“We are pleased to inform that Welspun Specialty Solutions Limited (WSSL) has been notified as L1 bidder by Bharat Heavy Electricals Ltd (BHEL, Trichy) for supply of approx 4,050 tons of Stainless steel Seamless Boiler Tubes for series of Super critical Thermal Power Projects. Formal contract will be released after internal approval process at BHEL,” according to a stock exchange filing.
Also Read: BHEL slumps 5% after a $3.1 million arbitration claim by Ducon Technologies
The contract, valued at approximately ₹231.77 crore (excluding GST), will be formally awarded following BHEL’s internal approval process. WSSL secured the bid after undergoing a stringent assessment and approval process.
“WSSL had participated in the said tender after stringent assessment and subsequent approval by BHEL. The total supply contract value will be Rs 231.77 Crores (excluding GST),” it added.
Shares of Welspun Specialty Solutions Ltd ended at ₹29.99, down by ₹1.57, or 4.97%, on the BSE.
Also Read: BHEL an example of ‘extreme overvaluation’, says Sanjeev Prasad of Kotak