BHEL stock may flare up on NPCIL or­der

The Hindu Business Line - - MARKET RADAR -

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.

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