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