Chairman and Managing Director, K Ravi Kumar, has been honoured by the Indian Institute of Technology, Madras, for managerial excellence.
" BHEL CMD K Ravi Kumar has been conferred the prestigious&apos Distinguished Alumnus Award for 2009&aposby the IIT Madras for demonstrating consistent growth, expertise in managerial growth and organisational excellence in the industry,"a company statement said today.
Distinguished Alumnus Awards are given to people of eminence for their outstanding contribution in the field of Academic Excellence, technology Innovation Excellence, Managerial Excellence, Entrepreneurial Excellence and excellence in other walks of life.
BHEL has already enhanced its manufacturing capacity to support 10,000 MW power generation per annum and is further augmenting it to 15,000 MW.
ref:
http://www.indopia.in/India-usa-uk-news/latest-news/561310/Business/4/20/4
Wednesday, April 29, 2009
Tuesday, April 28, 2009
BEL, BHEL in JV to generate solar power
Bharat Electronics Limited has joined hands with Bharat Heavy Electricals Limited to invest more than Rs 3,000 crore for generating solar power for commercial purposes, the first such venture of its kind in the country.
The integrated power unit will also produce solar cells, solar panels and wafers.
The two public sector big wigs which signed an MOU for the purpose would also explore the formation of a joint venture for solar photovoltaic business.
The power unit, which would be run on a commercial scale, would acquire technology either from Japan or Finland.
According to Mr VV Sastri, chairman and managing director of BEL, the deal should be firmed up in the next nine months and the project could be set up in multi-locations.
While declining to indicate the generating capacity of the proposed solar power plants, he said it would be quite big.
The incoming BEL chairman and managing director, Mr Ashwin Kumar Datt, on his part, said that possibilities of equity participation with the technology firms could not be ruled out though it was quite early to indicate anything.
In a related development, BEL is also proposing to set up wind mills on a large scale, over and above the ones set up to meet its own captive needs, as part of its energy business.
Accordingly, the public sector unit plans to float expression of interest for the purpose besides looking at joint ventures to fuel the project.
The company is also in an advanced stage for finalising five joint ventures with foreign partners for missile electronics and guidance systems, microwave products and components and airborne warfare systems.
Earlier, he said the sales turnover of the company during 2008-09 had shot up to Rs 4,611 crore against Rs 4,102 crore in the corresponding period last year.
The net profit for the period stood at Rs 808 crore. BEL also paid a huge dividend of 207 per cent for 2007-08. It also paid an interim dividend of 60 per cent for 2008-09.All the nine units of BEL had continued to achieve profits.
Exports also showed improvement at $17.75 million against $15 million in the previous year.
Regarding the company’s order book position, he said that as of now it hovered around Rs 10,000 crore against Rs 9586 crore in the corresponding period last year.The PSU hopes to continue its growth trend ,aiming to touch a turnover of Rs 5200 crore for 2009-10.
ref:
http://www.thestatesman.net/page.news.php?clid=12&theme=&usrsess=1&id=252706
The integrated power unit will also produce solar cells, solar panels and wafers.
The two public sector big wigs which signed an MOU for the purpose would also explore the formation of a joint venture for solar photovoltaic business.
The power unit, which would be run on a commercial scale, would acquire technology either from Japan or Finland.
According to Mr VV Sastri, chairman and managing director of BEL, the deal should be firmed up in the next nine months and the project could be set up in multi-locations.
While declining to indicate the generating capacity of the proposed solar power plants, he said it would be quite big.
The incoming BEL chairman and managing director, Mr Ashwin Kumar Datt, on his part, said that possibilities of equity participation with the technology firms could not be ruled out though it was quite early to indicate anything.
In a related development, BEL is also proposing to set up wind mills on a large scale, over and above the ones set up to meet its own captive needs, as part of its energy business.
Accordingly, the public sector unit plans to float expression of interest for the purpose besides looking at joint ventures to fuel the project.
The company is also in an advanced stage for finalising five joint ventures with foreign partners for missile electronics and guidance systems, microwave products and components and airborne warfare systems.
Earlier, he said the sales turnover of the company during 2008-09 had shot up to Rs 4,611 crore against Rs 4,102 crore in the corresponding period last year.
The net profit for the period stood at Rs 808 crore. BEL also paid a huge dividend of 207 per cent for 2007-08. It also paid an interim dividend of 60 per cent for 2008-09.All the nine units of BEL had continued to achieve profits.
Exports also showed improvement at $17.75 million against $15 million in the previous year.
Regarding the company’s order book position, he said that as of now it hovered around Rs 10,000 crore against Rs 9586 crore in the corresponding period last year.The PSU hopes to continue its growth trend ,aiming to touch a turnover of Rs 5200 crore for 2009-10.
ref:
http://www.thestatesman.net/page.news.php?clid=12&theme=&usrsess=1&id=252706
Monday, April 27, 2009
GE-Hitachi signs deals with NPCIL, BHEL
GE-Hitachi Nuclear Energy has announced that it has signed deals with two major Indian companies that could lay the groundwork for construction of "multiple" GE boiling water reactors in that country, according to a report.
The report stated that it has inked "preliminary agreements" with Mumbai-based Nuclear Power Corporation of India (NPCIL) and Bharat Heavy Electricals Ltd.
Under the agreements, the three companies will begin planning for the necessary resources in manufacturing and construction management for a potential multiple-unit Advanced Boiling Water Reactor (ABWR) nuclear power station.
ref:
http://www.indiainfoline.com/news/innernews.asp?storyId=100002&lmn=1
The report stated that it has inked "preliminary agreements" with Mumbai-based Nuclear Power Corporation of India (NPCIL) and Bharat Heavy Electricals Ltd.
Under the agreements, the three companies will begin planning for the necessary resources in manufacturing and construction management for a potential multiple-unit Advanced Boiling Water Reactor (ABWR) nuclear power station.
ref:
http://www.indiainfoline.com/news/innernews.asp?storyId=100002&lmn=1
Friday, April 24, 2009
BHEL pushing for joint ventures in forging
Upbeat on the future prospects of the power industry and a bugling order book in its kitty, Bharat Heavy Electricals Ltd. (BHEL) on Friday indicated that it was actively exploring the possibility of picking up equity in domestic casting and forging ventures or buy them from the East European market to enhance its manufacturing capacity.
The company has set a target to enhance its capacity to 20,000 MW by 2012 to meet the increasing orders from domestic and international customers. The company, which is looking aggressively for a technology partner in Europe, is also planning to speed up manufacturing through its forging joint venture with U.K.-based Sheffield.
“We are looking at three possibilities — jacking up our forging manufacturing capacity with Sheffield, sourcing from the East European countries for our short-term requirement or take equity in joint ventures for casting and forging,” BHEL Chairman and Managing Director K. Ravi Kumar told reporters here.
BHEL has tied-up with U.K.-based Sheffield (Forgemasters) on a technology transfer basis for manufacturing forging.
ref:
http://www.hindu.com/2009/04/25/stories/2009042551601600.htm
The company has set a target to enhance its capacity to 20,000 MW by 2012 to meet the increasing orders from domestic and international customers. The company, which is looking aggressively for a technology partner in Europe, is also planning to speed up manufacturing through its forging joint venture with U.K.-based Sheffield.
“We are looking at three possibilities — jacking up our forging manufacturing capacity with Sheffield, sourcing from the East European countries for our short-term requirement or take equity in joint ventures for casting and forging,” BHEL Chairman and Managing Director K. Ravi Kumar told reporters here.
BHEL has tied-up with U.K.-based Sheffield (Forgemasters) on a technology transfer basis for manufacturing forging.
ref:
http://www.hindu.com/2009/04/25/stories/2009042551601600.htm
Tuesday, April 21, 2009
BHEL eyes forgings venture in Europe and China -Chairman
Bharat Heavy Electricals is mulling to pick up equity stake or even buy out forgings ventures in Eastern Europe and China.
The report quoted Mr K Ravi Kumar chairman & MD of BHEL as saying that the company was looking at a Romanian firm and others in East Europe. He also said that Chinese firms are also being looked at.
He further said that the company was also keeping its options open on the idea of picking up stake in the proposed Areva-Bharat Forge forgings venture.
Sources disclosed that the company would be dispatching a high level delegation next month to finalize a possible target in these regions. It added that by adopting this strategy, BHEL aims at blocking some capacity to tide over a shortage of forgings and casting being faced by the company.
(Sourced from myiris.com)
ref:
http://steelguru.com/news/index/2009/04/22/OTEzMDI%3D/BHEL_eyes_forgings_venture_in_Europe_and_China_-Chairman.html
The report quoted Mr K Ravi Kumar chairman & MD of BHEL as saying that the company was looking at a Romanian firm and others in East Europe. He also said that Chinese firms are also being looked at.
He further said that the company was also keeping its options open on the idea of picking up stake in the proposed Areva-Bharat Forge forgings venture.
Sources disclosed that the company would be dispatching a high level delegation next month to finalize a possible target in these regions. It added that by adopting this strategy, BHEL aims at blocking some capacity to tide over a shortage of forgings and casting being faced by the company.
(Sourced from myiris.com)
ref:
http://steelguru.com/news/index/2009/04/22/OTEzMDI%3D/BHEL_eyes_forgings_venture_in_Europe_and_China_-Chairman.html
Sunday, April 19, 2009
BHEL thermal sets generate more power in 2008-09
Power generation in the country received a boost, with BHEL built thermal sets generating over 4% more power in fiscal 2008-09 as compared to the previous fiscal.
During the year, these sets registered a record generation of 403.43 billion units of electricity against 387.71 billion units in the year before. Significantly, this constituted 79% of the total power generated in the country from coal-based thermal sets.
Consistently exceeding the national average efficiency parameters in 2008-09 also, BHEL manufactured thermal sets achieved the highest ever operating availability of 88.2% while the plant load factor at 80.1% was 3.1% higher than the national average.
The report added that BHEL made 200 to 500 MW thermal sets, which form the backbone of the country's thermal generating capacity, operated at an all-time high OA of 91% and an impressive PLF of 84.3%. Notably, 77 BHEL make thermal sets of various ratings operated at a PLF of over 90% and 141 sets achieved an OA of more than 90%. During 2008-09, the installed capacity of BHEL supplied utility sets went up to 87,646 MW and the company maintained its share of 64% in the country's total installed capacity of 1,38,175 MW.
ref:
http://steelguru.com/news/index/2009/04/19/OTA3Mzk%3D/BHEL_thermal_sets_generate_more_power_in_2008-09.html
During the year, these sets registered a record generation of 403.43 billion units of electricity against 387.71 billion units in the year before. Significantly, this constituted 79% of the total power generated in the country from coal-based thermal sets.
Consistently exceeding the national average efficiency parameters in 2008-09 also, BHEL manufactured thermal sets achieved the highest ever operating availability of 88.2% while the plant load factor at 80.1% was 3.1% higher than the national average.
The report added that BHEL made 200 to 500 MW thermal sets, which form the backbone of the country's thermal generating capacity, operated at an all-time high OA of 91% and an impressive PLF of 84.3%. Notably, 77 BHEL make thermal sets of various ratings operated at a PLF of over 90% and 141 sets achieved an OA of more than 90%. During 2008-09, the installed capacity of BHEL supplied utility sets went up to 87,646 MW and the company maintained its share of 64% in the country's total installed capacity of 1,38,175 MW.
ref:
http://steelguru.com/news/index/2009/04/19/OTA3Mzk%3D/BHEL_thermal_sets_generate_more_power_in_2008-09.html
Thursday, April 16, 2009
BHEL orders touch new high in 2008-09
Bharat Heavy Electricals received new orders worth INR 59,700 crore during the year ended March 31st 2009, it’s highest in a year and 20% more than the previous fiscal. This has come about even as there is a slowdown in the economy.
BHEL’s capital goods sector is considered a bellwether for manufacturing sector and high supply orders indicate better prospects for the economy going forward. The latest order book position of other capital goods firms are yet to be made public but BHEL can be considered a lead indicator for the sector.
The public sector capital goods major’s new orders were more than twice its revenues in 2008-09. As per the provisional financial data announced last week, BHEL’s order backlog has now reached INR 1,17,000 crore (USD 23 billion) 37% more than what it was during the same period in the previous year. The total order book is equivalent to nearly four and a half times the sales for the year. Growth in order book was even higher than the 29% growth in total revenues, which stood at INR 27,500 crore for 2008-09.
About 75% of the new orders for BHEL came from power sector, equivalent to 17,000 mw of generation capacity. Interestingly, the company’s export orders increased 41% to INR 3,265 crore, despite a near-recessionary global economic scenario.
Some of the significant orders for the year were for supercritical range of equipment having 660 mw and 800 mw capacity. BHEL has also received orders for generators from Nuclear Power Corporation of India for 700 MW nuclear reactors and a high value order of INR 5,040 crore from Jindal Power for setting 2,400 mw power plant.
The rising order book also comes as a challenge for the company which would need to ramp up its capacity to meet the supply contracts.
(Sourced from Economic Times)
ref:
http://steelguru.com/news/index/2009/04/16/OTAzMTY%3D/BHEL_orders_touch_new_high_in_2008-09.html
BHEL’s capital goods sector is considered a bellwether for manufacturing sector and high supply orders indicate better prospects for the economy going forward. The latest order book position of other capital goods firms are yet to be made public but BHEL can be considered a lead indicator for the sector.
The public sector capital goods major’s new orders were more than twice its revenues in 2008-09. As per the provisional financial data announced last week, BHEL’s order backlog has now reached INR 1,17,000 crore (USD 23 billion) 37% more than what it was during the same period in the previous year. The total order book is equivalent to nearly four and a half times the sales for the year. Growth in order book was even higher than the 29% growth in total revenues, which stood at INR 27,500 crore for 2008-09.
About 75% of the new orders for BHEL came from power sector, equivalent to 17,000 mw of generation capacity. Interestingly, the company’s export orders increased 41% to INR 3,265 crore, despite a near-recessionary global economic scenario.
Some of the significant orders for the year were for supercritical range of equipment having 660 mw and 800 mw capacity. BHEL has also received orders for generators from Nuclear Power Corporation of India for 700 MW nuclear reactors and a high value order of INR 5,040 crore from Jindal Power for setting 2,400 mw power plant.
The rising order book also comes as a challenge for the company which would need to ramp up its capacity to meet the supply contracts.
(Sourced from Economic Times)
ref:
http://steelguru.com/news/index/2009/04/16/OTAzMTY%3D/BHEL_orders_touch_new_high_in_2008-09.html
Wednesday, April 15, 2009
Bhel gives 2 contracts to joint venture with NTPC
Bharat Heavy Elactricals (Bhel) has passed on two of its contracts to its manufacturing joint venture with NTPC.
The joint venture, NTPC-Bhel Power Projects (NBPPL), will do the engineering, procurement and construction works at the 700-mw combined cycle gas turbine-based power project in Tripura. The contract for the Tripura project, valued at around Rs 2,200 crore, was last year awarded to Bhel. The other contract is for a gas-based power project.
complete article at:
http://www.mydigitalfc.com/companies/bhel-gives-2-contracts-joint-venture-ntpc-790
The joint venture, NTPC-Bhel Power Projects (NBPPL), will do the engineering, procurement and construction works at the 700-mw combined cycle gas turbine-based power project in Tripura. The contract for the Tripura project, valued at around Rs 2,200 crore, was last year awarded to Bhel. The other contract is for a gas-based power project.
complete article at:
http://www.mydigitalfc.com/companies/bhel-gives-2-contracts-joint-venture-ntpc-790
Thursday, April 9, 2009
BHEL to invest Rs 900 cr on R&D
Bharat Heavy Electricals Ltd (BHEL) will invest Rs 900 crore towards Research & Development (R&D) in the next three years. The company, which is currently setting up a thermal power plant in Vijayawada, said it is in negotiations with partners such as NTPC to start work on another power plant in Oriya.
BHEL said its R&D division, that has a robust products and services pipeline, registered a turnover of Rs 5,405 crore for the year ended March 31, 2009. “For the current financial year, we’d be spending Rs 650 crore on R&D, a 40 per cent increase over the previous year. This will correspond to 2.36 per cent of our overall turnover and is by far the highest amount spent by any public sector undertaking in the country,” said A L Chandraker, Executive Director, BHEL.
The company has spent Rs 464 crore towards R&D in 2007-08 and is likely to spend Rs 800 crore in 2010-11.
Meanwhile, BHEL said of the total order book worth Rs 1,17,000 crore, 60 per cent comes from the power sector. “We will continue to retain our focus on power and at the same time work on other sectors too,” Chandraker said.
“The thermal power plant in Vijayawada, which is a joint venture with AP Genco, will be operational in 2011. We are talking to partners in other states like Oriya to take up similar projects in the power sector,” said Chandraker.
The company, which employs nearly 270 engineers, is planning to induct 17 more doctrates to the existing 33.
In an attempt to tap the market potential for large nuclear power plant applications, BHEL is designing a boiler feed pump for the 700 mw nuclear power plant at Trichy.
During 2008-09, BHEL filed 211 Intellectual Property Rights including 126 patents and 85 copyright applications. So far, it has filed 866 IPs and the company expects to increase the number of filings significantly in the near future.
ref:
http://www.expressbuzz.com/edition/story.aspx?Title=BHEL+to+invest+Rs+900+cr+on+R&D&artid=8AkL4MPB6iM=&SectionID=XT7e3Zkr/lw=&MainSectionID=XT7e3Zkr/lw=&SectionName=HFdYSiSIflu29kcfsoAfeg==&SEO=
BHEL said its R&D division, that has a robust products and services pipeline, registered a turnover of Rs 5,405 crore for the year ended March 31, 2009. “For the current financial year, we’d be spending Rs 650 crore on R&D, a 40 per cent increase over the previous year. This will correspond to 2.36 per cent of our overall turnover and is by far the highest amount spent by any public sector undertaking in the country,” said A L Chandraker, Executive Director, BHEL.
The company has spent Rs 464 crore towards R&D in 2007-08 and is likely to spend Rs 800 crore in 2010-11.
Meanwhile, BHEL said of the total order book worth Rs 1,17,000 crore, 60 per cent comes from the power sector. “We will continue to retain our focus on power and at the same time work on other sectors too,” Chandraker said.
“The thermal power plant in Vijayawada, which is a joint venture with AP Genco, will be operational in 2011. We are talking to partners in other states like Oriya to take up similar projects in the power sector,” said Chandraker.
The company, which employs nearly 270 engineers, is planning to induct 17 more doctrates to the existing 33.
In an attempt to tap the market potential for large nuclear power plant applications, BHEL is designing a boiler feed pump for the 700 mw nuclear power plant at Trichy.
During 2008-09, BHEL filed 211 Intellectual Property Rights including 126 patents and 85 copyright applications. So far, it has filed 866 IPs and the company expects to increase the number of filings significantly in the near future.
ref:
http://www.expressbuzz.com/edition/story.aspx?Title=BHEL+to+invest+Rs+900+cr+on+R&D&artid=8AkL4MPB6iM=&SectionID=XT7e3Zkr/lw=&MainSectionID=XT7e3Zkr/lw=&SectionName=HFdYSiSIflu29kcfsoAfeg==&SEO=
BHEL orders touch new high in FY09
Bharat Heavy Electricals (BHEL), received new orders worth Rs 59,700 crore during the year ended March 31,2009, its highest in a year, and 20% more than the previous fiscal. This has come about even as there is a slowdown in the economy.
Capital goods sector is considered a bellwether for manufacturing sector and high supply orders indicate better prospects for the economy going forward. The latest order book position of other capital goods firms are yet to be made public but BHEL can be considered a lead indicator for the sector.
The public sector capital goods major’s new orders were more than twice its revenues in 2008-09. As per the provisional financial data announced last week, BHEL’s order backlog has now reached Rs 1,17,000 crore ($23 billion), 37% more than what it was during the same period in the previous year. The total order book is equivalent to nearly four and a half times the sales for the year. Growth in order book was even higher than the 29% growth in total revenues, which stood at Rs 27,500 crore for 2008-09.
more at:
http://economictimes.indiatimes.com/News/News-By-Industry/Indl-Goods--Svs/Engineering/BHEL-orders-touch-new-high-in-FY09/articleshow/4382667.cms
Capital goods sector is considered a bellwether for manufacturing sector and high supply orders indicate better prospects for the economy going forward. The latest order book position of other capital goods firms are yet to be made public but BHEL can be considered a lead indicator for the sector.
The public sector capital goods major’s new orders were more than twice its revenues in 2008-09. As per the provisional financial data announced last week, BHEL’s order backlog has now reached Rs 1,17,000 crore ($23 billion), 37% more than what it was during the same period in the previous year. The total order book is equivalent to nearly four and a half times the sales for the year. Growth in order book was even higher than the 29% growth in total revenues, which stood at Rs 27,500 crore for 2008-09.
more at:
http://economictimes.indiatimes.com/News/News-By-Industry/Indl-Goods--Svs/Engineering/BHEL-orders-touch-new-high-in-FY09/articleshow/4382667.cms
Wednesday, April 8, 2009
BHEL-PSSR turnover crosses Rs. 1,000-cr. mark
BHEL-PSSR (Power Sector-Southern Region) has crossed the Rs. 1,000-crore mark and recorded a turnover of Rs. 1,000.40 crore in the year ended March 31, 2009 against Rs. 675 crore in 2007-08.
Addressing a press conference here on Monday, P. R. Shriram, Executive Director, said BHEL-PSSR, which is the EPC (engineering, procurement and construction) wing of BHEL in charge of projects in the southern region as also abroad, added 885 MW to the grid during 2008-09. Fifteen sets were overhauled and seven sets were repaired during the year.
The company made a lower profit before tax of Rs. 70 crore against Rs. 104 crore on account of increase in input costs.
New orders
Mr. Sriram said during the year, the company received new orders of Rs. 2,919.26 crore, which include 2 x 500 MW Tuticorin thermal power project (BTG and civil) for Rs. 861 crore, 2 x 600 MW Malwa thermal power project (turnkey) for Rs. 752 crore, 1 x 600 MW North Chennai stage-II (EPC) for Rs. 556.51 crore. He said PSSR now presently executing projects (both erection and commissioning) totalling to 15,557 MW.
The total order book outstanding as on date was Rs. 4,222 crore
On the performance of BHEL sets, he said ten power stations in the region had achieved a plant load factor of more than 80 per cent.
The company has fixed a target of Rs. 1,300 crore turnover for the current year.
ref:
http://www.hindu.com/2009/04/08/stories/2009040857031600.htm
Addressing a press conference here on Monday, P. R. Shriram, Executive Director, said BHEL-PSSR, which is the EPC (engineering, procurement and construction) wing of BHEL in charge of projects in the southern region as also abroad, added 885 MW to the grid during 2008-09. Fifteen sets were overhauled and seven sets were repaired during the year.
The company made a lower profit before tax of Rs. 70 crore against Rs. 104 crore on account of increase in input costs.
New orders
Mr. Sriram said during the year, the company received new orders of Rs. 2,919.26 crore, which include 2 x 500 MW Tuticorin thermal power project (BTG and civil) for Rs. 861 crore, 2 x 600 MW Malwa thermal power project (turnkey) for Rs. 752 crore, 1 x 600 MW North Chennai stage-II (EPC) for Rs. 556.51 crore. He said PSSR now presently executing projects (both erection and commissioning) totalling to 15,557 MW.
The total order book outstanding as on date was Rs. 4,222 crore
On the performance of BHEL sets, he said ten power stations in the region had achieved a plant load factor of more than 80 per cent.
The company has fixed a target of Rs. 1,300 crore turnover for the current year.
ref:
http://www.hindu.com/2009/04/08/stories/2009040857031600.htm
BHEL: Plenty of orders in hand
With a strong order book, the engineering major is on track to post some strong numbers in 2009-10.
The BHEL management believes it can grow revenues at between 20 and 25 per cent in the current year. That may be a tad slower than the nearly 30 per cent achieved in 2008-09 but the growth is nonetheless strong in a difficult environment. What’s probably giving the management the confidence to visualise these growth rates is the very strong order inflow, of close to Rs 60,000 crore, during 2008-09.
BHEL’s provisional numbers for the March 2009 quarter are more or less in line with expectations — if operating margins were somewhat disappointing at just 17 per cent, it was because the company needed to provide for more wages. While revenues for 2008-09 are expected to come in at just over Rs 25,000 crore, the top line this year could be in the region of Rs 31,000 crore. Last year’s net profits are expected to be around Rs 3,500 crore and analysts believe that it should not be difficult for BHEL to grow net profit by a compounded 20 per cent in the next three years given that expenses on wages would be lower and because prices of raw materials are easing. The BHEL stock has rallied smartly in recent weeks as has Larsen and Toubro, which was beaten down, because of concerns about the order book — almost three-fourths of the orders are from private sector parties. BHEL, on the other hand gets a fair share of its orders from the government and chances of cancellations are lower. Of late, it has managed to bag orders from well-funded private IPPs and some state utilities and at Rs 1,532, the L&T stock trades at 17 times estimated 2009-10 earnings.
L&T, meanwhile trades at around 14 times estimated 2009-10 earnings partly because the Street has also been unhappy with L&T’s intention to pick up buy Satyam Computers. Although BHEL may be more expensive, it’s a better play on the revival in the economy. After all, it has an order backlog of over Rs one lakh crore, close to 5 times the firm’s 2007-08 revenues.
ref:
http://www.business-standard.com/india/news/bhel-plentyorders-in-hand/354223/
The BHEL management believes it can grow revenues at between 20 and 25 per cent in the current year. That may be a tad slower than the nearly 30 per cent achieved in 2008-09 but the growth is nonetheless strong in a difficult environment. What’s probably giving the management the confidence to visualise these growth rates is the very strong order inflow, of close to Rs 60,000 crore, during 2008-09.
BHEL’s provisional numbers for the March 2009 quarter are more or less in line with expectations — if operating margins were somewhat disappointing at just 17 per cent, it was because the company needed to provide for more wages. While revenues for 2008-09 are expected to come in at just over Rs 25,000 crore, the top line this year could be in the region of Rs 31,000 crore. Last year’s net profits are expected to be around Rs 3,500 crore and analysts believe that it should not be difficult for BHEL to grow net profit by a compounded 20 per cent in the next three years given that expenses on wages would be lower and because prices of raw materials are easing. The BHEL stock has rallied smartly in recent weeks as has Larsen and Toubro, which was beaten down, because of concerns about the order book — almost three-fourths of the orders are from private sector parties. BHEL, on the other hand gets a fair share of its orders from the government and chances of cancellations are lower. Of late, it has managed to bag orders from well-funded private IPPs and some state utilities and at Rs 1,532, the L&T stock trades at 17 times estimated 2009-10 earnings.
L&T, meanwhile trades at around 14 times estimated 2009-10 earnings partly because the Street has also been unhappy with L&T’s intention to pick up buy Satyam Computers. Although BHEL may be more expensive, it’s a better play on the revival in the economy. After all, it has an order backlog of over Rs one lakh crore, close to 5 times the firm’s 2007-08 revenues.
ref:
http://www.business-standard.com/india/news/bhel-plentyorders-in-hand/354223/
Sunday, April 5, 2009
BHEL's Vellore plant turnover rises to Rs 2,000 cr
BHEL on Sunday said its boiler auxiliaries plant here had achieved an all time high turnover of Rs 2,000 crore in 2008-09.
The profit before tax (PBT) during the fiscal was Rs 253 crore, a BHEL press release said.
Its dispatches stood at 1.9 lakh metric tonnes, which was 30 per cent higher compared to the previous fiscal.
The growth rate was 26 per cent and the company received orders worth about Rs 3,700 crore during the fiscal.
The total outstanding order was worth about Rs 6,500 crore, the release said.
In exports, the turnover had increased by 40 per cent over last year garnering Rs 28 crore in 2008-09. The value addition per employee also increased to Rs 19.79 lakh, showing an increase of 19 per cent Y-o-Y, the release said.
ref:
http://economictimes.indiatimes.com/News-by-Industry/BHELs-turnover-rises-to-Rs-2k-cr/articleshow/4361597.cms
The profit before tax (PBT) during the fiscal was Rs 253 crore, a BHEL press release said.
Its dispatches stood at 1.9 lakh metric tonnes, which was 30 per cent higher compared to the previous fiscal.
The growth rate was 26 per cent and the company received orders worth about Rs 3,700 crore during the fiscal.
The total outstanding order was worth about Rs 6,500 crore, the release said.
In exports, the turnover had increased by 40 per cent over last year garnering Rs 28 crore in 2008-09. The value addition per employee also increased to Rs 19.79 lakh, showing an increase of 19 per cent Y-o-Y, the release said.
ref:
http://economictimes.indiatimes.com/News-by-Industry/BHELs-turnover-rises-to-Rs-2k-cr/articleshow/4361597.cms
Banglaore units of BHEL reports record turnover of Rs 2116 crore, up 17 per cent
Bangalore-based Bharat Heavy Electricals Limited has reported a record turnover of Rs 2116 crore for 2008-09, up by 17 per cent over rs 1812 crore in the previous fiscal, a top company official said.
The Profit before Tax stood at Rs 506 crore, registering a 14 per cent growth compared to Rs 443 crore in 2007-08, G Ganapathiraman, Executive Director (EDN & ESG) BHEL told reporters announcing the results for 2008-09 here today.
The export turnover however dropped to Rs 530 crore from Rs 561 crore in 2007-08 "due to drop in physical exports", Ganapathiraman said.
BHEL, he said, improved its order book position by receiving orders worth Rs 2931 crore "despite stiff competition from global players". With this the Outstanding Order book at the end of the year reached Rs 5,700 crore from the three divisions comprising Electronics Division (ED), Industrial Systems Group (ISG)and Ceramic Business Unit (CBU).
BHEL also manufactured and supplied over 3900 Control Systems Cubicles for various projects during the year.
Some major orders from the power sector included those for KPCL Bellary 500 MW unit and for Karnataka Power Corporation Limited (KPCL) Raichur.
BHEL plans to augment its production capacity from 10,000 MW to 15,000 MW by 2009-10 with an investment of Rs 100 crore and to 20,000 mw by 2011-12, he said.
ref:
http://economictimes.indiatimes.com/News/News-By-Company/Earnings/BHEL-reports-record-turnover-of-Rs-2116-crore-up-17-per-cent/articleshow/4359559.cms
The Profit before Tax stood at Rs 506 crore, registering a 14 per cent growth compared to Rs 443 crore in 2007-08, G Ganapathiraman, Executive Director (EDN & ESG) BHEL told reporters announcing the results for 2008-09 here today.
The export turnover however dropped to Rs 530 crore from Rs 561 crore in 2007-08 "due to drop in physical exports", Ganapathiraman said.
BHEL, he said, improved its order book position by receiving orders worth Rs 2931 crore "despite stiff competition from global players". With this the Outstanding Order book at the end of the year reached Rs 5,700 crore from the three divisions comprising Electronics Division (ED), Industrial Systems Group (ISG)and Ceramic Business Unit (CBU).
BHEL also manufactured and supplied over 3900 Control Systems Cubicles for various projects during the year.
Some major orders from the power sector included those for KPCL Bellary 500 MW unit and for Karnataka Power Corporation Limited (KPCL) Raichur.
BHEL plans to augment its production capacity from 10,000 MW to 15,000 MW by 2009-10 with an investment of Rs 100 crore and to 20,000 mw by 2011-12, he said.
ref:
http://economictimes.indiatimes.com/News/News-By-Company/Earnings/BHEL-reports-record-turnover-of-Rs-2116-crore-up-17-per-cent/articleshow/4359559.cms
Thursday, April 2, 2009
BHEL posts 6 per cent higher profit at Rs 3,039 cr in FY 2009
BHEL on Thursday announced a six per cent increase in net profit at Rs 3,039 crore, after setting aside about Rs 1,800 crore to be paid to employees for revised salary, in 2008-09.
The company had recorded a net profit of Rs 2,859 crore in FY 2007-08.
"We have made provisions to the tune of Rs 1,800 crore for the PSU pay revision in our annual profit," CMD BHEL K Ravi Kumar told reporters here.
The company recorded a turnover of Rs 27,505 crore in the last fiscal compared to Rs 21,401 crore in 2007-08.
BHEL obtained a record order inflow of Rs 59,687 crore during the year and its cumulative order-book stood at Rs 1,17,000 crore, which included contracts from state governments, NTPC, private power project developers and foreign firms.
From the power sector, BHEL secured orders worth Rs 44,407 crore for 17,020 MW of plants.
BHEL also secured orders worth Rs 10,254 crore in fiscal 2008-09 in captive power, transportation, power transmission, oil and gas and other industrial segments.
On Monday the Cabinet had approved a proposal to merge 78.2 per cent of dearness-allowance (DA) with basic pay of the employees of the central public sector units, against the 68.8 per cent DA merger announced in November 2008.
The company received bulk order for 40 transformers from Coastal Gujarat Power, a Tata Power special purpose vehicle, for executing the 4,000-MW ultra mega power project at Mundra.
BHEL's international business grew 41 per cent to Rs 3,265 crore over that of fiscal 2007-08.
The company which made a capital investment of Rs 1,106 crore during 2008-09 towards augmentation of production capacity and construction of equipment facilities at power project sites, would spend another Rs 1,000 crore for expanding its Haridwar facility.
"For the expansion of the Haridwar unit, we would invest Rs 1,000 crore... This kind of money is required when you want to develop nuclear plant equipment also," Mr. Kumar said.
BHEL recruited nearly 4,500 persons in the previous financial year and would hire a substantial amount in this fiscal as well.
The company plans to achieve Rs 45,000-crore turnover by 2011-12.
ref:
http://www.hindu.com/thehindu/holnus/006200904021851.htm
The company had recorded a net profit of Rs 2,859 crore in FY 2007-08.
"We have made provisions to the tune of Rs 1,800 crore for the PSU pay revision in our annual profit," CMD BHEL K Ravi Kumar told reporters here.
The company recorded a turnover of Rs 27,505 crore in the last fiscal compared to Rs 21,401 crore in 2007-08.
BHEL obtained a record order inflow of Rs 59,687 crore during the year and its cumulative order-book stood at Rs 1,17,000 crore, which included contracts from state governments, NTPC, private power project developers and foreign firms.
From the power sector, BHEL secured orders worth Rs 44,407 crore for 17,020 MW of plants.
BHEL also secured orders worth Rs 10,254 crore in fiscal 2008-09 in captive power, transportation, power transmission, oil and gas and other industrial segments.
On Monday the Cabinet had approved a proposal to merge 78.2 per cent of dearness-allowance (DA) with basic pay of the employees of the central public sector units, against the 68.8 per cent DA merger announced in November 2008.
The company received bulk order for 40 transformers from Coastal Gujarat Power, a Tata Power special purpose vehicle, for executing the 4,000-MW ultra mega power project at Mundra.
BHEL's international business grew 41 per cent to Rs 3,265 crore over that of fiscal 2007-08.
The company which made a capital investment of Rs 1,106 crore during 2008-09 towards augmentation of production capacity and construction of equipment facilities at power project sites, would spend another Rs 1,000 crore for expanding its Haridwar facility.
"For the expansion of the Haridwar unit, we would invest Rs 1,000 crore... This kind of money is required when you want to develop nuclear plant equipment also," Mr. Kumar said.
BHEL recruited nearly 4,500 persons in the previous financial year and would hire a substantial amount in this fiscal as well.
The company plans to achieve Rs 45,000-crore turnover by 2011-12.
ref:
http://www.hindu.com/thehindu/holnus/006200904021851.htm
Wednesday, April 1, 2009
BHEL win Kakrapara steam generator contract
Bharat Heavy Electricals Limited (BHEL) has received an order from Nuclear Power Corporation of India limited (NPCIL) to design, supply and install four steam generators for one reactor of the Kakrapara Atomic Power Project (KAPP) in Gujarat, India. The contract is valued at INR3450m ($65m).
Larsen & Toubro has won a similar contract for the design, manufacture and supply of four steam generators for the second 700MWe PHWR to be built at the site.
BHEL said its 700MWe steam generators will be designed based on the first 540MWe steam generators it installed at the Tarapur nuclear power plant. They are to be designed, manufactured and tested according to American Society of Mechanical Engineers (ASME Sec.III Standards) at its Trichy plant.
The Indian state run power equipment manufacturer BHEL has designed, manufactured and commissioned equipment for around 80% of NPCIL’s installed capacity (4120MW ) in India. It is also executing several other contracts for NPCIL, including one for the supply, erection and commissioning of the complete conventional island for the first prototype fast breeder reactor (500MW), being built by Bharatiya Nabhikiya Vidyut Nigam Ltd (BHAVINI) at Kalpakkam in Tamil Nadu.
Last week BHEL signed a MoU with GE Hitachi Nuclear Energy (GEH) to collaborate on building Advanced Boiling Water Reactors (ABWRs) in India.
ref:
http://www.neimagazine.com/story.asp?sectionCode=132&storyCode=2052588
Larsen & Toubro has won a similar contract for the design, manufacture and supply of four steam generators for the second 700MWe PHWR to be built at the site.
BHEL said its 700MWe steam generators will be designed based on the first 540MWe steam generators it installed at the Tarapur nuclear power plant. They are to be designed, manufactured and tested according to American Society of Mechanical Engineers (ASME Sec.III Standards) at its Trichy plant.
The Indian state run power equipment manufacturer BHEL has designed, manufactured and commissioned equipment for around 80% of NPCIL’s installed capacity (4120MW ) in India. It is also executing several other contracts for NPCIL, including one for the supply, erection and commissioning of the complete conventional island for the first prototype fast breeder reactor (500MW), being built by Bharatiya Nabhikiya Vidyut Nigam Ltd (BHAVINI) at Kalpakkam in Tamil Nadu.
Last week BHEL signed a MoU with GE Hitachi Nuclear Energy (GEH) to collaborate on building Advanced Boiling Water Reactors (ABWRs) in India.
ref:
http://www.neimagazine.com/story.asp?sectionCode=132&storyCode=2052588
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