31 March 2011

BHEL secures `5,450cr contract from Bajaj Group- Angel Broking,

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BHEL secures `5,450cr contract from Bajaj Group
BHEL has been awarded the main plant package contract for three coal-fired thermal units
of 660MW each with supercritical parameters. The order is placed by Lalitpur Power
Generation Company Ltd., a Bajaj Group company, for setting up the 1,980MW Lalitpur
Supercritical Thermal Power Station in Uttar Pradesh. We continue to maintain our Neutral
recommendation on the stock.

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