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Bharat Heavy Electricals reply to clarification sought by the exchange

12 Apr 2016 Evaluate

The Exchange had sought clarification from Bharat Heavy Electricals with respect to news article appearing in The Economic Times on April 11, 2016 titled ‘NTPCs Bangla JV Awards EPC Contract to Bhel for $2.4 b’, Bharat Heavy Electricals replied stating  that the contract for the subject project (2x660 MW Maitree Power Project in Bangladesh) is yet to be signed. The financial closure is under process. BHEL has neither issued a Press Release nor communicated the subject information to media persons.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Bharat Heavy Elect. 419.00
Zetwerk Manufactur 165.00
Thermax 2743.85
Kirloskar Industries 3408.50
Skipper 517.80
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