India's Ellenbarrie Industrial Gases jumps on $50 million BHEL order

Bharat Heavy Electricals

29/09/2026 05:15

** Shares of Ellenbarrie Industrial Gases ELLE.NS rise as much as 10% to 394.95 rupees
** Industrial gases manufacturer wins a 4.81 billion rupee ($50.05 million) contract from BHEL BHEL.NS for its coal-to-ammonium nitrate project in Odisha
** Marks ELLE's entry into coal gasification, a process that turns coal into gas used to make chemicals, fuels and fertilisers
** Co targets gasification of 100 million metric tons of coal annually by 2030 
** YTD, ELLE up 11%
     
     
($1 = 96.1000 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru)
((UrviManoj.Dugar@thomsonreuters.com;))