The largest power generation PSU, National Thermal Power Corporation Ltd (NTPC) has announced that the corporation has inked a MOU with Bharat Forge Ltd.

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.