The project, awarded by Power Grid Corporation of India Ltd (PGCIL), would help transport renewable energy from Khavda in Gujarat.
NTPC issued a Limited Notice to Proceed (LNTP) to BHEL, allowing the company to begin the initial engineering phases of the main plant package.
However, India's largest insurance provider, Life Insurance Corporation of India (LIC), reduced its investment during the quarter to 6.72%.
According to BHEL, this agreement advances India's electricity infrastructure while also reinforcing the company's leadership in the field.
The 2x800 MW Koderma Supercritical Thermal Power Project (STPP) was awarded through International Competitive Bidding (ICB), the company announced.
Under the contract, BHEL will handle the Engineering, Procurement, and Construction (EPC) of the power station.
Here are some of the stocks that may see significant price movement today: UltraTech Cement, ICICI Bank, Punjab National Bank, etc.
NTPC commissioned India's first Ultra Supercritical Power Plant in Madhya Pradesh, with a capacity of 660 MW, in 2019.
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