State-run NTPC today commissioned a 490-MW unit at its Dadri thermal power plant for the upcoming Commonwealth Games.
Power Minister Sushilkumar Shinde inaugurated the 490 MW unit of NTPC's (2x490 MW)Dadri Stage-II thermal power project in Uttar Pradesh.
The first 490-MW Unit at the same power project was commissioned earlier by BHEL and has been running satisfactorily, BHEL said in a separate press statement.
Power generated from the Dadri Stage-II would be supplied to Delhi (90 per cent) and Uttar Pradesh (10 per cent).
With the commissioning of this project the total installed capacity of NTPC has reached 32,194 MW.
ref:
http://www.business-standard.com/india/news/ntpc-commissions-490-mw-unit-at-dadri-plant/103373/on
Friday, July 30, 2010
Thursday, July 29, 2010
BHEL looks a better bet: Sanju Verma
BHEL is a better bet, says Sanju Verma, MD & CEO, Centrum Broking.
Verma told CNBC-TV18, "I think JP Associates’ numbers were disappointing but I was not particularly surprised. As far as L&T and BHEL go, again I think both these stories are hugely different for an investor who has FY12 as his horizon then I think BHEL is the stock one should look at given that we have seen more than 40% growth in earnings aided by more than 16% growth in topline where BHEL chose to disappoint was that the incremental order inflow has started ebbing."
more at:
http://www.moneycontrol.com/news/stocks-views/bhel-looksbetter-bet-sanju-verma_473430.html
Verma told CNBC-TV18, "I think JP Associates’ numbers were disappointing but I was not particularly surprised. As far as L&T and BHEL go, again I think both these stories are hugely different for an investor who has FY12 as his horizon then I think BHEL is the stock one should look at given that we have seen more than 40% growth in earnings aided by more than 16% growth in topline where BHEL chose to disappoint was that the incremental order inflow has started ebbing."
more at:
http://www.moneycontrol.com/news/stocks-views/bhel-looksbetter-bet-sanju-verma_473430.html
Tuesday, July 27, 2010
BHEL: Topline faces heat, but rising order flow can swing it
Capital goods major Bharat Heavy Electricals (Bhel) is witnessing a moderation in its sales growth over the past few quarters. Its performance in the June 10 quarter was another evidence that the company may have to focus on its shrinking growth in its topline. This, however, may not be challenging, considering its recent capacity expansion and burgeoning order book.
At 16%, its first quarter sales growth was the lowest in the past 10 quarters. Sales growth now averages 22% in the past four quarters against 33% on a year-on-year basis. On the other hand, lower proportion of raw material costs in sales aided a faster growth of 42% in operating profit. With raw material cost coming off peak globally and significant import dependency, the company may escape the input price hit, which many capital goods companies have seen in the past two quarters. However, there has been a significant increase in other cost items and provisions such as employee cost, depreciation and tax provisions, which rose by 20-30%.
more at:
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/BHEL-Topline-faces-heat-but-rising-order-flow-can-swing-it/articleshow/6221225.cms
At 16%, its first quarter sales growth was the lowest in the past 10 quarters. Sales growth now averages 22% in the past four quarters against 33% on a year-on-year basis. On the other hand, lower proportion of raw material costs in sales aided a faster growth of 42% in operating profit. With raw material cost coming off peak globally and significant import dependency, the company may escape the input price hit, which many capital goods companies have seen in the past two quarters. However, there has been a significant increase in other cost items and provisions such as employee cost, depreciation and tax provisions, which rose by 20-30%.
more at:
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/BHEL-Topline-faces-heat-but-rising-order-flow-can-swing-it/articleshow/6221225.cms
Sunday, July 25, 2010
BHEL expect increase in order book - Mr Rao, CMD, BHEL
Power equipment major Bharat Heavy Electricals is confident of maintaining its lead in the boiler turbine generator space.
Some brokerage reports had suggested that Larsen & Toubro has been disqualified from the 11x660 MW BTG bulk tender.
Commenting on the impending BTG bulk tender from NTPC for which even L&T is a contender, Mr BP Rao chairman of BHEL said that NTPC has called for its re tendering.
Mr Rao said that margins and market share are important and he expect public & private sector order book to grow. However, raw materials for the capital goods space remain a constraint but there is no constraint as far as BHEL's manufacturing capacity is concerned. In fact, for FY11, the company expects to manufacture 16000 MW versus 13000 MW in FY10.
Q - Earlier we spoke to L&T and the sense we get is that there is lot of competition which is now coming in this boiler turbine generator segment. We have players like BGR Energy also in the picture, some of these companies are bidding for same orders which you are bidding, in which you enjoy margins of about 18%. So going forward what would be the strategy, would you compromise on margins to maintain market share or would you let some of the market share go?
A - As I have been saying earlier competition is not just only on margin, there is a performance parameter which will get loaded otherwise performance is not good. So performance has to be one of the main factors and margins definitely will play a role and depending on the competitive situation we will play accordingly. There is no question of loosing our market share on this, the leadership of BHEL has to be maintained. So we will have a mix of strategies to maintain the market margins as well as retain the market share.
ref:
http://www.steelguru.com/indian_news/BHEL_expect_increase_in_order_book_-_Mr_Rao/156634.html
Some brokerage reports had suggested that Larsen & Toubro has been disqualified from the 11x660 MW BTG bulk tender.
Commenting on the impending BTG bulk tender from NTPC for which even L&T is a contender, Mr BP Rao chairman of BHEL said that NTPC has called for its re tendering.
Mr Rao said that margins and market share are important and he expect public & private sector order book to grow. However, raw materials for the capital goods space remain a constraint but there is no constraint as far as BHEL's manufacturing capacity is concerned. In fact, for FY11, the company expects to manufacture 16000 MW versus 13000 MW in FY10.
Q - Earlier we spoke to L&T and the sense we get is that there is lot of competition which is now coming in this boiler turbine generator segment. We have players like BGR Energy also in the picture, some of these companies are bidding for same orders which you are bidding, in which you enjoy margins of about 18%. So going forward what would be the strategy, would you compromise on margins to maintain market share or would you let some of the market share go?
A - As I have been saying earlier competition is not just only on margin, there is a performance parameter which will get loaded otherwise performance is not good. So performance has to be one of the main factors and margins definitely will play a role and depending on the competitive situation we will play accordingly. There is no question of loosing our market share on this, the leadership of BHEL has to be maintained. So we will have a mix of strategies to maintain the market margins as well as retain the market share.
ref:
http://www.steelguru.com/indian_news/BHEL_expect_increase_in_order_book_-_Mr_Rao/156634.html
Friday, July 23, 2010
BHEL Q1 net up 42% to Rs 667.6 cr, beats estimates
State-run Bharat Heavy Electricals (BHEL) has announced its results for the quarter ended June 2010. It has reported net profit of Rs 667.6 crore as against Rs 470.6 crore, a growth of 41.86% on year-on-year basis (YoY).
Net sales rose 15.79% to Rs 6,479 crore from Rs 5,595.7 crore (YoY).
Numbers were better-than-expectations; CNBC-TV18 expected net profit at Rs 589 crore and net sales at Rs 6937.3 crore.
Outstanding order book backlog of the company stood at Rs 1,48,000 crore as on June 30.
Earning before interest, depreciation, tax and amortisation (EBIDTA) margin improved to 13% versus 9.3%.
ref:
http://indiaearnings.moneycontrol.com/sub_india/compnews.php?autono=471908
Net sales rose 15.79% to Rs 6,479 crore from Rs 5,595.7 crore (YoY).
Numbers were better-than-expectations; CNBC-TV18 expected net profit at Rs 589 crore and net sales at Rs 6937.3 crore.
Outstanding order book backlog of the company stood at Rs 1,48,000 crore as on June 30.
Earning before interest, depreciation, tax and amortisation (EBIDTA) margin improved to 13% versus 9.3%.
ref:
http://indiaearnings.moneycontrol.com/sub_india/compnews.php?autono=471908
Wednesday, July 21, 2010
BHEL in 10-year licencing pact for oil, gas compressors
Bharat Heavy Electricals (BHEL) touched an intraday high of Rs 2,439 and an intraday low of Rs 2,417.05. At 10:35 hrs the share was quoting at Rs 2,425.60, up Rs 10.90, or 0.45%.
BHEL and General Electric are in 10-year licencing pact for oil, gas compressors, quoting, NewsWire18, reports CNBC-TV18.
It was trading with volumes of 10,588 shares. Yesterday the share closed down 0.01% or Rs 0.30 at Rs 2,414.70.
ref:
http://www.moneycontrol.com/news/buzzing-stocks/bhel10-year-licencing-pact-for-oil-gas-compressors_471238.html
BHEL and General Electric are in 10-year licencing pact for oil, gas compressors, quoting, NewsWire18, reports CNBC-TV18.
It was trading with volumes of 10,588 shares. Yesterday the share closed down 0.01% or Rs 0.30 at Rs 2,414.70.
ref:
http://www.moneycontrol.com/news/buzzing-stocks/bhel10-year-licencing-pact-for-oil-gas-compressors_471238.html
Monday, July 19, 2010
Difficult for BHEL to break 2400: Sandeep Wagle, & MD, APTART Technical Advisory Services
Sandeep Wagle : BHEL is a little sideways. I do not see BHEL crossing 2460 to 2470 in the immediate future.
Downside too, I do not see it breaking 2400. So I would call it very much range bound. Unless one has a long term view which is beyond 3 to 6 months, no point in trading at this point of time.
ref:
http://economictimes.indiatimes.com/Views/Recommendations/articleshow/6185986.cms
Downside too, I do not see it breaking 2400. So I would call it very much range bound. Unless one has a long term view which is beyond 3 to 6 months, no point in trading at this point of time.
ref:
http://economictimes.indiatimes.com/Views/Recommendations/articleshow/6185986.cms
BHEL gets Rs26.65 billion order in Chattisgarh
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Bharat Heavy Electricals Limited (BHEL) has secured a contract to set up a 1,200 MW thermal power plant (2x600 MW) in Chhattisgarh.
The Rs26.65 billion order has been placed by Dainik Bhaskar Power Limited (DBPL), an Independent Power Producer (IPP), for supplying and installing the main plant package for their upcoming coal-based thermal power project, located at Baradarha in Janjgir district of Chhattisgarh.
BHEL’s scope of work in the contract envisages design, engineering, manufacture, supply, erection, testing and commissioning of Boilers, Steam Turbines and Turbo-Generators along with state-of-the-art Controls and Instrumentation (C&I) and other associated auxiliaries.
BHEL has managed to secure a large number orders from Private Power Utilities in fiscal 2009-10. Out of the total orders of 16,489 MW for Power Plant Equipment received by BHEL during the year, the orders received from IPPs alone accounted for 14,689 MW. This constituted nearly 90% of the total orders booked by BHEL’s Power Sector.
The company has fully established state-of-the-art technology for the manufacture of thermal sets up to 1,000 MW rating. It has introduced new rating thermal sets of 270 MW, 525 MW, and 600 MW, in addition to 250 MW and 500 MW thermal sets. With this order, BHEL has so far secured orders for 17 numbers of 600 MW sets.
ref
http://www.constructionweekonline.in/article-6609-bhel_bags_rs2665_billion_thermal_plant_contract/
Bharat Heavy Electricals Limited (BHEL) has secured a contract to set up a 1,200 MW thermal power plant (2x600 MW) in Chhattisgarh.
The Rs26.65 billion order has been placed by Dainik Bhaskar Power Limited (DBPL), an Independent Power Producer (IPP), for supplying and installing the main plant package for their upcoming coal-based thermal power project, located at Baradarha in Janjgir district of Chhattisgarh.
BHEL’s scope of work in the contract envisages design, engineering, manufacture, supply, erection, testing and commissioning of Boilers, Steam Turbines and Turbo-Generators along with state-of-the-art Controls and Instrumentation (C&I) and other associated auxiliaries.
BHEL has managed to secure a large number orders from Private Power Utilities in fiscal 2009-10. Out of the total orders of 16,489 MW for Power Plant Equipment received by BHEL during the year, the orders received from IPPs alone accounted for 14,689 MW. This constituted nearly 90% of the total orders booked by BHEL’s Power Sector.
The company has fully established state-of-the-art technology for the manufacture of thermal sets up to 1,000 MW rating. It has introduced new rating thermal sets of 270 MW, 525 MW, and 600 MW, in addition to 250 MW and 500 MW thermal sets. With this order, BHEL has so far secured orders for 17 numbers of 600 MW sets.
ref
http://www.constructionweekonline.in/article-6609-bhel_bags_rs2665_billion_thermal_plant_contract/
Friday, July 16, 2010
&T Power ends BHEL monopoly
&T Power, which started production yesterday at its Hazira (Gujarat) facility, has become the second domestic boiler, turbine, and generator (BTG) equipment maker after government-owned Bharat Heavy Electricals Ltd (BHEL). The company has already bagged 6,500 Mw of orders.
L&T Power will deliver its first turbine, for Andhra Pradesh Power Generation Corporation’s (APGenco’s) 2x800 Mw Krishnapatanam project by September, Ravi Uppal, chief executive and managing director of L&T Power told Business Standard.
more at:
http://www.business-standard.com/india/news/lt-power-ends-bhel-monopoly/401685/
L&T Power will deliver its first turbine, for Andhra Pradesh Power Generation Corporation’s (APGenco’s) 2x800 Mw Krishnapatanam project by September, Ravi Uppal, chief executive and managing director of L&T Power told Business Standard.
more at:
http://www.business-standard.com/india/news/lt-power-ends-bhel-monopoly/401685/
Tuesday, July 13, 2010
Expect 20-25% return on BHEL in 1 year
In a chat with ET Now, Paras Adenwala, MD & Principal Portfolio Manager, Capital Portfolio Advisors, talks about the outlook of BHEL and Petron Engineering.
What is your sense on BHEL and Petron Eng?
My theme is clearly to buy BHEL because it's at a steep discount to L&T. Although the business models are not comparable, traditionally we have seen that both BHEL and L&T move in tandem in terms of valuation multiples. There have been several times when BHEL quotes at a premium to L&T. Today BHEL is available at just about 15.5-16 times on FY12 basis, while L&T is roughly about 20-21 times and such a huge gap between the valuations of both these majors is unwarranted, and therefore, I expect this gap to be breached. Therefore, BHEL makes a very compelling buy for about 25-30% return over the next one year.
more at:
http://economictimes.indiatimes.com/markets/stocks/views/recommendations/Expect-20-25-return-on-BHEL-in-1-year/articleshow/6158830.cms
What is your sense on BHEL and Petron Eng?
My theme is clearly to buy BHEL because it's at a steep discount to L&T. Although the business models are not comparable, traditionally we have seen that both BHEL and L&T move in tandem in terms of valuation multiples. There have been several times when BHEL quotes at a premium to L&T. Today BHEL is available at just about 15.5-16 times on FY12 basis, while L&T is roughly about 20-21 times and such a huge gap between the valuations of both these majors is unwarranted, and therefore, I expect this gap to be breached. Therefore, BHEL makes a very compelling buy for about 25-30% return over the next one year.
more at:
http://economictimes.indiatimes.com/markets/stocks/views/recommendations/Expect-20-25-return-on-BHEL-in-1-year/articleshow/6158830.cms
Monday, July 12, 2010
Recruitment of Artisans
Results of Artisans - Electrician, Fitter, Machinist, Turner, Welder declared.
ref:
http://www.careers.bhelhwr.co.in/artisan/atr_main_onlne_exam.html
ref:
http://www.careers.bhelhwr.co.in/artisan/atr_main_onlne_exam.html
Distribution of Shareholding as on 30.06.2010
Here is the latest Distribution of Shareholding in BHEL as on 30.06.2010
http://www.bhel.com/dynamic_files//press_files/pdf/shareholding_june_2010.pdf
http://www.bhel.com/dynamic_files//press_files/pdf/shareholding_june_2010.pdf
Saturday, July 10, 2010
BHEL holds workshop on `Public Relations: Different Dimensions'
Publicity & Public Relations Department organized a workshop on "Public Relations : Different Dimensions" today at IFX Conference Hall BHEL Bhopal. The programme was inaugurated with lighting of lamp. Manoj Shrivastava, Commissioner, Bhopal was invited as Guest Lecturer in this programme. M K Dube, Executive Director, BHEL, Bhopal presided over the programme. R K Girdonia, GM (HR), all other GMs, DROs & other Sr Executives were in this programme.
Shrivastava shared his rich experience of Commissioner Public Relations in Government of M.P with the officials of BHEL. He stressed on collective decision making through which the employee/general public automatically buildup the image of organizations. He further said that the work of an organization should be seen & heard, in this PR Dept. plays an important role of image building. During the discussion he said that the role of PR Dept. is like a linking pin between general public and top management they works as a bridge between them by sharing information timely and accurately to both the side. He further said that in our organization we are does various work which may be a news from media's point of view and it is the duty of P&PR Dept. to share this information with the society through media. Shrivastava on the spot resolved the quires of the participants. It was an interactive workshop and all appreciated the programme.
On this occasion Dubey, in his presidential address said that public relations is the art and science of establishing relationship between an organization and its key audience. He further said that the business world today is extremely competitive. Companies need to have an edge that makes them stand out from the crowd. One more aspects of PR is effective communications.
Girdonia, in his presidential address said that BHEL officials present have both as technocrats and administrators whereas we expects more in the field of public relations as it is nowhere in the books.
ref:
http://www.centralchronicle.com/viewnews.asp?articleID=41119
Shrivastava shared his rich experience of Commissioner Public Relations in Government of M.P with the officials of BHEL. He stressed on collective decision making through which the employee/general public automatically buildup the image of organizations. He further said that the work of an organization should be seen & heard, in this PR Dept. plays an important role of image building. During the discussion he said that the role of PR Dept. is like a linking pin between general public and top management they works as a bridge between them by sharing information timely and accurately to both the side. He further said that in our organization we are does various work which may be a news from media's point of view and it is the duty of P&PR Dept. to share this information with the society through media. Shrivastava on the spot resolved the quires of the participants. It was an interactive workshop and all appreciated the programme.
On this occasion Dubey, in his presidential address said that public relations is the art and science of establishing relationship between an organization and its key audience. He further said that the business world today is extremely competitive. Companies need to have an edge that makes them stand out from the crowd. One more aspects of PR is effective communications.
Girdonia, in his presidential address said that BHEL officials present have both as technocrats and administrators whereas we expects more in the field of public relations as it is nowhere in the books.
ref:
http://www.centralchronicle.com/viewnews.asp?articleID=41119
BHEL, Titan Energy among 17 to put 20 MW solar PV units
The Ministry of New and Renewable Energy (MNRE), through the Non-Conventional Energy Development Corporation (NEDCAP) of Andhra Pradesh has selected the developers to execute 20 MW of solar photo-voltaic units under the phase one of the National Solar Mission, wherein it was decided to award about 100 MW of capacity to the government and private entities.
Of the 345 applicants from the State, 17 developers, including solar panel makers, solar photovoltaic power generation companies, and Government and public establishments and undertakings, were shortlisted by NEDCAP.
About 4.25 MW of generation capacity has been allocated for solar panel manufacturers and another 4.2 MW to BHEL (1 MW), Hyderabad Metro Water Works (1MW), AP Genco (1MW), APIIC (1 MW) and Dr. MCR HRD Institute (200 kW).
Under the private sector, Titan Energy Systems (1MW), Photon Energy (1MW), Premier Solar, Solar Semiconductor and Andromeda were allotted about 750 kW each for execution.
Of the 20 MW allocated to the State, 11.8 MW has been handed over to private developers
more at:
http://www.thehindubusinessline.com/2010/07/11/stories/2010071151710200.htm
Of the 345 applicants from the State, 17 developers, including solar panel makers, solar photovoltaic power generation companies, and Government and public establishments and undertakings, were shortlisted by NEDCAP.
About 4.25 MW of generation capacity has been allocated for solar panel manufacturers and another 4.2 MW to BHEL (1 MW), Hyderabad Metro Water Works (1MW), AP Genco (1MW), APIIC (1 MW) and Dr. MCR HRD Institute (200 kW).
Under the private sector, Titan Energy Systems (1MW), Photon Energy (1MW), Premier Solar, Solar Semiconductor and Andromeda were allotted about 750 kW each for execution.
Of the 20 MW allocated to the State, 11.8 MW has been handed over to private developers
more at:
http://www.thehindubusinessline.com/2010/07/11/stories/2010071151710200.htm
BHEL net up 37%, bags ICWAI award again
Bharat Heavy Electricals Limited (BHEL) has been conferred the maximum number of ‘ICWAI National Awards for Excellence in Cost Management’, among public and private sector companies. Significantly, the company has won seven of these prestigious awards for 2009.
BHEL, in a statement, said that it has been awarded the recognition for the fifth successive year, having earlier won the awards for the years 2005, 2006, 2007 and 2008.
The company achieved a significant growth of 21 per cent in its turnover at Rs 34,154 crore and recorded an all-time high net profit (PAT) of Rs 4,311 crore, as against Rs 3,138 crore in the year before - a growth of 37 per cent. The best cost management practices across the company enabled BHEL to reduce the material cost by 2.8 per cent in 2009-10.
With a highest-ever order book position of over Rs 1,44,000 crore, at the end of the fiscal, the company expects to achieve robust growth in 2010-11 and beyond. A final equity dividend of 123 per cent has been declared in addition to the interim equity dividend of 110 per cent paid earlier for fiscal 2009-10, maintaining the track record of paying dividends uninterruptedly since 1976-77.
BHEL has maintained its track record of earning profits uninterruptedly for over three decades without a break.
The company has established the capability to deliver 15,000 MW per annum and further augmentation to 20,000 MW per annum is underway.
ref:
http://expressbuzz.com/finance/bhel-net-up-37-bags-icwai-award-again/188462.html
BHEL, in a statement, said that it has been awarded the recognition for the fifth successive year, having earlier won the awards for the years 2005, 2006, 2007 and 2008.
The company achieved a significant growth of 21 per cent in its turnover at Rs 34,154 crore and recorded an all-time high net profit (PAT) of Rs 4,311 crore, as against Rs 3,138 crore in the year before - a growth of 37 per cent. The best cost management practices across the company enabled BHEL to reduce the material cost by 2.8 per cent in 2009-10.
With a highest-ever order book position of over Rs 1,44,000 crore, at the end of the fiscal, the company expects to achieve robust growth in 2010-11 and beyond. A final equity dividend of 123 per cent has been declared in addition to the interim equity dividend of 110 per cent paid earlier for fiscal 2009-10, maintaining the track record of paying dividends uninterruptedly since 1976-77.
BHEL has maintained its track record of earning profits uninterruptedly for over three decades without a break.
The company has established the capability to deliver 15,000 MW per annum and further augmentation to 20,000 MW per annum is underway.
ref:
http://expressbuzz.com/finance/bhel-net-up-37-bags-icwai-award-again/188462.html
Thursday, July 8, 2010
BHEL Bhopal recommended for ISO 14001, OHSAS 18001 certifications
Anupam Chopra and Sameer Saxena, the lead auditors, have recommended BHEL Bhopal unit for ISO 14001 & OHSAS 18001 certification after four day 5th to 8th July 2010 audit which concluded on Thursday here in BHEL Bhopal.
M K Dube, Executive Director, BHEL Bhopal, congratulated BHEL team for this achievement. All General Managers, Senior Executives, HSE officers were present on this occasion.
Speaking on this occasion Dube said that BHEL Bhopal Management provided all safety related equipment to all the employees. He assured the team that their suggestions will be positively implemented very soon.
R. K. Girdonia, GM HR, on this occasion said that BHEL Bhopal is totally committed to providing safely and healthy environment to all the employees. It has also taken care during manufacturing process that our products are manufactured as per the norms of safety and environment.
ref:
http://www.ummid.com/news/2010/July/08.07.2010/bhel_bhopal_for_iso_14001.htm
M K Dube, Executive Director, BHEL Bhopal, congratulated BHEL team for this achievement. All General Managers, Senior Executives, HSE officers were present on this occasion.
Speaking on this occasion Dube said that BHEL Bhopal Management provided all safety related equipment to all the employees. He assured the team that their suggestions will be positively implemented very soon.
R. K. Girdonia, GM HR, on this occasion said that BHEL Bhopal is totally committed to providing safely and healthy environment to all the employees. It has also taken care during manufacturing process that our products are manufactured as per the norms of safety and environment.
ref:
http://www.ummid.com/news/2010/July/08.07.2010/bhel_bhopal_for_iso_14001.htm
Will look into PSU bribe allegations: Central Vigilance Commission
The Central Vigilance Commission (CVC) today said it will look into the allegations of bribery against officials of state-owned BHEL and NTPC once their names are disclosed by the US Department of Justice.
"We have our chief vigilance officers in all organisations and they are suppose to carry out their job," the CVC's Chief Technical Examiner, V Ramachandran, told reporters, adding that the commission will scrutinise the matter whenever it is brought to its notice.
Ramachandran said this while responding to queries on the documents presented by the US Department of Justice in an American court stating that California-based Control Component Inc had bribed officials of Indian PSUs, including BHEL, NTPC and several state electricity boards, to bag orders.
California-based Control Component Inc (CCI) on June 31, 2009, pleaded guilty before the US court to having committing bribery in 36 countries from 2003 to 2007.
more at:
http://economictimes.indiatimes.com/news/politics/nation/Will-look-into-PSU-bribe-allegations-Central-Vigilance-Commission/articleshow/6143231.cms
"We have our chief vigilance officers in all organisations and they are suppose to carry out their job," the CVC's Chief Technical Examiner, V Ramachandran, told reporters, adding that the commission will scrutinise the matter whenever it is brought to its notice.
Ramachandran said this while responding to queries on the documents presented by the US Department of Justice in an American court stating that California-based Control Component Inc had bribed officials of Indian PSUs, including BHEL, NTPC and several state electricity boards, to bag orders.
California-based Control Component Inc (CCI) on June 31, 2009, pleaded guilty before the US court to having committing bribery in 36 countries from 2003 to 2007.
more at:
http://economictimes.indiatimes.com/news/politics/nation/Will-look-into-PSU-bribe-allegations-Central-Vigilance-Commission/articleshow/6143231.cms
Wednesday, July 7, 2010
West Bengal PDCL in talks with BHEL to set up thermal units at power plants -
The West Bengal Power Development Corporation (PDCL) is negotiating with Central sector organizations to set up large thermal power units in some of the existing power stations in the state in an effort to meet the power shortage, power minister Nirupam Sen said in the assembly on Wednesday.
"We have talked to NTPC to set up new 660-MW units at Santaldih. Similarly, we want to enter into a joint venture with Bhel to set up 800-MW units at Katwa," he said.
Sen said PDCL wanted to set up these "supercritical units" to meet the increasing demand for power in future but did not have the technical expertise to do. That's why it was necessary to have joint ventures with NTPC and Bhel.
http://timesofindia.indiatimes.com/City/Kolkata-/Talks-to-set-up-thermal-units-at-power-plants/articleshow/6140779.cms
"We have talked to NTPC to set up new 660-MW units at Santaldih. Similarly, we want to enter into a joint venture with Bhel to set up 800-MW units at Katwa," he said.
Sen said PDCL wanted to set up these "supercritical units" to meet the increasing demand for power in future but did not have the technical expertise to do. That's why it was necessary to have joint ventures with NTPC and Bhel.
http://timesofindia.indiatimes.com/City/Kolkata-/Talks-to-set-up-thermal-units-at-power-plants/articleshow/6140779.cms
US co bribed several Indian firms to bag lucrative contracts- BHEL employees included !!
Officials of Indian PSUs like BHEL and NTPC appear to be the beneficiaries of bribes that were doled out by a California-based valve company to bag lucrative contracts, mostly for tools used in the construction of power plants.
Prominent among these Indian companies are Bharat Heavy Electricals Ltd, Maharashtra State Electricity Board, Haryana State Electricity Board, National Thermal Power Corporation and Bhilai Electric, according to documents submitted by the US Department of Justice before a US court.
:
:
According to court documents, the CCI -- in two installments on November 6, 2006 and January 9, 2009 -- made a total payment of USD 69,012 to BHEL and MSEB.
BHEL officials are reported to be the beneficiaries in several other instances, but most of the amounts are less than USD 5,000.
In 2007, officials of the Bhilai Electricals are believed to have received USD 8,600, while those of HSEB received USD 15,802 through a transaction on July 7, 2007.
:
:
more at:
http://economictimes.indiatimes.com/Corporate-Trends/articleshow/6137694.cms
Prominent among these Indian companies are Bharat Heavy Electricals Ltd, Maharashtra State Electricity Board, Haryana State Electricity Board, National Thermal Power Corporation and Bhilai Electric, according to documents submitted by the US Department of Justice before a US court.
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According to court documents, the CCI -- in two installments on November 6, 2006 and January 9, 2009 -- made a total payment of USD 69,012 to BHEL and MSEB.
BHEL officials are reported to be the beneficiaries in several other instances, but most of the amounts are less than USD 5,000.
In 2007, officials of the Bhilai Electricals are believed to have received USD 8,600, while those of HSEB received USD 15,802 through a transaction on July 7, 2007.
:
:
more at:
http://economictimes.indiatimes.com/Corporate-Trends/articleshow/6137694.cms
Tuesday, July 6, 2010
BHEL to declare Q1 results on Jul 23, 2010
Bharat Heavy Electricals Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 23, 2010, inter alia, to consider and take on record the Unaudited Financial Results of the Company for the Quarter ended on June 30, 2010 (Q1).
The stock was trading at Rs.2378, up by Rs.18.25 or 0.77%. The stock hit an intraday high of Rs.2383.20 and low of Rs.2359.
The total traded quantity was 16384 compared to 2 week average of 52329.
ref:
http://www.equitybulls.com/admin/news2006/news_det.asp?id=76662
The stock was trading at Rs.2378, up by Rs.18.25 or 0.77%. The stock hit an intraday high of Rs.2383.20 and low of Rs.2359.
The total traded quantity was 16384 compared to 2 week average of 52329.
ref:
http://www.equitybulls.com/admin/news2006/news_det.asp?id=76662
Monday, July 5, 2010
Expect increase in public, pvt sector order book: BHEL
Bharat Heavy Electricals (BHEL) is confident of maintaining its lead in the boiler-turbine-generator (BTG) Space. Commenting on the impending BTG bulk tender from NTPC, for which even L&T is a contender, BP Rao, Chairman, BHEL said NTPC has called for its re-tendering. Some brokerage reports had suggested that Larsen & Toubro has been disqualified from the 11x660 mw BTG bulk tender.
Rao said margins and market share are important and he expect public & private sector order book to grow. However, raw materials for the capital goods space remain a constraint but there is no constraint as far as BHEL's manufacturing capacity is concerned. In fact, for FY11, the company expects to manufacture 16000 MW versus 13000 MW in FY10, Rao said.
more at:
http://www.moneycontrol.com/news/business/expect-increasepublic-pvt-sector-order-book-bhel_467972.html
Rao said margins and market share are important and he expect public & private sector order book to grow. However, raw materials for the capital goods space remain a constraint but there is no constraint as far as BHEL's manufacturing capacity is concerned. In fact, for FY11, the company expects to manufacture 16000 MW versus 13000 MW in FY10, Rao said.
more at:
http://www.moneycontrol.com/news/business/expect-increasepublic-pvt-sector-order-book-bhel_467972.html
Sunday, July 4, 2010
IndianOil eyes Rs 100 cr solar power plant in green thrust with BHEL as partner
Flagship refiner-marketer IndianOil Corporation is setting up a grid-linked solar power plant worth about Rs 100 crore at Barmer in Rajasthan, even as the state-run firm sharpens focus on non-conventional energy sources in an attempt to supplement fossil fuels earnings with carbon credits and move towards a green future.
Sources said IndianOil will set up the plant as an equal venture with government-run power equipment manufacturer Bhel. The plant will be set up on a parcel of land belonging to the oil company's marketing division, while Bhel will supply the panels and other paraphernalia. Most of the electricity generated from the plant will be sold to the general grid, while some quantity may be used for captive use.
more at:
http://timesofindia.indiatimes.com/India/IndianOil-eyes-Rs-100-cr-solar-power-plant-in-green-thrust-/articleshow/6128173.cms
Sources said IndianOil will set up the plant as an equal venture with government-run power equipment manufacturer Bhel. The plant will be set up on a parcel of land belonging to the oil company's marketing division, while Bhel will supply the panels and other paraphernalia. Most of the electricity generated from the plant will be sold to the general grid, while some quantity may be used for captive use.
more at:
http://timesofindia.indiatimes.com/India/IndianOil-eyes-Rs-100-cr-solar-power-plant-in-green-thrust-/articleshow/6128173.cms
Thursday, July 1, 2010
BHEL ED Dube administers productivity pledge to GMs
The BHEL Executive Director MK Dube today administered productivity pledge to all general managers and senior executives in a simple function held at Administrative Building conference hall. Later on, employees were administered productivity pledge by respective HoDs.
On this occasion Dube appealed to work with commitment for the progress of company and the nation. He further said that all the employees are contributing towards Business Excellence keeping in mind mission, vision and goal of the company. It is worth mentioning here that on August 29, 1956 present BHEL was registered as HE (India) Ltd and construction of the factory started in 1958. The very first batch of the trainees launched formal production on July 1: , 1960. After independence it was a major breakthrough in the modern temple of India. Since then this day is celebrated as Productivity Day in BHEL and employees take production pledge to mark this occasion.
ref:
http://www.centralchronicle.com/viewnews.asp?articleID=40281
On this occasion Dube appealed to work with commitment for the progress of company and the nation. He further said that all the employees are contributing towards Business Excellence keeping in mind mission, vision and goal of the company. It is worth mentioning here that on August 29, 1956 present BHEL was registered as HE (India) Ltd and construction of the factory started in 1958. The very first batch of the trainees launched formal production on July 1: , 1960. After independence it was a major breakthrough in the modern temple of India. Since then this day is celebrated as Productivity Day in BHEL and employees take production pledge to mark this occasion.
ref:
http://www.centralchronicle.com/viewnews.asp?articleID=40281
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