Power equipment manufacturer Bharat Heavy Electricals (BHEL) announced that it has pocketed a deal linked to a thermal power project in West Bengal.

The scope of the deal, which is valued at Rs 3,220 crore, is for delivery and induction of the main facility package for the Sagardighi Thermal Power Project phase-II in the state of West Bengal.

The project has two sections of 500 MW each.

For this contract, BHEL's work would comprise design, engineering, production, supply, erection and commissioning of turbines, generators in addition to boilers.

BHEL would also be accountable for Controls & Instrumentation (C&I), Switchyard along with civil works for the main plant package.

BHEL stated, "Significantly, even though Stage-I of the power project is equipped with Chinese equipment, yet the customer has reposed confidence in BHEL's capabilities by opting to source equipment from BHEL for the extension project."

The deal was bagged under the International Competitive Bidding route.

Today, the stock of the company opened at Rs 2055 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2695 and a low of Rs 1989 on BSE.

Current EPS & P/E ratio stood at 104.65 and 20.01 respectively.