BHEL Inks Strategic MoU with Nuovo Pignone

• BHEL has signed a 10-year MoU with Nuovo Pignone International to explore compressor revamp opportunities in India's fertilizer sector.
• BHEL shares rose 0.40% to Rs 211.80, with a turnover of Rs 9.15 crore from 4.36 lakh shares traded.
• The MoU positions BHEL as the lead bidder for compressor train revamp projects, with Nuovo Pignone as the nominated vendor.
• The collaboration aims to capture a 50% business share in the segment, enhancing BHEL's market presence in the fertilizer sector.
• BHEL's stock has seen a 200% gain over two years, despite a 17% decline in the past year.

Source: Business News India, The Economic Times, Moneycontrol