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

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

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

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 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

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.

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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

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