Bharat Heavy Electricals on Friday said it has bagged a Rs 5,040 crore contract from Jindal Power for setting up 2,400 MW power plant in Chhatisgarh.
BHEL would install four units of 600 MW each in this O P Jindal super thermal power plant at Raigarh in Chhatisgarh.
BHEL's scope of work in the contract includes designs, engineering, manufacture, supply and erection of boilers, turbines, generators and associated auxilliary.
ref:
http://economictimes.indiatimes.com/News_by_Industry/BHEL_bags_Rs_5040_cr_contract_/articleshow/3897520.cms
Sunday, December 28, 2008
Monday, December 22, 2008
BHEL bags Rs 1,175-cr order for 500Mw plant in MP
Bharat Heavy Electricals today said it has bagged a Rs 1,175- cr contract for setting up a 500 Mw thermal power plant at Bina in Madhya Pradesh.
"BHEL has bagged an order worth Rs 1,175 cr for setting up a 500 Mw thermal power plant in Madhya Pradesh," a company statement said.
The order has been placed by Jaypee Group company Bina Power Company Ltd. BHEL would install two units of 250 Mw each for the project which is slated for synchronization during the 11th-Plan Period (2007-12).
The company plans to invest Rs 4,200 crto enhance its capacity from 10,000 Mw to 15,000 Mw in two years.
BHEL's scope of work includes design, engineering, manufacturing, supply, erection, testing and commissioning of boilers, turbines and associated auxiliaries.
BHEL also plans to invest about Rs 10,000 cr for new ventures in the coming years. For achieving this target, its production units at Tiruchirappaly, Bhopal, Haridwar, Jhansi and Hyderabad are in the process of modernisation and expansion.
ref:
http://www.business-standard.com/india/news/bhel-bags-rs-1175-cr-order-for-500mw-plant-in-mp/14/46/51614/on
"BHEL has bagged an order worth Rs 1,175 cr for setting up a 500 Mw thermal power plant in Madhya Pradesh," a company statement said.
The order has been placed by Jaypee Group company Bina Power Company Ltd. BHEL would install two units of 250 Mw each for the project which is slated for synchronization during the 11th-Plan Period (2007-12).
The company plans to invest Rs 4,200 crto enhance its capacity from 10,000 Mw to 15,000 Mw in two years.
BHEL's scope of work includes design, engineering, manufacturing, supply, erection, testing and commissioning of boilers, turbines and associated auxiliaries.
BHEL also plans to invest about Rs 10,000 cr for new ventures in the coming years. For achieving this target, its production units at Tiruchirappaly, Bhopal, Haridwar, Jhansi and Hyderabad are in the process of modernisation and expansion.
ref:
http://www.business-standard.com/india/news/bhel-bags-rs-1175-cr-order-for-500mw-plant-in-mp/14/46/51614/on
Sunday, December 21, 2008
Work to begin on 21 N-plants in 3 years
India plans to add 21 new atomic power plants in the country and work on these plants is expected to take off during the ongoing Eleventh Plan period (2007-12). These plants would be based on indigenous and foreign technology, highly placed government sources said.
Together these power plants are expected to add almost 16,900 mega watts (MW) of nuclear energy. At present six nuclear power stations have 17 nuclear power reactors with a total installed capacity of 4,120 MW.
The total cost of commissioning these power plants is yet to be evaluated, according to an official, who did not wish to be identified as he was not authorised to speak to the media.
Of the 21 new plants, eight — with an installed capacity of 700 MW each — would be based on pressurised heavy water technology. One would be of 300 MW based on advance heavy water technology, and 10 plants of 1,000 MW each would be light water reactors. Pre-projects feasibility studies are on for two power plants based on fast breeder reactors as well, the official said.
The government is conducting pre-feasibility studies in Nigeria, Namibia and Tajikistan to source uranium, while Rs 1,000 crore is being spent for development of uranium mines in Andhra to make fuel available for these reactors.
State-owned BHEL is in the process of forming a joint venture with Nuclear Power Corp. of India Ltd. for carrying out engineering, procurement and construction of conventional nuclear power plants.
US-based Thorium Power and private sector infrastructure firm Punj Lloyd signed a pioneering joint venture agreement to set up thorium-based nuclear power plants in the private sector.
ref:
http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=HomePage&id=0e3627d7-5f0c-4e46-9bfe-cf2bc2f76d89&MatchID1=4856&TeamID1=6&TeamID2=2&MatchType1=1&SeriesID1=1223&PrimaryID=4856&Headline=Work+to+begin+on+21+N-plants+in+3+years
Together these power plants are expected to add almost 16,900 mega watts (MW) of nuclear energy. At present six nuclear power stations have 17 nuclear power reactors with a total installed capacity of 4,120 MW.
The total cost of commissioning these power plants is yet to be evaluated, according to an official, who did not wish to be identified as he was not authorised to speak to the media.
Of the 21 new plants, eight — with an installed capacity of 700 MW each — would be based on pressurised heavy water technology. One would be of 300 MW based on advance heavy water technology, and 10 plants of 1,000 MW each would be light water reactors. Pre-projects feasibility studies are on for two power plants based on fast breeder reactors as well, the official said.
The government is conducting pre-feasibility studies in Nigeria, Namibia and Tajikistan to source uranium, while Rs 1,000 crore is being spent for development of uranium mines in Andhra to make fuel available for these reactors.
State-owned BHEL is in the process of forming a joint venture with Nuclear Power Corp. of India Ltd. for carrying out engineering, procurement and construction of conventional nuclear power plants.
US-based Thorium Power and private sector infrastructure firm Punj Lloyd signed a pioneering joint venture agreement to set up thorium-based nuclear power plants in the private sector.
ref:
http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=HomePage&id=0e3627d7-5f0c-4e46-9bfe-cf2bc2f76d89&MatchID1=4856&TeamID1=6&TeamID2=2&MatchType1=1&SeriesID1=1223&PrimaryID=4856&Headline=Work+to+begin+on+21+N-plants+in+3+years
Saturday, December 20, 2008
Govt gets loyal MP to divert orders to Bhel
Unusual times call for unusual measures. At a time when economic recession is deepening, the government has leaned on a private sector
biggie to divert a major supply order that had appeared headed for China to the public sector.
Sources said that at the Centre's behest, the steel-to-power conglomerate led by Congress lawmaker Naveen Jindal has agreed to order from BHEL instead of from the Chinese manufacturers the group preferred. The first order worth Rs 10,000 crore for equipment to generate 2,400 mw is to be placed shortly, and there is scope for another Rs 15,000 crore worth orders for 2,580-3,200 mw.
On record though, officials denied any pressure and said these were "purely commercial decisions taken by independent corporates". Asked about the issue, minister of state for power Jairam Ramesh told TOI, "The government's not there for commercial discussions or decisions. Our (government's) job is to first facilitate and then felicitate (growth in generation capacity)."
But sources said that it required more than a nudge to get the Jindal group to recast its shopping list. On his part, Jindal confirmed ordering equipment for "about" Rs 10,000 crore from BHEL but declined to comment further. "Let's focus on what has been finalised... there's no point in talking prematurely about whether this will happen or that. When something happens, we'll let you know," he told TOI on Thursday.
Domestic manufacturers such as BHEL have steadily lost out as Chinese manufacturers have emerged as preferred suppliers for power projects in recent times. Along with the rise in their popularity, questions over their quality and reliability have also arisen in various qurters of the government, including the Central Electricity Authority.
More at:
http://timesofindia.indiatimes.com/Govt_gets_loyal_MP_to_divert_orders_to_Bhel/articleshow/3859906.cms
biggie to divert a major supply order that had appeared headed for China to the public sector.
Sources said that at the Centre's behest, the steel-to-power conglomerate led by Congress lawmaker Naveen Jindal has agreed to order from BHEL instead of from the Chinese manufacturers the group preferred. The first order worth Rs 10,000 crore for equipment to generate 2,400 mw is to be placed shortly, and there is scope for another Rs 15,000 crore worth orders for 2,580-3,200 mw.
On record though, officials denied any pressure and said these were "purely commercial decisions taken by independent corporates". Asked about the issue, minister of state for power Jairam Ramesh told TOI, "The government's not there for commercial discussions or decisions. Our (government's) job is to first facilitate and then felicitate (growth in generation capacity)."
But sources said that it required more than a nudge to get the Jindal group to recast its shopping list. On his part, Jindal confirmed ordering equipment for "about" Rs 10,000 crore from BHEL but declined to comment further. "Let's focus on what has been finalised... there's no point in talking prematurely about whether this will happen or that. When something happens, we'll let you know," he told TOI on Thursday.
Domestic manufacturers such as BHEL have steadily lost out as Chinese manufacturers have emerged as preferred suppliers for power projects in recent times. Along with the rise in their popularity, questions over their quality and reliability have also arisen in various qurters of the government, including the Central Electricity Authority.
More at:
http://timesofindia.indiatimes.com/Govt_gets_loyal_MP_to_divert_orders_to_Bhel/articleshow/3859906.cms
Wednesday, December 17, 2008
NTPC-Bhel JV defers equity dilution
NTPC Bhel Power Projects Ltd, the equal joint venture between power utility NTPC Ltd and power equipment maker Bharat Heavy Electricals Ltd (Bhel), has deferred its plan to divest 50% equity due to adverse market conditions and lack of revenue visibility.
K Ravi Kumar, chairman and managing director, Bhel, said the plan to dilute equity has been put off by three years, till the company starts getting orders for the manufacture and supply of power equipment.
The government wanted to sell stake in the joint venture of the two state-owned firms to give it full flexibility to work as a private company. NTPC Bhel had plans to start with orders for engineering, procurement and construction works and ancillary power plant equipment. But it will now wait for a steady revenue stream, which will come in three years when it starts booking orders for the manufacture and supply of main power equipment too.
“Only then we will get a premium on the equity to be sold,” Kumar said. He added that market conditions are likely to improve by then and the company will get good valuation.
Market valuations of companies across the world have fallen due to the economic turmoil. India has to increase power generation equipment capacity to support the planned hike in electricity generation capacity.
Bhel, the country’s largest power equipment maker, has the annual capacity to make equipment to generate 10,000 megawatt (mw) of electricity. It plans to increase this capacity to generate 15,000 mw 2009-end, and 20,000 mw by 2011-end.
India is looking to add 79,000 mw of electricity generation capacity in the current Five-Year Plan, which ends in March 2012. In the Twelfth Five-Year Plan, it hopes to add another 84,000 mw.
a_shaleen@dnaindia.net
ref:
http://www.dnaindia.com/report.asp?newsid=1214607
K Ravi Kumar, chairman and managing director, Bhel, said the plan to dilute equity has been put off by three years, till the company starts getting orders for the manufacture and supply of power equipment.
The government wanted to sell stake in the joint venture of the two state-owned firms to give it full flexibility to work as a private company. NTPC Bhel had plans to start with orders for engineering, procurement and construction works and ancillary power plant equipment. But it will now wait for a steady revenue stream, which will come in three years when it starts booking orders for the manufacture and supply of main power equipment too.
“Only then we will get a premium on the equity to be sold,” Kumar said. He added that market conditions are likely to improve by then and the company will get good valuation.
Market valuations of companies across the world have fallen due to the economic turmoil. India has to increase power generation equipment capacity to support the planned hike in electricity generation capacity.
Bhel, the country’s largest power equipment maker, has the annual capacity to make equipment to generate 10,000 megawatt (mw) of electricity. It plans to increase this capacity to generate 15,000 mw 2009-end, and 20,000 mw by 2011-end.
India is looking to add 79,000 mw of electricity generation capacity in the current Five-Year Plan, which ends in March 2012. In the Twelfth Five-Year Plan, it hopes to add another 84,000 mw.
a_shaleen@dnaindia.net
ref:
http://www.dnaindia.com/report.asp?newsid=1214607
BHEL, NTPC sign ‘Integrity Pact’ with Transparency International
Bharat Heavy Electricals Limited (BHEL) and National Thermal Power Corporation (NTPC) on Tuesday inked an ‘Integrity Pact’ with Transparency International Limited (TIL) and the Central Vigilance Commission (CVC) to ensure complete transparency in major contracts, tenders and procurements.
Terming contracts, tenders and procurement as a major source of corruption and political lobbying, Minister of State for Power Jairam Ramesh, who made this happen, said BHEL and NTPC had become the first power sector PSUs to sign such a pact indicating their resolve to deal with the menace of corruption. Complimenting the efforts of Transparency International and the CVC, the Minister said all the private companies, which were into public-private participation projects with PSU funding, should also be asked to enter into the Integrity Pact.
BHEL Chairman and Managing Director K. Ravi Kumar and NTPC Chairman and Managing Diriector R. S. Sharma signed the pacts on behalf of their companies, while TIL was represented by its Chairman, Admiral (Retd) R. H. Tahiliani.
The Integrity Pact model is being followed by corporates worldwide as it binds a company and its suppliers to ethical conduct in contracts and implementation of projects.
The CVC has recommended adoption of this pact in respect of all major procurements.
Mr. Ravi Kumar said BHEL was committed to fostering the most ethical and corruption-free business environment and valued its relationships with bidders, contractors and vendors.
ref:
http://www.hindu.com/2008/12/17/stories/2008121757011700.htm
Terming contracts, tenders and procurement as a major source of corruption and political lobbying, Minister of State for Power Jairam Ramesh, who made this happen, said BHEL and NTPC had become the first power sector PSUs to sign such a pact indicating their resolve to deal with the menace of corruption. Complimenting the efforts of Transparency International and the CVC, the Minister said all the private companies, which were into public-private participation projects with PSU funding, should also be asked to enter into the Integrity Pact.
BHEL Chairman and Managing Director K. Ravi Kumar and NTPC Chairman and Managing Diriector R. S. Sharma signed the pacts on behalf of their companies, while TIL was represented by its Chairman, Admiral (Retd) R. H. Tahiliani.
The Integrity Pact model is being followed by corporates worldwide as it binds a company and its suppliers to ethical conduct in contracts and implementation of projects.
The CVC has recommended adoption of this pact in respect of all major procurements.
Mr. Ravi Kumar said BHEL was committed to fostering the most ethical and corruption-free business environment and valued its relationships with bidders, contractors and vendors.
ref:
http://www.hindu.com/2008/12/17/stories/2008121757011700.htm
Tuesday, December 16, 2008
BHEL, Jindal Power in talks for boiler supply
Bharat Heavy Electricals (BHEL) is in talks with Jindal Power to supply super-critical boilers and turbines, Minister of State for Power Jairam Ramesh said in New Delhi on Tuesday.
Ramesh, however, refused to divulge details, saying: "It's certainly a big deal."
BHEL, along with National Thermal Power Corp (NTPC), India's largest power utility, also signed an agreement Tuesday with Transparency International India (TII) for adopting an integrity pact model that binds a company and its suppliers to ethical conduct in contracts and implementation of projects.
The Central Vigilance Commission (CVC) has recommended the adoption of this model for all major procurements.
ref:
http://www.hindu.com/thehindu/holnus/006200812162112.htm
Ramesh, however, refused to divulge details, saying: "It's certainly a big deal."
BHEL, along with National Thermal Power Corp (NTPC), India's largest power utility, also signed an agreement Tuesday with Transparency International India (TII) for adopting an integrity pact model that binds a company and its suppliers to ethical conduct in contracts and implementation of projects.
The Central Vigilance Commission (CVC) has recommended the adoption of this model for all major procurements.
ref:
http://www.hindu.com/thehindu/holnus/006200812162112.htm
Tuesday, December 9, 2008
BHEL scouts for tech alliances
BHEL is scouting for technology partners to meet its growing requirements of heavy forgings. In the absence of an Indian supplier in the
field, the PSU is sourcing it from Saarschmide in Germany and from Italy and Japan. “We are expanding capacity and looking for technology partners. No one makes such heavy forgings in India,” BHEL director (HR) Anil Sachdev told reporters on Friday. Though BHEL is procuring large orders on EPC basis, there are delays in the supply by vendors. It is now looking for new vendors.
Globally, power sector has attracted substantial investments and this has created problems in supply chain logistics, Mr Sachdev said. But hectic civil work is apace at all its plants. BHEL has been recruiting engineers and supervisors.
“Delays in projects due to capacity constraints are history. Now, we do not see any delays, particularly in boiler turbine generators,” he added.
ref:
http://economictimes.indiatimes.com/News_by_Industry/BHEL_scouts_for_tech_alliances/articleshow/3805896.cms
field, the PSU is sourcing it from Saarschmide in Germany and from Italy and Japan. “We are expanding capacity and looking for technology partners. No one makes such heavy forgings in India,” BHEL director (HR) Anil Sachdev told reporters on Friday. Though BHEL is procuring large orders on EPC basis, there are delays in the supply by vendors. It is now looking for new vendors.
Globally, power sector has attracted substantial investments and this has created problems in supply chain logistics, Mr Sachdev said. But hectic civil work is apace at all its plants. BHEL has been recruiting engineers and supervisors.
“Delays in projects due to capacity constraints are history. Now, we do not see any delays, particularly in boiler turbine generators,” he added.
ref:
http://economictimes.indiatimes.com/News_by_Industry/BHEL_scouts_for_tech_alliances/articleshow/3805896.cms
Saturday, December 6, 2008
BHEL bags order from Oman for gas turbines
Bharat Heavy Electricals Ltd (BHEL) has bagged an order from Oman for supplying 126 MW gas turbine generator packages. The value of business is expected to be of the order of Rs 2,000 crore, spread over the next 6-7 years.
L&T, BHEL add short positions
“BHEL has won a contract for supply of 126 MW gas turbine generator packages from Oman,” a company statement said.
The rate contract includes supplying and supervision of erection and commissioning of several 126 MW units for various power projects planned by Petroleum Development Oman (PDO). This rate contract will initially be valid for six years with a provision for further extension by another three years with mutual agreement, during which PDO can buy additional units from BHEL, the company said.
BHEL, Toshiba may tie up for transmission projects
BHEL had executed four engineering procurement and construction (EPC) projects for PDO earlier.
ref:
http://sify.com/finance/fullstory.php?id=14813086
L&T, BHEL add short positions
“BHEL has won a contract for supply of 126 MW gas turbine generator packages from Oman,” a company statement said.
The rate contract includes supplying and supervision of erection and commissioning of several 126 MW units for various power projects planned by Petroleum Development Oman (PDO). This rate contract will initially be valid for six years with a provision for further extension by another three years with mutual agreement, during which PDO can buy additional units from BHEL, the company said.
BHEL, Toshiba may tie up for transmission projects
BHEL had executed four engineering procurement and construction (EPC) projects for PDO earlier.
ref:
http://sify.com/finance/fullstory.php?id=14813086
Wednesday, November 26, 2008
BHEL scouts for global partner to build transformers
Bharat Heavy Electricals Ltd (BHEL), India’s largest power equipment manufacturer, is looking for an international joint venture partner to manufacture high capacity transformers in India.
“The joint venture will be announced some time in January 2009 and will undertake manufacturing of 765 kilo volt (KV) and 1,200 KV transformers. This will give a boost to our market share in transformer manufacturing,” said BHEL Chairman and Managing Director K Ravi Kumar.
The company at present specialises in manufacturing transformers of up to 400 KV capacity. It is, however, planning to bag orders for higher capacity transformers in the future, especially from the huge transmission infrastructure which the government plans to put in place to meet the increased electricity demand in India, which is slated to touch about 1,000 billion units by 2012, up from 730 billion units at present.
“The investment to flow in the joint venture has not been worked out yet, but the joint venture partner will be both an equity as well as technology partner,” he added.
BHEL is among the largest manufacturers of transformers in India, and holds about 40 per cent of the domestic transformer market. Its current capacity for manufacturing transformers is about 30,000 MVA (milli volt ampere). “The joint venture will help us in increasing our transformer manufacturing capacity to 45,000 MVA by April 2009,” Ravi Kumar said.
BHEL will also set up a separate manufacturing facility in the country for the purpose, though the site for locating such a facility has not yet been identified by the company.
Other major manufacturers of transformers in India — which can supply transformers of up to 400 KV capacity — include companies like Crompton Greaves and the state-owned Transformers and Electricals Kerala Ltd.
India’s transmission system is at present dominated largely by electrical substations employing low-class transformers ranging from 120 KV to 400 KV capacity and higher range 800 KV and 1,200 KV class transformers are being planned.
India’s ambitious plans to ramp up its power generation capacity manifold in the near future to cope with the average 14 per cent annual increase in the demand for power will require commissioning of heavy class transformers.
ref: http://www.business-standard.com/india/news/bhel-scouts-for-global-partner-to-build-transformers/14/11/341252/
“The joint venture will be announced some time in January 2009 and will undertake manufacturing of 765 kilo volt (KV) and 1,200 KV transformers. This will give a boost to our market share in transformer manufacturing,” said BHEL Chairman and Managing Director K Ravi Kumar.
The company at present specialises in manufacturing transformers of up to 400 KV capacity. It is, however, planning to bag orders for higher capacity transformers in the future, especially from the huge transmission infrastructure which the government plans to put in place to meet the increased electricity demand in India, which is slated to touch about 1,000 billion units by 2012, up from 730 billion units at present.
“The investment to flow in the joint venture has not been worked out yet, but the joint venture partner will be both an equity as well as technology partner,” he added.
BHEL is among the largest manufacturers of transformers in India, and holds about 40 per cent of the domestic transformer market. Its current capacity for manufacturing transformers is about 30,000 MVA (milli volt ampere). “The joint venture will help us in increasing our transformer manufacturing capacity to 45,000 MVA by April 2009,” Ravi Kumar said.
BHEL will also set up a separate manufacturing facility in the country for the purpose, though the site for locating such a facility has not yet been identified by the company.
Other major manufacturers of transformers in India — which can supply transformers of up to 400 KV capacity — include companies like Crompton Greaves and the state-owned Transformers and Electricals Kerala Ltd.
India’s transmission system is at present dominated largely by electrical substations employing low-class transformers ranging from 120 KV to 400 KV capacity and higher range 800 KV and 1,200 KV class transformers are being planned.
India’s ambitious plans to ramp up its power generation capacity manifold in the near future to cope with the average 14 per cent annual increase in the demand for power will require commissioning of heavy class transformers.
ref: http://www.business-standard.com/india/news/bhel-scouts-for-global-partner-to-build-transformers/14/11/341252/
Monday, November 24, 2008
BHEL bags Rs 240 cr order for Mundra UMPP
Against stiff competition from European and other domestic power equipment companies, Bharat Heavy Electricals (BHEL) won a landmark contract pegged at Rs 240 crores from Coastal Gujarat Power (CGPL), a Tata Power company.
The order for 40 transformers, with a cumulative capacity of 5872 MVA, three phase transformer banks, busducts, for 800 Mw thermal sets will be supplied in two stages for CGPL upcoming 4,000 Mw (5x800 Mw) ultra mega power project at Mundra in Gujarat.
BHEL is the largest manufacturer of transformers in India. Till date, the company has supplied more than 4,000 transformers, aggregating to over 3,00,000 MVA in cumulative capacity, for transmission and distribution of power on the nation's grid. These have been supplied to all major utilities in the country including SEBs, NTPC, PowerGrid, etc.
On the export front, the company has supplied transformers to more than 20 countries around the world including Greece, Egypt, Libya, Oman, Malaysia, Saudi Arabia and Zambia.
As a result of increased customer focus and renewed efforts for sustained presence in varied industrial segments, BHEL's industry sector business segment recorded an all time high order inflow of Rs 7,860 crore in the last fiscal (2007-08), an increase of 20% over the previous year.
ref:
http://www.business-standard.com/india/news/bhel-bags-rs-240-cr-order-for-mundra-umpp/15/56/50012/on
The order for 40 transformers, with a cumulative capacity of 5872 MVA, three phase transformer banks, busducts, for 800 Mw thermal sets will be supplied in two stages for CGPL upcoming 4,000 Mw (5x800 Mw) ultra mega power project at Mundra in Gujarat.
BHEL is the largest manufacturer of transformers in India. Till date, the company has supplied more than 4,000 transformers, aggregating to over 3,00,000 MVA in cumulative capacity, for transmission and distribution of power on the nation's grid. These have been supplied to all major utilities in the country including SEBs, NTPC, PowerGrid, etc.
On the export front, the company has supplied transformers to more than 20 countries around the world including Greece, Egypt, Libya, Oman, Malaysia, Saudi Arabia and Zambia.
As a result of increased customer focus and renewed efforts for sustained presence in varied industrial segments, BHEL's industry sector business segment recorded an all time high order inflow of Rs 7,860 crore in the last fiscal (2007-08), an increase of 20% over the previous year.
ref:
http://www.business-standard.com/india/news/bhel-bags-rs-240-cr-order-for-mundra-umpp/15/56/50012/on
Friday, November 21, 2008
BHEL wins Rs1,325 crore order from APGENCO
Bharat Heavy Electricals Ltd has said that it has won an order worth Rs1,325 crore for supplying and installing main plant package at a power project in Andhra Pradesh.
The order has been placed by Andhra Pradesh Power Generation Corporation (APGENCO) for setting up a 600 MW thermal power generating unit in Warangal district of the state, the company said in a statement.
“BHEL has received a Rs1,325-crore order for the supply and installation of main plant package at a power project in Andhra Pradesh from APGENCO,” the statement said.
BHEL’s scope of work includes design, engineering, manufacture, supply, erection and commissioning of steam turbines, generators, boilers, associated auxiliaries and electricals, and controls and instrumentation (C&I).
The unit is slated for synchronisation in a schedule of 42 months.
The boilers and its auxiliaries will be manufactured at the company’s units at Tiruchirapalli and Ranipet, while steam turbines and generators will be manufactured at the Haridwar plant of BHEL.
The company has enhanced its manufacturing capacity to 10,000 MW and plans to take it further to 15,000 MW by the end of the current 11th Five Year Plan (2007-2012).
BHEL plans to invest Rs4,200 crore in the next two years for the expansion
Source:
http://www.livemint.com/2008/11/18133636/BHEL-wins-Rs1325-crore-order.html
The order has been placed by Andhra Pradesh Power Generation Corporation (APGENCO) for setting up a 600 MW thermal power generating unit in Warangal district of the state, the company said in a statement.
“BHEL has received a Rs1,325-crore order for the supply and installation of main plant package at a power project in Andhra Pradesh from APGENCO,” the statement said.
BHEL’s scope of work includes design, engineering, manufacture, supply, erection and commissioning of steam turbines, generators, boilers, associated auxiliaries and electricals, and controls and instrumentation (C&I).
The unit is slated for synchronisation in a schedule of 42 months.
The boilers and its auxiliaries will be manufactured at the company’s units at Tiruchirapalli and Ranipet, while steam turbines and generators will be manufactured at the Haridwar plant of BHEL.
The company has enhanced its manufacturing capacity to 10,000 MW and plans to take it further to 15,000 MW by the end of the current 11th Five Year Plan (2007-2012).
BHEL plans to invest Rs4,200 crore in the next two years for the expansion
Source:
http://www.livemint.com/2008/11/18133636/BHEL-wins-Rs1325-crore-order.html
BHEL in talks with Sheffield, Kobe for nuclear forgings facility
BHEL is planning to set up a Greenfield manufacturing base in India for nuclear forgings and is in talks with UK based Sheffield Forgemasters International Ltd and Japan’s Kobe Steel for a possible joint venture. Bharat Forge, the world’s second largest forging company could also be involved in the new venture.
Mr K Ravi Kumar CMD of BHEL’s said that “We are looking at a nuclear forgings facility in India in light of the new orders on the anvil. Talks are on with Sheffield and Kobe Steel. Bharat Forge could also be part of the venture and we are talking to them.”
Mr Kumar said that “There is a big shortage of facilities manufacturing critical equipment including forgings and castings, for nuclear power stations. The move to set up our own dedicated facility is aimed at addressing this problem.”
BHEL had earlier signed a joint venture with Ranchi based Heavy Engineering Corporation for making forgings for nuclear power equipment.
Currently, nations setting up nuclear capacities are faced with a big crunch in sourcing critical components for nuclear stations, particularly the large forgings used for reactor vessels and steam systems.
UK’s Sheffield Forgemasters is among the world’s largest independently owned forgemaster and specializes in a broad range of heavy steel forgings and steel castings including nuclear grade steel components. Kobe Steel, Japan’s fourth largest steelmaker is also a big player in nuclear steel castings and forgings.
ref:
http://steelguru.com/news/index/2008/11/21/NzIxMzI%3D/BHEL_in_talks_with_Sheffield%25252C_Kobe_for_nuclear_forgings_facility.html
Mr K Ravi Kumar CMD of BHEL’s said that “We are looking at a nuclear forgings facility in India in light of the new orders on the anvil. Talks are on with Sheffield and Kobe Steel. Bharat Forge could also be part of the venture and we are talking to them.”
Mr Kumar said that “There is a big shortage of facilities manufacturing critical equipment including forgings and castings, for nuclear power stations. The move to set up our own dedicated facility is aimed at addressing this problem.”
BHEL had earlier signed a joint venture with Ranchi based Heavy Engineering Corporation for making forgings for nuclear power equipment.
Currently, nations setting up nuclear capacities are faced with a big crunch in sourcing critical components for nuclear stations, particularly the large forgings used for reactor vessels and steam systems.
UK’s Sheffield Forgemasters is among the world’s largest independently owned forgemaster and specializes in a broad range of heavy steel forgings and steel castings including nuclear grade steel components. Kobe Steel, Japan’s fourth largest steelmaker is also a big player in nuclear steel castings and forgings.
ref:
http://steelguru.com/news/index/2008/11/21/NzIxMzI%3D/BHEL_in_talks_with_Sheffield%25252C_Kobe_for_nuclear_forgings_facility.html
Sunday, November 16, 2008
BHEL, Areva T&D to form JV for manufacturing nuclear reactors
Bharat Heavy Electricals Ltd is in talks with electrical equipment maker Areva T&D India, the Indian arm of French Areva
Power, to form a joint venture company for manufacturing nuclear reactors.
"BHEL and Areva T&D are in talks to form a joint venture for manufacturing nuclear reactors," Minister of State for Power Jairam Ramesh told PTI, adding that the facility would be set up in Finland.
BHEL would have 26 per cent stake in the JV company, sources said. The JV would manufacture European Pressurised Reactors (EPR) of 1,600 MW capacity each.
Areva T&D India is a part of French electrical equipment maker Areva Power.
Areva T&D has bagged a 35 million euro (approx. Rs 221 crore) order from state-run Steel Authority of India Ltd to provide transmission and distribution services to its unit.
The order includes providing Bhillai Steel Plant, a flagship unit of SAIL, with a 132 KV gas insulated sub-station, besides offering protection, control and monitoring system for the existing ones. The project is scheduled to complete by October 2010.
source:
http://economictimes.indiatimes.com/News/News_By_Industry/Energy/Power/BHEL_Areva_TD_to_form_JV_for_manufacturing_nuclear_reactors/articleshow/3719168.cms
Power, to form a joint venture company for manufacturing nuclear reactors.
"BHEL and Areva T&D are in talks to form a joint venture for manufacturing nuclear reactors," Minister of State for Power Jairam Ramesh told PTI, adding that the facility would be set up in Finland.
BHEL would have 26 per cent stake in the JV company, sources said. The JV would manufacture European Pressurised Reactors (EPR) of 1,600 MW capacity each.
Areva T&D India is a part of French electrical equipment maker Areva Power.
Areva T&D has bagged a 35 million euro (approx. Rs 221 crore) order from state-run Steel Authority of India Ltd to provide transmission and distribution services to its unit.
The order includes providing Bhillai Steel Plant, a flagship unit of SAIL, with a 132 KV gas insulated sub-station, besides offering protection, control and monitoring system for the existing ones. The project is scheduled to complete by October 2010.
source:
http://economictimes.indiatimes.com/News/News_By_Industry/Energy/Power/BHEL_Areva_TD_to_form_JV_for_manufacturing_nuclear_reactors/articleshow/3719168.cms
Sunday, November 9, 2008
Bhel may buy stake in overseas power plants; set up new facilities
Bharat Heavy Electricals Ltd (Bhel) said it will pick up 10% equity in power projects abroad that would buy its equipment.
“As and when we find the opportunity, we will take equity stakes to sell equipment...while we plan to take 10% equity in overseas projects to land orders, this will be around 26% for domestic projects,” said chairman and managing director K. Ravi Kumar.Equipment maker aims to leverage govt’s disbursement under line of credit of about $1 billion a yearThe country’s largest power generation equipment manufacturer also looks to acquire companies and start joint ventures to access new markets, a senior company official said, asking not to be named.
Besides setting up manufacturing or servicing facilities in Europe, Oman, Egypt, Saudi Arabia and Indonesia, the company also aims to establish a joint venture in West Asia with a local partner to make valves and other equipment to cater to the growing oil and gas exploration and production market in the region, the official added.
Bhel may also start a joint venture in Saudi Arabia to service and repair transformers. “We are scouting for partners for these ventures,” the official said.
Bhel has cash reserves of Rs8,000 crore. It posted a net profit of Rs2,859 crore on revenues of Rs21,401 crore in the fiscal year to March and aims to become a $10 billion (Rs47,800 crore)-plus company by 2012.
As part of its global push, the company aims to leverage the Indian government’s disbursement under the line of credit, which is around $1 billion a year, to get orders.
Bhel currently has orders worth Rs1.10 trillion. Its international projects contributed Rs3,200 crore till date to Rs24,000 crore worth of orders generated in the fiscal year that began in April.
The company plans to triple export orders to Rs10,300 crore by 2012, in a bid to hedge against currency fluctuations related to raw material imports, as reported by Mint on 4 November.
more at:
http://www.livemint.com/2008/11/07224824/Bhel-may-buy-stake-in-overseas.html
“As and when we find the opportunity, we will take equity stakes to sell equipment...while we plan to take 10% equity in overseas projects to land orders, this will be around 26% for domestic projects,” said chairman and managing director K. Ravi Kumar.Equipment maker aims to leverage govt’s disbursement under line of credit of about $1 billion a yearThe country’s largest power generation equipment manufacturer also looks to acquire companies and start joint ventures to access new markets, a senior company official said, asking not to be named.
Besides setting up manufacturing or servicing facilities in Europe, Oman, Egypt, Saudi Arabia and Indonesia, the company also aims to establish a joint venture in West Asia with a local partner to make valves and other equipment to cater to the growing oil and gas exploration and production market in the region, the official added.
Bhel may also start a joint venture in Saudi Arabia to service and repair transformers. “We are scouting for partners for these ventures,” the official said.
Bhel has cash reserves of Rs8,000 crore. It posted a net profit of Rs2,859 crore on revenues of Rs21,401 crore in the fiscal year to March and aims to become a $10 billion (Rs47,800 crore)-plus company by 2012.
As part of its global push, the company aims to leverage the Indian government’s disbursement under the line of credit, which is around $1 billion a year, to get orders.
Bhel currently has orders worth Rs1.10 trillion. Its international projects contributed Rs3,200 crore till date to Rs24,000 crore worth of orders generated in the fiscal year that began in April.
The company plans to triple export orders to Rs10,300 crore by 2012, in a bid to hedge against currency fluctuations related to raw material imports, as reported by Mint on 4 November.
more at:
http://www.livemint.com/2008/11/07224824/Bhel-may-buy-stake-in-overseas.html
Thursday, November 6, 2008
4 N-equipment makers in race to partner in Bhel JV
Four leading nuclear equipment manufacturers are in race to become the technology partner for the joint venture between public sector power equipment major Bharat Heavy Electricals (Bhel) and Nuclear Power Corporation of India (NPCIL) — the country's nuclear power manager — to manufacture turbines for nuclear power plants in India.
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"Siemens of Germany, Turbo Item of Ukraine, Paris-based Alstom and General Electric of the US have shown keen interest to partner with us for steam turbine manufacturing and we are negotiating with them," said a senior Bhel official on the sidelines of Power India 2008 exhibition in Mumbai today.
Bhel had invited an Expression of Interest (EoI) this month in search of a 'technology partner' for making 700 MW, 1,000 MW and 1,600 MW turbines.
The joint venture, NTPC-Bhel Power Project (NBPPL), was formed in May this year for carrying out engineering, procurement and construction (EPC) of power plants and other infrastructure projects in India and abroad as well as to take up manufacturing of nuclear equipment.
NBPPL plans to have a manufacturing capacity of 5,000 MW annually by 2014-15, with an investment of around Rs 6,000 crore.
Initially, NBPPL shall focus on EPC projects and balance of plant (BoP) of power plants, which would require a capital of Rs 1,200 crore. Leading private financial institution IL&FS will buy 50 per cent stake in the JV to fund the projects and as a strategic financial partner, said sources.
Bhel, which is adding its capacity, already has a tie-up with Siemens for manufacturing 600 MW heat turbines and boilers. Bhel is also a contractor for many of NPCIL's 17 nuclear power plants that have come up in India.
Leading global nuclear equipment manufacturers such as General Electric, Toshiba Corporation’s Westinghouse, Rosatom of Russia and Areva of France are also in talks to form joint ventures with Indian companies to manufacture new generation light water reactors (LWR) and related equipment in India.
NPCIL, the country’s sole nuclear power manager, is discussing with these companies to act as a facilitator for equipment manufacturing deals, NPCIL CMD S K Jain said in a recent interview.
Source:
http://www.business-standard.com/india/storypage.php?autono=339450
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- FIIs net sell Rs 1,200cr in F&O on Thursday
- Tech view: Weekend factor may subdue mood
- F&O Outlook: Nifty support seen at 2,500
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- Hindalco raises $1 bn for Novelis bridge loan
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"Siemens of Germany, Turbo Item of Ukraine, Paris-based Alstom and General Electric of the US have shown keen interest to partner with us for steam turbine manufacturing and we are negotiating with them," said a senior Bhel official on the sidelines of Power India 2008 exhibition in Mumbai today.
Bhel had invited an Expression of Interest (EoI) this month in search of a 'technology partner' for making 700 MW, 1,000 MW and 1,600 MW turbines.
The joint venture, NTPC-Bhel Power Project (NBPPL), was formed in May this year for carrying out engineering, procurement and construction (EPC) of power plants and other infrastructure projects in India and abroad as well as to take up manufacturing of nuclear equipment.
NBPPL plans to have a manufacturing capacity of 5,000 MW annually by 2014-15, with an investment of around Rs 6,000 crore.
Initially, NBPPL shall focus on EPC projects and balance of plant (BoP) of power plants, which would require a capital of Rs 1,200 crore. Leading private financial institution IL&FS will buy 50 per cent stake in the JV to fund the projects and as a strategic financial partner, said sources.
Bhel, which is adding its capacity, already has a tie-up with Siemens for manufacturing 600 MW heat turbines and boilers. Bhel is also a contractor for many of NPCIL's 17 nuclear power plants that have come up in India.
Leading global nuclear equipment manufacturers such as General Electric, Toshiba Corporation’s Westinghouse, Rosatom of Russia and Areva of France are also in talks to form joint ventures with Indian companies to manufacture new generation light water reactors (LWR) and related equipment in India.
NPCIL, the country’s sole nuclear power manager, is discussing with these companies to act as a facilitator for equipment manufacturing deals, NPCIL CMD S K Jain said in a recent interview.
Source:
http://www.business-standard.com/india/storypage.php?autono=339450
Monday, November 3, 2008
Bhel looks to overseas projects as equipment market turns hot
Bharat Heavy Electricals Ltd (Bhel) is planning to triple export orders to Rs10,300 crore by 2012, in a bid to hedge against currency fluctuations related to raw material imports.
“We are looking at project exports as it would help us hedge against raw material imports. We do not want to be a net importer,” chairman and managing director K. Ravi Kumar said in a phone interview.
Overseas push: The Western Mountain Gas Turbine Power Project in Libya set up by Bhel on a turnkey basis. Bhel is pursuing orders in Uganda, Sierra Lone, Indonesia, Oman and New Caledonia, among others.The company imports raw materials worth Rs4,000 crore in a year. The rupee has shed a fifth of its value since January, making imports more expensive.
However, the power generation equipment maker’s focus on exports also stems from a concern that its market share in India may come down to 50% from the current 60% in the next five years because of increasing competition from local and overseas companies.
“Bhel’s monopoly is no longer there. Private-sector power generation equipment manufacturers have made huge strides at Bhel’s expense,” said Madanagopal Ramu, an equity research analyst at Mumbai-based Centrum Broking Pvt. Ltd. “It needs to focus on exports.”
Bhel currently has orders worth Rs1.10 trillion. Its international projects contributed Rs3,200 crore till date to Rs24,000 crore worth of orders generated in the fiscal year that began in April.
While organic growth is expected to contribute Rs6,200 crore to its order book by 2012, the remaining Rs4,100 crore will come from acquisitions and joint ventures. This is expected to go up to Rs8,000 crore each (through organic and inorganic growth) by 2017.
“We plan to achieve this by increasing our focus on geographies such as Africa, Commonwealth of Independent States countries, West Asia, South-East Asia and Far East,” said a company executive on condition of anonymity.
Bhel is actively pursuing orders in Uganda, Sierra Lone, Indonesia, Oman, New Caledonia, Bhutan and Sri Lanka, among others. “These areas offer a huge growth opportunity. Compared with India’s installed power generation capacity of 145,000 MW, the entire installed capacity in Africa is 64,000 MW, the executive said. “This is a huge demand.”
The company has cash reserves of Rs8,000 crore. It posted a net profit of Rs2,859 crore on revenues of Rs21,401 crore in the fiscal year to March and aims to become a $10 billion (Rs49,000crore)-plus company by 2011-12.
Bhel, which has manufacturing capacity of 10,000MW a year, plans to produce equipment capable of generating 56,000MW a year by 2012.
“We are expecting a 35% growth this year. However, we will not be able to maintain such high levels of growth due to increasing number of entrants in the market,” Ravi Kumar had earlier told Mint.
Source:
http://www.livemint.com/2008/11/04005944/Bhel-looks-to-overseas-project.html
“We are looking at project exports as it would help us hedge against raw material imports. We do not want to be a net importer,” chairman and managing director K. Ravi Kumar said in a phone interview.
Overseas push: The Western Mountain Gas Turbine Power Project in Libya set up by Bhel on a turnkey basis. Bhel is pursuing orders in Uganda, Sierra Lone, Indonesia, Oman and New Caledonia, among others.The company imports raw materials worth Rs4,000 crore in a year. The rupee has shed a fifth of its value since January, making imports more expensive.
However, the power generation equipment maker’s focus on exports also stems from a concern that its market share in India may come down to 50% from the current 60% in the next five years because of increasing competition from local and overseas companies.
“Bhel’s monopoly is no longer there. Private-sector power generation equipment manufacturers have made huge strides at Bhel’s expense,” said Madanagopal Ramu, an equity research analyst at Mumbai-based Centrum Broking Pvt. Ltd. “It needs to focus on exports.”
Bhel currently has orders worth Rs1.10 trillion. Its international projects contributed Rs3,200 crore till date to Rs24,000 crore worth of orders generated in the fiscal year that began in April.
While organic growth is expected to contribute Rs6,200 crore to its order book by 2012, the remaining Rs4,100 crore will come from acquisitions and joint ventures. This is expected to go up to Rs8,000 crore each (through organic and inorganic growth) by 2017.
“We plan to achieve this by increasing our focus on geographies such as Africa, Commonwealth of Independent States countries, West Asia, South-East Asia and Far East,” said a company executive on condition of anonymity.
Bhel is actively pursuing orders in Uganda, Sierra Lone, Indonesia, Oman, New Caledonia, Bhutan and Sri Lanka, among others. “These areas offer a huge growth opportunity. Compared with India’s installed power generation capacity of 145,000 MW, the entire installed capacity in Africa is 64,000 MW, the executive said. “This is a huge demand.”
The company has cash reserves of Rs8,000 crore. It posted a net profit of Rs2,859 crore on revenues of Rs21,401 crore in the fiscal year to March and aims to become a $10 billion (Rs49,000crore)-plus company by 2011-12.
Bhel, which has manufacturing capacity of 10,000MW a year, plans to produce equipment capable of generating 56,000MW a year by 2012.
“We are expecting a 35% growth this year. However, we will not be able to maintain such high levels of growth due to increasing number of entrants in the market,” Ravi Kumar had earlier told Mint.
Source:
http://www.livemint.com/2008/11/04005944/Bhel-looks-to-overseas-project.html
Sunday, November 2, 2008
No slowdown in orders seen: BHEL
BHEL has announced its second quarter numbers. Its Q2 net profit declined at Rs 615.77 crore versus Rs 687.66 crore, (YoY).
Its standalone net sales went up at Rs 5,342.63 crore from Rs 3,965.36 crore (YoY).
K Ravi Kumar, CMD of BHEL, said the company profits were down due to the one-time income during Q2 last year. Kumar said the company had booked about Rs 27,000 crore worth of orders, and the total outstanding order book stood at Rs 1.05 lakh currently, 85% of which came from the state and government.
Kumar also added that he doesn’t see any slowdown in or cancellation of orders. Operating margins will be recouped over next two quarters, he said.
read complete interview at :
http://news.moneycontrol.com/india/news/results-boardroom/no-slowdown-orders-seenbhel/19/55/363932
Its standalone net sales went up at Rs 5,342.63 crore from Rs 3,965.36 crore (YoY).
K Ravi Kumar, CMD of BHEL, said the company profits were down due to the one-time income during Q2 last year. Kumar said the company had booked about Rs 27,000 crore worth of orders, and the total outstanding order book stood at Rs 1.05 lakh currently, 85% of which came from the state and government.
Kumar also added that he doesn’t see any slowdown in or cancellation of orders. Operating margins will be recouped over next two quarters, he said.
read complete interview at :
http://news.moneycontrol.com/india/news/results-boardroom/no-slowdown-orders-seenbhel/19/55/363932
Thursday, October 30, 2008
BHEL to set up training centre in WB
Bharat Heavy Electricals Limited (BHEL) on Monday said it is setting up an industrial training centre at Bolpur in West Bengal.
“BHEL is setting up Industrial Training Centre (ITC) at Bolpur in West Bengal along with Damodar Valley Corporation (DVC) and Coal India Ltd (CIL),” a company statement said.
This institute, which is being developed at a cost of Rs 23 crore, would provide a pool of talented youth with enhanced skills, it said. – PTI
ref:
http://www.thehindubusinessline.com/blnus/27281115.htm
“BHEL is setting up Industrial Training Centre (ITC) at Bolpur in West Bengal along with Damodar Valley Corporation (DVC) and Coal India Ltd (CIL),” a company statement said.
This institute, which is being developed at a cost of Rs 23 crore, would provide a pool of talented youth with enhanced skills, it said. – PTI
ref:
http://www.thehindubusinessline.com/blnus/27281115.htm
Tuesday, October 28, 2008
Era Infra bags Power Project worth Rs450 cr from Bhel
Era Infra Engineering Ltd has bagged a Rs450 crore-contract from Bhel to construct a new power plant at Bawana in the national capital.
As per the contract, the company would execute civil work of the value of Rs199 crore, Era Infra Engineering, flagship company of Era Group, said in a statement.
The total value of the contract includes the cost of cement and steel, which will be supplied by Bhel under the term of the contract. The project is scheduled to be completed by September 2010.
The scope of the work includes complete civil structural and architectural works for main plant, balance of plant and various buildings including induced draft cooling towers at two units of 759 MW each of Pragati-III combined cycle power project at Bawana in Delhi.
“This power plant holds great significance as it will supply power to the upcoming Commonwealth Games 2010,” the statement added.
EIEL is a fully integrated infrastructure firm. The company develops and contracts highways, railways, airports, power and industrial projects.
SOurce:
http://www.livemint.com/2008/10/27172600/Era-Infra-bags-Power-Project-w.html
As per the contract, the company would execute civil work of the value of Rs199 crore, Era Infra Engineering, flagship company of Era Group, said in a statement.
The total value of the contract includes the cost of cement and steel, which will be supplied by Bhel under the term of the contract. The project is scheduled to be completed by September 2010.
The scope of the work includes complete civil structural and architectural works for main plant, balance of plant and various buildings including induced draft cooling towers at two units of 759 MW each of Pragati-III combined cycle power project at Bawana in Delhi.
“This power plant holds great significance as it will supply power to the upcoming Commonwealth Games 2010,” the statement added.
EIEL is a fully integrated infrastructure firm. The company develops and contracts highways, railways, airports, power and industrial projects.
SOurce:
http://www.livemint.com/2008/10/27172600/Era-Infra-bags-Power-Project-w.html
Friday, October 24, 2008
India's BHEL gets $295 mln contract from NTPC
India's Bharat Heavy Electricals Ltd (BHEL.BO: Quote, Profile, Research) said on Thursday it has won a 14.7 billion rupees ($295 million) contract from state-run NTPC Ltd (NTPC.BO: Quote, Profile, Research).
BHEL will set up two 660 megawatts steam turbine generators for NTPC's Barh thermal power project in Bihar, it said in a release. ($1=49.75 rupees) (Reporting by Prashant Mehra; Editing by John Mair)
Source:
http://in.reuters.com/article/hotStocks/idINNBMA00170520081023
BHEL will set up two 660 megawatts steam turbine generators for NTPC's Barh thermal power project in Bihar, it said in a release. ($1=49.75 rupees) (Reporting by Prashant Mehra; Editing by John Mair)
Source:
http://in.reuters.com/article/hotStocks/idINNBMA00170520081023
Tuesday, October 21, 2008
GE Transport, BHEL in joint venture
GE Transportation, a unit of the US-based General Electric Company, has formed a joint venture with Bharat Heavy Electricals Ltd to bid for the manufacture of 1,000 fuel-efficient, environment-friendly locomotives requisitioned by the Indian Railways.
BHEL gets $130 mn hydro power contract
The engines are expected to save millions of litres of diesel over the next 30 years for the Railways.
GE Transportation is likely to have a majority stake in the venture, while the remaining will be with Bhel, said Pratyush Kumar, president and CEO, GE Infrastructure.
The Railways will hold 26 per cent stake in whichever consortium wins the tender.
BHEL margins may come under pressure
Apart from the GE Transportation-Bhel combine, US-based Electro-Motive Diesel Inc is the other shortlisted bidder for the tender.
“In case we win, GE Transportation and Bhel will have to set up a manufacturing facility in Bihar from where the locomotives will be rolled out,” Kumar told DNA Money. GE will be supplying the technology and designs for the locomotives from its design centre in Bangalore.
More India business stories
The winner of the tender is expected to be named early next year.
It will take three years for the facility to come up in Bihar, Kumar said.
GE Transportation is already working on what is called ‘In India And For India Project’, he said.
BHEL will support the joint venture through its local knowledge and technology, logistics and construction expertise. Kumar said these locomotives will be a part of the company’s global Evolution® Series, which were introduced in 2005 in North America. Currently there are 2,800 units of these locomotives running globally.
These locomotives deliver 5 per cent higher fuel efficiency and a 40 per cent reduction in emissions over previous locomotives.
GE’s locomotive reduces fuel consumption by approximately 300,000 gallons, or more than 1.1 million litres, over the life of the locomotive, which is close to 30 years, said Kumar.
These locomotives have been designed in the John F Welch Technology Center in Bangalore, India, and will have a peak output of 6,000 GHP delivering 40 per cent more power at 30 per cent less weight than the locomotives of the same series currently being utilised in North America.
Source:
http://sify.com/finance/fullstory.php?id=14782073
BHEL gets $130 mn hydro power contract
The engines are expected to save millions of litres of diesel over the next 30 years for the Railways.
GE Transportation is likely to have a majority stake in the venture, while the remaining will be with Bhel, said Pratyush Kumar, president and CEO, GE Infrastructure.
The Railways will hold 26 per cent stake in whichever consortium wins the tender.
BHEL margins may come under pressure
Apart from the GE Transportation-Bhel combine, US-based Electro-Motive Diesel Inc is the other shortlisted bidder for the tender.
“In case we win, GE Transportation and Bhel will have to set up a manufacturing facility in Bihar from where the locomotives will be rolled out,” Kumar told DNA Money. GE will be supplying the technology and designs for the locomotives from its design centre in Bangalore.
More India business stories
The winner of the tender is expected to be named early next year.
It will take three years for the facility to come up in Bihar, Kumar said.
GE Transportation is already working on what is called ‘In India And For India Project’, he said.
BHEL will support the joint venture through its local knowledge and technology, logistics and construction expertise. Kumar said these locomotives will be a part of the company’s global Evolution® Series, which were introduced in 2005 in North America. Currently there are 2,800 units of these locomotives running globally.
These locomotives deliver 5 per cent higher fuel efficiency and a 40 per cent reduction in emissions over previous locomotives.
GE’s locomotive reduces fuel consumption by approximately 300,000 gallons, or more than 1.1 million litres, over the life of the locomotive, which is close to 30 years, said Kumar.
These locomotives have been designed in the John F Welch Technology Center in Bangalore, India, and will have a peak output of 6,000 GHP delivering 40 per cent more power at 30 per cent less weight than the locomotives of the same series currently being utilised in North America.
Source:
http://sify.com/finance/fullstory.php?id=14782073
BHEL bags Rs 641-cr contract from SJVNL
Bharat Heavy Electricals today said it has bagged Rs 641-crore contract for setting up a 412 MW hydro elec
tric plant from Satluj Jal Vidyut Nigam Ltd.
"BHEL has won a Rs 641 crore contract from Satluj Jal Vidyut Nigam Ltd (SJVNL) to set up a 412 MW Hydro Electric Project (HEP) in Himachal Pradesh," a company statement said.
The project is situated at Rampur on the downstream of the 6x250 MW Nathpa Jhakri HEP and will use the de-silted water discharged by that project.
BHEL's scope of work in the project includes design, manufacture, supply, installation and commissioning of complete electromechanical works for the project.
The equipment will be supplied by the company's units at Bhopal and Bangalore and the project is slated for commissioning in a tight schedule of 42 months.
BHEL has so far designed, manufactured, supplied and commissioned 365 hydro generating sets totalling to more than 16,996 MW in the country.
Source:
http://economictimes.indiatimes.com/News/News_By_Industry/Indl_Goods__Svs/BHEL_bags_Rs_641-cr_contract_from_SJVNL/articleshow/3624238.cms
tric plant from Satluj Jal Vidyut Nigam Ltd.
"BHEL has won a Rs 641 crore contract from Satluj Jal Vidyut Nigam Ltd (SJVNL) to set up a 412 MW Hydro Electric Project (HEP) in Himachal Pradesh," a company statement said.
The project is situated at Rampur on the downstream of the 6x250 MW Nathpa Jhakri HEP and will use the de-silted water discharged by that project.
BHEL's scope of work in the project includes design, manufacture, supply, installation and commissioning of complete electromechanical works for the project.
The equipment will be supplied by the company's units at Bhopal and Bangalore and the project is slated for commissioning in a tight schedule of 42 months.
BHEL has so far designed, manufactured, supplied and commissioned 365 hydro generating sets totalling to more than 16,996 MW in the country.
Source:
http://economictimes.indiatimes.com/News/News_By_Industry/Indl_Goods__Svs/BHEL_bags_Rs_641-cr_contract_from_SJVNL/articleshow/3624238.cms
Monday, October 20, 2008
Four Bhel-planned ventures may be hit
Bharat Heavy Electricals Ltd, or Bhel, fears that raising funds to buy equity in projects, which would generate 6,400MW of electricity, in partnership with state governments will be difficult due to the current liquidity crunch.
“We have plans to develop eight units of 800MW each. Though our (other) expansion will go ahead as planned as these are primarily brownfield expansions, we are concerned about raising money for these new projects. They may get affected,” said a Bhel executive, who did not wish to be named.
Bhel has said it plans to set up these projects using the so-called supercritical technology in partnership with Gujarat, Tamil Nadu, Andhra Pradesh and Karnataka governments, as reported by Mint on 16 January. Supercritical projects produce at least 660MW of energy and help in higher plant efficiencies and economies of scale. They are also considered to be more eco-friendly.
Bhel intends to pick up 26% equity stake in each of these projects—except in the venture with Tamil Nadu in which it has a 50% stake—that would require an investment of some Rs38,400 crore.
The company had embarked on this approach—to set up ventures with state government agencies—as it would generate steady orders for the firm as well as keep emerging rivals at bay.
While the rest of the joint ventures were yet to be formed, Bhel has formed a 50:50 venture with Tamil Nadu Electricity Board to build a power plant with installed capacity of 1,600MW. Regarding Bhel’s concerns about raising money, Smita Nagaraj, energy secretary of the Tamil Nadu government, said: “They (Bhel) have not communicated anything to us in this regard.”
The tremors of the global financial meltdown are already being felt in India’s infrastructure sector. Several companies shortlisted for bidding for the 4,000MW Tilaiya power project in Jharkhand have asked the Power Finance Corp. Ltd, overseeing the award of such projects, to defer the next round of bidding as they fear they can’t raise funds in a tightening credit market, as reported in Mint on 16 October.
Bhel is the only company in India that can manufacture boilers and turbines of 800MW and more. However, several companies, including France’s Alstom SA and Bharat Forge Ltd, Japan’s Toshiba Corp. and JSW Group, Italy’s Ansaldo Caldaie Spa and GB Engineering Enterprises Pvt. Ltd, and Larsen and Toubro Ltd and Japan’s Mitsubishi Heavy Industries Ltd (MHI) plan to establish joint ventures to set up manufacturing facilities in India.
“Bhel intends to have a significant presence in the power project value chain. The current financial crisis is going to impact the growth plans of power utilities,” said Amol Kotwal, deputy director, energy and power systems practice at consultant Frost and Sullivan. “It is going to be a wait-and-watch policy for firms such as Bhel.” The public sector unit has an approved capital expenditure of Rs4,200 crore of which it has spent Rs800 crore. It is planning an additional investment of Rs5,000 crore to reach production capacity of 20,000MW by 2011. The company currently has a manufacturing capacity of 10,000MW.
Bhel has cash reserves of Rs8,000 crore. It posted a net profit of Rs2,859 crore on revenues of Rs21,401 crore in financial year 2007-08, and has a present order book position of Rs1,10,000 crore. It generated orders worth Rs24,000 crore in the current financial year to March 2009 and aims to become a $10 billion (Rs48,700 crore)-plus company by 2011-12.
The Indian power sector is already facing a Rs4.51 trillion funding shortfall for its target of adding 78,577MW of capacity by 2012, requiring at current estimates some Rs10.31 trillion in investments. The country presently has a power generation capacity of 145,000MW.
-
source:
http://www.livemint.com/UserControls/2008/10/19220252/Four-Bhelplanned-ventures-may.html
“We have plans to develop eight units of 800MW each. Though our (other) expansion will go ahead as planned as these are primarily brownfield expansions, we are concerned about raising money for these new projects. They may get affected,” said a Bhel executive, who did not wish to be named.
Bhel has said it plans to set up these projects using the so-called supercritical technology in partnership with Gujarat, Tamil Nadu, Andhra Pradesh and Karnataka governments, as reported by Mint on 16 January. Supercritical projects produce at least 660MW of energy and help in higher plant efficiencies and economies of scale. They are also considered to be more eco-friendly.
Bhel intends to pick up 26% equity stake in each of these projects—except in the venture with Tamil Nadu in which it has a 50% stake—that would require an investment of some Rs38,400 crore.
The company had embarked on this approach—to set up ventures with state government agencies—as it would generate steady orders for the firm as well as keep emerging rivals at bay.
While the rest of the joint ventures were yet to be formed, Bhel has formed a 50:50 venture with Tamil Nadu Electricity Board to build a power plant with installed capacity of 1,600MW. Regarding Bhel’s concerns about raising money, Smita Nagaraj, energy secretary of the Tamil Nadu government, said: “They (Bhel) have not communicated anything to us in this regard.”
The tremors of the global financial meltdown are already being felt in India’s infrastructure sector. Several companies shortlisted for bidding for the 4,000MW Tilaiya power project in Jharkhand have asked the Power Finance Corp. Ltd, overseeing the award of such projects, to defer the next round of bidding as they fear they can’t raise funds in a tightening credit market, as reported in Mint on 16 October.
Bhel is the only company in India that can manufacture boilers and turbines of 800MW and more. However, several companies, including France’s Alstom SA and Bharat Forge Ltd, Japan’s Toshiba Corp. and JSW Group, Italy’s Ansaldo Caldaie Spa and GB Engineering Enterprises Pvt. Ltd, and Larsen and Toubro Ltd and Japan’s Mitsubishi Heavy Industries Ltd (MHI) plan to establish joint ventures to set up manufacturing facilities in India.
“Bhel intends to have a significant presence in the power project value chain. The current financial crisis is going to impact the growth plans of power utilities,” said Amol Kotwal, deputy director, energy and power systems practice at consultant Frost and Sullivan. “It is going to be a wait-and-watch policy for firms such as Bhel.” The public sector unit has an approved capital expenditure of Rs4,200 crore of which it has spent Rs800 crore. It is planning an additional investment of Rs5,000 crore to reach production capacity of 20,000MW by 2011. The company currently has a manufacturing capacity of 10,000MW.
Bhel has cash reserves of Rs8,000 crore. It posted a net profit of Rs2,859 crore on revenues of Rs21,401 crore in financial year 2007-08, and has a present order book position of Rs1,10,000 crore. It generated orders worth Rs24,000 crore in the current financial year to March 2009 and aims to become a $10 billion (Rs48,700 crore)-plus company by 2011-12.
The Indian power sector is already facing a Rs4.51 trillion funding shortfall for its target of adding 78,577MW of capacity by 2012, requiring at current estimates some Rs10.31 trillion in investments. The country presently has a power generation capacity of 145,000MW.
-
source:
http://www.livemint.com/UserControls/2008/10/19220252/Four-Bhelplanned-ventures-may.html
Thursday, October 16, 2008
BHEL may bid for Skoda Power: Sources
Industry sources have reported that BHEL has put in a non-binding bid for Skoda Power. BHEL officials have however declined to comment on the potential deal and Skoda Power could not be reached immediately for a response. The value of the transaction is pegged at one billion dollars. This is just one part of the many businesses that Skoda Holding has out on the block for sale. Sources say that the total value of the entire businesses on sale is at USD 17 billion. But BHEL is bidding only for the units that manufacture power equipment.
The advantage that BHEL will have, as sources say, is that Skoda Power has thermal technology for ultra super critical sets as well as technology for making equipment that generates nuclear power. Skoda Power is also building a manufacturing facility for power equipment in Chennai and this facility is also a part of the bid. BHEL is competing with 15 other global companies for this asset. There is also another Indian bidder from a private company. The bids are expected to open on October 15.
source:
http://news.moneycontrol.com/india/news/business/bhel-may-bid-for-skoda-power-sources/17/03/361312
The advantage that BHEL will have, as sources say, is that Skoda Power has thermal technology for ultra super critical sets as well as technology for making equipment that generates nuclear power. Skoda Power is also building a manufacturing facility for power equipment in Chennai and this facility is also a part of the bid. BHEL is competing with 15 other global companies for this asset. There is also another Indian bidder from a private company. The bids are expected to open on October 15.
source:
http://news.moneycontrol.com/india/news/business/bhel-may-bid-for-skoda-power-sources/17/03/361312
Friday, October 10, 2008
BHEL bags 13,828 MW orders in eastern region
Bharat Heavy Electricals (BHEL), eastern region will execute 38 projects adding up 13,828 MW in the 11th plan period, reports Business Standard.
In India, BHEL (Q, N,C,F)* is committed to add 78,000 MW during the same period. It is executing all the 3 projects identified by the Central government in the eastern region for continuous power supply during the upcoming Commonwealth Games in October 2010.
These are Mejia (power house-II), Durgapur Steel project and Koderma project that would add 3,000 MW of installed capacity in the region and are scheduled to be completed in around 35 months.
Chattisgarh State Electricity Board has recently awarded 500 MW Korba (West) project and 2X500 MW Marwah project to BHEL. Recently, BHEL has bagged Rs 22 billion contract for setting up a Combined Cycle Power Plant in Tripura on turnkey basis.
Source:
http://www.myiris.com/newsCentre/newsPopup.php?fileR=20081008074326193&dir=2008/10/08&secID=livenews
In India, BHEL (Q, N,C,F)* is committed to add 78,000 MW during the same period. It is executing all the 3 projects identified by the Central government in the eastern region for continuous power supply during the upcoming Commonwealth Games in October 2010.
These are Mejia (power house-II), Durgapur Steel project and Koderma project that would add 3,000 MW of installed capacity in the region and are scheduled to be completed in around 35 months.
Chattisgarh State Electricity Board has recently awarded 500 MW Korba (West) project and 2X500 MW Marwah project to BHEL. Recently, BHEL has bagged Rs 22 billion contract for setting up a Combined Cycle Power Plant in Tripura on turnkey basis.
Source:
http://www.myiris.com/newsCentre/newsPopup.php?fileR=20081008074326193&dir=2008/10/08&secID=livenews
Thursday, September 18, 2008
BHEL To Increase Manufacturing Capacity To 20,000 MW
Bharat Heavy Electricals has revealed that the company, in the coming three fiscals, will enhance its manufacturing capacity to 20,000 MW from the current 10,000 MW.
According to the sources, the company expects to reach the 15,000 MW manufacturing capacity mark by this year-end.
While commenting on the plan, Mr. K Ravi Kumar, CMD, BHEL said, “Attention is also being given to rebuild and retrofit existing facilities to enhance their life, accuracy and productivity through additional investment.”
The sources also disclosed that the company has inked MoU with Tamil Nadu Electricity Board for forming a joint venture to build a 2x800 MW supercritical thermal power project.
Its also learnt that the company has entered into another MoU with NTPC to form a joint venture for jointly executing EPC projects and power equipment manufacturing.
The company's turnover reached Rs 21,401 crore, posting a growth of 14.2 percent and net profit soared 19 percent over the previous year's to Rs 2,859 crore.
Source:
http://www.topnews.in/bhel-increase-manufacturing-capacity-20000-mw-268594
According to the sources, the company expects to reach the 15,000 MW manufacturing capacity mark by this year-end.
While commenting on the plan, Mr. K Ravi Kumar, CMD, BHEL said, “Attention is also being given to rebuild and retrofit existing facilities to enhance their life, accuracy and productivity through additional investment.”
The sources also disclosed that the company has inked MoU with Tamil Nadu Electricity Board for forming a joint venture to build a 2x800 MW supercritical thermal power project.
Its also learnt that the company has entered into another MoU with NTPC to form a joint venture for jointly executing EPC projects and power equipment manufacturing.
The company's turnover reached Rs 21,401 crore, posting a growth of 14.2 percent and net profit soared 19 percent over the previous year's to Rs 2,859 crore.
Source:
http://www.topnews.in/bhel-increase-manufacturing-capacity-20000-mw-268594
Tuesday, September 9, 2008
BHEL wins turnkey project in Tripura
Outbidding Alstom India in international competitive bidding (ICB), State-run Bharat Heavy Electricals Limited (BHEL) on Tuesday announced that it had won a contract for setting up a combined cycle power plant (CCPP) in Tripura on a turnkey basis involving supply and commissioning of two fuel-efficient advanced-class Frame 9FA gas turbines.
Rs. 2,200-cr. contract
The value of the contract is around Rs. 2,200 crore and the gas turbine-based CCPP is to be installed at Pallatana in Udaipur district of Tripura. The order has been placed on BHEL by ONGC Tripura Power Company Limited (OTPCL), a joint venture of ONGC, IL&FS and the Tripura Government. On commissioning, the project is expected to transform the power scenario of the entire North-Eastern region and act as a catalyst for its rapid economic development.
Officials said the order comprises two combined cycle modules (363.3 MW each) with a gross plant output of 726.6 MW. While the first block will be completed in 42 months, the second block is slated for completion in a tight schedule of 45 months, considering the critical transportation route through the North-Eastern States.
source:
http://www.hindu.com/2008/09/10/stories/2008091056201800.htm
Rs. 2,200-cr. contract
The value of the contract is around Rs. 2,200 crore and the gas turbine-based CCPP is to be installed at Pallatana in Udaipur district of Tripura. The order has been placed on BHEL by ONGC Tripura Power Company Limited (OTPCL), a joint venture of ONGC, IL&FS and the Tripura Government. On commissioning, the project is expected to transform the power scenario of the entire North-Eastern region and act as a catalyst for its rapid economic development.
Officials said the order comprises two combined cycle modules (363.3 MW each) with a gross plant output of 726.6 MW. While the first block will be completed in 42 months, the second block is slated for completion in a tight schedule of 45 months, considering the critical transportation route through the North-Eastern States.
source:
http://www.hindu.com/2008/09/10/stories/2008091056201800.htm
Sunday, September 7, 2008
BHEL to invest in castings & forgings facility
Bharat Heavy Electricals on Sunday said it will invest Rs 1,400 crore to build a manufacturing facility for castings and forgings, key components for power equipment.
BHEL has also formed a 50:50 joint venture company with Heavy Engineering Corporation (HEC) to cater to the needs of castings and forgings.
The new JV company would manufacture some of the castings and forgings required by the two units of HEC, Heavy Machine Building Plant (HMBP) and Heavy Machine Tools Plant (HMTP).
Source:
http://www.hindu.com/thehindu/holnus/006200809080323.htm
BHEL has also formed a 50:50 joint venture company with Heavy Engineering Corporation (HEC) to cater to the needs of castings and forgings.
The new JV company would manufacture some of the castings and forgings required by the two units of HEC, Heavy Machine Building Plant (HMBP) and Heavy Machine Tools Plant (HMTP).
Source:
http://www.hindu.com/thehindu/holnus/006200809080323.htm
Friday, September 5, 2008
Bhel to plug into overseas M&A biz unit again
Bhel has decided to revive its plans for setting up a dedicated unit for overseas acquisitions. The public sector company is in talks with global advisors such as PricewaterhouseCoopers, Ernst & Young, and KPMG for appointment of a consultant for the unit.
Bhel plans to zero in on small and medium-sized companies abroad. The PSU had a separate unit for this purpose earlier, but it failed to make an acquisition.
Bhel CMD Ravi Kumar confirmed the company is planning to revive its unit meant for overseas M&A activity, but refused to divulge details. “We’ve not earmarked any amount for our M&A activity. We felt a need to appoint global consultants as were not able to make inroads on our own,” he said.
The company faces territorial restrictions because of its collaborations with global players like GE and Siemens. Therefore, it is felt that overseas M&A will provide it the leverage to explore the global markets. Territorial restrictions do not allow Bhel to sell its products in markets where its collaborators are active.
“The separate business unit will be a centralised group based in New Delhi which will work in tandem with the selected global consultant. It will be a focused group that will take care of due diligence and other M&A procedures.
Acquisition will be, however, made by the unit which has synergy with the target company. So, if we are acquiring a boiler unit, it will be our Trichy unit which will be acquiring this company,” a senior Bhel official said.
Bhel will focus on acquiring new technologies, market access and product development. “It’s not just the power equipment business. We are also looking at companies in the rigs business and defence equipment,” the official said.
Bhel is looking at increasing its presence in West Asia, Europe and Africa
source:
http://economictimes.indiatimes.com/News/News_By_Industry/Bhel_to_plug_into_overseas_MA_biz_unit_again/articleshow/3450361.cms
Bhel plans to zero in on small and medium-sized companies abroad. The PSU had a separate unit for this purpose earlier, but it failed to make an acquisition.
Bhel CMD Ravi Kumar confirmed the company is planning to revive its unit meant for overseas M&A activity, but refused to divulge details. “We’ve not earmarked any amount for our M&A activity. We felt a need to appoint global consultants as were not able to make inroads on our own,” he said.
The company faces territorial restrictions because of its collaborations with global players like GE and Siemens. Therefore, it is felt that overseas M&A will provide it the leverage to explore the global markets. Territorial restrictions do not allow Bhel to sell its products in markets where its collaborators are active.
“The separate business unit will be a centralised group based in New Delhi which will work in tandem with the selected global consultant. It will be a focused group that will take care of due diligence and other M&A procedures.
Acquisition will be, however, made by the unit which has synergy with the target company. So, if we are acquiring a boiler unit, it will be our Trichy unit which will be acquiring this company,” a senior Bhel official said.
Bhel will focus on acquiring new technologies, market access and product development. “It’s not just the power equipment business. We are also looking at companies in the rigs business and defence equipment,” the official said.
Bhel is looking at increasing its presence in West Asia, Europe and Africa
source:
http://economictimes.indiatimes.com/News/News_By_Industry/Bhel_to_plug_into_overseas_MA_biz_unit_again/articleshow/3450361.cms
Thursday, September 4, 2008
ICICI Ventures, IL&FS likely to pick stake in NTPC-BHEL JV
ICICI Ventures and IL&FS -- are likely to pick up 50 per cent stake in the NTPC-BHEL joint venture, which was floated in April this year to manufacture power equipment.
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"We are meeting IL&FS and ICICI Ventures representatives on September 10. We will see that how much they can invest in this joint venture company," Minister of State for Power Jairam Ramesh told PTI.
At present, the two Navratnas PSUs have 50 per cent equity each in joint venture NTPC-BHEL Power Projects (NBPPL). The new entity will have a capacity of 5,000 mw per annum by 2014-15 at an investment of Rs 6,000 crore.
BHEL's former Director (Engineering) C P Singh has been appointed as Chairman and Managing Director of NBPPL.
The objective of setting up this JV company is to undertake engineering, procurement and construction (EPC) contract for power plants and manufacture equipments like turbine generators and boilers.
In a communique to the both Navratnas, the Power Ministry has clearly mentioned that the JV would not be government company and the process for bringing in more partners would start immediately.
The ministry made it clear that for achieving enormous managerial, commercial and technological flexibility, there is need of private partners to make it a private company. Despite being Navratna companies, NTPC and BHEL do not enjoy the managerial, commercial and technological flexibility, it added.
source:
http://www.business-standard.com/india/storypage.php?tp=on&autono=46017
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- Asian markets in a sea of red; Nikkei down 319pts
- NEWS DIGEST: Top Newspaper Headlines
- FIIs net sell Rs 1,935cr in F&O on Thursday
- Tech view: Markets flounder on Asian cues
- F&O Outlook: Nifty trend reversal below 4280
More
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Paper
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- British Airways eyes India tie-up
- State govt agrees to discuss land-for-land at peace talks
- India confident of positive NSG vote
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- Nissan to make nine new models at Chennai plant
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"We are meeting IL&FS and ICICI Ventures representatives on September 10. We will see that how much they can invest in this joint venture company," Minister of State for Power Jairam Ramesh told PTI.
At present, the two Navratnas PSUs have 50 per cent equity each in joint venture NTPC-BHEL Power Projects (NBPPL). The new entity will have a capacity of 5,000 mw per annum by 2014-15 at an investment of Rs 6,000 crore.
BHEL's former Director (Engineering) C P Singh has been appointed as Chairman and Managing Director of NBPPL.
The objective of setting up this JV company is to undertake engineering, procurement and construction (EPC) contract for power plants and manufacture equipments like turbine generators and boilers.
In a communique to the both Navratnas, the Power Ministry has clearly mentioned that the JV would not be government company and the process for bringing in more partners would start immediately.
The ministry made it clear that for achieving enormous managerial, commercial and technological flexibility, there is need of private partners to make it a private company. Despite being Navratna companies, NTPC and BHEL do not enjoy the managerial, commercial and technological flexibility, it added.
source:
http://www.business-standard.com/india/storypage.php?tp=on&autono=46017
Wednesday, September 3, 2008
NTPC and BHEL JV to sell 50% stake
September 04, 2008
NTPC and BHEL JV to sell 50% stake
BL reported that NTPC and BHEL Power Projects Private Limited a newly formed JV between state owned equipment maker Bharat Heavy Electricals Limited and power generation major NTPC Limited plans to sell up to a 50% stake to private companies.
BHEL and NTPC currently hold equal stakes in the JV that was formed in April this year to produce power equipment and build power stations in India and abroad.
A statement from BHEL said that “NTPC BHEL Power is planning to dilute its shares up to 50% with a view to inviting private partners to improve overall effectiveness and efficiency.” The statement did not provide any timeframe for the stake sale or the amount of money that will be raised through the transaction.
The release said that NBPPL will have a capacity of 5,000 MW a year by 2014-15 at an investment of INR 6,000 crore. It also said that Mr CP Singh director of BHEL’s has been appointed as the CMD of the JV Company.
Source:
http://steelguru.com/news/index/2008/09/04/NjE0Mzk%3D/NTPC_and_BHEL_JV_to_sell_50%252525_stake.html
NTPC and BHEL JV to sell 50% stake
BL reported that NTPC and BHEL Power Projects Private Limited a newly formed JV between state owned equipment maker Bharat Heavy Electricals Limited and power generation major NTPC Limited plans to sell up to a 50% stake to private companies.
BHEL and NTPC currently hold equal stakes in the JV that was formed in April this year to produce power equipment and build power stations in India and abroad.
A statement from BHEL said that “NTPC BHEL Power is planning to dilute its shares up to 50% with a view to inviting private partners to improve overall effectiveness and efficiency.” The statement did not provide any timeframe for the stake sale or the amount of money that will be raised through the transaction.
The release said that NBPPL will have a capacity of 5,000 MW a year by 2014-15 at an investment of INR 6,000 crore. It also said that Mr CP Singh director of BHEL’s has been appointed as the CMD of the JV Company.
Source:
http://steelguru.com/news/index/2008/09/04/NjE0Mzk%3D/NTPC_and_BHEL_JV_to_sell_50%252525_stake.html
Tuesday, September 2, 2008
BHEL Plans to set up Locomotive plant
Bharat Heavy Electricals (Bhel) will now set up a greenfield project for manufacturing locomotives in the country. It is already in talks with global majors such as French train maker Alstom, German rail transit solutions firm Bombardier Transportation GmbH, Siemens and General Electric for forming a joint venture. Bhel proposes to offer 49 per cent equity to its partner in the new venture. The project will start with an initial investment of Rs 1,000 crore.
The move comes after Bhel decided to bid for the tender floated by Indian Railways to procure 660 electric locomotives, at an estimated cost of Rs 25,000 crore. Bhel is already looking to tie-up with a foreign locomotive manufacturer to set up an electric locomotive factory in Madhepura, eastern Bihar. “This greenfield project will be a new venture. We’ve a board meeting on September 17, where the issue of offering 49% in the JV will be discussed. We’re already in talks with some international players and will announce the JV by end of this month,” a Bhel official confirmed.
The company has already identified two locations Bhopal in Madhya Pradesh and Vizag in Andhra Pradesh where this project will be set. The new JV will ensure an initial investment of Rs 1,000 crore, which may further be increased.
More at :
http://economictimes.indiatimes.com/News/News_By_Industry/Transportation/Railways/Bhel_plans_to_set_up_locomotive_plant/articleshow/3433764.cms
The move comes after Bhel decided to bid for the tender floated by Indian Railways to procure 660 electric locomotives, at an estimated cost of Rs 25,000 crore. Bhel is already looking to tie-up with a foreign locomotive manufacturer to set up an electric locomotive factory in Madhepura, eastern Bihar. “This greenfield project will be a new venture. We’ve a board meeting on September 17, where the issue of offering 49% in the JV will be discussed. We’re already in talks with some international players and will announce the JV by end of this month,” a Bhel official confirmed.
The company has already identified two locations Bhopal in Madhya Pradesh and Vizag in Andhra Pradesh where this project will be set. The new JV will ensure an initial investment of Rs 1,000 crore, which may further be increased.
More at :
http://economictimes.indiatimes.com/News/News_By_Industry/Transportation/Railways/Bhel_plans_to_set_up_locomotive_plant/articleshow/3433764.cms
Sunday, August 31, 2008
BHEL pockets order worth Rs 1155 crore from GVK Power
Bharat Heavy Electricals Limited (BHEL), India's largest power equipment manufacturer, has received an order worth Rs 1155 crore from GVK Power Limited, for setting up 2x270 MW thermal power generating units at Goindwal Sahib coal fired Thermal Power Project in Tarn Taran, Punjab.
The state run BHEL's scope in the present contract envisages design, engineering, manufacture, supply, erection and commissioning of steam turbines, generators, boilers and associated auxiliaries.
This is the second order bagged by BHEL for the 270 MW units, which are schedule to be synchronized during the XI Plan Period, ending March 2012.
Earlier this week, the company has bagged an order worth Rs 140 crore from UAE-based company, for supplying two gas turbine generating units of 42 MW each to International Energy Resources.
ref:
http://www.stockwatch.in/bhel-pockets-order-worth-rs-1155-crore-gvk-power-21123
The state run BHEL's scope in the present contract envisages design, engineering, manufacture, supply, erection and commissioning of steam turbines, generators, boilers and associated auxiliaries.
This is the second order bagged by BHEL for the 270 MW units, which are schedule to be synchronized during the XI Plan Period, ending March 2012.
Earlier this week, the company has bagged an order worth Rs 140 crore from UAE-based company, for supplying two gas turbine generating units of 42 MW each to International Energy Resources.
ref:
http://www.stockwatch.in/bhel-pockets-order-worth-rs-1155-crore-gvk-power-21123
Monday, August 25, 2008
NTPC-Bhel JV to rival private firms’ salaries
To attract and retain talent, newly-created NTPC Bhel Power Projects Pvt. Ltd (NBPPL) will offer pay packets similar to those offered by the private sector, said a top company official.
“I don’t think there are many such entities with public sector participation in the country that offer competitive salaries,” said C.P. Singh, chairman and managing director of NBPPL, an equal joint venture (JV) set up by Bharat Heavy Electricals Ltd (Bhel) and NTPC Ltd in April this year. “The only other example we have is of Bhel’s joint venture with General Electric Co. (GE), called Bhel-GE Gas Turbine Services Pvt. Ltd that provides after-market services for GE’s gas turbines.”
Source:
http://www.livemint.com/2008/08/25234819/NTPCBhel-JV-to-rival-private.html
“I don’t think there are many such entities with public sector participation in the country that offer competitive salaries,” said C.P. Singh, chairman and managing director of NBPPL, an equal joint venture (JV) set up by Bharat Heavy Electricals Ltd (Bhel) and NTPC Ltd in April this year. “The only other example we have is of Bhel’s joint venture with General Electric Co. (GE), called Bhel-GE Gas Turbine Services Pvt. Ltd that provides after-market services for GE’s gas turbines.”
Source:
http://www.livemint.com/2008/08/25234819/NTPCBhel-JV-to-rival-private.html
Thursday, August 21, 2008
BHEL asked to form empowered committee
The Group of Ministers (GoM) on Infrastructure headed by Union Finance Minister P. Chidambaram has asked Bharat Heavy Electricals Limited (BHEL) to constitute an empowered committee that would look into international practises on capacity booking and recommend the best possible practise to be adopted.
The GoM had recently examined the ability of BHEL to supply plant equipment for creation of generation capacity of 78, 0000 MW during the XI Plan. It also looked into the issue of incorporation of the price escalation clause in all contracts and capacity booking for importing critical imported equipment in view of the long lead times involved in supply of the same.
The GoM has desired that the empowered committee would suggest procedural and other changes required to adopt the advance booking system. These will be approved by the board of BHEL in due course. The empowered committee will also take decisions on capacity building in accordance with the above approved policy. BHEL will also examine the possibility of diverting material to other users to avoid cancellation charges, if any such eventuality arises. The GoM was of the view that these business decisions were necessary for BHEL to compete with other entities in this business.
On the issue of price escalation, it was decided that BHEL will, in all future contracts, incorporate a price variation clause as has been done by NTPC, which has already been accepted by the vendors. To enable efficient execution of power projects, it was necessary for BHEL and sub contractors to be suitably compensated for abnormal price increase. In each case, a committee of 4 to 5 persons including technical and financial heads of the project will make recommendations on price increase due to abnormal increase in price of raw material, components or other factors.
Source: http://www.hindu.com/2008/08/22/stories/2008082255591600.htm
The GoM had recently examined the ability of BHEL to supply plant equipment for creation of generation capacity of 78, 0000 MW during the XI Plan. It also looked into the issue of incorporation of the price escalation clause in all contracts and capacity booking for importing critical imported equipment in view of the long lead times involved in supply of the same.
The GoM has desired that the empowered committee would suggest procedural and other changes required to adopt the advance booking system. These will be approved by the board of BHEL in due course. The empowered committee will also take decisions on capacity building in accordance with the above approved policy. BHEL will also examine the possibility of diverting material to other users to avoid cancellation charges, if any such eventuality arises. The GoM was of the view that these business decisions were necessary for BHEL to compete with other entities in this business.
On the issue of price escalation, it was decided that BHEL will, in all future contracts, incorporate a price variation clause as has been done by NTPC, which has already been accepted by the vendors. To enable efficient execution of power projects, it was necessary for BHEL and sub contractors to be suitably compensated for abnormal price increase. In each case, a committee of 4 to 5 persons including technical and financial heads of the project will make recommendations on price increase due to abnormal increase in price of raw material, components or other factors.
Source: http://www.hindu.com/2008/08/22/stories/2008082255591600.htm
Wednesday, August 20, 2008
India's BHEL Enters Vietnam for $50 Million Hydropower Project, an Industrial Info News Alert
Bharat Heavy Electricals Limited (BOM: 500103) (BHEL) (Mumbai) recently forayed into Vietnam with a $50 million contract to construct a 200-megawatt (MW) hydroelectric power plant in the country. The contract will be funded through the line of credit of $45 million extended in January this year by the Indian government to its Vietnamese counterpart. The funds will be administered by the Export Import Bank of India (Mumbai).
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Tuesday, August 19, 2008
BHEL targets 6-fold jump in export earnings by 2012
Bharat Heavy Electricals Ltd has set an ambitious target to increase earnings from exports six-fold to Rs 8,000 crore in the next four years.
"We are targeting our exports to touch Rs 8,000 crore mark by the end of the current plan (2007-2012) period," BHEL Chairman and Managing Director K Ravi Kumar told PTI.
To support its endeavour to increase presence in the international market, BHEL is also looking at acquiring companies abroad mainly to augment technological skills. The target countries are Europe and the US, he said, admitting that the company was in talks with some firms.
He, however, declined to give details about the foreign companies saying they are bound by non-disclosure agreement.
Asked about the areas in which BHEL is looking for acquisitions, the CMD said overseas acquisition will be in the areas of transportation equipment and fans and the company is in talks with a couple of firms abroad.
"Our success record is very poor in this segment, but if we can acquire some companies, we may use their technology for manufacturing in our domestic facilities also," Ravi Kumar said.
He, however, admitted that BHEL's earlier model was not right. "We are planning to engage global consultants to advise us on such issues," he said.
It had earlier set aside Rs 10,000 crore for overseas acquisitions and a separate unit was also created within the company to oversee these operations but could not make any headway in the last two years. PTI
source:
http://www.ptinews.com/pti%5Cptisite.nsf/0/B9C6A4DB5929A4A2652574AA003BD299?OpenDocument
"We are targeting our exports to touch Rs 8,000 crore mark by the end of the current plan (2007-2012) period," BHEL Chairman and Managing Director K Ravi Kumar told PTI.
To support its endeavour to increase presence in the international market, BHEL is also looking at acquiring companies abroad mainly to augment technological skills. The target countries are Europe and the US, he said, admitting that the company was in talks with some firms.
He, however, declined to give details about the foreign companies saying they are bound by non-disclosure agreement.
Asked about the areas in which BHEL is looking for acquisitions, the CMD said overseas acquisition will be in the areas of transportation equipment and fans and the company is in talks with a couple of firms abroad.
"Our success record is very poor in this segment, but if we can acquire some companies, we may use their technology for manufacturing in our domestic facilities also," Ravi Kumar said.
He, however, admitted that BHEL's earlier model was not right. "We are planning to engage global consultants to advise us on such issues," he said.
It had earlier set aside Rs 10,000 crore for overseas acquisitions and a separate unit was also created within the company to oversee these operations but could not make any headway in the last two years. PTI
source:
http://www.ptinews.com/pti%5Cptisite.nsf/0/B9C6A4DB5929A4A2652574AA003BD299?OpenDocument
BHEL lines up $2.5 bn investment in next 4 years
BHEL announced on Thursday (14 Aug 2008), an investment of $2.5 bn (over Rs 10,000 crore) in the next four years to ramp up capacity to meeting the growing electricity needs.
"We will be investing Rs 5,000 crore in the first phase till December 2009 to reach 15,000 MW capacity. Besides, the Board has also approved an investment of similar amount to take the capacity to 20,000 MW by 2012," BHEL CMD K Ravi Kumar told PTI.
The investment is in line with the order book of the company, which has crossed the 1,00,000 mark and is still growing.On the issue of delay on part of BHEL to supply the equipments, Ravi said, BHEL was not responsible for it as most of the projects which have been facing time overrun are due to changes in the parameters. "Any change in the parameters requires a complete redesigning of the project and that causes delay sometimes," he said.
On the overseas expansion, the company is looking for acquisitions and is likely to appoint global consultants to advise them. Earlier BHEL had set aside Rs 10,000 crore for overseas expansion and were scouting for companies on its own. BHEL had earlier formed a separate unit for the same but the company did not take off, "Our model was perhaps not right, we should have a global consultant to advice us," Kumar said.
source:
http://economictimes.indiatimes.com/News/News_By_Industry/Indl_Goods__Svs/Engineering/BHEL_lines_up_25_bn_investment_in_next_4_years/articleshow/3364602.cms
"We will be investing Rs 5,000 crore in the first phase till December 2009 to reach 15,000 MW capacity. Besides, the Board has also approved an investment of similar amount to take the capacity to 20,000 MW by 2012," BHEL CMD K Ravi Kumar told PTI.
The investment is in line with the order book of the company, which has crossed the 1,00,000 mark and is still growing.On the issue of delay on part of BHEL to supply the equipments, Ravi said, BHEL was not responsible for it as most of the projects which have been facing time overrun are due to changes in the parameters. "Any change in the parameters requires a complete redesigning of the project and that causes delay sometimes," he said.
On the overseas expansion, the company is looking for acquisitions and is likely to appoint global consultants to advise them. Earlier BHEL had set aside Rs 10,000 crore for overseas expansion and were scouting for companies on its own. BHEL had earlier formed a separate unit for the same but the company did not take off, "Our model was perhaps not right, we should have a global consultant to advice us," Kumar said.
source:
http://economictimes.indiatimes.com/News/News_By_Industry/Indl_Goods__Svs/Engineering/BHEL_lines_up_25_bn_investment_in_next_4_years/articleshow/3364602.cms
Bhel can't stand losing orders to Chinese firms - CMD
Competition from home-grown private sector companies isn't all that bad, but losing orders to Chinese firms is what makes state-run power equipment supplier Bhel feel miserable, admits its Chairman and Managing Director K Ravi Kumar.
"I don't mind competition from private domestic players, but I feel bad if the order is won by any Chinese company," he told PTI, alluding to the 18,000 Mw worth equipment orders that the PSU has lost to Chinese companies.
Bhel also recently lost an order for supplying 800 Mw super critical technology to Andhra Pradesh Generation Company (APGENCO) to domestic company L&T-Mitsubishi Heavy Industries.
In India, International Competitive Bidding (ICB) route is strictly adhered to by the companies who bid for supplying equipments to the power projects. Whereas, there is no such system in China.
Asked whether Bhel lost orders despite ICB, Ravi Kumar said: "We have expertise for supplying equipments for 250 and 500 Mw but in between suddenly the norms were changed to 300 and 600 Mw only to accomodate Chinese firms. But this norm has now been removed."
But in the process, Bhel lost orders worth 18,000 Mw from private players.
Bhel, which has joined hands with French equipment maker Alstom for manufacturing 800 Mw in the super-critical technology, is bidding aggressively and is hoping to get orders in this in the near future.
source:
http://www.business-standard.com/india/storypage.php?tp=on&autono=44811
"I don't mind competition from private domestic players, but I feel bad if the order is won by any Chinese company," he told PTI, alluding to the 18,000 Mw worth equipment orders that the PSU has lost to Chinese companies.
Bhel also recently lost an order for supplying 800 Mw super critical technology to Andhra Pradesh Generation Company (APGENCO) to domestic company L&T-Mitsubishi Heavy Industries.
In India, International Competitive Bidding (ICB) route is strictly adhered to by the companies who bid for supplying equipments to the power projects. Whereas, there is no such system in China.
Asked whether Bhel lost orders despite ICB, Ravi Kumar said: "We have expertise for supplying equipments for 250 and 500 Mw but in between suddenly the norms were changed to 300 and 600 Mw only to accomodate Chinese firms. But this norm has now been removed."
But in the process, Bhel lost orders worth 18,000 Mw from private players.
Bhel, which has joined hands with French equipment maker Alstom for manufacturing 800 Mw in the super-critical technology, is bidding aggressively and is hoping to get orders in this in the near future.
source:
http://www.business-standard.com/india/storypage.php?tp=on&autono=44811
Friday, August 15, 2008
BHEL Announces Rs.10K Cr. Investment For Capacity Expansion
Bharat Heavy Electricals, the power equipment major announced an investment of over Rs.10, 000 crores in the next four years to ramp up capacity to meet the growing electricity needs.
BHEL's Chairman and Managing Director, K Ravi Kumar reportedly said that the company would invest Rs.5, 000 crores in its initial phase till December 2009 to reach 15,000 MW capacity. He said that the Board has also approved an investment of similar amount to take the capacity to 20,000 MW by 2012.
The report said that on the overseas expansion, the company is looking for acquisitions and is likely to appoint global consultants to advise them. Earlier, BHEL had set aside Rs.10, 000 crores for overseas expansion and were scouting for companies on its own.
Ref: http://www.rttnews.com/ArticleView.aspx?Id=685289&SMap=1
BHEL's Chairman and Managing Director, K Ravi Kumar reportedly said that the company would invest Rs.5, 000 crores in its initial phase till December 2009 to reach 15,000 MW capacity. He said that the Board has also approved an investment of similar amount to take the capacity to 20,000 MW by 2012.
The report said that on the overseas expansion, the company is looking for acquisitions and is likely to appoint global consultants to advise them. Earlier, BHEL had set aside Rs.10, 000 crores for overseas expansion and were scouting for companies on its own.
Ref: http://www.rttnews.com/ArticleView.aspx?Id=685289&SMap=1
BHEL reports Rs 384.41 crore profit in 1st quarter
BHEL reports Rs 384.41 crore net profit for the quarter ended June 30, 2008, a rise of 33 per cent compared with the same period last fiscal. It had registered a net profit of Rs 288.91 crore for the year-ago period.
Its income rose to 31.77 per cent at Rs 4,703.55 crore from Rs 3,569.56 crore in the same period last year, a company statement has said. - PTI
source:
http://www.thehindubusinessline.com/businessline/blnus/26141406.htm
Its income rose to 31.77 per cent at Rs 4,703.55 crore from Rs 3,569.56 crore in the same period last year, a company statement has said. - PTI
source:
http://www.thehindubusinessline.com/businessline/blnus/26141406.htm
Tuesday, August 5, 2008
BHEL secures contract worth Rs 200 crore from Vietnam firm
Bharat Heavy Electricals Limited (BHEL) has informed that it has secured a contract worth Rs 200 crore from a Vietnamese firm for its Hydro Power Project. The order has been placed by Nam Chien Hydropower Joint Stock Company of Vietnam, a state-owned company, with Song Da Corporation, one of the largest companies under the Ministry of Construction and Petro-Vietnam, the state owned giant Oil and Gas group, as major stakeholders. The contract envisages design, engineering, manufacture, supply and supervision of installation and commissioning of the complete Electro-mechanical equipment package for the hydro power project comprising two Pelton type hydro generating units of 100 MW each. The major equipment to be supplied for the project includes hydro turbines, generators, transformers, controls, monitoring and protection system and switchgear. The project is located in Muong La, 350 kilometres north of Hanoi and is slated to be completed by end-2010.
The capital good sector is presently going under pressure but on its reverse, market analysts are looking very optimistic and bullish on the counter. They have suggested 'Buy' call on BHEL as the company seems to have good prospects and advice investors to remain invested.
The counter has support at 1600 levels and the investors can look for a target of Rs 2100 levels in the long term.
source:
http://www.topnews.in/bhel-secures-contract-worth-rs-200-crore-vietnam-firm-256731
The capital good sector is presently going under pressure but on its reverse, market analysts are looking very optimistic and bullish on the counter. They have suggested 'Buy' call on BHEL as the company seems to have good prospects and advice investors to remain invested.
The counter has support at 1600 levels and the investors can look for a target of Rs 2100 levels in the long term.
source:
http://www.topnews.in/bhel-secures-contract-worth-rs-200-crore-vietnam-firm-256731
Sunday, July 27, 2008
India’s first pvt power plant to go commercial
The country’s first mega power project in the private sector will be fully commercial by August 15, Minister of State of Commerce and Power Jairam Ramesh said today.
The Minister, who is on the visit to the unit — 1,000-Mw O P Jindal Super Thermal Power Plant at Tamnar near Raigarh in Chhattisgarh, said private power companies should stop poaching on PSUs like NTPC and BHEL.
The first mega power plant is being set up by Jindal Power Ltd (JPL), an official statement said today.
The Rs 4,300-crore power complex, which has four units of 250 Mw each supplied by BHEL, is already feeding over 800 Mw into the grid
source:
http://www.business-standard.com/common/news_article.php?leftnm=3&subLeft=1&chklogin=N&autono=329797&tab=r
The Minister, who is on the visit to the unit — 1,000-Mw O P Jindal Super Thermal Power Plant at Tamnar near Raigarh in Chhattisgarh, said private power companies should stop poaching on PSUs like NTPC and BHEL.
The first mega power plant is being set up by Jindal Power Ltd (JPL), an official statement said today.
The Rs 4,300-crore power complex, which has four units of 250 Mw each supplied by BHEL, is already feeding over 800 Mw into the grid
source:
http://www.business-standard.com/common/news_article.php?leftnm=3&subLeft=1&chklogin=N&autono=329797&tab=r
Friday, July 25, 2008
BHEL eyes Phase III expansion, order book swells
The public sector Bharat Heavy Electricals Ltd (BHEL) here will be preparing detailed project report for the third phase of expansion to augment capacity for executing new orders, BHEL General Manager Incharge V Ananthakrishnan said.
Addressing workers here yesterday after assuming charge, Ananthakrishnan said the present order book of the BHEL unit here stood at Rs 20,000 crore and would go up further.
With continious growth in orders for power equipment, BHEL was already carrying out expansion in two phases at a cost of Rs 922 crore. The work was expected to be completed by March Next.
The proposed third phase of expansion would help add production capacity by 5000 MW to the existing cpacity of 15,000 MW.
The present order book position was comfortable for the next four years and sought the cooperation of the workers to register continuous growth.
BHEL outgoing Executive Director R N Mishra said the company was negotiating with Reliance Power for supplying five units of 800 MW super critical boilers worth Rs 2,600 crore.
He wanted the workers to prepare themselves to face stiff global competition by meeting delivery and time schedules.
source:
http://sify.com/finance/fullstory.php?id=14723613
Addressing workers here yesterday after assuming charge, Ananthakrishnan said the present order book of the BHEL unit here stood at Rs 20,000 crore and would go up further.
With continious growth in orders for power equipment, BHEL was already carrying out expansion in two phases at a cost of Rs 922 crore. The work was expected to be completed by March Next.
The proposed third phase of expansion would help add production capacity by 5000 MW to the existing cpacity of 15,000 MW.
The present order book position was comfortable for the next four years and sought the cooperation of the workers to register continuous growth.
BHEL outgoing Executive Director R N Mishra said the company was negotiating with Reliance Power for supplying five units of 800 MW super critical boilers worth Rs 2,600 crore.
He wanted the workers to prepare themselves to face stiff global competition by meeting delivery and time schedules.
source:
http://sify.com/finance/fullstory.php?id=14723613
Thursday, July 24, 2008
NPCIL-BHEL venture to float EoI for nuclear tech partner
Buoyed by Parliamentary approval to the India-U.S. nuclear deal, the joint venture between the Bharat Heavy Electricals Limited (BHEL) and the Nuclear Power Corporation of India Limited (NPCIL) has decided to float an Expression of Interest (EoI) to search for a ‘technology partner’ for 700 MWe, 1,000 MWe and 1,600 MWe turbine technology.
“The passage of the nuclear deal in Parliament and its positive outcome certainly augurs well for the joint venture.
“We will now move forward on the technology front and the joint venture will float an EoI next month to seek a technology partner for manufacture of 700 MWe, 1,000 MWe and 1,600 MWe turbines for nuclear plants. The attempt is to explore and evaluate various technology options available for steam turbine generation sets of 700 MWe rating and above and also enable BHEL to develop as an indigenous source capable of designing and manufacturing steam gensets of such ratings to meet the needs of various nuclear projects proposed to be set up in future,” BHEL Chairman and Managing Director K. Ravi Kumar said on Thursday.
Asserting that BHEL was ready to face challenges posed by the ambitious challenges proposed in the XI Plan, Mr. Kumar said his company had a tie up with Siemens on 600 MW super heat and 600 MW heat turbines and boilers.
The joint venture was formed in May to provide services for nuclear plants in India and abroad. The joint venture entity will carry out Engineering, Procurement and Construction (EPC) activity for nuclear power plants on mutually beneficial terms.
BHEL is now executing several contracts for NPCIL for equipment supply and erection including a prestigious contract for the turbine generator and secondary side equipment for the first prototype east breeder reactor (PFBR) of 500 MW rating being set up by the Bharatiya Nabhikiya Vidyut Nigam at Kalpakkam in Tamil Nadu.
Ref:
http://www.hindu.com/2008/07/25/stories/2008072553391500.htm
“The passage of the nuclear deal in Parliament and its positive outcome certainly augurs well for the joint venture.
“We will now move forward on the technology front and the joint venture will float an EoI next month to seek a technology partner for manufacture of 700 MWe, 1,000 MWe and 1,600 MWe turbines for nuclear plants. The attempt is to explore and evaluate various technology options available for steam turbine generation sets of 700 MWe rating and above and also enable BHEL to develop as an indigenous source capable of designing and manufacturing steam gensets of such ratings to meet the needs of various nuclear projects proposed to be set up in future,” BHEL Chairman and Managing Director K. Ravi Kumar said on Thursday.
Asserting that BHEL was ready to face challenges posed by the ambitious challenges proposed in the XI Plan, Mr. Kumar said his company had a tie up with Siemens on 600 MW super heat and 600 MW heat turbines and boilers.
The joint venture was formed in May to provide services for nuclear plants in India and abroad. The joint venture entity will carry out Engineering, Procurement and Construction (EPC) activity for nuclear power plants on mutually beneficial terms.
BHEL is now executing several contracts for NPCIL for equipment supply and erection including a prestigious contract for the turbine generator and secondary side equipment for the first prototype east breeder reactor (PFBR) of 500 MW rating being set up by the Bharatiya Nabhikiya Vidyut Nigam at Kalpakkam in Tamil Nadu.
Ref:
http://www.hindu.com/2008/07/25/stories/2008072553391500.htm
Monday, July 21, 2008
BHEL Q1 net rises 33% on higher sales
Buoyed by a healthy topline growth, State-owned equipment major Bharat Heavy Electricals Ltd (BHEL) on Monday announced a 33 per cent jump in net profit during the first quarter of the current fiscal.
BHEL’s net profit for the April-June period was Rs 384.41 crore against Rs 288.91 crore during the same period a year earlier, the company said in a statement to the Bombay Stock Exchange. Total revenue rose 34 per cent to Rs 4,620.98 crore during the quarter, up from Rs 3,440.20 crore.
Shares of BHEL closed down 1.56 per cent at Rs 1506.45 on the BSE. The results were announced after the market had closed.
Ref:
http://www.thehindubusinessline.com/2008/07/22/stories/2008072252160200.htm
BHEL’s net profit for the April-June period was Rs 384.41 crore against Rs 288.91 crore during the same period a year earlier, the company said in a statement to the Bombay Stock Exchange. Total revenue rose 34 per cent to Rs 4,620.98 crore during the quarter, up from Rs 3,440.20 crore.
Shares of BHEL closed down 1.56 per cent at Rs 1506.45 on the BSE. The results were announced after the market had closed.
Ref:
http://www.thehindubusinessline.com/2008/07/22/stories/2008072252160200.htm
Sunday, July 20, 2008
PM okays grant for APGenco, BHEL project
The Indian Prime Minister, Dr Manmohan Singh, on Thursday approved a grant of Rs 350 crore for the 125-MW Integrated Gasification Combined Cycle (IGCC) project being put up at Vijayawada in Andhra Pradesh, by a joint venture of Andhra Pradesh Power Generation Corporation (APGenco) and Bharat Heavy Electricals Ltd (BHEL).
The ‘Technology Demonstrator’ project costs Rs 950 crore. This is substantially higher than a conventional coal-fired project of similar size which would cost between Rs 500 crore and Rs 600 crore.
Originally, APGenco was to contribute Rs 530 crore for the project and BHEL, Rs 420 crore. Now it is expected that the Government’s contribution of Rs 350 crore would be taken as part of BHEL’s.
“That would be my recommendation,” Mr Jairam Ramesh, Union Minister of State for Power, told Business Line on Sunday.
Significance
In conventional coal-fired power plants, heat from coal burning in the boilers is used to convert water into steam which hits the turbines. In an IGCC plant, coal is first converted into a combustible gas. All the rest of it is the same as any natural gas-fired combined cycle power plant.
“Not only does the use of the IGCC technology lead to higher overall efficiency, it also leads to much lower greenhouse gas emissions compared with a conventional thermal power plant,” says Dr R. Chidambaram, Principal Scientific Adviser to the Government of India, in a letter he had written to the Prime Minister asking for the grant.
ref:
http://www.thehindubusinessline.com/2008/07/21/stories/2008072151540100.htm
The ‘Technology Demonstrator’ project costs Rs 950 crore. This is substantially higher than a conventional coal-fired project of similar size which would cost between Rs 500 crore and Rs 600 crore.
Originally, APGenco was to contribute Rs 530 crore for the project and BHEL, Rs 420 crore. Now it is expected that the Government’s contribution of Rs 350 crore would be taken as part of BHEL’s.
“That would be my recommendation,” Mr Jairam Ramesh, Union Minister of State for Power, told Business Line on Sunday.
Significance
In conventional coal-fired power plants, heat from coal burning in the boilers is used to convert water into steam which hits the turbines. In an IGCC plant, coal is first converted into a combustible gas. All the rest of it is the same as any natural gas-fired combined cycle power plant.
“Not only does the use of the IGCC technology lead to higher overall efficiency, it also leads to much lower greenhouse gas emissions compared with a conventional thermal power plant,” says Dr R. Chidambaram, Principal Scientific Adviser to the Government of India, in a letter he had written to the Prime Minister asking for the grant.
ref:
http://www.thehindubusinessline.com/2008/07/21/stories/2008072151540100.htm
Wednesday, July 16, 2008
BHEL bags Rs 160 crore order from UAE firm
Bharat Heavy Electricals Wednesday said it has received a Rs 160 crore order from an UAE firm for supply of two gas turbine generating units.
"The company has bagged an export contract for supply of two gas turbine generating units of 42 MW each from UAE-based firm International Energy Resources," a company release said.
The two units are planned to be used in different locations for the Mobile Power Plants.
This order comes close on the heels of a similar order received from Al Ghail Power LLC, another UAE-based company.
BHEL has so far set up 14 power projects in the Middle East apart from sub-stations and supply of equipment for the power and oil and gas sectors.
Establishing its global footprints, the company recently made its maiden entry into Syria by bagging a Rs 2,080 crore turnkey contract to develop 400 MW thermal power project in that country.
The order has been placed by Public Establishment of Electricity for Generation and Transmission (PEEGT), Ministry of Electricity, Syria.
The company will design, manufacture, supply, erect and commission the main plant equipment with associated auxiliaries, balance of plant and electricals and civil works.
source:
http://www.zeenews.com/articles.asp?aid=455769&sid=BUS&ssid=53
"The company has bagged an export contract for supply of two gas turbine generating units of 42 MW each from UAE-based firm International Energy Resources," a company release said.
The two units are planned to be used in different locations for the Mobile Power Plants.
This order comes close on the heels of a similar order received from Al Ghail Power LLC, another UAE-based company.
BHEL has so far set up 14 power projects in the Middle East apart from sub-stations and supply of equipment for the power and oil and gas sectors.
Establishing its global footprints, the company recently made its maiden entry into Syria by bagging a Rs 2,080 crore turnkey contract to develop 400 MW thermal power project in that country.
The order has been placed by Public Establishment of Electricity for Generation and Transmission (PEEGT), Ministry of Electricity, Syria.
The company will design, manufacture, supply, erect and commission the main plant equipment with associated auxiliaries, balance of plant and electricals and civil works.
source:
http://www.zeenews.com/articles.asp?aid=455769&sid=BUS&ssid=53
Monday, July 14, 2008
BHEL of India secures second 600 MW EPC contract
Bharat Heavy Electricals Limited (BHEL) has secured a repeat EPC contract for a 600 MW thermal power generating unit in the Indian state of Tamil Nadu.
Valued at INR21.8bn ($508m), the EPC contract has been awarded by the Tamil Nadu Electricity Board (TNEB). The 600 MW thermal power generating unit will be located at the North Chennai thermal power station.
This is the second order that BHEL has secured for a new unit designed to subcritical parameters. TNEB previously placed a similar EPC contract with BHEL for a 600 MW thermal power generating unit at the same power station.
For the latest contract, the boiler and its auxiliaries will be manufactured by BHEL at its Tiruchirapalli and Ranipet works in Tamil Nadu, while the steam turbine and generator will be manufactured at the company's Haridwar plant.
The pumps and heat exchangers will be manufactured at its Hyderabad plant and the electricals at the Bhopal plant, while controls and instrumentation will be supplied by BHEL's electronics division in Bangalore.
BHEL and TNEB have also recently signed a Memorandum of Understanding for the formation of a joint venture company to establish a 2 x 800 MW supercritical thermal power project.
source:http://pepei.pennnet.com/display_article/334248/6/ARTCL/none/none/1/BHEL-of-India-secures-second-600-MW-EPC-contract/
Valued at INR21.8bn ($508m), the EPC contract has been awarded by the Tamil Nadu Electricity Board (TNEB). The 600 MW thermal power generating unit will be located at the North Chennai thermal power station.
This is the second order that BHEL has secured for a new unit designed to subcritical parameters. TNEB previously placed a similar EPC contract with BHEL for a 600 MW thermal power generating unit at the same power station.
For the latest contract, the boiler and its auxiliaries will be manufactured by BHEL at its Tiruchirapalli and Ranipet works in Tamil Nadu, while the steam turbine and generator will be manufactured at the company's Haridwar plant.
The pumps and heat exchangers will be manufactured at its Hyderabad plant and the electricals at the Bhopal plant, while controls and instrumentation will be supplied by BHEL's electronics division in Bangalore.
BHEL and TNEB have also recently signed a Memorandum of Understanding for the formation of a joint venture company to establish a 2 x 800 MW supercritical thermal power project.
source:http://pepei.pennnet.com/display_article/334248/6/ARTCL/none/none/1/BHEL-of-India-secures-second-600-MW-EPC-contract/
Sunday, July 13, 2008
NTPC-BHEL JV to invest Rs.6000 crore in power equipment plant
NTPC-BHEL Power Projects Pvt Ltd. (NBPPL), an equal joint venture (JV) between India's top power producer NTPC Ltd and Bharat Heavy Electricals Ltd (BHEL), said it plans to invest Rs.6000 crore ($1.5 billion) in greenfield projects to set up a power equipment plant that would manufacture boilers and turbines.
Corporate homepages of NTPC Ltd and Bharat Heavy Electricals Ltd (BHEL) are seen in a composite image. NTPC-BHEL Power Projects Pvt Ltd. (NBPPL), an equal joint venture (JV) between India's top power producer NTPC Ltd and Bharat Heavy Electricals Ltd...Article Tags
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More News Related to turbines >>The plant is expected to begin operations by 2013 and would produce the equipments for power plants with an annual capacity of 5000 megawatts (MW) of greenfield thermal capacity.
The location of the plant has not yet been decided.
According to Jairam Ramesh, Minister of State for Power and Commerce, the JV enterprise would undertake three broad categories of businesses in three phases.
In the first phase, the enterprise would compete for securing engineering procurement and construction contracts for power projects in India and overseas. This would be followed by the manufacture of critical balance-of-plant equipment for power units and, in the final phase, it would set up a power equipment manufacturing plant.
The funds for the project would be raised from a mix of debt and equity in 70:30 ratio, Ramesh said.
The Noida-based JV enterprise was set up jointly by NTPC and BHEL in December with an initial capital infusion of Rs.5 crore and is likely to get its first CEO by the end of this month.
The enterprise is likely to put up manufacturing bases across three possible sites: Visakhapatnam for boilers, Pune for turbines and a possible site in West Bengal for balance-of-plant equipment
source:
http://in.ibtimes.com/articles/20080713/ntpc-bhel-power-equipment-turbines-boilers.htm
Corporate homepages of NTPC Ltd and Bharat Heavy Electricals Ltd (BHEL) are seen in a composite image. NTPC-BHEL Power Projects Pvt Ltd. (NBPPL), an equal joint venture (JV) between India's top power producer NTPC Ltd and Bharat Heavy Electricals Ltd...Article Tags
bhel boilers equipment ntpc power turbines
More News Related to bhel >>
More News Related to boilers >>
More News Related to equipment >>
More News Related to ntpc >>
More News Related to power >>
More News Related to turbines >>The plant is expected to begin operations by 2013 and would produce the equipments for power plants with an annual capacity of 5000 megawatts (MW) of greenfield thermal capacity.
The location of the plant has not yet been decided.
According to Jairam Ramesh, Minister of State for Power and Commerce, the JV enterprise would undertake three broad categories of businesses in three phases.
In the first phase, the enterprise would compete for securing engineering procurement and construction contracts for power projects in India and overseas. This would be followed by the manufacture of critical balance-of-plant equipment for power units and, in the final phase, it would set up a power equipment manufacturing plant.
The funds for the project would be raised from a mix of debt and equity in 70:30 ratio, Ramesh said.
The Noida-based JV enterprise was set up jointly by NTPC and BHEL in December with an initial capital infusion of Rs.5 crore and is likely to get its first CEO by the end of this month.
The enterprise is likely to put up manufacturing bases across three possible sites: Visakhapatnam for boilers, Pune for turbines and a possible site in West Bengal for balance-of-plant equipment
source:
http://in.ibtimes.com/articles/20080713/ntpc-bhel-power-equipment-turbines-boilers.htm
Friday, July 11, 2008
BHEL bags Rs21.75bn contract from TN
BHEL has secured a Rs21,750 mn, the EPC contract for setting up a 600 MW thermal power generating unit in Tamil Nadu, on EPC basis by Tamil Nadu Electricity Board TNEB
This is the second order secured by BHEL for the new rating unit of 600 MW designed to sub critical parameters and is a testimony to the customers confidence in the companys capabilities and proven technological excellence.
TNEB has earlier placed a similar EPC contract on BHEL for setting up a 600 MW thermal power generating unit at the same power station.
For the contract, the Boiler and its auxiliaries will be manufactured by BHEL at its Tiruchirapalli and Ranipet works in Tamil Nadu, while the Steam Turbine and Generator will be manufactured at the companys Haridwar plant.
The Pumps and Heat Exchangers will be manufactured at its Hyderabad plant and Electricals at the Bhopal plant, while the state of the art Controls and instrumentation system will be supplied by BHELs Electronics Division, Bangalore.
BHEL and TNEB have recently signed a MoU for the formation of a Joint Venture Company for setting up a 2x800 MW Supercritical Thermal Power Project Udangudi in Tiruchendur Taluk of Tuticorin District in Tamil Nadu, with principal equity stake from BHEL and TNEB.
The project, with a total capital outlay of around Rs.85,000mn, will be the first supercritical power project in the state of Tamil Nadu and will strengthen the power availability in the state. These initiatives will give a tremendous boost to the developmental efforts of the Govt. of Tamil Nadu.
ref:
http://www.indiainfoline.com/news/innernews.asp?storyId=73114&lmn=1
This is the second order secured by BHEL for the new rating unit of 600 MW designed to sub critical parameters and is a testimony to the customers confidence in the companys capabilities and proven technological excellence.
TNEB has earlier placed a similar EPC contract on BHEL for setting up a 600 MW thermal power generating unit at the same power station.
For the contract, the Boiler and its auxiliaries will be manufactured by BHEL at its Tiruchirapalli and Ranipet works in Tamil Nadu, while the Steam Turbine and Generator will be manufactured at the companys Haridwar plant.
The Pumps and Heat Exchangers will be manufactured at its Hyderabad plant and Electricals at the Bhopal plant, while the state of the art Controls and instrumentation system will be supplied by BHELs Electronics Division, Bangalore.
BHEL and TNEB have recently signed a MoU for the formation of a Joint Venture Company for setting up a 2x800 MW Supercritical Thermal Power Project Udangudi in Tiruchendur Taluk of Tuticorin District in Tamil Nadu, with principal equity stake from BHEL and TNEB.
The project, with a total capital outlay of around Rs.85,000mn, will be the first supercritical power project in the state of Tamil Nadu and will strengthen the power availability in the state. These initiatives will give a tremendous boost to the developmental efforts of the Govt. of Tamil Nadu.
ref:
http://www.indiainfoline.com/news/innernews.asp?storyId=73114&lmn=1
BHEL gearing up to produce super critical boilers
Bharat Heavy Electricals Limited is gearing up to produce super critical or 'once through' boilers of above 600 MW and had already received a number of orders, according to a top company official.
The first order for manufacturing and installing two 600 MW plants was received from Bihar. The Andhra Pradesh Power Development Company was almost finalising their orders for super critical thermal power plants, R N Mishra, Executive Director of the public sector BHEL (Tiruchirapalli) said.
"We are well placed to bag orders for two units of 800 MW capacity power plants, to be commissioned at Krishnapattinam near Nellore in Andhra Pradesh," he said, speaking at the annual sub-contractors meet.
Besides PSUs like National Thermal Power Corporation and other state government power undertakings, private players had also evinced interest in placing orders for 600 MW and 800 MW.
he said BHEL was in the process of expanding production capacity at a total investment of Rs 1000 crore.
A Chandrababu, general manager (outsourcing), who also spoke, said the company was looking at outsourcing more than 3.5 lakh tonnes of components made by BHEL sub-contractors. he said the piping centre at chennai had already outsourced 18000 tonnes,which would be enhanced to 30000 tonnes this year
Chandrababu said three prominent sub contractors had invested Rs 10 crore each to install state-of-the-art auto welding machines. About 15 vendors had signed an MoU with BHEL to deliver 500 tonnes a month, he added
ref:
http://www.hindu.com/thehindu/holnus/006200807111321.htm
The first order for manufacturing and installing two 600 MW plants was received from Bihar. The Andhra Pradesh Power Development Company was almost finalising their orders for super critical thermal power plants, R N Mishra, Executive Director of the public sector BHEL (Tiruchirapalli) said.
"We are well placed to bag orders for two units of 800 MW capacity power plants, to be commissioned at Krishnapattinam near Nellore in Andhra Pradesh," he said, speaking at the annual sub-contractors meet.
Besides PSUs like National Thermal Power Corporation and other state government power undertakings, private players had also evinced interest in placing orders for 600 MW and 800 MW.
he said BHEL was in the process of expanding production capacity at a total investment of Rs 1000 crore.
A Chandrababu, general manager (outsourcing), who also spoke, said the company was looking at outsourcing more than 3.5 lakh tonnes of components made by BHEL sub-contractors. he said the piping centre at chennai had already outsourced 18000 tonnes,which would be enhanced to 30000 tonnes this year
Chandrababu said three prominent sub contractors had invested Rs 10 crore each to install state-of-the-art auto welding machines. About 15 vendors had signed an MoU with BHEL to deliver 500 tonnes a month, he added
ref:
http://www.hindu.com/thehindu/holnus/006200807111321.htm
Monday, July 7, 2008
NTPC-Bhel JV to invest Rs 6,000 cr in new unit
NTPC-BHEL Power Projects (NBPPL), a 50:50 JV between NTPC and BHEL, will invest Rs 6,000 crore to set up a power equipment manufacturing facility that will churn out boilers and turbines equipped to charge up 5,000 MW of greenfield thermal capacity by calendar 2013. This was announced in Kolkata by Union minister of state for power and commerce Jairam Ramesh on Sunday.
“We’ve readied NBPPL’s business plan and it will be placed for discussions soon. NBPPL will undertake three broad categories of business and it will be taken up in three phases,” said Mr Ramesh.
Elaborating, he said: “In the first phase, the company will vie for engineering procurement and construction jobs for power plants in India and abroad. The second phase will involve manufacturing a critical balance of plant equipment for power units and in the final phase, it will set up a power equipment manufacturing plant.
The plant will have a capacity to manufacture critical components — boilers and turbines — for power plants with an annual capacity of 5,000 mw by 2013,” said K Ravi Kumar, CMD, BHEL. The location of the plant, however, has not yet been finalised.
More at:
http://economictimes.indiatimes.com/News/News_By_Industry/Energy/NTPC-Bhel_JV_to_invest_Rs_6000_cr_in_new_unit/articleshow/3208696.cms
“We’ve readied NBPPL’s business plan and it will be placed for discussions soon. NBPPL will undertake three broad categories of business and it will be taken up in three phases,” said Mr Ramesh.
Elaborating, he said: “In the first phase, the company will vie for engineering procurement and construction jobs for power plants in India and abroad. The second phase will involve manufacturing a critical balance of plant equipment for power units and in the final phase, it will set up a power equipment manufacturing plant.
The plant will have a capacity to manufacture critical components — boilers and turbines — for power plants with an annual capacity of 5,000 mw by 2013,” said K Ravi Kumar, CMD, BHEL. The location of the plant, however, has not yet been finalised.
More at:
http://economictimes.indiatimes.com/News/News_By_Industry/Energy/NTPC-Bhel_JV_to_invest_Rs_6000_cr_in_new_unit/articleshow/3208696.cms
Sunday, July 6, 2008
BHEL set to bag Rs 25 bn order for boilers
Bharat Heavy Electricals (BHEL) is set to win the order for boilers for the 1,600-mw Krishnapatnam power project of Andhra Pradesh Power Generation Corporation (APGENCO), reports Business Line.
It is understood, BHEL (Q, N,C,F)* beat the L&T-Mitsubishi Heavy Industries (MHI) joint venture to the order by a very slim margin. The order is valued at Rs 25 billion.
The final value of the contract is being worked out by the project consultants, because some adjustments would need to be made to the bid value. It is also learnt that the order is yet to be formally placed on BHEL, but now it is only a formality.
Shares of the company closed up Rs 103.7, or 7.43%, at Rs 1500.3. The total volume of shares at the BSE traded was 518,297 (Friday).
source:
http://www.myiris.com/newsCentre/newsPopup.php?fileR=20080707080655173&dir=2008/07/07&secID=livenews
It is understood, BHEL (Q, N,C,F)* beat the L&T-Mitsubishi Heavy Industries (MHI) joint venture to the order by a very slim margin. The order is valued at Rs 25 billion.
The final value of the contract is being worked out by the project consultants, because some adjustments would need to be made to the bid value. It is also learnt that the order is yet to be formally placed on BHEL, but now it is only a formality.
Shares of the company closed up Rs 103.7, or 7.43%, at Rs 1500.3. The total volume of shares at the BSE traded was 518,297 (Friday).
source:
http://www.myiris.com/newsCentre/newsPopup.php?fileR=20080707080655173&dir=2008/07/07&secID=livenews
Wednesday, July 2, 2008
Power sector to influence economic growth: Montek
Soaring crude oil prices and rising inflation will be hurdle for India in achieving the proposed economic growth, said Deputy Chairman of Planning Commission Montek Singh Ahluwalia.
Unless the problem in power sector sorted out, the economic growth will adversely affect the country’s economic policies, he said after releasing a Mckinsey report titled “Powering India, the road to 2017” on Monday.
Currently the losses in the power sector stood at a high 35 percent and the state governments need to take measures to reduce the AT&C losses, he said. However, the report indicates that AT&C losses could be brought down to 15 percent by 2017, he added.
The McKinsey report has introduced the ten-point programme to make Indian power sector vibrant. The programme aims to address—viability and market risks, slow pace of capacity addition, inadequate fuel supplies and operational inefficiencies.
The report has suggested that a focused distribution sector reforms could reduce AT&C losses to 15 percent by 2017. Incidentally, the government planned to achieve this targeted by the end of 10th Plan period ending 2007. It has also suggested creation of a well functioning wholesale market for power trading.
Introducing differential peaking tariffs will supplement in improving market mechanisms, the report has said. “Prepare and bid over 140 project sites by 2012, with end-to-end approvals in place,” the report has suggested.
Source:
http://www.commodityonline.com/news/topstory/Power-sector-to-influence-economic-growth-Montek-10145-3.html
Unless the problem in power sector sorted out, the economic growth will adversely affect the country’s economic policies, he said after releasing a Mckinsey report titled “Powering India, the road to 2017” on Monday.
Currently the losses in the power sector stood at a high 35 percent and the state governments need to take measures to reduce the AT&C losses, he said. However, the report indicates that AT&C losses could be brought down to 15 percent by 2017, he added.
The McKinsey report has introduced the ten-point programme to make Indian power sector vibrant. The programme aims to address—viability and market risks, slow pace of capacity addition, inadequate fuel supplies and operational inefficiencies.
The report has suggested that a focused distribution sector reforms could reduce AT&C losses to 15 percent by 2017. Incidentally, the government planned to achieve this targeted by the end of 10th Plan period ending 2007. It has also suggested creation of a well functioning wholesale market for power trading.
Introducing differential peaking tariffs will supplement in improving market mechanisms, the report has said. “Prepare and bid over 140 project sites by 2012, with end-to-end approvals in place,” the report has suggested.
Source:
http://www.commodityonline.com/news/topstory/Power-sector-to-influence-economic-growth-Montek-10145-3.html
Tuesday, July 1, 2008
BHEL loses order to BGR Energy, Chennai! ( or to Dongfang, Cjina???)
The Chennai-based BGR Energy Systems Ltd on Tuesday announced it had won an ‘engineering, procurement, construction’ contract from Tamil Nadu Electricity Board (TNEB). The job, worth Rs 3,100 crore, is for building a single unit of 600 MW, coal-based power project at Mettur, Tamil Nadu.
BGR Energy has won the contract over the public sector power equipment major, BHEL, which was the only other bidder in the international tender.
The boilers, turbines and generators will be supplied from Dongfang, the Chinese power equipment manufacturer.
The ‘balance of plant’ will be produced in-house by BGR Energy. The project includes the installation of a ‘gas insulated substation’, which will also be imported.
Addressing a press conference here, Mr B.G. Raghupathy, Chairman and Managing Director, BGR Energy, said the value of materials and services provided “in-house” is about Rs 1,500 crore (rest being ‘bought-out’).
Source:
http://www.moneycontrol.com/india/news/business/bgr-energy-beats-bhel-to-bag-rs-3100-cr-tneb-order/08/58/345023
BGR Energy has won the contract over the public sector power equipment major, BHEL, which was the only other bidder in the international tender.
The boilers, turbines and generators will be supplied from Dongfang, the Chinese power equipment manufacturer.
The ‘balance of plant’ will be produced in-house by BGR Energy. The project includes the installation of a ‘gas insulated substation’, which will also be imported.
Addressing a press conference here, Mr B.G. Raghupathy, Chairman and Managing Director, BGR Energy, said the value of materials and services provided “in-house” is about Rs 1,500 crore (rest being ‘bought-out’).
Source:
http://www.moneycontrol.com/india/news/business/bgr-energy-beats-bhel-to-bag-rs-3100-cr-tneb-order/08/58/345023
Monday, June 30, 2008
India's BHEL wins 20.8 bln rupee thermal power contract from Syrian government
Bharat Heavy Electricals Ltd. (BHEL) won a 20.8 billion rupee turnkey contract for setting up a 400 mega watt thermal power project in Syria.
BHEL said Syria's public establishment of electricity for generation and transmission (PEEGT) and ministry of electricity placed the order for the Tishreen thermal power plant extension and that this represents BHEL's entry in Syrian power sector.
The project will be executed by the company over 33 months, it added.
Source:
http://www.forbes.com/afxnewslimited/feeds/afx/2008/06/30/afx5166558.html
BHEL said Syria's public establishment of electricity for generation and transmission (PEEGT) and ministry of electricity placed the order for the Tishreen thermal power plant extension and that this represents BHEL's entry in Syrian power sector.
The project will be executed by the company over 33 months, it added.
Source:
http://www.forbes.com/afxnewslimited/feeds/afx/2008/06/30/afx5166558.html
Saturday, June 28, 2008
BHEL made country proud: Jha
Union minister for Heavy Industry and Public Enterprises, Raghunath Jha visited various manufacturing blocks in BHEL, Bhopal and took keen interest in the electrical equipment manufactured by the Unit. He was given a warm welcome by the employees, Trade Union Representatives, Supervisors and Executives in large number.
The minister in his brief address said that the affection and warmth shown by the employees will remain forever with him. Appreciating the role of BHEL, Bhopal in the progress of the country, he said that the Navratna BHEL, Bhopal, a world class company has made the country proud.
Jha during his visit of the factory, dedicated CNC Turn Mill in Block-II. The state of art machine will boost up production of quality products, reduce cycle time of production and thus lead to greater productivity. The machine will help to do jobs performed at six places at one place.
Earlier, Jha made a visit to Chief Minister Shivraj Singh Chouhan. He apprised him of the ongoing expansion plans of BHEL, Bhopal, technology upgradation, and installation of state of the art imported machines in the plant to increase productivity. He also said
that BHEL has signed a JV with Nuclear Power Corporation and new Blocks will be constructed at Bhopal Unit to manufacture Nuclear Turbines.
The Chief Minister highly appreciated the ongoing capacity addition and expansion by BHEL, Bhopal and said that BHEL's role in the growth of Madhya Pradesh has been commendable. Madhya Pradesh Govt stands with BHEL, Bhopal and is ever ready to cooperate with the Company.
The minister also addressed general managers and senior officers of BHEL in a meeting. RK Singh, Executive Director apprised him of the on-going activities and future plans of BHEL. Prabhat Kumar, General Manager (P&D) made a presentation on the glorious past, vibrating present and bright future of the Unit. He in the presentation highlighted how BHEL, Bhopal set new benchmarks in all fields during fiscal year 2007-2008 and excellent performance during the first quarter of this financial year.
Jha congratulated BHEL employees and Management for historic growth of more than 20% in all fields and a brilliant performance during the first quarter of this year. He said that Management Employee relation in the unit is an example for the entire industrial sector.
He along with other senior officials planted saplings at Basant Park in Berkhera.
source:
http://www.centralchronicle.com/20080629/2906022.htm
The minister in his brief address said that the affection and warmth shown by the employees will remain forever with him. Appreciating the role of BHEL, Bhopal in the progress of the country, he said that the Navratna BHEL, Bhopal, a world class company has made the country proud.
Jha during his visit of the factory, dedicated CNC Turn Mill in Block-II. The state of art machine will boost up production of quality products, reduce cycle time of production and thus lead to greater productivity. The machine will help to do jobs performed at six places at one place.
Earlier, Jha made a visit to Chief Minister Shivraj Singh Chouhan. He apprised him of the ongoing expansion plans of BHEL, Bhopal, technology upgradation, and installation of state of the art imported machines in the plant to increase productivity. He also said
that BHEL has signed a JV with Nuclear Power Corporation and new Blocks will be constructed at Bhopal Unit to manufacture Nuclear Turbines.
The Chief Minister highly appreciated the ongoing capacity addition and expansion by BHEL, Bhopal and said that BHEL's role in the growth of Madhya Pradesh has been commendable. Madhya Pradesh Govt stands with BHEL, Bhopal and is ever ready to cooperate with the Company.
The minister also addressed general managers and senior officers of BHEL in a meeting. RK Singh, Executive Director apprised him of the on-going activities and future plans of BHEL. Prabhat Kumar, General Manager (P&D) made a presentation on the glorious past, vibrating present and bright future of the Unit. He in the presentation highlighted how BHEL, Bhopal set new benchmarks in all fields during fiscal year 2007-2008 and excellent performance during the first quarter of this financial year.
Jha congratulated BHEL employees and Management for historic growth of more than 20% in all fields and a brilliant performance during the first quarter of this year. He said that Management Employee relation in the unit is an example for the entire industrial sector.
He along with other senior officials planted saplings at Basant Park in Berkhera.
source:
http://www.centralchronicle.com/20080629/2906022.htm
Thursday, June 26, 2008
BHEL bags Rs 506 cr contract from ONGC
Bharat Heavy Electricals Limited (BHEL) has won a Rs 506 crore contract from Oil and Natural Gas Corporation Limited (ONGC) for refurbishing and upgrading 12 onshore drilling rigs and supply of new rig equipment.
The rigs were procured by ONGC in the 1970's and 1980's. Of these, nine were supplied by BHEL, while the rest were supplied by American companies.
SOurce:
http://sify.com/finance/fullstory.php?id=14703408
The rigs were procured by ONGC in the 1970's and 1980's. Of these, nine were supplied by BHEL, while the rest were supplied by American companies.
SOurce:
http://sify.com/finance/fullstory.php?id=14703408
Tuesday, June 24, 2008
BHEL-GE consortium bags Rs 2200 cr ONGC contract
Agartala: The state-owned Oil and Natural Gas Corporation (ONGC) has awarded a Rs 2200 crore power generation contract to a consortium comprising the state-run Bharat Heavy Electric Limited (BHEL) and US-based General Electric Company, officials said here Tuesday.
source:
http://sify.com/finance/equity/fullstory.php?id=14700967
source:
http://sify.com/finance/equity/fullstory.php?id=14700967
Monday, June 23, 2008
BHEL wins contract to setup 500MW unit at Bokaro TPS
Indian power engineering major Bharat Heavy Electricals has won a INR18.4 billion turnkey contract from the Damodar Valley Corporation for setting up a 500MW generating unit at the Bokaro thermal power station in the state of Jharkhand, India.
Three units of 210MW each, built by Bharat Heavy Electricals (BHEL), are already in operation at Damodar Valley Corporation's (DVC) Bokaro thermal power station (TPS).
BHEL's scope of work includes design, engineering, manufacture, supply, erection and commissioning of steam turbines, generators, boilers, associated auxiliaries, balance of plant and electricals, besides controls and instrumentation, electrostatic precipitators and civil works.
http://www.datamonitor.com
Ref:
http://www.tradingmarkets.com/.site/news/Stock%20News/1705988/
Three units of 210MW each, built by Bharat Heavy Electricals (BHEL), are already in operation at Damodar Valley Corporation's (DVC) Bokaro thermal power station (TPS).
BHEL's scope of work includes design, engineering, manufacture, supply, erection and commissioning of steam turbines, generators, boilers, associated auxiliaries, balance of plant and electricals, besides controls and instrumentation, electrostatic precipitators and civil works.
http://www.datamonitor.com
Ref:
http://www.tradingmarkets.com/.site/news/Stock%20News/1705988/
Sunday, June 22, 2008
BHEL eligible for Palatana project
The Oil and Natural Gas Corporation Ltd (ONGC) has announced that Bharat Heavy Electrical Ltd (BHEL) has emerged as the lowest bidder for the project construction contract for 740 MW gas-based Palatana power project in South Tripura, outbidding internationally acclaimed Alstom.
ONGC Tripura Power Company (P) Ltd (OTPC) has been jointly developed by the ONGC, Tripura government and IL&FS, to mobilise the abandoned natural gas for power generation that would be transmitted throughout the country.
Source:
http://sify.com/finance/fullstory.php?id=14699474
ONGC Tripura Power Company (P) Ltd (OTPC) has been jointly developed by the ONGC, Tripura government and IL&FS, to mobilise the abandoned natural gas for power generation that would be transmitted throughout the country.
Source:
http://sify.com/finance/fullstory.php?id=14699474
Friday, June 20, 2008
BHEL bags order worth Rs 18.4 bn by DVC
bagged an order for setting up a 500 MW power project in Jharkhand, on turnkey basis worth Rs 18.40 billion by Damodar Valley Corporation (DVC).
The order includes setting up of one unit of 500 MW at Bokaro A thermal power project. Three BHEL (Q, N,C,F)* built units of 210 MW each are already in operation at DVCs Bokaro thermal power station.
Considerably, DVC has earlier placed orders for 6 units of 500 MW each on BHEL in the last two years.
BHEL`s scope of work in the contract includes design, engineering, manufacture, supply, erection and commissioning of steam turbines, generators, boilers, associated auxiliaries, balance of plant and electricals, besides state of the art controls and instrumentation, electrostatic precipitators esps and civil works.
The company is favorably placed for another EPC job involving installation of a 750 MW combined cycle power plant in Tripura by ONGC Tripura Power Co.
source:
http://www.myiris.com/newsCentre/newsPopup.php?fileR=20080620142122193&dir=2008/06/20&secID=livenews
The order includes setting up of one unit of 500 MW at Bokaro A thermal power project. Three BHEL (Q, N,C,F)* built units of 210 MW each are already in operation at DVCs Bokaro thermal power station.
Considerably, DVC has earlier placed orders for 6 units of 500 MW each on BHEL in the last two years.
BHEL`s scope of work in the contract includes design, engineering, manufacture, supply, erection and commissioning of steam turbines, generators, boilers, associated auxiliaries, balance of plant and electricals, besides state of the art controls and instrumentation, electrostatic precipitators esps and civil works.
The company is favorably placed for another EPC job involving installation of a 750 MW combined cycle power plant in Tripura by ONGC Tripura Power Co.
source:
http://www.myiris.com/newsCentre/newsPopup.php?fileR=20080620142122193&dir=2008/06/20&secID=livenews
Wednesday, June 18, 2008
Bhel outbids Alstom to bag EPC contract for Tripura project
Bharat Heavy Electricals Ltd (Bhel) has outbid Alstom to emerge as the L1 bidder for EPC contract for the 740 mw gas-based Pallatana power project in Tripura. The project is being developed by the ONGC, Tripura government and the IL&FS.
While Bhel quoted Rs 2,500 crore, Alstom’s quote was of the order of Rs 5,000 crore. ONGC Tripura Power Company (P) Ltd (OTPC), which had received bids from Bhel and
Alstom for EPC contract in December. As reported by FE, OTPC opened the bid last week in which Bhel emerged as the lowest bidder. Bhel sources also confirmed this development. OTPC’s financial structure include ONGC: 50%, IL&FS: 26%, Tripura government: 0.5%. Balance 23.5% stake will be tied up with suitable investors.
Power from Pallatana project was initially meant to be allocated to Uttar Pradesh, Punjab, Haryana, Rajasthan and Delhi (100 mw each) in the northern region and to Assam and Tripura (100 mw each) in the north eastern region. However, the power ministry had subsequently decided to allocate all power generated from the project to the NER states.
Keeping in mind that NER constituent states are due to receive the entire quantum of power generated at the project, the power ministry has recommended that the associated 650 km, 400 kv double circuit transmission line from Pallatana to Bongaigaon should be implemented via a JVC formed between the PowerGrid Corp, OTPC, IL&FS & the NER states.
Source:
http://www.financialexpress.com/news/Bhel-outbids-Alstom-to-bag-EPC-contract-for-Tripura-project/324558/
While Bhel quoted Rs 2,500 crore, Alstom’s quote was of the order of Rs 5,000 crore. ONGC Tripura Power Company (P) Ltd (OTPC), which had received bids from Bhel and
Alstom for EPC contract in December. As reported by FE, OTPC opened the bid last week in which Bhel emerged as the lowest bidder. Bhel sources also confirmed this development. OTPC’s financial structure include ONGC: 50%, IL&FS: 26%, Tripura government: 0.5%. Balance 23.5% stake will be tied up with suitable investors.
Power from Pallatana project was initially meant to be allocated to Uttar Pradesh, Punjab, Haryana, Rajasthan and Delhi (100 mw each) in the northern region and to Assam and Tripura (100 mw each) in the north eastern region. However, the power ministry had subsequently decided to allocate all power generated from the project to the NER states.
Keeping in mind that NER constituent states are due to receive the entire quantum of power generated at the project, the power ministry has recommended that the associated 650 km, 400 kv double circuit transmission line from Pallatana to Bongaigaon should be implemented via a JVC formed between the PowerGrid Corp, OTPC, IL&FS & the NER states.
Source:
http://www.financialexpress.com/news/Bhel-outbids-Alstom-to-bag-EPC-contract-for-Tripura-project/324558/
Saturday, June 14, 2008
BHEL bags INR 1150 crore order from HPCL Mittal Energy
Projects Today reported that Bharat Heavy Electricals Limited has bagged a turnkey contract worth INR 1,150 crore from HPCL Mittal Energy for setting up a 153 MW captive power plant at the Guru Gobind Singh Refinery at Bhatinda in Punjab.
BHEL's scope of work in the project envisages design, engineering, manufacture, supply, erection and commissioning of the captive power plant, in addition to complete civil works.
The equipment for the project will be supplied by BHEL's plants at Hyderabad, Trichy, Ranipet, Bhopal, Jhansi and electronics division of Bangalore. Civil works and erection and commissioning of the captive power plant will be carried out by the company's power sector northern region.
The proposed order is the largest value single order secured by BHEL for a captive power plant and the work order is scheduled for completion within 30 months.
ref:
http://steelguru.com/news/index/2008/06/15/NTA1Mjk%3D/BHEL_bags_INR_1150_crore_order_from_HPCL_Mittal_Energy.html
BHEL's scope of work in the project envisages design, engineering, manufacture, supply, erection and commissioning of the captive power plant, in addition to complete civil works.
The equipment for the project will be supplied by BHEL's plants at Hyderabad, Trichy, Ranipet, Bhopal, Jhansi and electronics division of Bangalore. Civil works and erection and commissioning of the captive power plant will be carried out by the company's power sector northern region.
The proposed order is the largest value single order secured by BHEL for a captive power plant and the work order is scheduled for completion within 30 months.
ref:
http://steelguru.com/news/index/2008/06/15/NTA1Mjk%3D/BHEL_bags_INR_1150_crore_order_from_HPCL_Mittal_Energy.html
Monday, June 9, 2008
Bhel plans to diversify into ultra deep water rigs
Bharat Heavy Electricals Ltd (Bhel) is planning to diversify into manufacturing of deep and ultra deep water oil rigs. Bhel has initiated talks with overseas rigs manufacturers for a technology tie up and has proposed a joint venture arrangement to undertake this diversification.
Refusing to divulge any names, chairman and managing director Bhel Ravi Kumar said the company has been in talks with two leading firms for a technology tie-up to manufacture offshore oil rigs.
The Bhel chairman said he has offered a majority stake to its JV partner for manufacturing offshore rigs “We have not been able to make any progress so far as there are some issues over technology transfer. The proposal is at a nascent stage and depending on the success of our talks over technology transfer, we will firm up our plans in this regard,” he added.
“In the meanwhile, we will concentrate on our onshore rigs business. We will soon sign a contract with ONGC for refurbishment of onshore rig at the cost of Rs 900 crore. Besides, Bhel is also expected to get contract for onshore rig in the Gulf region,” Ravi Kumar said.
Ravi Kumar said Bhel is in the midst of setting up JVs for forgings and castings and also for railway coaches besides manufacturing of photovoltaic wafer.
“All the diversified activities envisage an investment of around Rs 3,000 crore,” he said.
Bhel’s entry into the offshore rig manufacturing is crucial especially when ONGC and RIL have sought rig holiday for want of availability of deepwater and ultra deepwater rigs in the global market. In fact, RIL has already announced its plans to make its foray into offshore rig manufacturing.
Ultra-deepwater rigs can drill in water depths of over 1,000 metres. There is an acute shortage of such rigs worldwide leading to spiralling of dry-rates.
According to Transocean, the world’s largest rig operator, Reliance currently has ultra-deepwater floaters Deepwater Frontier and Discoverer-534 at its disposal till 2010 and 2011.
Besides, Bhel proposes to tap emerging opportunities in the solar energy and enter into solar energy for the production of necessary equipment.
Source:
http://www.financialexpress.com/news/Bhel-plans-to-diversify-into-ultra-deep-water-rigs/320753/
Refusing to divulge any names, chairman and managing director Bhel Ravi Kumar said the company has been in talks with two leading firms for a technology tie-up to manufacture offshore oil rigs.
The Bhel chairman said he has offered a majority stake to its JV partner for manufacturing offshore rigs “We have not been able to make any progress so far as there are some issues over technology transfer. The proposal is at a nascent stage and depending on the success of our talks over technology transfer, we will firm up our plans in this regard,” he added.
“In the meanwhile, we will concentrate on our onshore rigs business. We will soon sign a contract with ONGC for refurbishment of onshore rig at the cost of Rs 900 crore. Besides, Bhel is also expected to get contract for onshore rig in the Gulf region,” Ravi Kumar said.
Ravi Kumar said Bhel is in the midst of setting up JVs for forgings and castings and also for railway coaches besides manufacturing of photovoltaic wafer.
“All the diversified activities envisage an investment of around Rs 3,000 crore,” he said.
Bhel’s entry into the offshore rig manufacturing is crucial especially when ONGC and RIL have sought rig holiday for want of availability of deepwater and ultra deepwater rigs in the global market. In fact, RIL has already announced its plans to make its foray into offshore rig manufacturing.
Ultra-deepwater rigs can drill in water depths of over 1,000 metres. There is an acute shortage of such rigs worldwide leading to spiralling of dry-rates.
According to Transocean, the world’s largest rig operator, Reliance currently has ultra-deepwater floaters Deepwater Frontier and Discoverer-534 at its disposal till 2010 and 2011.
Besides, Bhel proposes to tap emerging opportunities in the solar energy and enter into solar energy for the production of necessary equipment.
Source:
http://www.financialexpress.com/news/Bhel-plans-to-diversify-into-ultra-deep-water-rigs/320753/
Sunday, June 8, 2008
BHEL wins Rs 3,500-cr NTPC deal
NTPC and its JV subsidiary, Nabinagar power plant, have awarded boiler-turbine-generator (BTG) contracts for a total of 1,750 mw (7x250 mw) units to Bhel at an estimated value of Rs 3,500 crore. The total cost of setting up these units will be around Rs 8,700 crore.
These are for two different projects. The first one includes three units of 250 mw at an investment of Rs 3,300 crore at Bongaigaon in the North-East. It is being set up by NTPC. The contract awarded to Bhel is for three units of 250 mw BTG, along with a coal desulphurisation plant, since coal available at Bongaigaon is high in sulphur content. One needs to get rid of this sulphur before the coal is fed into the boiler. The value of the contract for BHEL is about Rs 1,500 crore.
The other BTG contract, estimated at Rs 2,000 crore for BHEL will be for four units of 250 mw at Navinagar in Bihar’s Aurangabad district. Total cost of the project for NTPC is estimated to be around Rs 5,352 crore. The Bongaigaon plant, which will be NTPC’s first power plant in the Northeastern region is expected to start generating electricity from the first 250 mw unit by the end of 2009.
The second unit is likely to be completed in 2010-11 and the third by 2011-12. The project is expected to go a long way in solving Assam’s power crisis. The power station will come up at the existing facilities of the now-defunct Bongaigaon thermal power station of the Assam State Electricity Board.
The Nabinagar power plant with a 1,000 mw capacity, will supply 90% of its power to Indian Railways, while 10% of power from this plant is earmarked for other users. NTPC holds 74% in the power plant, while Indian Railways holds 26%. The companies will invest Rs 1,188 crore and Rs 417 crore respectively in the company. The electricity from this plant will be utilised by Indian Railways for running electric trains in Bihar, Jharkhand, West Bengal, Chhatisgarh, Maharashtra, Gujarat and Madhya Pradesh in the eastern and western regions of the country.
source:
http://economictimes.indiatimes.com/News_by_Industry/BHEL_wins_Rs_3500-cr_NTPC_deal/articleshow/3112175.cms
These are for two different projects. The first one includes three units of 250 mw at an investment of Rs 3,300 crore at Bongaigaon in the North-East. It is being set up by NTPC. The contract awarded to Bhel is for three units of 250 mw BTG, along with a coal desulphurisation plant, since coal available at Bongaigaon is high in sulphur content. One needs to get rid of this sulphur before the coal is fed into the boiler. The value of the contract for BHEL is about Rs 1,500 crore.
The other BTG contract, estimated at Rs 2,000 crore for BHEL will be for four units of 250 mw at Navinagar in Bihar’s Aurangabad district. Total cost of the project for NTPC is estimated to be around Rs 5,352 crore. The Bongaigaon plant, which will be NTPC’s first power plant in the Northeastern region is expected to start generating electricity from the first 250 mw unit by the end of 2009.
The second unit is likely to be completed in 2010-11 and the third by 2011-12. The project is expected to go a long way in solving Assam’s power crisis. The power station will come up at the existing facilities of the now-defunct Bongaigaon thermal power station of the Assam State Electricity Board.
The Nabinagar power plant with a 1,000 mw capacity, will supply 90% of its power to Indian Railways, while 10% of power from this plant is earmarked for other users. NTPC holds 74% in the power plant, while Indian Railways holds 26%. The companies will invest Rs 1,188 crore and Rs 417 crore respectively in the company. The electricity from this plant will be utilised by Indian Railways for running electric trains in Bihar, Jharkhand, West Bengal, Chhatisgarh, Maharashtra, Gujarat and Madhya Pradesh in the eastern and western regions of the country.
source:
http://economictimes.indiatimes.com/News_by_Industry/BHEL_wins_Rs_3500-cr_NTPC_deal/articleshow/3112175.cms
Friday, June 6, 2008
share prices
Bhel was doing good on share market. It even touched Rs. 2922.50 in May 2007 and has fallen to Rs 1421.
..And it is reported that it may go down to even Rs 1250! Bad!! ( http://www.moneycontrol.com/india/news/stocks-views/bhel-can-slide-to-rs-1250-mohindar/16/35/341523)
Hope it bounces back!
Ramesh
..And it is reported that it may go down to even Rs 1250! Bad!! ( http://www.moneycontrol.com/india/news/stocks-views/bhel-can-slide-to-rs-1250-mohindar/16/35/341523)
Hope it bounces back!
Ramesh
NTPC-Bhel JV's CEO to be announced by July
The CEO of the NTPC-Bhel JV company - NTPC Bhel power projects Ltd - will be finalized by July end, the ministry of power informed today.
"For finalising the CEO of the company, a high level search committee of six members headed by the secretary, Heavy Industries has already been set up which will submit its findings by 31 July" said Jairam Ramesh, minister of state for power.
The minister was inaugurating the office of the 50:50 joint venture company of the two power sector giants set up to primarily undertake power equipment manufacturing.
"The JV company has been set up to undertake three important tasks- equipment manufacturing, taking up engineering, procurement and construction (EPC) contracts and to make balance of plant (BoP) equipments like ash-handling plants" said Ramesh.
The MoU for the joint venture was signed by the two companies in September last year and the company was formally incorporated in April 2008.
The minister informed that the draft of the company's business plan is being worked out currently and will be finalised in June.
Two project sites - one in Bamnauli in Delhi and the other in Vaishali in Bihar - have already been identified for locating the manufacturing units. The Bamnauli plant will have a manufacturing capacity of 750 Mw and the Vaishali plant will have a capacity of 500 Mw. The company is now planning to set up an overseas manufacturing base also.
NTPC-Bhel power projects Ltd will have a total equipment manufacturing capacity of 4,000 Mw per annum which will be commissioned in the next 4-5years. Both the companies together plan to invest Rs 5,000 crore in the venture over a period of five years.
Bhel already has a manufacturing capacity of 10,000 Mw and is in the process of increasing it to 15,000 Mw by 2012. It has bagged 48 per cent of the equipment orders for the 11,061 Mw capacity addition planned in 2008-09 . The company is now planning to set up in-house fabrication units in a bid to reduce transportation costs of the equipments.
"Rise in fuel prices has lead us to plan fabrication units for equipments like duct columns at project sites only" said Ravi Kumar, chairman and managing director, Bhel.
The stocks of Bhel at the Bombay Stock Exchange closed today at Rs 1,444.80 today, down 1.80 percent from the previous day's close. NTPC's stocks closed higher 5.57 percent at 166.65.
ref:
http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=39309
"For finalising the CEO of the company, a high level search committee of six members headed by the secretary, Heavy Industries has already been set up which will submit its findings by 31 July" said Jairam Ramesh, minister of state for power.
The minister was inaugurating the office of the 50:50 joint venture company of the two power sector giants set up to primarily undertake power equipment manufacturing.
"The JV company has been set up to undertake three important tasks- equipment manufacturing, taking up engineering, procurement and construction (EPC) contracts and to make balance of plant (BoP) equipments like ash-handling plants" said Ramesh.
The MoU for the joint venture was signed by the two companies in September last year and the company was formally incorporated in April 2008.
The minister informed that the draft of the company's business plan is being worked out currently and will be finalised in June.
Two project sites - one in Bamnauli in Delhi and the other in Vaishali in Bihar - have already been identified for locating the manufacturing units. The Bamnauli plant will have a manufacturing capacity of 750 Mw and the Vaishali plant will have a capacity of 500 Mw. The company is now planning to set up an overseas manufacturing base also.
NTPC-Bhel power projects Ltd will have a total equipment manufacturing capacity of 4,000 Mw per annum which will be commissioned in the next 4-5years. Both the companies together plan to invest Rs 5,000 crore in the venture over a period of five years.
Bhel already has a manufacturing capacity of 10,000 Mw and is in the process of increasing it to 15,000 Mw by 2012. It has bagged 48 per cent of the equipment orders for the 11,061 Mw capacity addition planned in 2008-09 . The company is now planning to set up in-house fabrication units in a bid to reduce transportation costs of the equipments.
"Rise in fuel prices has lead us to plan fabrication units for equipments like duct columns at project sites only" said Ravi Kumar, chairman and managing director, Bhel.
The stocks of Bhel at the Bombay Stock Exchange closed today at Rs 1,444.80 today, down 1.80 percent from the previous day's close. NTPC's stocks closed higher 5.57 percent at 166.65.
ref:
http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=39309
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