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

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

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

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

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/

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

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

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/

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

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/

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

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

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

Tuesday, June 3, 2008

L&T outbids Bhel for AP power gear

Bhel has finally met its match in L&T. The private sector engineering company outbid Bhel for supply of main power equipment for a proposed 1,600 mw (2,800 mw) power project in Andhra Pradesh.

The project being developed by Andhra Pradesh Generation Corporation (APGenco) at Krishnapatnam would be the first project in the country based on 800 mw supercritical thermal generation sets.

“The Krishnapatnam project would be the first contract given to a non-Bhel domestic manufacturing company. It is a very significant development that would kickstart L&T’s own power equipment manufacturing programme.

The country needs to step up manufacturing to keep pace with its ambitious capacity addition programme and an additional domestic manufacturer here would definitely help,” minister of state for power Jairam Ramesh told ET.

It is understood that L&T won the contract for supercritical turbine generator set. Sources said against a bid of about Rs 2,000 crore placed by Bhel, L&T bid just over Rs 1,500 crore. The total cost of Krishnapatnam project is about Rs 8,000 crore. The bids were opened on Tuesday.


Ref:
http://economictimes.indiatimes.com/News/News_By_Industry/LT_outbids_Bhel_for_AP_power_gear/articleshow/3097774.cms