Country's largest power generation and other heavy equipment maker, Bharat Heavy Electricals (BHEL) has informed that it has secured an order worth Rs 3,150-crore contract from the Madhya Pradesh Power Generating Company for installing main plant package (steam turbines and generators).

It should be noted that this is the first order secured by BHEL for the new-rating units of 600 MW.

The company's scope of work in the contract includes design, engineering, manufacture, supply, erection and commissioning of Steam Turbines, Generators, Boilers and associated Auxiliaries, including Transformers, in addition to civil works for the main power block.

The first set is scheduled to go on stream in 3 years, while the second set will be commissioned in 43 months (over 3 three years) from the date of contract, a company official stated.

Presently, Market watchers are considering BHEL stock as a safe bet in ongoing volatile scenario. They expect that the stock has been capable of delivering return of
10-25% within a year.

The scrip of the company settled on Friday at Rs 1365. During intraday session. The equity shares touched an intraday high and low of Rs 1385 and Rs 1347 respectively.