Published On:July 24 2024
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NTPC, BHEL Gain Ground Following Union Government's Hi-Tech Thermal Plant Announcement.

NTPC and Bharat Heavy Electricals (BHEL) saw gains in trading today following the Union Government's announcement that the two companies will establish a full-scale 800 MW commercial plant using Advanced Ultra Supercritical (AUSC) technology.

On the Bombay Stock Exchange (BSE), NTPC's shares rose by 2.15% to ₹381.60, while BHEL's stock increased by 1.25% to ₹308.70.

The AUSC technology, developed indigenously through a consortium that includes BHEL, Indira Gandhi Centre for Atomic Research, and NTPC, has reportedly cost the central government ₹1,554 crore to develop.

Union Finance Minister Nirmala Sitharaman stated, "The government will partner with the private sector to establish small reactors. The joint venture between NTPC and BHEL will set up the 800 MW plant using AUSC technology, with the government providing necessary fiscal support."

Sitharaman is delivering the first Union Budget of the Modi 3.0 government during the Monsoon Session of Parliament, marking her seventh consecutive budget presentation.

BS





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