in Gujarat to Nagpur in Maharashtra.
Energy Grid Company of India secured Khavda Part V: Half A Energy Transmission, the first-ever HVDC challenge tendered via a tariff-based aggressive bidding (TBCB) course of and subsequently chosen Bharat Heavy Electricals Restricted and Hitachi Vitality India Ltd for the implementation of bi-directional parallel HVDC bipoles and related AC substations for energy evacuation.
This challenge is a part of the interstate transmission system (ISTS) for evacuating 8GW of renewable vitality below Part V: Half A from the Khavda Renewable Vitality Zone in Gujarat, feeding into the nation’s 500GW renewable evacuation & transmission plan. BHEL additionally knowledgeable that the challenge is more likely to be accomplished by 2029.Additionally learn: Vedanta seeks as much as $1.2 billion by way of bonds to refinance debt
The shares of BHEL closed 3% increased at Rs 241.45 on the BSE on Monday.
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