BHEL awards Rs 480.73 crore cryogenic air separation contract

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.5%Reaction day

₹360.00

prior close

₹394.95

announcement price

After-mkt

timing

Nifty Microcap 250market+1.0%+1.5% vs market

Industrial Gases peers, median of 5sector-0.9%+3.4% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 3.4 pts more than its Industrial Gases peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-4.4

10m

-6.3

15m

-5.9

30m

-6.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.5+1.0+1.5-0.9+3.4

Next day

-1.1+0.8-1.9+2.8-3.9

-5.2-0.5-4.6+1.9-7.0

-8.0-0.5-7.5+1.3-9.3

-2.8+0.8-3.5-0.2-2.5

+1.5+0.5+0.9-1.4+2.8

-3.3-2.0-1.4-2.9-0.4

15d

-12.8-6.4-6.4——

-11.1-5.9-5.2-5.9-5.3

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UpDownMarket · Nifty Microcap 250Sector · Industrial Gases peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ellenbarrie Industrial Gases has been awarded a Rs 480.73 crore contract by Bharat Heavy Electricals Limited (BHEL) to design, supply and erect a 1200 TPD Cryogenic Air Separation Unit on a turnkey basis. The unit will serve a Coal to Ammonium Nitrate (2000 TPD) project at Bandhabal, Jharsuguda, Odisha. The order is domestic, to be executed in 24 months, with no promoter or related party interest involved.

Likely market impact

Positive - large domestic order from a government PSU strengthens order book and revenue visibility over the next two years.