Bharat Electronics gains 3% on signing deal with NHPC for setting up solar manufacturing facility

23 Aug 2022 , 03:00 PM

NHPC and Bharat Electronics stocks in focus after the announcement of signing of Memorandum of Understanding (MoU) for solar equipment manufacturing facility.

At around 3:00 PM, NHPC Ltd is currently trading at Rs33.90 per share up by Rs0.1 or 0.3% from its previous closing of Rs33.80 per share on the BSE. However, Bharat Electronics was trading at Rs298.15 per share up by Rs9.05 or 3.13% from its previous closing of Rs289.10 per share on the BSE.

According to the filing, a Memorandum of Understanding (MoU) has been signed between NHPC Limited and Bharat Electronics Limited (BEL) today i.e. August 23, 2022 for setting up of Giga Watt Scale Vertically Integrated Solar manufacturing unit. 

Accordingly, the MoU was signed by Biswajit Basu, Director (Projects), NHPC and Vinay Kumar Katyal, Director (Bangalore Complex), BEL.