Gandhar Oil Refinery (India) rose 1.29 per cent to Rs 152.55 after announcing it had secured an order worth Rs 246 million from Bharat Heavy Electricals Ltd (BHEL), Jhansi, for the supply of transformer oil. The contract is scheduled to be executed over a two-year period, strengthening Gandhar Oil’s footprint in the power equipment segment.

A key supplier of white oils, Gandhar Oil caters to consumer and healthcare industries, and this order represents a strategic diversification into large-scale industrial contracts.

BHEL, a Navratna public sector undertaking, is India’s largest engineering and manufacturing enterprise in the energy and infrastructure sectors, and ranks among the world’s leading power equipment manufacturers. This order further solidifies the collaboration between industrial oil suppliers and power sector giants.

Meanwhile, BHEL shares declined by 0.71 per cent to Rs 217 on the BSE, even as the company continues to expand its vendor partnerships in core energy infrastructure domains.