BHEL eyeing 2.5 bn orders in 4-6 weeks

The state-run company,which the market values at 21.9 billion,has orders on hand worth 1.3 trillion rupees 26.6 billion,including 150 billion rupees already signed this year.

A reviving market for IPOs has sparked a flurry of capital raising by power companies this year,drawn by rising demand for electricity in a country that faces 12 per cent shortfall at peak hours.

Last month,state-run hydropower generator NHPC Ltd raised 1.25 billion in an IPO and in July private sector Adani Power collected 630 million.