Thu. Oct 17th, 2024

BHEL and NTPC Shares Surge 3% Following FM’s PSU Partnership Announcement*

BHEL and NTPC Shares Surge 3% Following FM’s PSU Partnership Announcement*

BHEL and NTPC Shares Surge 3% Following FM’s PSU Partnership Announcement*

Shares of PSU giants BHEL and NTPC soared nearly 3% to Rs 314.25 and Rs 385, respectively, after Finance Minister Nirmala Sitharaman announced a strategic partnership between the two companies under the Energy Security Scheme in the Union Budget.

 

 

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BHEL and NTPC Shares Surge 3% Following FM's PSU Partnership Announcement*
BHEL and NTPC Shares Surge 3% Following FM’s PSU Partnership Announcement*

 

On Tuesday, Sitharaman revealed that NTPC and BHEL will collaborate to establish an ultra-critical thermal power plant using Advanced Ultra-Supercritical (AUSC) technology, promoting energy security—one of the nine key priorities outlined in the Budget.

Also Read*Union Budget 2024 LIVE Updates: FM Sitharaman Announces Revisions to New Tax Regime, Plans to Review Income Tax Act*

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