BHEL no to Singur plant Aparajita Gupta

Bharat Heavy Electricals Ltd (BHEL) clarified it would not go ahead with a power generation project on the plot abandoned by Tata Motors at Singur.

"The land requirement for the proposed project of 1,500 MW is much bigger than the plot available at Singur," said AV Krishnan, executive director, Tiruchy Complex, BHEL.

Senior BHEL officials on November 12, 2009, had inspected the land in Hooghly district to consider setting up a power generation plant.

Auto major Tata Motors planned to roll out the world's cheapest car, Nano, from the plant it had been setting up there. However, it abandoned the 997.11-acre site following strident opposition by farmers.

ref:
http://timesofindia.indiatimes.com/city/kolkata-/TNNBheldocBHEL-no-to-Singur-plant-Aparajita-Gupta/articleshow/7198524.cms

Equipment being airlifted to Kashmir hydel projects

Bharat Heavy Electricals Ltd (Bhel) is flying power generation equipment to two strategically significant hydropower projects in Jammu and Kashmir, after it was held up for months due to civil unrest and bad weather.

Equipment is being airlifted to NHPC Ltd’s 45MW Nimoo Bazgo and 44MW Chutak projects, which are meant to provide electricity to defence personnel stationed in the area as well as the local population. The equipment being sent by plane includes materials for turbines and hydro-generators, among others.

A surge of violence in the Kashmir valley during the summer months disrupted equipment supply. Scores of Kashmiris died between June and October as security forces opened fire on stone-pelting protesters.

A cloudburst that caused flash floods in Leh held up traffic movement in August, while the winter snow has led to road closures more recently

ref:
http://www.livemint.com/2010/12/31003123/Equipment-being-airlifted-to-K.html?atype=tp

BHEL may get US nod for nuke power equipment supply by January

The country's largest power equipment maker, Bharat Heavy Electricals Ltd (BHEL), is expecting to receive the much awaited N&NPT certification issued by the American Society of Mechanical Engineers (ASME) by end January. The certificate is a statutory requirement for the supply of components to nuclear power reactors to be manufactured and installed anywhere in the world by American companies.

According to Mr A.V. Krishnan, Executive Director, BHEL Tiruchi complex, ASME completed auditing BHEL's facilities for the coveted quality assurance certification for nuclear power sector last week.

“BHEL is recommended by ASME auditors for issuance of N&NPT code symbol stamps. We are expecting to receive the certificate in end January,” Mr Krishnan told Business Line.


more at :
http://www.thehindubusinessline.com/2011/01/01/stories/2011010151750200.htm

BHEL eyes overseas markets for exports

PSU power equipment manufacturer BHEL is eyeing overseas markets for exports, a top company official today said.

"BHEL is looking at the markets of South Africa, Zambia, Belarus, Indonesia, Libya and Bangladesh", Executive Director of BHEL Trichy Complex A V Krishnan told reporters here.

"We have participated in the tenders," he said, adding that Indonesia was a big market.

To a query, he said that BHEL was looking at inorganic and organic growth.

"We do not want to enter into any JV with any other company for boiler manufacturing," he said.

more at:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/bhel-eyes-overseas-markets-for-exports/articleshow/7196591.cms

BHEL accrues Rs. 38,600 crore outstanding order

BHEL has accrued an outstanding order worth Rs. 38600 crore as of November end 2010, a top official has said.

“We will end this year with a fat order position, as typically the last few months of the financial year is when we get more orders from our customers,” A.V. Krishnan, ED, BHEL Trichy Complex, told reporters here last night.

In the recent past, there has been a spurt in IPP (Independent Power Plant) projects. Out of the Rs. 38600 crore orders, the IPP segment contributes to over 25 per cent. The remaining quantity is out of Public Sector Segment and Power Stations run by various State Electricity boards, he said.

This outstanding order book includes eight units of super critical sets namely those that exceed 600MW capacity, he said.


More at:
http://www.thehindu.com/business/companies/article1018256.ece

BHEL & Bharat Electronics, two PSUs in top R&D spenders in India

In India Inc's research and development firmament, it's the Bharats that shine the brightest. Two public sector undertakings, Bharat Heavy Electricals Limited and Bharat Electronics Limited, are standout performers among brick-and-mortar companies in India. If you leave aside pharma companies, whose R&D average investments are traditionally higher owing to the research-driven sector they operate in, BHEL (Rs 830 crore) and BEL (Rs 292 crore) spend more on R&D than most of their manufacturing industry peers. While it is only recently that large sections of Indian industry have realised the importance of R&D, for both BEL and BHEL, it has been a part of their organisational DNA for more than a decade.

more at:
http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/bhel--bharat-electronics-two-psus-in-top-rd-spenders-in-india/articleshow/7175544.cms

BHEL breaks MNC cartel, bags AC EMU orders

BANGALORE: Bharat Heavy Electricals Limited (BHEL) today said it has secured two breakthrough orders from Indian Railways for the development, manufacture and supply of 3-Phase IGBT-based propulsion systems for Electric Locomotives and AC Electric Multiple Units (EMUs), hitherto the domain of leading multinational corporations.

Cumulatively valued at Rs 300 crore, the orders for 40 sets for 1400 HP AC EMUs and 30 sets for 6000 HP Electric Locomotives , have been bagged amidst stiff competition from leading international suppliers, a BHEL release said here today.

These orders would give BHEL an opportunity to supply the system within the shortest possible time to Indian Railways in order to become the established supplier for this technology.

more at:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/bhel-breaks-mnc-cartel-bags-ac-emu-orders/articleshow/7179593.cms

BHEL bags orders from Indian Railways for IGBT-based propulsion systems

Bharat Heavy Electricals Limited (BHEL) has secured two breakthrough orders from Indian Railways for the development, manufacture and supply of 3-Phase IGBT-based propulsion systems for Electric Locomotives and AC EMUs.

The orders for 40 sets for 1400 HP AC EMUs (Electric Multiple Units) and 30 sets for 6000 HP Electric Locomotives are cumulatively valued at Rs.3,000 Million. The orders have been bagged amidst stiff competition from leading international suppliers.
These orders give BHEL an opportunity to become the established supplier to the Indian Railways for this technology, hitherto the domain of leading multinational corporations.

BHEL is already executing an order for 200 numbers of 5,000 HP 25 kV AC Mainline Electric Locomotives (Type WAG -7) for Indian Railways. With the present order, Indian Railways have reposed their confidence in BHEL's capabilities and technological excellence.

more at:
http://machinist.in/index.php?option=com_content&task=view&id=2979&Itemid=2

BHEL breaks MNC cartel, bags AC EMU orders

Bharat Heavy Electricals Limited (BHEL) today said it has secured two breakthrough orders from Indian Railways for the development, manufacture and supply of 3-Phase IGBT-based propulsion systems for Electric Locomotives and AC Electric Multiple Units (EMUs), hitherto the domain of leading multinational corporations.

Cumulatively valued at Rs 300 crore, the orders for 40 sets for 1400 HP AC EMUs and 30 sets for 6000 HP Electric Locomotives , have been bagged amidst stiff competition from leading international suppliers, a BHEL release said here today.

These orders would give BHEL an opportunity to supply the system within the shortest possible time to Indian Railways in order to become the established supplier for this technology.

ref:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/bhel-breaks-mnc-cartel-bags-ac-emu-orders/articleshow/7179593.cms

BHEL bags Rs 300 crore order from Railways for propulsion equipment for locomotives

Bharat Heavy Electricals Limited (BHEL) today said it had achieved a major landmark by securing two breakthrough orders from the Indian Railways for the development, manufacture and supply of 3-Phase IGBT-based propulsion systems for electric locomotives and AC EMUs, hitherto the domain of leading multinational corporations.

Cumulatively valued at Rs.300 crore, the orders for 40 sets for 1400 HP AC EMUs (Electric Multiple Units) and 30 sets for 6000 HP Electric Locomotives, have been bagged amidst stiff competition from leading international suppliers, a press release from BHEL said.

According to it, in the recent past, across the world, the trend has been to switch over from conventional DC drives to 3-Phase AC drives based on Insulated Gate Bipolar Transistor (IGBT) technology which provides advantages like lesser power losses, better control ability, higher performance and reliability.

It said these orders would give BHEL an opportunity to supply the system within the shortest possible time to Indian Railways in order to become the established supplier for this technology.

The release said both BHEL and the Railways would benefit from this as the company would be able to offer products, systems and services indigenously, eliminating dependence on costly imports and ensuring long term sustenance.

BHEL is the leading supplier of traction equipment and electric locomotives to the Railways.

The release said more than two-thirds of the rolling stock of Indian Railways is powered by BHEL-supplied propulsion equipment.

It said BHEL is executing an order for an order for 200 numbers of 5,000 HP 25 kV AC Mainline Electric Locomotives (Type WAG -7) for Indian Railways.


more at:
http://netindian.in/news/2010/12/28/0009602/bhel-bags-rs-300-crore-order-railways-propulsion-equipment-locomotives

NTPC, Bhel joint venture seeks tech, equity partners

NTPC BHEL Power Projects Pvt. Ltd (NBPPL), an equal joint venture between state-run companies NTPC Ltd and Bharat Heavy Electricals Ltd (Bhel), is scouting for a technology and an equity partner.

The company plans to set up a manufacturing facility for balance of plant (BOP) equipment by 2011-12 and power generation equipment with a yearly capacity of 5,000MW by 2014-15. BOP equipment comprises coal and ash handling plants and cooling towers among others, and excludes main power plant equipment such as boilers, turbines and generators. The joint venture partners are open to diluting their stakes to 26% each for the project, which will require an investment of around '6,000 crore and provide direct employment to around 6,000 people


more at:
http://www.istockanalyst.com/article/viewiStockNews/articleid/4771101

Experienced Engineers required for ISG at Bangalore

BHEL ISG has indicated openings for experienced Engineers.

Closing of On-line Submission of Applications for ISG is 31 dec 2010

for more details visit:
http://121.242.67.11/isg_lateral/home.jsp

BHEL bags 3 orders to set up solar power plants

The plants will be operationalised as per the Indian Renewable Energy Development Agency Ltd scheme under Jawaharlal Nehru National Solar Mission (JNNSM).

The orders have been placed by Citra Real Estate, New Delhi & Sepset Constructions Ltd, New Delhi for their sites at Katol, Nagpur in Maharashtra.

The other order is from Priapus Infrastructure Pvt Ltd, New Delhi for its site at Bareilly in Uttar Pradesh.

The three orders are valued at Rs 26 crore each and envisages total turn-key solutions from concept to commissioning of two MW size plants each.

These orders are slated for execution during 2011.

BHEL is presently executing a 3 MWp order for KPCL and 1.1 MWp order for Lakshadweep, the company said in a release

ref:
http://www.business-standard.com/india/news/bhel-bags-3-orders-to-setsolar-power-plants/119978/on

BHEL may plug in with Toyota to make electric vehicles

Bharat Heavy Electricals Ltd (BHEL) is mulling a partnership with Japanese automaker Toyota to make electric vehicles (EVs) in India, the second fastest growing auto market in the world.

A top official in the Ministry of Heavy Industries told Business Line that Toyota has approached the engineering and manufacturing firm and is looking for an enhanced subsidy regime to make EV production cost-effective in the country. Toyota is keen on BHEL as the State-owned company has previously manufactured electric buses, and produces heavy electric equipment such as electric locomotives. Officials from BHEL and the Ministry are slated to visit Toyota's facilities in Japan next month.

“Toyota has invited us for a visit to their Nagoya plant. They want an Indian company to have a pioneering role and we're weighing whether BHEL can have a technical joint venture for making EVs. That possibility makes sense as BHEL has made EVs before and already makes electric locomotives,” said the official.

more at:
http://www.thehindubusinessline.com/2010/12/22/stories/2010122253880100.htm

BHEL bags SCOPE award

Bharat Heavy Electricals Ltd, (BHEL) bagged the SCOPE award for excellence and outstanding contribution to public sector management for the year 2008-09. B Prasada Rao, chairman and managing director received the award from Prime Minister Manmohan Singh in New Delhi yesterday.


The company said, during the financial year 2009-10, BHEL’s topline grew 22 per cent registering an all-time turnover of Rs 34,154 crore.

Similarly, it recorded a 33 per cent increase in Economic Value Addition, which went up to Rs 2,670 crore in 2009 from Rs 2,008 crore the previous year. The company also secured orders with Rs 59,037 crore despite operating under competitive pressure both in domestic and international markets.

BHEL is also committed to the nation’s power development programme and has reaffirmed its commitment to the Indian power sector using contemporary technology and skilled technical manpower.

ref:
http://expressbuzz.com/cities/hyderabad/bhel-bags-scope-award/232220.html

Areva India defends its nuclear reactors; in talks with Bhel, L&T

France’s Areva SA, which recently signed an agreement valued at €7 billion (Rs.42,000 crore) with India’s state-owned Nuclear Power Corp. of India Ltd (NPCIL) to supply two nuclear reactors and fuel, hopes to finalize the contracts by mid-2011, said Arthur De Montalembert, chairman and managing director, Areva India Ltd.

A commercial contract is yet to be finalized as several loose ends have to be tied up, such as export credits to NPCIL at preferential terms.

While NPCIL and Areva recently signed the agreement, media reports have pointed to problems with the so-called evolutionary pressurized reactors (EPRs).

There are four EPRs under construction in Finland, France and China. The world’s first EPR, being built at Olkiluoto in Finland, is behind its 2009 schedule and $3.2 billion (Rs.14,528 crore) above budget. Fuel loading is now expected in 2012.

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An L&T spokesperson declined comment. B.P. Rao, Bhel’s chairman and managing director, confirmed the development.

more at:
http://www.livemint.com/2010/12/17211349/Areva-India-defends-its-nuclea.html?atype=tp

BHEL to release Rs 1.04cr for CSR activities this fiscal

BHEL has said its special focus on Corporate Social Responsibility this year was strengthening infrastructural activities in educational institutions in villages in Tiruchirapalli and Thanjavur .

So far over 50 per cent of the budget had been spent to build and refurbish classrooms and toilet facilities in schools. Apart from this, employment opportunities are envisag envisaged for downtrodden women by imparting computer training to about 60 women Tuvakudi, Koothappar, Navalpattu and Krishnasamudram villages, P Nainar, General Manager, Human Resources (Tiruchirapalli) said at a function last night.

After the eight week programme, BHEL would also install computers at Panchayat bodies, he said, after distributing Braille books worth about Rs.1Lakh to 150 girl students of Government School of the Blind in the city.

He also assured that the management would step up CSR allocation in the next fiscal and special funds would be allocated to the school for construction of additional classroom building in the blind school campus.

Later in an informal chat, he said the recruitment process to induct 525 artisans in different disciplines was in process and they would be made regular employees in 6-8w eeks.

Recruitment for additional induction of 475 artisans would be taken up by February-march 2011. The recruitment drive was in line with the massive expansion and modernization programme being undertaken at BHEL complex here.

more at:
http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/BHEL-to-release-Rs-104cr-for-CSR-activities-this-fiscal/articleshow/7105481.cms

Bhel plans to organize health camps in Afghanistan villages

Bharat Heavy Electricals Ltd (Bhel) plans to hold health camps in Afghanistan as a goodwill gesture, demonstrating India’s commitment to the war-ravaged nation.

The country’s largest power generation equipment manufacturer will fly doctors from India to establish health camps in Afghan villages. It has held similar camps in African countries such as Libya and Sudan, where it wants to tap a growing demand for power generation equipment.

“We want to create goodwill in Afghanistan,” said chairman and managing director B.P. Rao. “India’s engagement with Afghanistan will continue and we will support the government’s initiatives there.”

more:
http://www.livemint.com/2010/12/14223737/Bhel-plans-to-organize-health.html?atype=tp

Bhel-NPCIL-Alstom JV gets go-ahead from PMO

The prime minister’s office (PMO) has given a go-ahead for the three-way joint venture between government-owned Nuclear Power Corporation of India (NPCIL), French major Alstom and electrical equipment maker Bhel.

This will be a front-ended joint venture to develop and deploy eight nuclear power turbines with know-how from Alstom using Bhel facilities at Hyderabad, Bangalore, Bhopal and Thiruvanantapuram.

Atomic energy department under prime minister’s direct charge will shortly move a note before cabinet for formal approvals to set up the three-way joint venture with NPCIL as lead partner.

All three joint venture partners will have 33.33 per cent equity in the new company with board representation for two each.

While the joint venture be formalised next month, the order for developing two nuclear power reactors with 800 mw each would be concluded in March next year. First two power projects are valued at Rs 9,000 crore.

Already, four production facilities of Bhel have begun work on two units of 800 mw each. The three-way joint venture will also ensure full transfer of technology from Alstom to Bhel over next three-five years.

“We expect to formalise the front-end jointed venture next month. Formal order for two nuclear power units would be concluded by March next year” BP Rao, CMD of Bhel, said.

Equity investment would be modest as this is a ‘three-way front-end joint venture’ with no new manufacturing capacities to be put up. First unit will be deployed at the Kakrapar nuclear power station in Rajasthan, while the second would be installed in Kerala. Eventually, eight units will be developed over next five to seven years for deployment across the country.

The three-way joint venture is part of wider game plan of Indian establishment to acquire capacity to produce nuclear power units below 1,000 mw capacities each. “Nuclear fuel supply and technology transfer agreements are under negotiation at present,” said an official close to development.

more at:
http://www.mydigitalfc.com/news/bhel-npcil-alstom-jv-gets-go-ahead-pmo-381

CLSA upgrades BHEL stock to 'buy'

CLSA has upgraded Bharat Heavy Electricals (BHEL) to 'buy' from 'outperform' but kept the price target unchanged at 2,800 rupees.

BHEL is trading close to a 5-year low valuations, CLSA said in a note, adding the company is trading at a discount to Shanghai Electric and Harbin Power. CLSA argues that concerns of competition from Chinese and domestic firms are overdone and expects BHEL to post growth in order flows in FY12. CLSA expects 19 percent revenue and 24 percent earnings per share growth over FY10-14. At 2:39 p.m., the stock was up 2.19 percent at 2,327.90 rupees.

ref:
http://www.financialexpress.com/news/clsa-upgrades-bhel-stock-to-buy/724079/

IOC, BHEL, SAIL do not have required independent directors:CAG

As many as 17 listed PSUs, including blue chip entities like Indian Oil , BHEL and SAIL do not have the requisite number of independent directors, an important tool of corporate governance, says a CAG report tabled in Parliament today.

Describing independent directors as the most significant instrument of corporate governance, the CAG report said, only they can challenge the decisions of the management and protect the interest of shareholders and other stakeholders.

As per Clause 49 of the listing agreement between the company and the stock exchange, one-third of the board members should be independent directors provided the company is headed by a non-executive chairman.

In case the board is headed by an executive chairman, at least half of the board should comprise independent directors.

"Out of 47 listed government companies, the boards of 17 companies did not have the required number of independent directors," said Comptroller and Auditor General (CAG) report.

more at:
http://economictimes.indiatimes.com/news/news-by-company/corporate-trends/IOC-BHEL-SAIL-do-not-have-required-independent-directorsCAG/articleshow/7078037.cms

Looking at Congo, Nigeria and Indonesia for new orders: BP Rao, CMD, BHEL

BP Rao , CMD, BHEL in an interview with ET Now talks about the expansion plans and the setting up of the proposed NBFC as well as acquisition opportunities.

The company is going to expand capacity to about 20 gigawatts till about March 2012 and will incur a capex of about 1600 crore as well. What is the progress in terms of implementation and the money that you have spent up until now?

For this all the equipment has been already ordered and the equipment will start arriving from the middle of next year. In the last 6 months that is from September to March it will get commissioned. So by March we will have the 20,000 megawatt. Now this whole thing will cost around 1600 crore. That is the investment we expect to spend on this and most of the cash flow will happen next year on this.

more at :
http://economictimes.indiatimes.com/opinion/interviews/Looking-at-Congo-Nigeria-and-Indonesia-for-new-orders-BP-Rao-CMD-BHEL/articleshow/7070692.cms

Bhel board approves plan to set up NBFC

The board of state-run Bharat Heavy Electricals Ltd (Bhel) board has approved the company’s plan of starting a non-banking financial company (NBFC) to finance power projects, said B.S. Meena, secretary, department of heavy industries (DHI).

Bhel had a net profit of Rs.4,287 crore on a revenue of Rs.34,050 crore in the 2010 fiscal, and has a cash surplus of Rs.10,000 crore. Bhel plans to apply for a licence from the Reserve Bank of India.

“The company will primarily play a role of facilitator to Bhel, but it will be open to everybody. This NBFC will lend to state electricity boards and others to buy power generation equipment from Bhel,” said Meena.

The 11th Plan (2007-12) has set a target of adding 78,577MW of power generation capacity, requiring at current estimates, some Rs.10.31 trillion of investment. According to the power ministry, the government expects a Rs.4.51 trillion funding shortfall. With the funding ability of Indian institutions being stretched, adding capacity hinges on the ability to mobilize debt.

more:
http://www.livemint.com/2010/12/09234358/Bhel-board-approves-plan-to-se.html?atype=tp

BHEL adopts strategy to venture into newer areas

Bharat Heavy Electricals Ltd (BHEL), the country's biggest power equipment company, has adopted a policy of forming joint ventures and concluding technical tie-ups for venturing into newer areas of business.

While parking of surplus funds in productive activities is one driver for the approach, attention on diversification and risk sharing seems to be the theme behind all such collaborations.

The company has a cash surplus of Rs 10,000 crore. It has floated joint ventures (JVs) and technical tie-ups or started preliminary exercises for entry into nuclear equipment, wind energy, specialised grade steel, transmission, transportation and water treatment businesses.

It has also adopted the collaboration route for its traditional power business. It has set up JVs with NTPC and the governments of Karnataka, Tamil Nadu, Madhya Pradesh and Maharashtra. The ones with the state governments are for power generation.

In another six months, the company will see some of its JVs taking concrete shape. "We are starting all these ventures, including a non-banking finance company, because we want to put our extra resources into productive use. If we put these resources in banks, it will give low returns," B P Rao, chairman and managing director, told Business Standard.

ref:
http://www.business-standard.com/india/news/bhel-adopts-strategy-to-venture-into-newer-areas/417525/

Cabinet nod for BHEL-NPCIL venture soon

The joint venture of Bharat Heavy Electricals Ltd with Nuclear Power Corporation of India Ltd (NPCIL) is likely to be approved by the Union cabinet soon.

The new company is to provide engineering, procurement and construction services in the nuclear power sector. The memorandum of understanding to set it up was signed in April 2008.

There will be a third partner, France’s Alstom. Each of the three are expected to hold 33 per cent equity stake. BHEL, the power equipment maker, already has a tie-up with Alstom for its boiler business.

more at:
http://www.business-standard.com/india/news/cabinet-nod-for-bhel-npcil-venture-soon/417286/

Bhel bags Rs2,665 cr order from Chattisgarh

Bhel has bagged a Rs2,665 crore order for supply and installation of a 2x600-MW thermal power plant in Raigarh in Chattisgarh.

The order by Visa Power Ltd, an Independent Power Producer (IPP), includes design, engineering, manufacture, supply, erection, testing and commissioning of boilers, steam turbines and generators, along with controls and instrumentation besides associated auxiliaries.

A Bhel press release said the PSU has so far secured orders for 19 of the relatively newer rated 600-MW sets.

It added that orders from IPPs accounted for a record 90% of total orders for 16,489-MW power plant equipment booked by Bhel in the last fiscal.

ref:
http://www.livemint.com/2010/12/01141917/Bhel-bags-Rs2665-cr-order-fro.html

BHEL bags order worth Rs 3,700 cr from KPCL

Bharat Heavy Electricals Limited (BHEL) has bagged an order worth Rs 3,700 crore to supply the country’s first super critical 700-Mw coal fired unit of Karnataka Power Corporation Ltd (KPCL) for its thermal power station (TPS) at Bellary.

Bellary thermal power station of 500 Mw has already been equipped by BHEL and another unit of same capacity is under execution, a company release said.

The company, earlier, bagged power equipment orders worth Rs 6,000 crore from KPCL for setting up 2x800 Mw of thermal power plants at Yermarus in Raichur district.

B P Rao, chairman and managing director of BHEL had said Business Standard that these orders were part of the deal which BHEL had signed with KPCL for supply of equipment.

As part of the growth strategy, BHEL is also in the process of setting up thermal power plants jointly with various state governments.

It has already entered into tie ups with states like Karnataka, Maharashtra, Tamil Nadu and Madhya Pradesh for setting up of 3x800 Mw, 1,500 Mw, 2x800 Mw and 2x800 Mw power plants respectively.

In Maharashtra, it is setting up the gas-based power plant. For each of these projects, the equipment will be supplied by BHEL, a top company official said.

more at:
http://www.business-standard.com/india/news/bhel-bags-order-worth-rs-3700-crkpcl/416672/

BHEL looks for minority partner in JV with SAIL

Bharat Heavy Electricals Ltd, the state-run power equipment maker, may offer a minority equity stake to a third technology partner in its proposed joint venture with Steel Authority of India Ltd (SAIL) to manufacture high-grade steel.

“We are in discussions with SAIL for setting up the plant. We estimate this will take five-six months to finalise. We are also looking for a third technology partner,” BHEL chairman and managing director, B P Rao, told Business Standard.

When asked if the third partner would have any stake in the venture or it would be just a tie-up for technology, he said, “We will offer a minority stake… BHEL and SAIL might have equal stake in the venture.” He, however, refused to give any detail.

more at:
http://www.business-standard.com/india/news/bhel-looks-for-minority-partner-in-jvsail/416489/

Bhel hires Crisil to guide its non-bank entry

Bharat Heavy Electrical Ltd (Bhel), India’s largest power equipment maker, has appointed Crisil as its consultant to help set up a non-banking finance company (NBFC).

“Crisil would take 2-3 months to work on the proposal,” said B P Rao, chairman and managing director, Bhel.

The feasibility report would suggest whether the company should launch a separate subsidiary for the financing business or it can remain a part of the mothership.

Bhel had invited expressions of interest from consultants for the non-banking venture in September.

The power equipment giant has cash reserves of over `10,000 crore and wants to utilise a part of it for lending to the infrastructure and power sectors.

Other sector players such as REC Ltd, Power Finance Corporation and NTPC are also exploring the opportunity to set up NBFCs to tap rising demand for loans.

While Power Finance Corporation is seeking a non-banking partner, Bhel is likely to go solo.

The Bhel board of directors also approved setting up of power equipment manufacturing facility at Latur in Maharashtra.

The facility will be in partnership with the Maharashtra government. Bhel has earmarked a capital expenditure of `300 crore for the unit.

ref:
http://www.dnaindia.com/money/report_bhel-hires-crisil-to-guide-its-non-bank-entry_1473667

BHEL to set up new plant at Latur

The Board has also consider the proposal for initiating the process of merger of Bharat Heavy Plate & Vessels Ltd

Bharat Heavy Electricals Ltd has announced that the Board of Directors of the Company at its meeting held on November 25, 2010 has accorded in-principle approvals to set up of a new BHEL plant as "Power Equipment Fabrication Plant" at Latur, Maharashtra.

The Board has also consider the proposal for initiating the process of merger of Bharat Heavy Plate & Vessels Ltd. (a wholly owned subsidiary of BHEL) with BHEL, to Department of Heavy Industry (DHI). The merger shall be subject to obtaining necessary approvals from appropriate authorities.

ref:
http://www.indiainfoline.com/Markets/News/BHEL-to-set-up-new-plant-at-Latur/5002088630

No projects for NTPC-BHEL venture

The newly set up NTPC-BHEL joint venture Power Equipment Company at Mannavaram has failed to get any projects from the state. With no outside orders, the much-hyped company is banking on works from NTPC and BHEL.

Even though the state had promised to support the joint venture by giving it projects, the high costs cited by NTPC-BHEL Power Projects Private Limited (NBPPL) led to the government and APGenco developing a cold feet.

The state has rejected NBPPL request for Balance of Plant (BOP) works of both Rayalaseema and Bhupalapalli thermal stations which are under construction.

The NBPPL had suggested three alternatives to APGenco which is executing the two thermal projects in the state. It has quoted approximately `1,850 crore for the 600 mw fourth stage of Rayalaseema thermal power station.

“But the cost NBPPL quoted is too high for APGenco which got bid around `1,255 crore from Tecpro systems consortium. This will save about `600 crore for the state,” said Mr Vijayanand, managing director of APGenco.

Even for the second unit of Bhupalapally thermal station also, NBPPL request was not considered citing the cost escalation.

ref:
http://www.deccanchronicle.com/hyderabad/no-projects-ntpc-bhel-venture-082

BHEL Tiruchirappalli organises customer meet for FBC and HRSG Boilers

The country’s largest Circulating Fluidised Bed Combustion (CFBC) Power Project of 250 MW capacity will be commissioned by BHEL for Neyveli Lignite Corporation in 2011.This was disclosed by A V Krishnan, Executive Director, Bharat Heavy Electricals Limited (BHEL), Tiruchirappalli in the third FBC and HRSG (Heat Recovery Steam Generator) Customer Meet held here.

Bharat Heavy Electricals Limited (BHEL), Tiruchirappalli organised a one-day Customer Meet Fluidised Bed Combustion and Heat Recovery Steam Generator Boilers. The Customer Meet was attended by more than 60 people from various organizations including from PT Adaro, Indonesia.
Krishnan said that BHEL, Tiruchirappalli had so far supplied 80 to 90 Bubbling FBCs and six CFBC boilers which included exports to Indonesia and New Calidonia ( a French island). BHEL is also into expanding the market of HRSGs by large size HRSGs behind Frame 9 FA and 9 FB.

A K Mathur, ED, Tata Projects, delivering the special address, compared the pulverized coal –fired boilers with the CFBC boilers and said that these CFBC boilers with their environmental advantages and more fuel options bettered the conventional ones.

With availability of more gas in Godavari basin, Mathur said that the gas turbine market is heating up throwing more opportunities for growth of HRSG market.

He cautioned that as the environmental needs are growing higher with strict emission requirements, CFBC boilers offered better alternatives. He said that he looked forward to BHEL installing higher capacity Integrated Gasification Combined Cycle (IGCC) plants in the interest of the Nation. He also desired that BHEL attempted at the supercritical CFBCs.

M Karunakara Reddy, General Manager Incharge, Engineering, FBC and HRSG, Tiruchirppalli, welcoming the gathering, outlined the two-fold objectives of the Customer Meet. He said that this Meet would give a comprehensive feedback from the customers and inform them of the latest technological advancements of the products.

Delivering the keynote address at the inauguration function of this one-day Customer Meet, Krishnan attributed the growth of CFBC market to the non guarantee of availability of the same quality of fuels during the life of a plant, robust design and fuel flexibility to accommodate a range of fuels with differing moisture and calorific values.

The meet had two sessions devoted to FBC Boilers and HRSGs. M Vijayawargiya, ED, IOCL, Paradip Refinery was the Chief Guest for the HRSG session. Frank Leuschke, Lentjes, BHEL’s technical partner made a presentation on CFBC boilers. S Sundararajan, Additional General Manager, Engineering, Research and Development, BHEL summed up the events. P Selvakumaran, AGM, Marketing proposed a vote of thanks.

ref:
http://machinist.in/index.php?option=com_content&task=view&id=2860&Itemid=2

BHEL awarded innovation award

Bharat Heavy Electricals Ltd (BHEL), Ranbaxy Laboratories Ltd, Council of Scientific and Industrial Research (CSIR) and National Institute of Immunology (NII) have been awarded for their innovation in research and development in India.

BHEL bagged the award for hi-tech corporate category while CSIR won the hi-tech academic award. NII and Ranbaxy Laboratories Ltd won pharma academic and pharma corporate awards respectively.

'The results of this (focus on excellence in research to drive innovations) have been striking, with a number of patents, technology transfers, public-private partnerships and consultancies for NII,' said NII director Avadhesha Surolia at the Thomson Reuters Innovation Award ceremony jointly organised by Thomson Reuters and the Confederation of Indian Industry (CII).

All enterprises headquartered in India are considered for the award. The recipients were selected by analysing their innovation patented technology as recorded in Thomson Reuters patent information services.

The criteria included the number and impact of patents, the efficiency and effectiveness of research and the impact of innovation as measured by patent citations.

'In India, we finally recognise that we need to innovate and innovate fast,' said National Knowledge Commission chairman Sam Pitroda, while handing over the awards to the winners.

ref:
http://sify.com/finance/indian-industries-awarded-innovation-awards-news-default-klnpEkdbgea.html

BHEL blames UPRVUNL for delay in power projects

Bharat Heavy Electrical Limited (BHEL) has blamed the Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited for delay in commissioning and renovation of power projects in the state.

In Harduaganj BHEL's work is limited to the supply, recetion and commissioning of only the main plant consisting of the boiler, steam turbine and generator. Other works, including chimney and water system, were to be taken care by the UPRVUNL, Company's General Manager Aswini Dhar said in a statement.

"The UPRVUNL is yet to hand over the facilities. The availability of chimney has now be postponed to December 10 from November 7. This has delayed the subsequent commissioning activities of the unit," Dhar said.

Earlier on November 10, expressing displeasure over delay in renovation of power generation units by BHEL the Uttar Pradesh government had warned its officers.

"During a high-level meeting to review the progress of power projects, Chief Secretary Atul Kumar Gupta while expressing his displeasure over delay, warned that the government will take stern action if renovation work was not completed as per schedule," an official spokesman had said here.


more at:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/BHEL-blames-UPRVUNL-for-delay-in-power-projects/articleshow/6919924.cms

India a dumping ground for Chinese goods: BHEL

Bharat Heavy Electrical Ltd alleged Chinese companies were looking at India as a dumping ground rather than seeing it as a competitive market.

Raising concerns over the challenges faced by the firm, A V Krishnan, executive director of the Tiruchirappalli complex, said, "Our margins have suffered heavily because of the entrance of Chinese firms. We like healthy competition but those firms are just dumping their products in the Indian market."

ref:
http://sify.com/finance/india-a-dumping-ground-for-chinese-goods-bhel-news-equity-klnckiadjha.html

BHEL for Chinese cos setting up production base in India

Demanding level-playing-field, state-run BHEL, which is facing uneven competition from cheap equipment supplies from China, today said that Chinese firms should set manufacturing bases in India.

"Since duty on capital goods equipment for power sector is zero, Chinese equipment supplies are posing a price threat and affecting margins," BHEL's Executive Director A V Krishnan Trichy unit told reporters here.

He added that on the top of that Chinese government is also subsidising their exports.

Krishnan said on the other hand, Indian suppliers are paying sales tax and excise duties. He said that taking everything into account, Chinese equipment are becoming 15 per cent to 20 per cent cheaper as compared to Indian supplies.

This, he said, can be addressed correctly only if Chinese companies started manufacturing in the country.

Saying that BHEL is poised to meet India's energy demand in the 12th Five Year Plan, Krishnan stated that BHEL is increasing capacity from 15,000 MW per annum to 20,000 MW by March 2012.

He said that this would match Planning Commission's target of increasing one lakh MW during the next plan period.

Krishnan said that 5000 MW capacity addition would involve an investment of Rs800 crore.

Krishnan said that BHEL's order book as of date stood at Rs1,52,000 crore.

He said that the company's Trichy plant, which was the boiler manufacturing unit, is now producing specialised boilers which would suit all types of coal.

The BHEL official said that the company has also designed boilers which would use lignite as fuel.

Krishnan said that the company is having six production bases across the country which included Haridwar, Bhopal, Hyderabad, Ranipet near Chennai and Mangalore.

Referring to Chinese power plants, he said that plant load factor (PLF) of BHEL plants are much higher.

ref:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/BHEL-for-Chinese-cos-setting-up-production-base-in-India/articleshow/6913897.cms

UP govt warns BHEL against delays in power units'' renovation

Lucknow, Nov 11 (PTI) Upset over delay in renovation of power generation units by Bharat Heavy Electrical Limited (BHEL) the Uttar Pradesh government has warned its officers of ''stern action'' if they failed to complete the work as per schedule.
"During a high-level meeting to review progress of power projects, Chief Secretary Atul Kumar Gupta while expressing his displeasure over delay warned that the government will take stern action if renovation work was not completed as per schedule," said an official spokesperson here.
The meeting was attended by the top officials of NTPC, BHEL, UP Power Corporation Limited and Utpadan Nigam.
Gupta attracted attention of BHEL chairman B P Rao towards inordinate delay in setting up of Harduaganj extension, Parichcha extension and Anapara D projects and renovation of 1000 MW units at at Obra B.
He said that it was unfortunate BHEL failed to complete works given to it in a bid to increase power generation in the state.
BHEL chairman Rao while admitting that the projects were delayed assured that work would be done on war footing to complete the projects as per the schedule.
He said that renovation of five units of 200 MW each at Obra was delayed as BHEL''s contract with a Russian company failed. Rao assured that projects will start operations from February 2011 and would be completed by December next year.
Energy Secretary Navneet Sehgal said that if BHEL failed to complete the projects as per the schedule the state would contemplate on alternatives.

ref:
http://news.in.msn.com/business/article.aspx?cp-documentid=4565354

Partial relief to BHEL in 13 crore excise dispute

The Madhya Pradesh High Court today disposed off a writ petition filed by Bharat Heavy Electrical Limited (BHEL) while granting it a limited relief against the order of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) directing BHEL to make a pre-deposit of entire demand of Rs. 13.49 crores by the excise department. Instead the court has directed to deposit only 25% of the amount in demand as a pre-deposit. The court has also directed CESTAT to dispose off the appeal within a period of ninety days of compliance with deposit direction by the court. The order was passed by the division bench comprising Justices KK Lahoti and Sushma Shrivastava.

more at:
http://www.lawetalnews.com/NewsDetail.asp?newsid=2693

Quality month function begins at BHEL

The BHEL Executive Director, Bhopal M.K.Dube today inaugurated the Quality month function 2010. Quality month is celebrated every year in the month of November. Dube in his address emphasized on the need of imparting quality training to the inspection personnel .The product quality not only satisfies the customers' expectations but at the same time delights the customers also, added Dube.
GM (P&D, IT & Quality) Dheeman Sen delivered the welcome address. The theme for quality month 'Quality Insight Ensures Customers Delight' following a presentation on the topic 'Cost of quality' was made by Sen.
AGM (Quality) Mohan Singh highlighted the various action plans to be conducted during November 2010. He also made presentation on quality status of various products based on lost hours. The programme was attended by GM's, DRO's, quality heads and other invitees.
S.K. Sharma; AGM (QFX) proposed the vote of thanks.

ref:
http://www.centralchronicle.com/viewnews.asp?articleID=50940

Parliamentary Standing Committee on Industry visits BHEL Tiruchi

Members of Parliamentary Standing Committee on Industry visited Bharat Heavy Electricals Limited (BHEL), Tiruchi today to assess BHEL's general working and performance.

At a meeting held at its premises, a wide range of issues were discussed including BHEL’s plan to meet out the huge power capacity additions with matching capabilities to produce and deliver power plant equipment, competitions faced, order booking position, Joint Venture agreements, discharging its corporate social responsibility, its international operations and status of Integrated Gasification Combined Cycle (IGCC) technology.
The Department-related Parliamentary Standing Committee headed by Rajya Sabha MP from Tamil Nadu Shri Tiruchi N Siva (Chairman) comprises Members of Parliament Shri G Sanjeeva Reddy (Andhra Pradesh) , Shri Ashk Ali Tak (Rajasthan), Proj SP Singh Baghel (Uttar Pradesh), Shri Nandamuri Harikrishna (Andhra Pradesh) , Smt Poonam Velhibhai Jat (Gujarat), Shri Ram Singh Kaswan (Rajasthan), Shri M Krishnaswamy (Tamil Nadu), Shri Bharat Ram Meghwal (Rajasthan) and Shri Gorakhnath Pandey (Uttar Pradesh).

BHEL’s contribution to Industrial, Railway, Renewable Energy and Defence sectors were also discussed.


more at : http://machinist.in/index.php?option=com_content&task=view&id=2806&Itemid=2

Bhel’s order flows expected to slow

Bharat Heavy Electricals Ltd’s (Bhel) results for the September quarter were slightly better than expectations. Revenue rose by 25.7% to Rs. 8,328 crore, and earnings before interest, tax, depreciation and amortization (Ebitda) grew by 32.5% to Rs. 1,632 crore. The Ebitda margin improved by around 100 basis points, which came as a positive surprise. One basis point is one-hundredth of a percentage point.

But note that margins would have been flat, but for a drop in net provisions made for contractual obligations, liquidity damage and doubtful debt. In last year’s September quarter, these provisions, accounted for in “other expenditure”, amounted to Rs. 82.2 crore. In the last quarter, they fell to around Rs. 35 crore, according to a report by Alchemy Research. Net of provisions, the improvement in margins would be just 20 basis points and the increase in Ebitda would have more or less tracked the rise in sales.

more at : http://www.livemint.com/2010/10/31211908/Bhel8217s-order-flows-expec.html

BHEL Q2 net up 33% to Rs 1,142 cr

Bharat Heavy Electricals (BHEL) today registered a 33 per cent growth in its standalone net profit at Rs 1,142.28 crore for the second quarter ended September 30, over the same period last year.

The company had reported a net profit of Rs 857.88 crore in the July-September quarter last fiscal, BHEL said in a filing to the Bombay Stock Exchange.

Net sales of the Bangalore-based firm rose to Rs 8,328.41 crore from Rs 6,625.21 crore in the same quarter a year ago, it added.

Shares of BHEL were trading at Rs 2,475 per piece on the BSE , up 0.95 per cent from the previous close

ref:
http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-news/BHEL-Q2-net-up-33-to-Rs-1142-cr/articleshow/6833835.cms

BHEL Share holding pattern as on 30.9.2010

You may have a look at shareholding pattern of BHEL at
http://www.bhel.com/dynamic_files//press_files/pdf/shareholding_sep_2010.pdf

BHEL advertises recruitment for Skilled Artisans

Bharat Heavy Electricals Limited (BHEL) has publised advertisement for recruitment of skilled artisans for its Ranipet unit in Tamil Nadu. BHEL, Ranipet is a workforce of around 2700 employee, is looking for 173 Skilled Artisans in the following areas:

Skilled Artisan : 173 posts (OBC-45, SC-34, ST-2) of Skilled Artisans (Fitter-96, Welder-40, Mechanist-06, Electrician-6, Material Handling Operaor-20, AC Mechanic-3, CNC Electronic Mechanic-2).

Age: Upper age limit as on 01/10/2010 - 27 years.

Fee: Rs. 125/- for General & OBC candidates should be paid into "BHEL - Ranipet Power Jyoti Account No.: 31170378124" only by a challan form.

How to Apply: Apply Online only at BHEL Ranipet website only upto 15/11/2010.

Please visit http://artrect.bhelrpt.co.in/ for details and apply online


ref:
http://www.mynews.in/career_edu/news_page.php?id=103942

BHEL flags off gas compressor for HPCL Mittal Energy unit

It is reported that BHEL Ramchandrapuram has dispatched a recycle gas compressor train for CCR unit to Guru Gobind Singh Refinery Bhathinda.

The Hydrogen recycle gas compressor was flagged off by Mr Prabh Das CEO of HPCL Mittal Energy Ltd in the presence of Mr R Krishnan executive director and other senior officials of BHEL.

The company is executing an order from HPCL Mittal Energy for supply of three steam turbine driven compressors for its Guru Gobind Singh Refinery Project at Bhathinda in Punjab.

The total value of the project is estimated at INR 79.9 crore. The compressor was earlier successfully tested for hydraulic, mechanical and gas leak test according to international standard of American Petroleum Institute.

(Sourced from Business Line)
ref:
http://www.steelguru.com/indian_news/BHEL_flags_off_gas_compressor_for_HPCL_Mittal_Energy_unit/171900.html

ONGC's first commercial power project to start next year

The state-owned Oil and Natural Gas Corporation's (ONGC) first ever 726 MW commercial power project would start generating electricity next year, officials said here on Sunday.

"The first unit (363 MW) of the 726 MW power plant would start producing electricity December next year," said Sudhindra Kumar Dube, managing director of the ONGC Tripura Power Co Ltd (OTPC), a new company formed for commissioning the project.

The ONGC's biggest power project is being commissioned in Palatana, about 60 km south of here, at a cost of Rs 9,000 crore. "The power project would fully start generating 726 MW power by March 2012," Dube, accompanied by BHEL (Bharat Heavy Electricals Limited) chairman B.P. Rao, said.

The power project chief said that the Bangladesh government has agreed to allow India to use its waterways to transport the turbines and heavy machines for the power project, for which Prime Minister Manmohan Singh had laid the foundation stone in October 2005.

He said that India would develop a jetty in the Ashuganj river port in Meghna river in eastern Bangladesh, 31 km from Agartala and expand the road, if necessary, across the border, to ferry the equipment for the project. He said dispatching the heavy equipment by surface within India (through the mountainous northeastern states) is extremely difficult.

"A consortium comprising of the US-based General Electric (GE) and India's state-run BHEL has been awarded contract to supply the all-important gas turbines for the thermal power project," he added.

According to ONGC officials, the state-run Power Grid Corp of India Limited (PGCIL), OTPC and the northeastern states would set up a 660-km transmission line at the cost of Rs.1,771 crore to hook Palatana with the national grid at Bongaigaon in western Assam.

The much expected commissioning of the power project, a co-generation waste heat recovery power plant and ONGC's first major commercial project, has been delayed due to difficulties in transporting heavy turbines and machineries to south Tripura.

ref:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/ONGCs-first-commercial-power-project-to-start-next-year/articleshow/6803515.cms

BHEL bags contract to set up solar power plants in Lakshadweep

BHEL on Wednesday said it has bagged contracts worth Rs 35 crore to set up grid-interactive solar power plants of 1100 kW capacity at eight locations in the union territory of Lakshadweep.

"Valued at around Rs 35 crore, the order for setting up the Solar Photo voltaic (SPV) Power Plants at eight islands of Lakshadweep, including the capital Kavaratti, has been placed on the company by Lakshadweep Administration," a company statement said.

BHEL's scope of work in the contract envisages design, manufacture, supply and installation of new solar power plants of 1,100 kW, the statement added.

ref:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/BHEL-bags-contract-to-set-up-solar-power-plants-in-Lakshadweep/articleshow/6780542.cms

Bhel plans to make transformers in Kenya

Bharat Heavy Electricals Ltd (Bhel) plans to set up a transformer manufacturing plant in Kenya in a joint venture with the Kenyan government, as part of India’s growing engagement with Africa.

In addition, India has also offered to help Kenya put in place a standards and labelling programme for electrical equipment and an energy conservation building code.

At the recent sixth meeting of the joint trade committee (JTC) in Nairobi, India also proposed developing port, airport, road and railway infrastructure in Kenya by state-owned Rail India Technical and Economic Services (RITES), a subsidiary of Indian Railways.

“East Africa has been the gateway to Africa,” commerce minister Anand Sharma, who attended the meeting, told reporters in Nairobi on Thursday at the Namaskaar Africa initiative by the Federation of Indian Chambers of Commerce and Industry (Ficci), an industry lobby.

Kenya, along with Tanzania, Burundi, Uganda and Rwanda, is part of the East African Community (EAC).

Bhel is seeking a joint venture in equipment manufacturing to help it control costs while bidding for projects in the region. A plant located in Kenya will help it service markets in Africa, which is facing a chronic power shortage.

more at:
http://www.livemint.com/2010/10/18213126/Bhel-plans-to-make-transformer.html?atype=tp

Provide jobs to land losers, HC directs BHEL

Putting an end to a three-decade-old struggle of the land-losers, the Madras High Court has directed the Bharat Heavy Electricals Limited (BHEL) in Ranipet, Vellore district to provide job opportunities to them.

“The issue regarding employment under the displaced land owners category was pending since 1981. It is in the interest of both the landowners as well as the BHEL to put an end to this issue at the earliest point of time. Somehow or the other the matter has been dragged for years together. Therefore, it is high time that the entire issue be resolved by examining individual cases by the Screening Committee appointed by a single judge earlier,” a division bench comprising justices Elipe Dharma Rao and K K

more at:
http://expressbuzz.com/states/tamilnadu/provide-jobs-to-land-losers-hc-directs-bhel/215628.html

BHEL to announce Q2 results Oct 29, 2010

Bharat Heavy Electricals Ltd (BHEL) has announced that a meeting of the Board of Directors of the Company will be held on October 29, 2010, inter alia, to consider and take on record the Unaudited Financial Results of the Company for the Quarter ended September 30, 2010 (Q2).

The stock closed the day at Rs.2526.05, down by Rs.32.60 or 1.27%. The stock hit an intraday high of Rs.2570 and low of Rs.2507.20.

The total traded quantity was 0.79 lakhs compared to 2 week average of 0.97 lakhs.

Source: Equity Bulls

Posted On: 10/15/2010 10:44:23 AM

ref:
http://www.equitybulls.com/admin/news2006/news_det.asp?id=81649

Alstom-Bhel to supply turbines to NPCIL

Global power equipment major Alstom will tie up with Bhel to supply turbines for Nuclear Power Corporation's (NPCIL) 700-mw pressurised heavy water reactors (PHWR) based nuclear power plants. A tripartite joint venture (JV) agreement between the French company, Bhel and NPCIL will be signed soon, a senior executive of Alstom Power said.

NPCIL is setting up 700-mw PHWR based nuclear power plants at various places including Kakrapar in Gujarat and Rawatbhata in Rajasthan.

While NPCIL has prepared design for 700-mw nuclear reactors, the design for turbine generators of this size is not available in the country. Given that, NPCIL invited expressions of interest (EoI) from technology suppliers for the turbine generators. Alstom submitted its offer in response to the EoI.

more at:
http://www.indianexpress.com/news/alstombhel-to-supply-turbines-to-npcil/697219/

National mission on clean coal technologies soon

The government will announce soon its ninth national mission on clean coal technologies.

'The National Mission for Clean Coal (Carbon) Technologies will have several sub missions like the development of advanced ultra super-critical boilers for thermal power plants, carbon capture and value addition, including carbon capture and storage,' said R. Chidambaram, principal scientific advisor to the government.

Chidambaram is here for the Asian Nuclear Prospects 2010 (ANUP 2010), a conference on nuclear power in Asia.


ref:
http://sify.com/news/national-mission-on-clean-coal-technologies-soon-news-national-kkmokdecdec.html

BHEL tests new turbogenerator

BHEL has achieved a milestone by successfully testing the largest sized global vacuum impregnated, air cooled turbogenerator module. The equipment has wide usage in oil and gas and power sectors.

The BHEL Hyderabad unit has on October 1st 2010, tested the generators of ratings 150 MW, 15.75 KV in India at its Ramachandrapuram factory.

Mr R Krishnan executive director of BHEL Hyderabad inaugurated the fully assembled generator unit and the testing was carried out in the presence of customers and consultants.

The BHEL unit has already bagged 22 orders for this module of GVPI turbogenerator catering to various domestic customers such as OTPC Tripura, Hindalco, GSPC- Pipavav, OPG Power-Gujarat etc and overseas customers such as PDO OMAN.

This module meets the latest trend for the larger capacity GVPI air-cooled generators for both gas turbine and steam turbine applications. It has been described by the company as a major development in the direction towards meeting the latest trend of industry / utility requirements for higher capacities.

(Sourced from Business Line)

ref:
http://www.steelguru.com/indian_news/BHEL_tests_new_turbogenerator/169438.html

careers.bhel.in | Bharat Heavy Electricals Limited Artisans Recruitment 2010

BHEL, Tiruchirappalli a major Manufacturing unit is looking for Artisans in the following trades :

* Post : 525 posts (UR-280, Ex.SM-75, OBC-141, SC-929 ST-5,PH-16), ward of Deceased Employee of BHEL-131) of Skilled Artisans (Fitter-254, Turner, 24, Machinist-43, Electrician-24, Crane Operator-cum Rigger-30, Instrument Mechanic-3, Electronics Mechanic-3, Furnace Operator-10, Diesel Mechanic-2) , Qualification: Matric / SSC plus National Trade Certificate (NTC) plus National Apprenticeship Certificate (NAC) in the respective trade with not less than 60% marks in both NTC and NAC for General and OBC candidates and 55% for SC/ST candidates., Age: Upper age limit as on 1/10/2010 – 27 years. , Pay Scale : On successful completion of training period, candidates will be absorbed in the regular establishment as ARTISAN Gr IV in the pay scale of Rs.11700-23000/-.

Fee : Rs.125/- (No fee for SC/ST/PH). The fee can be paid in any of the branches of State Bank of India, to Power Jothi A/c, NO. 30796267034 @ HE, Kailasapuram, Trichy-14 (code no.01363) in favour of Bharat Heavy Electricals Limited, Tiruchirappalli. The triplicate challan for payment of Examination and processing fee of Rs.125/- can be downloaded from the BHEL web site.

How to Apply: Apply online at BHEL website http://careers.bhel.in/recruitment/ only upto 27/10/2010.

ref:
http://www.healthcarendiet.com/2010/10/11/careers-bhel-in-bharat-heavy-electricals-limited-artisans-recruitment-2010/

Alstom-Bharat Forge edge out Bhel

Ajoint venture (JV) between Paris-based Alstom SA and Bharat Forge Ltd edged out state-run Bharat Heavy Electricals Ltd (Bhel) to emerge as the lowest bidder, entitling it to the majority share of a Rs.9,200 crore tender, part of the single largest order ever for supply of power generation equipment.

Power sector analysts termed it a “game changer” for the Indian power equipment manufacturing sector, as the winning bid is as competitive as the prices offered by Chinese suppliers such as Shanghai Electric Group Co. Ltd, Dongfang Electric Corp. and Harbin Power Equipment Co. Ltd.

The order was floated by state-run power utility NTPC Ltd for the supply of 11 supercritical turbine generator (TG) sets of 660MW each. Supercritical equipment improves the efficiency of power plants in terms of better fuel utilization and lower emissions.


more at:
http://www.livemint.com/2010/10/08213939/AlstomBharat-Forge-edgeoutB.html?atype=tp

Having an order book of Rs 150,000 cr: BP Rao, CMD, BHEL

In an interview with ET Now, BP Rao, Chairman & Managing Director, BHEL, talks about the new order as well as the order book position of the company.

Your company has won Rs 3700-crore order from the joint venture with Karnataka Power for about 700 megawatts of supercritical unit. Could you give us the details of when the equipment will be delivered and how much of revenue of this order will be booked this very year?

This is a new order which we just received against stiff international competitive bids. This is a 700 megawatt supercritical technology. With this order, we have about 11 sets of boilers in the supercritical technology and about 9 sets of TG sets. This order will be delivered in about four years time and this year we do not have any revenues planned from this. The revenues will start from the next year on this order.

What’s the progress on your Karnataka Power project?

That is yet to start. We need to induct a strategic investor into this joint venture with Karnataka Power Corporation . That process is about to start.

more at:
http://economictimes.indiatimes.com/opinion/interviews/Having-an-order-book-of-Rs-150000-cr--BP-Rao-CMD-BHEL/articleshow/6712884.cms

BHEL ED gets Enertia Award 2010 in Hydro Power Sector

MK Dube Executive Director, BHEL, Bhopal received the prestigious 'Enertia Award-2010 for Individual Achievement in Hydro Power Sector' at an impressive ceremony held in Mumbai on Wednesday.

The award was given by former Union Minister of Power, Heavy Industry and Public Enterprises, Suresh Prabhu and former Power Secretary, Government of India, Anil Razdan.

BHEL also bagged the prestigious Enertia award 2010 - Category IV for Manufacturing excellence and ramp up in power sector manufacturing equipment. The award was received by BHEL CMD, BP Rao.

Professor AG Iyer, Editor-in-Chief and founder member of 'Enertia' awards said that the jury unanimously selected MK Dube's name for the prestigious award for his outstanding contribution in the Hydro Power sector.

Dube has steered design of a series of centrifugal type single stage, high efficiency pumps with unit capacities varying from 80 MW to 120 MW for heads ranging from 60m to 120m.

These would be one of the biggest individual pump installations in the world after commissioning and shall change the water availability scenario in Andhra Pradesh.
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Published by HT Syndication with permission from Pioneer. For any query with respect to this article or any other content requirement, please contact Editor at htsyndication@hindustantimes.com
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Copyright 2010 CMYK Printech Ltd.All Rights Reserved
The Pioneer (India)
Wire News provided by LexisNexis

ref:
http://www.hydroworld.com/index/display/news_display.1278017354.html

BHEL bags Rs 3,700-cr order in Karnataka

State-owned BHEL today said it has bagged a Rs 3,700-crore from Karnataka Power Corporation Ltd for setting up the 700 MW Bellary Thermal Power Station in Karnataka.

The Rs 3,700-crore order has been placed on BHEL by Karnataka Power Corporation Limited (KPCL) for setting up the 700-MW supercritical (energy efficient) unit at Bellary Thermal Power Station (TPS) in Karnataka, on a turn-key basis, an official statement said.

BHEL has commissioned about 5,000 MW of power generating sets in the state, which include thermal as well as hydro units of various ratings, it said.

It is also executing the 2x800 MW Yeramarus supercritical TPS of Raichur Power Corporation Limited (RPCL), a joint venture between KPCL and BHEL, which has been set up to Build, Own and Operate supercritical thermal power plants in Karnataka.

BHEL has established the capability to deliver 15,000-MW of power equipment per annum and further augmentation to 20,000 MW per annum is underway.

ref:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/BHEL-bags-Rs-3700-cr-order-in-Karnataka/articleshow/6705825.cms

India's power sector needs $300 billion investment: Shinde

Power Minister Sushilkumar Shinde Tuesday said India required over $300 billion investment in electricity and invited foreign investors to participate in the sector.

'The scope for investment in the power sector over the next few years is well over $300 billion and given our large expansion programme in this sector, we would definitely need and welcome a large amount of foreign direct investment,' he said at the 7th Annual India Investment Forum in New York.

'The confidence of investors in our sector is reflected in the fact that the initial public offer of public sector undertakings under the ministry of power over the last 5 to 6 years have been over-subscribed between 13 to 77 times,' he added, according to a statement issued by the power ministry.

Shinde said that India is growing at rapid pace and has huge opportunities for investments and technology in the power sector to move forward on the path of growth and progress.


The Indian power sector has the fifth largest electricity generation capacity in the world at more than 164,000 megawatt and the world's third largest transmission and distribution network.


However, the demand from increased manufacturing activities, a growing population and the rising energy needs of a rapidly growing consumer base has led to a situation where the supply of energy falls short of the demand.

There is a peaking shortage of almost 12 percent and an energy shortage of 9 to 10 percent in the electricity sector alone. The country is targeting a capacity addition of 62,000 megawatt in the 11th five year plan during the 2012-2017.

ref:
http://sify.com/finance/india-s-power-sector-needs-300-billion-investment-shinde-news-default-kkfvEciacje.html

BHEL commissions largest global vacuum impregnated turbogenerator

Bharat Heavy Electricals Ltd (BHEL) said it successfully tested the largest global vacuum impregnated (GVPI), air-cooled turbogenerator module, used mainly in oil and gas and power sectors.

The company's Hyderabad unit has tested the generators of ratings 150 MW, 15.75 kV at Ramachandrapuram factory. This module meets the latest trend for the larger capacity GVPI air-cooled generators for both gas turbine and steam turbine applications, the company said in a regulatory filing.

BHEL said its unit has already won 22 orders for this module of GVPI turbogenerator catering to various domestic customers such as OTPC Tripura, Hindalco, GSPC- Pipavav, etc and overseas customers.

On Tuesday, BHEL shares ended 1.9% up at Rs2,648 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.3% to 20,407 points.


ref:
http://www.moneylife.in/article/8/9704.html

POML forays in hydro power generation, will invest Rs 160 cr

Vegetable oil maker Puri Oil Mills Ltd (POML) today announced its foray into the hydro power generation with an investment of Rs 160 crore.
"Among our five hydro power projects three production units are starting production in the end of this year and in recent future, we are planning to start some more projects of hydro electric power," POML Managing Director Vivek Puri said in a statement.
The company has earmarked an investment of Rs 160 crore for setting up five hydropower generating units with a total capacity of 25 mega watts.
POML said three out of the five power generating units would start productions by the end of current year.
Recently POML has inked a power purchase agreement with Haryana power purchase centre for the supply of electricity," the statement said.
As per the agreement, the company would supply the electricity from these units to Haryana.
Puri Oil Mills, is a flagship company of the Puri Group of Industries

Ref: http://news.in.msn.com/business/article.aspx?cp-documentid=4438868

PS:
Lets see from whome they would buy the equipment.

Bhel at 52-week high - on BSE

India's largest electric equipment maker by sales Bharat Heavy Electricals jumped 1.47% extending Friday's 4.29% jump. The stock hit 52 week high of Rs. 2652 today.

ref:
http://www.indiainfoline.com/Markets/News/ITC-hits-record-high-Bhel-at-52-week-high/3318150374

Bridge & Roof in talks with BHEL for tie-up

Public sector Bridge and Roof Company (B&R) has begun talks with Bharat Heavy Electricals Ltd (BHEL) for a tie- up, which will be utilised in the pre-tender stage, Chairman and Managing Director Mukesh Jha said.

Talking to this correspondent, he said the tie-up, if it takes place, would bring benefits in the form of reduction in project cost and execution time. BHEL is one of B&R's major clients and the company is now implementing nearly Rs.1,300-crore worth project for BHEL.

“Talks and meetings have been held at the level of the Department of Heavy Industry under the Ministry of Heavy Industries and Public Enterprises and with BHEL,'' Mr. Jha said.

B&R offers civil, structural and mechanical construction services as well as EPC and turnkey packages for oil terminals. It operates in various industrial sectors including hydrocarbon, fertilizers, chemicals, power projects including nuclear power projects, steel plants and railways. Mr. Jha said B & R had now 50 project locations in India and abroad where 73 projects were under execution. Of these ten were BHEL projects, he said. Mr. Jha said that while the proposed pact with BHEL was on the company's top agenda for pre-bid tie-ups, it was also keen on entering into similar memoranda of understanding with sister companies such as EPI and BBJ.

B&R, which had suffered a loss-making spell till 2004-05, has now effected a turnaround and has cleared all government loans and liabilities besides paying dividend to the government in the last two years. It was accorded the Miniratna Status in September, hitting a milestone by a touching the Rs.1,000-crore mark in turnover in 2009-10.

Mr. Jha said that besides the capital restructuring and strengthening proposal approved by the government in 2005, a change of strategy also helped. “While previously the company concentrated on small value jobs, facing stiff competition and lower margins, the company has now changed its strategy by taking up higher value jobs where costs could be controlled better and a comfortable profit margin was possible.

B & R is now eyeing big projects with higher margins and is targeting a Rs.2,000-crore turnover by 2014-15, according to Mr. Jha.



ref:
http://www.thehindu.com/business/companies/article809266.ece

Centre asks BHEL, MP to meet deadline of 1,600 Mw power proj

The Centre today lambasted BHEL and the Madhya Pradesh government for delays in completion of 1,600 Mw power project at Khandwa in the state.

Minister of State for Heavy Industries and Public Enterprises Arun Yadav has instructed senior officials of the Ministry of Heavy Industries, BHEL and Madhya Pradesh government to ensure that the deadlines set for completion of power project in Khandwa are met, an official statement said.

He insisted that the 1,600 Mw power plant must be made operational by 2013.

Yadav was chairing a review meeting of the 1,600 Mw Dada Dhuniwale Power Project at Khandwa, which is a joint venture of BHEL and MP Power Generating Company.

He also emphasised on finding strategic investors to partner in the project so that the issue of shortage of funds with state government can be solved.



ref:
http://www.business-standard.com/india/news/centre-asks-bhel-mp-to-meet-deadline1600-mw-power-proj/110512/on

Bhel sets up health camps in Africa in efforts to build brand

In an attempt to create awareness and goodwill that may help win orders, state-run Bharat Heavy Electricals Ltd (Bhel) is holding health camps in African countries such as Libya and Sudan among others to tap the growing demand for power generation equipment there.

The power generation equipment manufacturer is taking specialist doctors from India to set up health camps in African villages, where free health check-up facilities are being offered.

"The plan is to create awareness and goodwill for Bhel. Basically these camps will be set up in those countries wherever Bhel is looking at opportunities," said a senior Bhel executive who did not want to be identified.

Bhel is present in 17 countries in Africa. Primary international markets for the company, which plans to raise export orders to '10,300 crore by 2012, are West Asia, Africa and Central Asia. While Africa is estimated to have around 10% of the world's oil reserves, it faces a chronic power shortage. Bhel won physical export orders worth '3,571 crore in the last fiscal and is hopeful of securing export orders worth '5,000 crore in the current fiscal.

more at:
http://www.americanchronicle.com/articles/yb/150356112

Bhel takes first steps towards CSR activities

Bharat Heavy Electricals (Bhel) seeks to collaborate with NGOs and social organisations to launch corporate social responsibility (CSR) projects in areas of environment protection, energy conservation, vocational training, infrastructure development and disaster management.

The move is in line with government guidelines issued in April this year asking PSUs earning more than Rs 500 crore to spend two per cent of annual profit on CSR activities. The guidelines also mandate PSUs to engage specialised agencies to implement activities identified under CSR. Bhel made a net profit of Rs 4,311 crore during financial year ended March 31, 2010.

The PSU major has invited proposals from social agencies for collaboration in fresh projects, preferably in the periphery of Bhel units. The Bhel board has identified eight priority areas of CSR projects, including adoption of ITIs and setting up skill development institutes, adoption of villages, community development and health management.

Social organisations that have been in operation for more than three years are eligible to put in their proposals. “The proposals should be launched in association with Bhel and should have measurable targets. CSR projects identified shall have long-term implications to the beneficiaries and society,” the notice inviting expression of interest (EoI) said.

more at:
http://www.mydigitalfc.com/news/bhel-takes-first-steps-towards-csr-activities-882

Import duty on equipments a boon for BHEL, L&T

Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about BHEL, L&T.

In a huge shot in the arm for most of these majors like BHEL, L&T, 14% duty slapped upon imports of equipment. But not looking good for the others like Reliance Power and Tata Power. We will start off with BHEL and L&T, your take on that and then probably some of these power majors?

Definitely is a positive news for BHEL and L&T because India envisages huge investment in power sector and these are the 2 companies that will maximise benefits from any increase in import duty. So definitely a positive for these companies. As far as the power companies go say a Tata Power or Reliance Power, definitely there would be some concerns there because the cost of funding their new projects would increase because of the increase in import duty. So yes, there is a concern on some of these power companies.

ref:
http://economictimes.indiatimes.com/markets/stocks/views/recommendations/Import-duty-on-equipments-a-boon-for-BHEL-LT/articleshow/6620355.cms

BHEL pays 233 per cent dividend for 2009-10 news

Navratna public sector enterprise Bharat Heavy Electricals Ltd (BHEL) has paid around Rs408 crore, which forms the final dividend payout of 123 per cent, towards dividend to the government for the year 2009-10.

With this, BHEL has paid an equity dividend of 233 per cent on the enhanced equity capital post-bonus for fiscal 2009-10, as against 170 per cent paid in the year before.

Government holds a 67.72 per cent equity in the electrical gear manufacturer.

BHEL chairman and managing director B P Rao presented the last of the dividend cheques to minister for heavy industries and public enterprises Vilasrao Deshmukh today.

ref:

http://www.domain-b.com/companies/companies_b/Bharat_Heavy_Electricals/20100924_turnover.html

Bhel in JV with NPCIL & Alstom for N-plant

Bharat Heavy Electricals Ltd will soon set up a joint venture with Nuclear Power Corporation of India Ltd and Alstom Ltd for setting up civil nuclear power plants in the country, Heavy Industries secretary Bhawani Singh Meena said on Thursday.

All the three companies will have 33.33% equity each in the joint venture, which would get approval from department of atomic energy within a month, Meena said.

The investment details are being worked out, Meena said, adding the joint venture was conceived a couple of years ago but government was awaiting the passage of nuclear liability Bill for the joint venture to take off.

The bill was passed in last monsoon session of Parliament

more at:
http://www.financialexpress.com/news/Bhel-in-JV-with-NPCIL---Alstom-for-N-plant/686729/

SAIL, BHEL to team up for making high-grade steel

The Heavy Industries Ministry is floating a tripartite joint venture with two public sector units and a foreign collaborator to manufacture cold-rolled grain-oriented (CRGO) steel.

The high-grade steel used in the manufacture of power equipment is currently imported.

While the MoU between BHEL and SAIL is expected to be signed in a week, the choice of the foreign technical partner is still being finalised. Korean firm Posco is expected to be the front-runner for this position.

‘Urgent need'

“With power equipment manufacturers having huge orders, the need for domestic CRGO steel capacity is urgent. We may build a new plant for this, for which we will use 300-400 acres from SAIL's existing facilities. The investment in a new production facility will be around Rs 8,000 crore,” Mr B. S. Meena, Secretary, Heavy Industries, told Business Line. .

He added that besides Posco, the Ministry is also talking to other global players such as Vizstahl from Russia and an Italian steel maker.

Steel industry sources said that SAIL has land in Maharashtra and Jharkhand where such a plant could come up. SAIL is also considering a CRGO procurement deal from the existing SAIL-Posco venture. Earlier, SAIL and Posco had signed an MoU for a 1.5-million-tonne-per-annum (MTPA) steel plant to come up at SAIL's Bokaro facility. Posco will be bringing in its patented FINEX technology for this.

“CRGO steel technology is closely held by a few global players that quote very high prices of around Rs 2 lakh a tonne,” said Mr Meena.



ref:
http://www.thehindubusinessline.com/2010/09/23/stories/2010092353450100.htm

BHEL-Tiruchi looking to expand in the west

The public sector power equipment major Bharat Heavy Electricals Limited (BHEL)’s Tiruchi unit, which manufactures boilers, is exploring possibilities to set up a greenfield facility in western India. A senior official of the company said its inability to acquire land in Tamil Nadu for expansion and the local suppliers’ capacity constraints were the reasons for a possible expansion outside Tamil Nadu.

Spread over 3,000 hectares in Tiruchi, BHEL is one of the first industrial townships in the state. The Tiruchi unit, whose foundation stone was laid in 1963, currently employs around 10,500 people.

more at:
http://www.business-standard.com/india/news/bhel-tiruchi-looking-to-expand-inwest/408736/

BHEL web-site inaugurated

BHEL Executive Director MK Dubey inaugurated the website `BHEL Bhopal Careers' with the click of a mouse. The site will feature current and future job openings. The website will provide comprehensive information regarding job openings at BHEL, Bhopal. The online recruitment software is the indigenous invention of BHEL, Bhopal's IFX Department. The software is also used by other sister units of BHEL for conducting recruitments. The site can either be accessed on www.bhelbhopal.com or at www.bhelbhopal.co.in.
Prominent among those present on this occasion were GM (HR) Girish Shrivastava, GM (P&D, IT, Quality) Dheeman Sen, GM (Finance) Ravindaran, GM (MM) Pradeep Singhal and officers from HR and IT were also present on this occasion

ref:
http://www.centralchronicle.com/viewnews.asp?articleID=47902

BHEL's Growth Momentum continues; Turnover Triples and Net Profit Quadruples in 5 years;

BHEL's Growth Momentum continues; Turnover Triples and Net Profit Quadruples in 5 years; Dividend enhanced to 233 per cent; Manufacturing capacity enhanced to 15,000 MW per annum

In fiscal 2009-10, Bharat Heavy Electricals Limited (BHEL) further built on the growth momentum achieved in the year before, with a top line growth of 22% and an all-time high Turnover of Rs.34,154 Crore. The company also recorded a quantum jump of 37% in its Net Profit (PAT) which was also the highest-ever at Rs.4,311 Crore. Notably, BHEL’s turnover has increased by three times and net profit by four times in the last five years. This was disclosed by Mr. B. Prasada Rao, Chairman & Managing Director, BHEL at the 46th Annual General Meeting of the company, here today.

Addressing shareholders, Mr. Rao said that BHEL recorded a 33% surge in Economic Value Addition (EVA), which went up to Rs.2,670 Crore from Rs.2,008 Crore in the year before. A total dividend of Rs.1,141 Crore – the highest ever, has been declared for 2009-10, which is 233% of the paid-up capital (including an interim dividend of 110%) as against 170% paid for 2008-09.

more at:
http://www.bhel.com/press_release/press_pop.php?press_id=438

BHEL definitely good medium to long term bet: Ashit Suri, Fundamental Analyst, JV Cap

Ashit Suri, Fundamental Analyst, JV Cap, in a chat with ET Now talks about L&T and BHEL.

Do you believe that the longer term competitive dynamics for an L&T look better than that of a BHEL?

Basically both these companies are leaders in the capital good space so I would not want to make that kind of a comparison here in fact in terms of L&T we have seen last couple of quarters they have not been very impressive in their performances keeping their past record in mind. But I am sure L&T is also a good accumulate call for the long term as far as BHEL is concerned its continued with its impressive performances.

Of course the top line has been a little slower in the last quarter but nevertheless the company is doing very well and latest in the news we heard of BHEL increasing its R&D expenditure also. Its market share seems to be very strong with revenue visibility seen over 5 times FY10 revenues.

So keeping all these in mind valuations are looking attractive at 18 times PE multiple for FY12, good amount of tie ups in the new peer space, voltage transmission equipment space and leader in its space so BHEL definitely looks good medium to long term bet and should be accumulate for every portfolio I would say.

ref:
http://economictimes.indiatimes.com/Views/Recommendations/articleshow/6590657.cms

CAPEX plans- BHEL to invest INR 1200 crore by 2012

Bharat Heavy Electricals is revamping its production processes to develop low cost and more efficient equipment as it seeks to counter the threat of cheap imports from China. The company plans to increase its expenditure on research and development by almost 50% to INR 1,200 crore by 2011-12.

The report quoted Mr B Prasada Rao CMD of BHEL at the 46th annual general meeting of the company as saying that “The engineering & technology character of the organization will be enhanced with increased focus on innovation and R&D.”

In 2009-10 BHEL invested INR 829 crore in R&D with prime focus on economical power equipment that have high efficiency. With its R&D initiatives, BHEL has been able to expand the load on existing power equipment to generate more power without much additional cost. For instance, it has introduced rating sets of 600 MW in the sub critical league that match Chinese 660 MW super critical sets in efficiency without escalating the cost of the equipment. The company has introduced new range of equipment and enhanced the rating of 500 mw sets to 525 MW and 250 MW to 270 MW.

The company also has secured orders worth INR 59,037 crore from domestic and international clients in 2009-10, of which about 90% came from the private sector. The current order book of the company stands at INR 144,000 crore.

Mr Rao said that against the backdrop of climate change, there would be increased focus on low carbon path technologies such as Ultra Supercritical technology, IGCC and Solar Power. He said that “BHEL proposes to play a lead role in ‘development and deployment’ of advanced Ultra Supercritical Power Plants under the proposed National Mission for Clean Coal (Carbon) Technologies.”

(Sourced from ET)

ref:
http://www.steelguru.com/indian_news/CAPEX_plans-_BHEL_to_invest_INR_1200_crore_by_2012/166078.html

ICICI joins club of 10 most valuable companies

The country's top private sector lender, ICICI Bank, made its entry into the list of the top-10 most valuable companies by market capitalisation this week, helped by a sharp rise in banking stocks.

With a market capitalisation (m-cap) of 1,28,016 crore, ICICI Bank now features at tenth rank in the list, knocking state-run BHEL out of the prestigious club. During the past week, ICICI Bank added Rs 10,809.4 crore to its m-cap.

Analysts said a sharp rise in financial stocks during the past week pushed up the m-cap of most banks.

"Banks led from the front on optimism that lending will pick up in a fast-growing Indian economy and that they are well capitalised," a broker said.

ref:
http://economictimes.indiatimes.com/markets/analysis/ICICI-joins-club-of-10-most-valuable-companies/articleshow/6584913.cms

BHEL to take over BHPV

The Bharat Heavy Plate and Vessels (BHPV) will be taken over by Bharat Heavy Electricals Limited (BHEL) after October 21, said the Union minister for heavy industries, Mr Vilasrao Deshmukh, quoting an assurance given by the Prime Minister.

Mr Deshmukh who was here on Friday visited the BHPV and held discussions with the company officials and later told reporters that the company would regain its past glory shortly. “I am aware of the problems of workers including permanent employment for R-series workers and implementation of wage revision which were already discussed with the officials concerned. All main problems would be solved in another five month’s time,” he added.

Earlier, the minister was given a warm welcome by the BHPV employees at the airport. Before meeting the leaders of recognised trade union, Parirakshana Front and others, Mr Deshmukh planted saplings on the premises of the administrative building. Among others, the RS member, Dr T. Subbarami Reddy, Ms Anakapalli MP Mr Sabbam Hari, BHPV managing director Mr S. S. Gupta, the BHEL director Mr Satya Dev, executive director Mr Sankar, joint secretary, ministry of heavy industries Mr Rajiv Bansal and director Mr Sridharan accompanied the Union minister.



ref:
http://www.deccanchronicle.com/hyderabad/bhel-take-over-bhpv-218

BHEL to invest Rs 1,200 cr in R&D by 2012

Bharat Heavy Electricals (Bhel) is revamping its production processes to develop low cost and more efficient equipment as it seeks to counter the threat of cheap imports from China. The company plans to increase its expenditure on research and development (R&D) by almost 50% to Rs 1,200 crore by 2011-12, said Bhel’s chairman and managing director B Prasada Rao at the 46th annual general meeting (AGM) of the company.

“The engineering & technology character of the organisation will be enhanced with increased focus on innovation and R&D,” he said. In 2009-10 Bhel invested `829 crore in R&D with prime focus on economical power equipment that have high efficiency.

With its R&D initiatives, Bhel has been able to expand the load on existing power equipment to generate more power without much additional cost. For instance, it has introduced rating sets of 600 mw in the sub-critical league that match Chinese 660-MW super critical sets in efficiency without escalating the cost of the equipment. The company has introduced new range of equipment and enhanced the rating of 500 mw sets to 525 mw and 250 mw to 270 mw. The company recorded a jump of 37% in profit-after-tax (PAT) to a record `4,311 crore for the fiscal ended March, 2010.

Its turnover during the fiscal also grew 22% to an all-time high of Rs 34,154 crore.

ref:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/BHEL-to-invest-Rs-1200-cr-in-RD-by-2012/articleshow/6575943.cms

90% of orders in FY10 from pvt cos: BHEL

BHEL today said it secured orders worth Rs 59,037 crore from domestic and international clients in the financial year ended March, 2010, of which about 90 per cent came from the private sector.

Out of the total orders received by BHEL during the year for power plant equipment with a cumulative generation capacity of 16,489 MW, orders received from private power utilities alone accounted for 14,689 MW, it said.

The current order book of the company stands at Rs 1,44,000 crore.

The company recorded a jump of 37 per cent in profit-after-tax (PAT) to a record Rs 4,311 crore for the fiscal ended March, 2010.

The company's focus on expansion of activities in the transportation, transmission, defence, oil & gas and other industry sectors, in addition to its core area of power, was responsible for its success during the year, it added.

During the year, the company bagged its biggest-ever contract for establishment of a captive power plant for Indian Oil Corp and also garnered major repeat orders from Hindalco for a 6x150 MW BTG package, besides the single largest order for supply of 150 units of 5,000 HP 25 kV AC mainline electric locomotives to the Indian Railways.

BHEL plans to increase expenditure on research and development (R&D) to at least Rs 1,200 crore by 2011-12, the statement added.

more at:
http://www.business-standard.com/india/news/90orders-in-fy10pvt-cos-bhel/109010/on

BHEL employees win maximum number of Prime Minister's Shram Awards

Among Public & Private Sector companies in the country, BHEL employees have been conferred the maximum number of Prime Minister’s Shram Awards (2005 to 2007). These awards are the country’s highest honour bestowed on individuals for outstanding achievements leading to higher productivity, improved quality, greater safety, import substitution and foreign exchange savings.

The awards were presented by the Hon’ble Prime Minister of India, Dr. Manmohan Singh, at a function held here today. Nineteen employees of BHEL, from its various units located across the country, shared 13 Shram awards including one Shram Bhushan, five Shram Vir and seven Shram Shree and Shram Devi awards for the years 2005-2007.

Significantly, BHEL employees’ zeal to excel supported by the company’s constant encouragement has resulted in 74 of its employees winning a sizeable number of 57 of these coveted national awards so far.

Instituted in 1985 by the Ministry of Labour, Government of India, the Shram Awards carry a cash prize and a Sanad. BHEL employees have regularly been winning these prestigious awards, since inception.

The Government of India has also recently announced the Prime Minister’s Shram Awards for the year 2008. Four workmen of BHEL have won these prestigious awards for 2008 which includes one Shram Bhushan award.

A pioneer in Human Resource Development in India, BHEL realises the value of quality human resources and that the development of this critical resource has become imperative, in view of a business environment where globalisation, competition, customer expectations, fast pace of change and new economic policies pose serious challenges.

Aimed at encouraging individuals to take up improvement projects for capability building and for continuous improvement in every sphere of activity, an Improvement Projects Rewards Scheme (IMPRESS) has been introduced company-wide. The scheme is e-network based and provides weightage for various aspects like relevance to the department, innovation/creativity, meeting targets, institutionalization, deployability and financial impact.


ref:
http://www.bhel.com/press_release/press_pop.php?press_id=437

India's Aug power output grew lowest since Feb 2009

India's power output grew an annual 1 percent in August, the slowest growth since February 2009 as some plants were shut, but peak power deficit narrowed as heavy rainfall curbed demand.

Generation by thermal plants, fired by coal, gas and liquid fuel, grew a paltry 0.6 percent, the Central Electricity Authority (CEA) said in a report posted on its website on Tuesday.

Thermal power, which generate about two-thirds of the country electricity, were hit by coal shortages, unplanned and extended maintenance shutdown at some plants, and low demand from states getting power from gas-fired plants.

Coal-based power generation grew by 2.79 percent in August from a year ago, slowed down by a 12 percent shortfall in supplies, it said.

Twelve power producers had coal stocks sufficient for less than four days' generation, the data showed.

India's peak power deficit, the shortfall between supply and demand in peak hours, in August to narrow to 10.7 percent compared with the actual 12.5 percent in July.

Energy deficit, shortages of fuel for power stations, is seen improving to 7.5 percent in August from the actual 8.5 precent recorded in July.

more at
http://af.reuters.com/article/energyOilNews/idAFSGE68D0I420100914

BHEL bags Rs 2,665 cr order from Dainik Bhaskar Power

BHEL has bagged a Rs 2,665 crore order for supply and installation of the main plant package for Dainik Bhaskar Power Limited's 2x600 MW coal-based thermal power project at Baradarha, in Janjgir district of Chhattisgarh.

As per the contract, BHEL would be entrusted with design, engineering, MFR, supply, erection, testing and commissioning of boilers, steam turbines and turbo generators, along with state-of-the-art controls and instrumentations and other associated auxiliaries, for the project, a company statement said.

While the BHEL complex in Tiruchirapalli will take care of boiler production, its Bangalore unit will handle the installation of controls and instrumentation systems and its Ranipet unit will manufacture the auxiliaries.

BHEL said independent power producers accounted for 90 per cent of the orders it received in 2009-10 for power plant equipment with a total generation capacity of 16,489 MW.


ref:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/BHEL-bags-Rs-2665-cr-order-from-Dainik-Bhaskar-Power/articleshow/6552541.cms

BHEL bags EEPC's Top Export Award for the 20th consecutive year

For outstanding export performance, Bharat Heavy Electricals Limited (BHEL) has won the Engineering Export Promotion Council (EEPC)’s Top Export Award for the twentieth year in succession. Conferred on BHEL in the category ‘Star Performer in 2008-09 for Project Exports - Large Enterprise’, The award was presented by the Hon’ble Union Minister for Commerce and Industry, Mr. Anand Sharma.

Riding high on its dominant domestic position, BHEL is taking long strides to become a major global player by enhancing its presence in international markets. It has identified overseas business as a major thrust area and the company’s globalisation strategy is yielding rich dividends.

In fiscal 2009-10, bucking the global recessionary trend, BHEL achieved a physical export order inflow of nearly Rs.3600 Crore. The year marked significant steps towards globalisation with successful forays in new markets and new product areas, apart from firmly establishing the company’s presence in existing markets and areas.

more at:
http://www.bhel.com/press_release/press_pop.php?press_id=435

BHEL`s Dadri power project stage-II dedicated to nation

The National Capital Thermal Power Project (NCTPP) Stage-II, set up by with main equipment supplied by Bharat Heavy Electricals (BHEL) at Dadri in Uttar Pradesh, was dedicated to the nation by Sonia Gandhi, Hon`ble Chairperson, United Progressive Alliance.

The 980 MW thermal power project comprising two BHEL-built (Q,N,C,F)* units of 490 MW each, has been running satisfactorily, since commercial operation. Significantly, these are the first of their kind indigenous units, which have been designed for operating at a higher reheat steam temperature of 565 degree Celsius.

These new state-of-the-art machines with a better Heat Rate lead to a direct reduction of coal consumption to the tune of 12,000 tons per annum per unit. The units also comprise advanced control, instrumentation and monitoring system.

BHEL has earlier supplied and commissioned the main plant package comprising Boilers and Steam Turbine Generators for the 4x210 MW Stage-I of NCTPP, Dadri and was also associated with NTPC`s 817 MW Combined Cycle Power Project at the same location.

ref:
http://www.myiris.com/newsCentre/storyShow.php?fileR=20100913084706203&dir=2010/09/13&secID=livenews

BHEL to float investment arm

Seeking to expand its presence in the power sector and emerge as a major player in the coming years, State-run Bharat Heavy Electricals Limited (BHEL) on Thursday said it was exploring the possibility of setting up a separate finance company in a joint venture to finance power projects.

“We would appoint a consultant which would advise us on such issues like leveraging our resources to increase our exposure in the power sector, we may pick up minority stake, say 26 per cent stake in the power projects,” Chairman and Managing Director B. P. Rao said here. The NBFC could target opportunities in overseas markets also, he added.

ref:
http://www.thehindu.com/business/companies/article623505.ece

Boost capacity to meet demand: Bhel asks vendors

Bharat Heavy Electricals (Bhel) has asked its vendors and suppliers to form clusters to ramp up their scale of operations and meet Bhel’s increased demand, said AV Krishnan, executive director, Bhel (Trichy).

After flagging off four trailers loaded with four 116-tonne ceiling griders for the country’s first 800 mw super critical thermal power station being set up at Krishnapatnam in Andhra Pradesh, Krishnan asked the ancilliary units to increase their scale of operations to achieve an annual growth rate of 30% to 35% to grab huge opportunities thrown open by the power sector. The small industries should form clusters, wherein 100 companies would in the front-end to produce a minimum of 60,000 mt a year, supported by small industrial units forming the second line.

more at:
http://www.financialexpress.com/news/Boost-capacity-to-meet-demand--Bhel-asks-vendors/679156/