Bharat Heavy Electricals (BHEL), India’s biggest power equipment maker, fell the most in eight months after reporting the slowest sales growth in the year that started April 1.
The shares fell 4.4%, the most since May 20, to Rs 2,292.15 in Mumbai trading. Net income in the three months ended December 31 climbed 35% to Rs 1,070 crore ($233 million) and sales rose 18% to Rs 7,100 crore, the New Delhi-based company said in a statement to the Bombay Stock Exchange on Thursday. “Net sales were below street estimates and that could have been one of the factors for the shares to decline,” Shruti Udeshi, an analyst with Finquest Securities Pvt, said from Mumbai. “The company hasn’t changed its sales target for the full year and we believe it can make up for the slower sales in the fourth quarter.”
The stock has gained 70% in the past year, trailing the 94% increase in the benchmark Sensitive Index. Rival Larsen & Toubro, India’s biggest engineering company, fell the most in more than six months after the company on Thursday reported its first sales decline in seven years and cut its revenue growth target. Bharat Heavy has forecast that sales may gain as much as 25% to more than Rs 33,600 crore in the year ending March. The company reported a 24% sales increase in the second quarter following a 29% growth in the first, according to data compiled by Bloomberg.
ref:
http://economictimes.indiatimes.com/news/news-by-company/earnings/BHEL-profit-rises-35-pc-but-sales-growth-off-mark/articleshow/5486257.cms
Monday, February 8, 2010
Sunday, February 7, 2010
BHEL bags Rs 1,000 cr order from Bhutan
BHEL today said it has bagged a Rs 1,000-crore contract for supplying equipment to a hydro power project in Bhutan.
BHEL has secured a Rs 1,016-crore contract from Punatsangchhu Hydroelectric Project Authority, Bhutan for the electro-mechanical equipment package for a 1,200 MW (6x200 MW) hydroelectric project, a company statement said today.
The order envisages manufacture, supply, erection and commissioning of the electro-mechanical equipment for the 1,200-MW Punatsangchhu-I Hydroelectric project, it said.
The project is being set-up under a bilateral agreement between the Government of India, and the Royal Government of Bhutan.
ref:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/BHEL-bags-Rs-1000-cr-order-from-Bhutan/articleshow/5547846.cms
BHEL has secured a Rs 1,016-crore contract from Punatsangchhu Hydroelectric Project Authority, Bhutan for the electro-mechanical equipment package for a 1,200 MW (6x200 MW) hydroelectric project, a company statement said today.
The order envisages manufacture, supply, erection and commissioning of the electro-mechanical equipment for the 1,200-MW Punatsangchhu-I Hydroelectric project, it said.
The project is being set-up under a bilateral agreement between the Government of India, and the Royal Government of Bhutan.
ref:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/BHEL-bags-Rs-1000-cr-order-from-Bhutan/articleshow/5547846.cms
Saturday, February 6, 2010
BHEL leases space for research park
The Tiruchirappalli and Ranipet units of Public Sector Bharat Heavy Electricals Limited (BHEL) have leased space for Research Park being set up by IIT, Madras.
A BHEL press release here said today modules were handed over formally by Dr Sandhya Sekhar, CEO, IIT-M Research Park, to Mr A V Krishnan, Executive Director, BHEL Tiruchirappalli Complex, and Mr A Chandrababu, General Manager-in-Charge, BHEL Boiler Auxiliaries Plant, Ranipet, at a function at IIT Madras, yesterday.
Dr R Sundaram, Chief Techno Economic Officer, Industrial Consultancy and Sponsored Research (ICSR), IIT Madras, Mr C Jeyadevan, GM/Engineering, and Mr G Ramakrishna, GM/Outsourcing of BHEL Tiruchirappalli, Dr S Sekar, GM/Engineering and R and D of BAP Ranipet, Mr V Venkatesh, GM/Marketing and Commercial/BHEL Piping Centre, Chennai, and other senior officials of BHEL and IIT Madras were present on the occasion, the release added.
BHEL had leased 6,000 sq ft for the research park which would be utilised for carrying out joint research with IIT Madras for the development of advanced technology solutions for the energy sector.
The work on refurbishment of the interiors of the raw leased space would be completed by BHEL by March next, the release added.
ref:
http://www.mynews.in/News/BHEL_leases_space_for_research_park_N37418.html#
A BHEL press release here said today modules were handed over formally by Dr Sandhya Sekhar, CEO, IIT-M Research Park, to Mr A V Krishnan, Executive Director, BHEL Tiruchirappalli Complex, and Mr A Chandrababu, General Manager-in-Charge, BHEL Boiler Auxiliaries Plant, Ranipet, at a function at IIT Madras, yesterday.
Dr R Sundaram, Chief Techno Economic Officer, Industrial Consultancy and Sponsored Research (ICSR), IIT Madras, Mr C Jeyadevan, GM/Engineering, and Mr G Ramakrishna, GM/Outsourcing of BHEL Tiruchirappalli, Dr S Sekar, GM/Engineering and R and D of BAP Ranipet, Mr V Venkatesh, GM/Marketing and Commercial/BHEL Piping Centre, Chennai, and other senior officials of BHEL and IIT Madras were present on the occasion, the release added.
BHEL had leased 6,000 sq ft for the research park which would be utilised for carrying out joint research with IIT Madras for the development of advanced technology solutions for the energy sector.
The work on refurbishment of the interiors of the raw leased space would be completed by BHEL by March next, the release added.
ref:
http://www.mynews.in/News/BHEL_leases_space_for_research_park_N37418.html#
Thursday, February 4, 2010
Bhel hopes to maintain market share
Bharat Heavy Electricals hopes to maintain a fair market share despite the entry of companies like L&T, Toshibha-JSW and Alstom in power plant equipment manufacturing in the country.
“Bhel's product profile includes entire chain of equipment. Our power plants are made in various units and a number of technologies have been implemented by the company. We manufacture not only main product boilers, but also its auxiliaries, turbine and its auxiliaries, generator and control instrumentation systems, among others. So, this gives a lot of depth for the company to maintain its ability to compete in the market,” B Prasada Rao, chairman and managing director of Bhel said.
Bhel also has well-established service network across the country and we can reach any customer within no time. Recent example is Srisailam hydropower station, which was underwater since October 2. The company started attending to that unit from October 6 and all the units have been commissioned in the past six weeks. This was a record. So, this is a kind of service capability, which Bhel has established, he said.
more at:
http://www.mydigitalfc.com/companies/bhel-hopes-maintain-market-share-239
“Bhel's product profile includes entire chain of equipment. Our power plants are made in various units and a number of technologies have been implemented by the company. We manufacture not only main product boilers, but also its auxiliaries, turbine and its auxiliaries, generator and control instrumentation systems, among others. So, this gives a lot of depth for the company to maintain its ability to compete in the market,” B Prasada Rao, chairman and managing director of Bhel said.
Bhel also has well-established service network across the country and we can reach any customer within no time. Recent example is Srisailam hydropower station, which was underwater since October 2. The company started attending to that unit from October 6 and all the units have been commissioned in the past six weeks. This was a record. So, this is a kind of service capability, which Bhel has established, he said.
more at:
http://www.mydigitalfc.com/companies/bhel-hopes-maintain-market-share-239
Rs 1.25-lakh cheque presented to cancer hospital
President of BHEL Ladies Club Bharti Dube today presented a cheque worth Rs 1.25 lakh on behalf of Blew Computers Centre and inaugurated a room built for patients at Jawaharlal Nehru Cancer Hospital. The programme was organised to mark the World Cancer Day.
Dr BD Baderia, HMS and Dr Gyan Chaturvedi, Head, Cardiology from Kasturba Hospital, Dr MM Joshi, Chairperson and Dr KV Pandya, Director of Jawaharlal Cancer Hospital, PC Soni, vice president and office-bearers of BHEL Ladies Club were present on this occasion.
Ms Dube in her keynote address said that it is our social responsibility to help cancer patients. Cancer today is curable and efforts by Jawaharlal Cancer Hospital in this direction is highly appreciable.
Highlighting the various schemes run by the BHEL Ladies Club, she said that free Vocational Training Camps, providing basic facilities at school in BHEL adopted villages and free medical check up camps are some of the novel steps besides help to cancer patients.
ref:
http://www.centralchronicle.com/viewnews.asp?articleID=26131
Dr BD Baderia, HMS and Dr Gyan Chaturvedi, Head, Cardiology from Kasturba Hospital, Dr MM Joshi, Chairperson and Dr KV Pandya, Director of Jawaharlal Cancer Hospital, PC Soni, vice president and office-bearers of BHEL Ladies Club were present on this occasion.
Ms Dube in her keynote address said that it is our social responsibility to help cancer patients. Cancer today is curable and efforts by Jawaharlal Cancer Hospital in this direction is highly appreciable.
Highlighting the various schemes run by the BHEL Ladies Club, she said that free Vocational Training Camps, providing basic facilities at school in BHEL adopted villages and free medical check up camps are some of the novel steps besides help to cancer patients.
ref:
http://www.centralchronicle.com/viewnews.asp?articleID=26131
BHEL executives demand removal of pay disparity
The BHEL Executive Association in its general body meeting held today has demanded to remove disparities in salary and allowances. According to them there are several anomalies in the new pay scales. They demanded to clubbing together of ET/E1 scales and E1A scales to remove disparity.
Likewise it has also demanded to clubbing together of E3 scale with E4 scale to bring in parity. The meeting resolved that E6 scale to be clubbed with higher scale to bring in parity. Stagnation is a major issue that has been plaguing the executives for decades. Therefore the Association demanded upgrading of scales wherever necessary.
The meeting noted that the management always maintained that all three cadres are linked at some point. The meeting demanded 2.5 increments to all executives or introduction of various schemes for executives so that they are benefited with equivalent amount. Details could be worked out with FOBEA by the management.
The Association noted that service weightage has been increased 500 per cent (up to Rs 1400 + per month). The Association demanded same dispensation in form of loyalty payment.
The general body meeting also demanded 1. Subsidies not to be part of 46 per cent. 2. Conveyance reimbursement not to be part of 46% (Only Rs 800 in form of transport allowance be part of 46 % as done by other PSUs).
It is demanded that promotion policies have to be revamped and structured so that executives can reach top position at a much younger age. The Association meeting noted that the executives perform as a team and it is not possible to differentiate between members of a team in the same grade. It has also demanded performance payment to be linked to the unit performance and company performance. The differentiation should be limited to these parameters.
The meeting has also warned that if need be they would resort to agitation
ref: http://www.centralchronicle.com/viewnews.asp?articleID=26129
Likewise it has also demanded to clubbing together of E3 scale with E4 scale to bring in parity. The meeting resolved that E6 scale to be clubbed with higher scale to bring in parity. Stagnation is a major issue that has been plaguing the executives for decades. Therefore the Association demanded upgrading of scales wherever necessary.
The meeting noted that the management always maintained that all three cadres are linked at some point. The meeting demanded 2.5 increments to all executives or introduction of various schemes for executives so that they are benefited with equivalent amount. Details could be worked out with FOBEA by the management.
The Association noted that service weightage has been increased 500 per cent (up to Rs 1400 + per month). The Association demanded same dispensation in form of loyalty payment.
The general body meeting also demanded 1. Subsidies not to be part of 46 per cent. 2. Conveyance reimbursement not to be part of 46% (Only Rs 800 in form of transport allowance be part of 46 % as done by other PSUs).
It is demanded that promotion policies have to be revamped and structured so that executives can reach top position at a much younger age. The Association meeting noted that the executives perform as a team and it is not possible to differentiate between members of a team in the same grade. It has also demanded performance payment to be linked to the unit performance and company performance. The differentiation should be limited to these parameters.
The meeting has also warned that if need be they would resort to agitation
ref: http://www.centralchronicle.com/viewnews.asp?articleID=26129
Monday, February 1, 2010
BHEL to commission steam generators at 1,500 MW plant
BHEL today said it will soon commission steam generators for the 1,500 MW gas-based power plant at Bawana for the Commonwealth Games in October this year.
"BHEL today completed the drum lifting milestone of the Heat Recovery Steam Generator (HRSG) at the 1,500 MW Pragati-III Combined Cycle Power Plant at Bawana," a company statement said.
Drum lifting is a stage before commissioning of steam generators for the power plant.
Being set up by BHEL on turnkey basis, the power plant is part of the infrastructure planned for the Commonwealth Games.
The project comprises two power blocks of 750 MW each using natural gas as fuel. This power plant will be equipped with four gas turbines and two steam turbines of 250 MW each.
For the Commonwealth Games, BHEL is also executing contracts for several other power projects including Koderma power project (2x500 MW), Mejia (2x500 MW) and Durgapur Steel project (2x500MW) of DVC, Dadri (2x490 MW) of NTPC etc.
ref:
http://www.business-standard.com/india/news/bhel-to-commission-steam-generators-at-1500-mw-plant/84630/on
"BHEL today completed the drum lifting milestone of the Heat Recovery Steam Generator (HRSG) at the 1,500 MW Pragati-III Combined Cycle Power Plant at Bawana," a company statement said.
Drum lifting is a stage before commissioning of steam generators for the power plant.
Being set up by BHEL on turnkey basis, the power plant is part of the infrastructure planned for the Commonwealth Games.
The project comprises two power blocks of 750 MW each using natural gas as fuel. This power plant will be equipped with four gas turbines and two steam turbines of 250 MW each.
For the Commonwealth Games, BHEL is also executing contracts for several other power projects including Koderma power project (2x500 MW), Mejia (2x500 MW) and Durgapur Steel project (2x500MW) of DVC, Dadri (2x490 MW) of NTPC etc.
ref:
http://www.business-standard.com/india/news/bhel-to-commission-steam-generators-at-1500-mw-plant/84630/on
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