01:25pm
BHEL in News: Bharat Heavy Electricals (BHEL) has successfully commissioned
another 600 MW thermal unit in Chhattisgarh. The unit was commissioned at
Dainik Bhaskar Power (DBPL)'s upcoming 2x600 MW thermal power project located
at Dhabra in Janjgir Champa district of Chhattisgarh, said BHEL in its filing.
This
was the second unit of this power project, commissioned by BHEL. The first 600
MW unit was successfully commissioned by the company in 2014.
BHEL's
scope of work in the contract envisaged design, engineering, manufacture,
supply, erection and commissioning of steam turbines, generators and boilers,
along with associated auxiliaries and electricals, besides state-of-the-art
controls & lnstrumentation (C&l) and electrostatic precipitators
(ESPs).
It
has been a partner in the power development programme of the state of
Chhaftisgarh. With a cumulative installed capacity of 11,40O MW, the share of
BHEL stood at 68 percent of the total installed capacity in the state.
01:00pm
Market Check
The
market continued to maintain its uptrend with only Auto index in red. The
Sensex is up 91.66 points or at 28971.04 and the Nifty is up 29.20 points
at 8809.55. About 1644 shares have advanced, 936 shares declined, and 177 shares
are unchanged.
GAIL
is still down 3 percent while M&M, Hindalco, Dr Reddy's Labs and Tata
Motors are among the laggards. BHEL, Bharti Airtel, L&T, Coal India
and Tata Power are top gainers in the Sensex.
Realty
stocks are seeing good buying interests after State Bank of India and Housing
Development Finance Corporation cut home loan interest rates with effect from
today. The country's largest lender has reduced interest rates on home loans
for new borrowers by 25 basis points (bps) to 9.9 percent and for women
borrowers, the revised rate would be at the base rate of 9.85 percent.
Crude
Oil futures rose by 0.53 percent to Rs 3,237 per barrel as speculators created
fresh positions amid a better trend in Asia.
The
oil for delivery in May also moved up by Rs 14, or 0.42 per cent, to Rs 3,368
per barrel, with a business volume of 312 lots. Traders attributed the rise in
crude oil futures to a better trend in Asia, extending last week's gains but
the persistent global supply glut will likely cap advances.
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