![Coal India shares rise 2%, BHEL fall on JV for ammonium nitrate plant](https://images.assettype.com/fortuneindia%2F2021-10%2F59d7e5be-5b67-4900-98d2-737e519bdbac%2Fcoal_mine.jpg?w=300&q=95)
Coal India shares rise 2%, BHEL fall on JV for ammonium nitrate plant
According to the joint statement, Coal India will hold a 51% stake in the joint venture, while BHEL will own 49% shares in the entity.
According to the joint statement, Coal India will hold a 51% stake in the joint venture, while BHEL will own 49% shares in the entity.
According to the ministry of defence, the upgraded SRGM will be manufactured at BHEL's Haridwar plant.
According to BHEL, the company has secured the order for setting up the 2x800 MW supercritical thermal power project stage-II at Lara in Chhattisgarh.