BHEL dispatches consignment to Mahan Aluminium

The Tiruchirappalli unit of Bharat Heavy Electricals (BHEL) dispatched the first consignment of foundation material to Mahan Aluminium in Singrauli district of Madhya Pradesh, reports Business Standard. BHEL had bagged the captive power plant order in two parts from Hindalco for setting up 12 sets of 150 Mw units at Mahan Aluminium and Aditya Aluminium in Sambalpur district of Orissa, valued at Rs 40.15 billion. These captive power plants of 900 Mw each are key to the expansion plans of Hindalco, which is setting up aluminium smelters of 360,000 tons per annum each at both these locations. Shares of the company closed up Rs 13.9, or 0.62%, at Rs 2,239.75. The total volume of shares traded at the BSE was 123,062 (Tuesday).