Indian state-owned engineering company BHEL has signed contracts worth up to 280 billion rupees ($3 billion) to supply equipment to Eden Power, Bloomberg reports. The orders cover four energy projects, each with two 800 MW power units, and include the supply of boilers, turbines, generators and auxiliary machinery. Following the news, BHEL shares rose 6.3%, the highest gain in six months.

Indian state-owned engineering company BHEL has signed contracts worth up to 280 billion rupees ($3 billion) to supply equipment to Eden Power, Bloomberg reports. The orders cover four energy projects, each with two 800 MW power units, and include the supply of boilers, turbines, generators and auxiliary machinery. Following the news, BHEL shares rose 6.3%, the highest gain in six months.