At 2:38PM, the 30-share Sensex is up 27 points 26,803 and the 50-share Nifty has gained 1 point at 8,018.

The state government would be entering into a memorandum of understanding with Bhel for the execution of 800-Mw Kothagudem and 1,080-Mw Manuguru thermal power plants.

At 11.45 Hrs, Sensex was trading at 27,139.04 with a 67.77 points loss while NIfty shows a decline of 21.50 points at 8,124.80.

The broader markets too gave up all of its early gains and were in red with the midcap index down 0.2% and the smallcap index down 0.04%.

In a statement on Thursday, BHEL said the Rs 3,536 crore order is to set up an 800 MW super critical thermal plant at Wanakbori in Kheda district.

“A letter of intent has been issued to BHEL which will develop the proposed solar plant. It will also operate and maintain the plant for a period ten years,” said an official of GEDCOL, the nodal agency for implmentation of renewable energy in the state.

The Indian Air Force would be finalising large ticket acquisitions of $20-22 billion, and as the proportion of Electronics is higher in Air Force orders, these deals would be important from BHEL’s perspective.

At 11:50AM, the 30-share Sensex was up 168 points at 26,808 and the 50-share Nifty was up 56 points at 8,010.

At 9.22am, the Sensex was trading up 0.52%, or 138.65 points, at 26,581.46 points, while the National Stock Exchange’s broader barometer 50-share Nifty was up 0.38%, or 29.95 points, at 7,934.70 points.

Minutes of a July meeting of an advisory group on integrated power development, headed by Suresh Prabhu, said, “NTPC’s performance was affected in recent years, and continues to be so, by the general situation of the coal shortage in the country. While this is true, it is also a fact that NTPC could develop the coal blocks allotted to it from 2004.”