Declared L1 bidder for BHEL order worth Rs 38.70 cr

Govt Defence OrderBusiness Updates View source PDF Explain this filing

PANCHMAHQ · price

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Price reaction · full curve 14 horizons · vs prior close

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₹295.00

prior close

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AI summary

Panchmahal Steel has been declared the Lowest Bidder (L1) on the GeM portal for an order from Bharat Heavy Electricals Limited (BHEL) to supply SS Wire to BHEL Boiler Auxiliaries Plant, Ranipet. Order value is about Rs 38.70 crores all inclusive. Award is subject to BHEL issuing the Letter of Award. Order is domestic and not a related party transaction.

Likely market impact

Positive if LoA is received. Rs 38.70 cr PSU order strengthens order book. Final award from BHEL still pending.