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Bharat Heavy Electricals Ltd. (BHEL) on Thursday, April 9, said it has signed a technology collaboration agreement (TCA) with South Korea’s E2S Company Ltd. to strengthen its capabilities in excitation systems for synchronous machines.
The agreement covers static excitation systems (SEE) and brushless excitation systems (AVR), the company said in an exchange filing.
Under the collaboration, BHEL will be able to design, engineer, manufacture, install, commission, service and retrofit excitation systems for synchronous machines across domestic and international markets.
The company said the partnership is expected to enhance its technological capabilities and help maintain a competitive edge in the excitation systems segment.
The agreement will also support BHEL’s participation in global markets while contributing to the government’s ‘Make in India’ initiative, it added.
Shares of the company rose around 5% today, extending gains for the third consecutive session . The rally comes after CNBC-TV18 reported that the company has emerged as the lowest bidder for a project worth nearly ₹10,300 crore related to the Odisha Genco thermal power expansion, taking its L1 pipeline to around ₹40,000 crore.
The stock is also benefiting from renewed optimism around India’s nuclear power push, after the Kalpakkam Prototype Fast Breeder Reactor achieved first criticality.
BHEL is seen as a key beneficiary given its capabilities in nuclear steam generators and turbine systems, with India targeting 100 GW of nuclear capacity by 2047.
Shares of the company were trading 4.41% up at ₹277.43 as of 1.18 pm. The stock has gained 16% in the last six months, while delivering about 31% returns over the past year.
The agreement covers static excitation systems (SEE) and brushless excitation systems (AVR), the company said in an exchange filing.
Under the collaboration, BHEL will be able to design, engineer, manufacture, install, commission, service and retrofit excitation systems for synchronous machines across domestic and international markets.
The company said the partnership is expected to enhance its technological capabilities and help maintain a competitive edge in the excitation systems segment.
The agreement will also support BHEL’s participation in global markets while contributing to the government’s ‘Make in India’ initiative, it added.
Shares of the company rose around 5% today, extending gains for the third consecutive session . The rally comes after CNBC-TV18 reported that the company has emerged as the lowest bidder for a project worth nearly ₹10,300 crore related to the Odisha Genco thermal power expansion, taking its L1 pipeline to around ₹40,000 crore.
The stock is also benefiting from renewed optimism around India’s nuclear power push, after the Kalpakkam Prototype Fast Breeder Reactor achieved first criticality.
BHEL is seen as a key beneficiary given its capabilities in nuclear steam generators and turbine systems, with India targeting 100 GW of nuclear capacity by 2047.
Shares of the company were trading 4.41% up at ₹277.43 as of 1.18 pm. The stock has gained 16% in the last six months, while delivering about 31% returns over the past year.
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