BHEL stock may flare up on NPCIL order
Fair Deal Filaments has fixed June 14 as record date for the proposed merger via absorption by Shahlon Silk Industries. In consideration of the amalgamation, Shahlon Silk Industries will issue and allot one equity share of the company to the shareholders of Fair Deal Filaments for every 0.90 shares held in the company. Shareholders wishing to participate in the amalgamation need to buy Fair Deal Filaments’ shares by Wednesday, as the stock will turn ex-date on Thursday. BHEL has bagged an order worth over ₹440 crore from Nuclear Power Corporation of India. The order is for erection work of the upcoming 2x1,000 MWe turbine generator (TG) island units 3 and 4 at the Kudankulam nuclear power project in Tamil Nadu. For the same project, BHEL has also emerged as the lowest bidder for erection of the reactor side equipment. Earlier, BHEL had successfully executed the erection work of TG island for units 1 and 2 at Kudankulam.