KEC International, one of the leading power transmission equipment Company, has secured two contracts worth Rs 97.53 Crores from Power Grid Corporation of India.

New Delhi: The power sector will require Rs 10,31,600 crore investment in 2007-12 to add up generation capacity, in addition to producing and advancing transmission and distribution networks.

Bharat Heavy Electricals (BHEL) climbed up 3.42% to Rs 1771 on reports that it gained Rs 2900-crore agreement for constructing three 500-megawatt units in northern India.

In the meantime, the BSE Sensex was up 175.78 to 15,483.76 chasing firm international markets. Asian stocks also jumped accompanying a third session of gains on Wall Street, as troubles about worldwide credit problems continued to relieve.

On securing a Rs 1,829-crore order today, Bharat Heavy Electricals galloped about 8.61% to Rs 1,790.

Nearly 3.06 lakh shares had traded on the BSE counter.

In intra-day trade today, the Bharat Heavy Electricals (Bhel) stock also struck an record high of Rs 1,798 after it secured a Rs 1,829-crore order for fabricating and establishing three 500-MW thermal power units in Haryana.