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BHEL secures ₹2800 crore contract for syngas purification plant

pre-market1 source ↓written by the desknot a recommendation

contract from Bharat
₹2800 crore
Awarded
10 Feb 2026

Bharat Heavy Electricals Limited (BHEL) has received a ₹2800 crore contract from Bharat Coal Gasification and Chemicals Limited (BCGCL) for a Syngas Purification Plant. Awarded on 10 Feb 2026, this project is part of BCGCL's Coal to 2000 TPD Ammonium Nitrate initiative in Odisha.

This contract underscores BHEL's expertise in coal gasification technology, potentially boosting its order book and market sentiment in the energy sector. ⚡

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 11 Feb 2026, 07:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

BHEL closed −5.6% on the day of the news, from ₹276.10 to ₹260.65; Nifty +0.1% over the same session; futures OI +33.7%.

Bulletin at 07:04 IST on 11 Feb 2026. Every change is measured from ₹276.10, the last close before it, on 10 Feb. Nifty 50 is measured over the same sessions.

  • BHEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
BHEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it241.64276.10310.56axis spans 29%before the news · 10 Feb276.10Nifty 50BHELbulletinD0+1+3+54 Feb16 Feb25 FebFutures open interest, lotspeak 48,000Reference close ₹276.10. 16 sessions from 4 Feb to 25 Feb; the price axis spans 29 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before10 Feb₹276.10basebase
On the day11 Feb₹260.65▼ −5.6%▲ +0.1%−5.7 pp difference
+1 session12 Feb₹260.60▼ −5.6%▼ −0.5%−5.1 pp difference
+3 sessions16 Feb₹262.50▼ −4.9%▼ −1.0%−4.0 pp difference
+5 sessions18 Feb₹261.60▼ −5.3%▼ −0.5%−4.8 pp difference
Gap at the open, % · ₹
▼ −5.1%−14.19 on 11 Feb
Day's range, % · ₹
1.7%≈ 4.6 high to low
Volume on the day
8.86×the 20-session average
Futures OI on the day
▲ +33.7%+9,900 lots · short build-up · price −5.6%
Futures OI open, lots
39,00011 Feb · 24 Feb expiry
Futures premium, ₹
+0.050.0% to spot
Puts per call, by OI
0.48from 0.56 the session before
Max pain
260from 265 the session before

Source NSE UDiFF bhavcopy · BHEL on the desk →

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