Cash flow at state-owned Bharat Heavy Electricals Ltd (Bhel) is slowing because private power project developers are delaying payments for dispatched material, which could potentially impact profits at India’s largest power generation equipment manufacturer.
“Our outstandings from the power sector and industry are going up,” a company executive said on condition of anonymity. “Some private sector developers are not paying on time.”
The payments that are due (from various debtors) rose 38.29% to Rs.30,569.29 crore at the end of the September quarter from Rs.22,103.93 crore in the year earlier.
more at:
http://www.livemint.com/2011/11/28201425/Bhel8217s-cash-flowdecline.html?atype=tp
Monday, November 28, 2011
Sunday, November 20, 2011
BHEL, NTPC play turnaround specialists
Public sector undertakings are seldom known to script a corporate turnaround.
BHEL and NTPC Ltd, though, are exceptions. Both have managed to turn around two perpetually bleeding state-owned undertakings that were taken out of the Board for Industrial and Financial Reconstruction (BIFR) and placed under their respective charge.
more at:
http://www.thehindubusinessline.com/industry-and-economy/economy/article2644268.ece?homepage=true&ref=wl_home
BHEL and NTPC Ltd, though, are exceptions. Both have managed to turn around two perpetually bleeding state-owned undertakings that were taken out of the Board for Industrial and Financial Reconstruction (BIFR) and placed under their respective charge.
more at:
http://www.thehindubusinessline.com/industry-and-economy/economy/article2644268.ece?homepage=true&ref=wl_home
BHEL Q2 profit down by 23pct
Bharat Heavy Electricals has posted a net profit of INR 14.12 billion for the quarter ended September 30th 2011 as compared to INR 11.42 billion for the quarter ended September 30th 2010, representing an increase of 23.62%.
The company’s net sales has increased 23.66% from INR 83.28 billion for the quarter ended September 30th 2010 to INR 102.99 billion for the quarter ended September 30th 2011.
(Sourced from IRIS.com)
ref:
http://www.steelguru.com/indian_news/BHEL_Q2_profit_down_by_23pct/236655.html
The company’s net sales has increased 23.66% from INR 83.28 billion for the quarter ended September 30th 2010 to INR 102.99 billion for the quarter ended September 30th 2011.
(Sourced from IRIS.com)
ref:
http://www.steelguru.com/indian_news/BHEL_Q2_profit_down_by_23pct/236655.html
Friday, November 18, 2011
BHEL, Bhopal manufactures Indigenously designed Live Steam Reheater
The HCM Department of BHEL, Bhopal has successfully manufactured the indigenously designed Live Steam Reheater (LSR). BHEL is the first Indian manufacturer to possess this technology. It took the company four years of hard work to give final shape to the LSR project. Ultra modern technology equipment and 140mm defect free welding of special alloy steel was utilised in the manufacturing of the LSR.
The concluding test on the LSR was conducted in presence of Nuclear Power Corporation and it met all prescribed parameters.
This is the highest ever pressure designed vessel for steam reheating. In addition to meeting the functional requirements, it can withstand internal forces, earthquakes and heavy piping loads.
U.C. Shrivastava, GM, PDX & J. K. Bhati, GM, Quality flagged off the LSR for dispatch to be set up at 500 MW Pressurized Fast Breeder Reactor at Kalpakkam, Chennai. N.R. Edkie, GM, Fabrication, Subhash Saxena, GM, CDC, D. K. Dixit, GM, WEX & MOD, Devdatt Pathak, AGM-HCM and other senior officials were also present during the flagging off ceremony.
ref:
http://machinist.in/index.php?option=com_content&task=view&id=3978&Itemid=2
The concluding test on the LSR was conducted in presence of Nuclear Power Corporation and it met all prescribed parameters.
This is the highest ever pressure designed vessel for steam reheating. In addition to meeting the functional requirements, it can withstand internal forces, earthquakes and heavy piping loads.
U.C. Shrivastava, GM, PDX & J. K. Bhati, GM, Quality flagged off the LSR for dispatch to be set up at 500 MW Pressurized Fast Breeder Reactor at Kalpakkam, Chennai. N.R. Edkie, GM, Fabrication, Subhash Saxena, GM, CDC, D. K. Dixit, GM, WEX & MOD, Devdatt Pathak, AGM-HCM and other senior officials were also present during the flagging off ceremony.
ref:
http://machinist.in/index.php?option=com_content&task=view&id=3978&Itemid=2
Wednesday, November 16, 2011
HCM Dept Bhel successfully manufactures LCR
HCM Department BHEL, Bhopal adding one more gem to its glorified crown has successfully manufactured the indigenously designed Live Steam Reheater, LSR. General Manager, PDX UC Shrivastava and General Manager, Quality JK Bhati flagged off the LSR for dispatch to be set up at 500 MW Pressurised Fast Breeder Reactor at Kalpakkam, Chennai. General Manager, Fabrication NR Edkie, General Manager, CDC Subhash Saxena, General Manager, WEX & MOD DK Dixit, AGM-HCM Devdatt Pathak and other senior officials were also present on the occasion.
BHEL has now become the first Indian manufacturer to possess the above technology. This is the highest ever pressure designed vessel of steam to steam reheating. Ultra modern technology, equipments and 140mm defect free welding of special alloy steel was used in the manufacturing of LSR. HCM Department after four years of hard work gave final shape to the high quality technological innovation. The concluding test was conducted in presence of the esteemed customer Nuclear Power Corporation (NPC) meeting all prescribed parameters.
more at:
http://www.dailypioneer.com/state-editions/bhopal/20951-inbrief.html
BHEL has now become the first Indian manufacturer to possess the above technology. This is the highest ever pressure designed vessel of steam to steam reheating. Ultra modern technology, equipments and 140mm defect free welding of special alloy steel was used in the manufacturing of LSR. HCM Department after four years of hard work gave final shape to the high quality technological innovation. The concluding test was conducted in presence of the esteemed customer Nuclear Power Corporation (NPC) meeting all prescribed parameters.
more at:
http://www.dailypioneer.com/state-editions/bhopal/20951-inbrief.html
Monday, November 14, 2011
BHEL Q2 profit climbs 23.6%
Bharat Heavy Electricals (BHEL) has posted a net profit of Rs 14.12 billion for the quarter ended Sept. 30, 2011 as compared to Rs 11.42 billion for the quarter ended Sept. 30, 2010, representing an increase of 23.62%.
Net sales has increased 23.66% from Rs 83.28 billion for the quarter ended Sept. 30, 2010 to Rs 102.99 billion for the quarter ended Sept. 30, 2011.
Shares of the company declined Rs 6.7, or 2.07%, to settle at Rs 317.40. The total volume of shares traded was 265,894 at the BSE (Monday).
ref:
http://www.myiris.com/newsCentre/storyShow.php?fileR=20111114171315715&dir=2011/11/14&secID=resultanal&code1=&code=
Net sales has increased 23.66% from Rs 83.28 billion for the quarter ended Sept. 30, 2010 to Rs 102.99 billion for the quarter ended Sept. 30, 2011.
Shares of the company declined Rs 6.7, or 2.07%, to settle at Rs 317.40. The total volume of shares traded was 265,894 at the BSE (Monday).
ref:
http://www.myiris.com/newsCentre/storyShow.php?fileR=20111114171315715&dir=2011/11/14&secID=resultanal&code1=&code=
Sunday, November 13, 2011
B. Prasada Rao, CMD, BHEL receives Ninth Wärtsilä Mantosh Sondhi Award
Wärtsilä India has conferred the Ninth Wärtsilä Mantosh Sondhi Award on B. Prasada Rao, Chairman & Managing Director, Bharat Heavy Electricals Ltd (BHEL) for his outstanding contribution to the energy sector in India. The award ceremony was held at the Trident, Mumbai, yesterday and Shri. B. Prasada Rao accepted the prestigious award from Björn Rosengren, President and CEO, Wärtsilä Corporation.
B. Prasada Rao is the Chairman and Managing Director of Bharat Heavy Electricals Limited, a USD 9.65 billion company that ranks among the leading companies of the world engaged in the field of Power Plant Equipment. He holds a Masters degree in Industrial Engineering from NITIE, Mumbai and is a Mechanical Engineering Graduate from Jawaharlal Nehru Technological University, Kakinada, Andhra Pradesh.
ref:
http://www.indiainfoline.com/Markets/News/B.-Prasada-Rao-CMD-BHEL-receives-Ninth-W%C3%A4rtsil%C3%A4-Mantosh-Sondhi-Award/5286625729
B. Prasada Rao is the Chairman and Managing Director of Bharat Heavy Electricals Limited, a USD 9.65 billion company that ranks among the leading companies of the world engaged in the field of Power Plant Equipment. He holds a Masters degree in Industrial Engineering from NITIE, Mumbai and is a Mechanical Engineering Graduate from Jawaharlal Nehru Technological University, Kakinada, Andhra Pradesh.
ref:
http://www.indiainfoline.com/Markets/News/B.-Prasada-Rao-CMD-BHEL-receives-Ninth-W%C3%A4rtsil%C3%A4-Mantosh-Sondhi-Award/5286625729
Friday, November 11, 2011
BHEL to build four classrooms at government school for blind
The Bharat Heavy Electricals Limited, Tiruchi, has issued work orders for construction of four classrooms in the Government Girls' Higher Secondary School for the Blind here, at an estimate of Rs.20 lakhs, under its Corporate Social Responsibility (CSR) Scheme.
On Friday, General Manager – Human Resource, P.Nainar, and Additional General Manager – Public Relations and Administration, BHEL, S.S.Pillai, distributed uniforms worth Rs.75,000 to 117 students in the school.
Mr.Nainar said the BHEL has set a target of distributing uniforms to 1,000 school children this year under CSR scheme. Also, Rs.10 lakhs would be spent towards higher education scholarships for students in the BPL families.
Likewise, improvements in infrastructure in villages surrounding BHEL will be carried out alongside providing educational assistance and employment opportunities through vocational training.
BHEL will soon select a village for adoption and make it a model entity in education and health.
G.Vijayakumari, School Headmistress; K.Murali, Deputy General Manager, Public Relations and Administration; A.Anandan, Senior Manager – Civil; and A.Antony, Senior Administrative Officer, took part.
ref:
http://www.thehindu.com/news/cities/Tiruchirapalli/article2621127.ece
On Friday, General Manager – Human Resource, P.Nainar, and Additional General Manager – Public Relations and Administration, BHEL, S.S.Pillai, distributed uniforms worth Rs.75,000 to 117 students in the school.
Mr.Nainar said the BHEL has set a target of distributing uniforms to 1,000 school children this year under CSR scheme. Also, Rs.10 lakhs would be spent towards higher education scholarships for students in the BPL families.
Likewise, improvements in infrastructure in villages surrounding BHEL will be carried out alongside providing educational assistance and employment opportunities through vocational training.
BHEL will soon select a village for adoption and make it a model entity in education and health.
G.Vijayakumari, School Headmistress; K.Murali, Deputy General Manager, Public Relations and Administration; A.Anandan, Senior Manager – Civil; and A.Antony, Senior Administrative Officer, took part.
ref:
http://www.thehindu.com/news/cities/Tiruchirapalli/article2621127.ece
Thursday, November 10, 2011
ONGC may join RINL, BHEL in Rs 2000 crore seamless tube JV
State-owned Oil and Natural Gas Corp has expressed interest in partnering Rashtriya Ispat Nigam and Bharat Heavy Electricals on a proposed Rs 2,000 crore, joint venture seamless tubes manufacturing plant at Vizag and talks are on between the parties.
"While BHEL has already agreed to join as a joint venture partner in the proposed seamless tube mill at Vizag, ONGC has also evinced interest and discussions are in progress," RINL Chairman and Managing Director A P Choudhary told PTI.
Choudhary favoured the inclusion of ONGC in the venture and indicated that there should not be any resistance from BHEL to bring the oil major on board, since seamless tubes find application in a wide area, including the energy, oil and gas and water sectors.
"It will be win-win for all of us," he said. While he stated that the shareholding pattern of the proposed venture is yet to be finalised, he asserted the majority stake would be held by RINL, as the proposed facility would be housed inside RINL's Vizag facility.
"The mill will have four lakh tonnes per annum seamless tube installed production capacity. Total investment here will be over Rs 2,000 crore," Choudhary said.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/ongc-may-join-rinl-bhel-in-rs-2000-crore-seamless-tube-jv/articleshow/10678710.cms
"While BHEL has already agreed to join as a joint venture partner in the proposed seamless tube mill at Vizag, ONGC has also evinced interest and discussions are in progress," RINL Chairman and Managing Director A P Choudhary told PTI.
Choudhary favoured the inclusion of ONGC in the venture and indicated that there should not be any resistance from BHEL to bring the oil major on board, since seamless tubes find application in a wide area, including the energy, oil and gas and water sectors.
"It will be win-win for all of us," he said. While he stated that the shareholding pattern of the proposed venture is yet to be finalised, he asserted the majority stake would be held by RINL, as the proposed facility would be housed inside RINL's Vizag facility.
"The mill will have four lakh tonnes per annum seamless tube installed production capacity. Total investment here will be over Rs 2,000 crore," Choudhary said.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/ongc-may-join-rinl-bhel-in-rs-2000-crore-seamless-tube-jv/articleshow/10678710.cms
Wednesday, November 9, 2011
BHEL Trichy conducts Vendor Meet on Insulation and Refractory Materials
A V Krishnan, Executive Director, BHEL, Tiruchirappalli said that though a minimum of Rs. 2 crore was spent on these bought out materials weighing about 700 to 1100 MT a boiler, they formed crucial role in completing the power projects without time delay. Seeing a matching growth opportunity for the Industry in the next five year plan period, Mr Krishnan said that while in 2010-11, BHEL’s annual requirement of light resin bonded (LRB) wool mattress was 19,600 MT, this would be 23,000 MT in 2011-12 and 27,000 MT in 2012-13.
"BHEL is expected to grow 20-25 per cent year on year between 2012 and 2015, matching with the country’s next five year plan growth strategy with respect to power sector," he said.
Cautioning that growth also had its challenges like more demanding customers and intense competition, he wanted the one day meet to deliberate on making the supply-chain management more agile and concluding a Memorandum of Understanding (MoU) on techno-commercial aspects to reduce procurement process time. He also wanted the meet to address the logistics issues like transportation and storage at sites with the ultimate aim of project completion faster and gaining customer satisfaction against a demanding customer profile of 60 percent of whom were now private players.
more at:
http://machinist.in/index.php?option=com_content&task=view&id=3944&Itemid=2
"BHEL is expected to grow 20-25 per cent year on year between 2012 and 2015, matching with the country’s next five year plan growth strategy with respect to power sector," he said.
Cautioning that growth also had its challenges like more demanding customers and intense competition, he wanted the one day meet to deliberate on making the supply-chain management more agile and concluding a Memorandum of Understanding (MoU) on techno-commercial aspects to reduce procurement process time. He also wanted the meet to address the logistics issues like transportation and storage at sites with the ultimate aim of project completion faster and gaining customer satisfaction against a demanding customer profile of 60 percent of whom were now private players.
more at:
http://machinist.in/index.php?option=com_content&task=view&id=3944&Itemid=2
Tuesday, November 8, 2011
RINL, BHEL to set up seamless tube mill at Vizag for Rs 2K crore
State-owned steel maker RINL and power equipment manufacturer BHEL will soon sign an agreement to form a joint venture for putting up a high-end seamless tube mill at Vizag, entailing over Rs 2,000 crore investment.
"The proposal has already been discussed in the Board and will be considered in the next meeting. Hopefully, the joint venture agreement will be shortly signed," Rashtriya Ispat Nigam Chairman and Managing Director A P Choudhary told media.
The shareholding pattern of the joint venture is yet to be finalised, he said, but added that since the mill would be located inside RINL's Vizag facility, RINL would have a majority stake in the venture.
"The mill will have four lakh tonnes per annum seamless tube installed production capacity. Total investment here will be over Rs 2,000 crore," Choudhary said.
More at:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/rinl-bhel-to-set-up-seamless-tube-mill-at-vizag-for-rs-2k-crore/articleshow/10654384.cms
"The proposal has already been discussed in the Board and will be considered in the next meeting. Hopefully, the joint venture agreement will be shortly signed," Rashtriya Ispat Nigam Chairman and Managing Director A P Choudhary told media.
The shareholding pattern of the joint venture is yet to be finalised, he said, but added that since the mill would be located inside RINL's Vizag facility, RINL would have a majority stake in the venture.
"The mill will have four lakh tonnes per annum seamless tube installed production capacity. Total investment here will be over Rs 2,000 crore," Choudhary said.
More at:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/rinl-bhel-to-set-up-seamless-tube-mill-at-vizag-for-rs-2k-crore/articleshow/10654384.cms
Monday, November 7, 2011
Assocham against higher import duty on power equipment
Industry body Assocham today said that any move to hike import duty on power equipment will send "negative signals" to the country's trade partners.
The chamber also said the move would affect investment climate in the key sectors.
"The government's proposal to hike tariff on imports of some Chinese goods or impose a complete ban on specific items like power and telecom equipment will send negative signals to India's trade partners," it said.
The indigenous power equipment makers have been demanding a levy of 14 per cent on imported equipment -- mainly from China -- in order to provide them a cushion against local taxes.
The move for import duty is being opposed by the private sector power producers.
Giving some comfort to BHEL and L&T, the government has broadly agreed to a level-playing field for the domestic power equipment manufacturers against imports at zero or low duty.
At present, 5 per cent duty is levied on equipment imported for projects less than 1,000 MW capacity power projects. No levy is charged on imports for projects above 1,000 MW capacity.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/assocham-against-higher-import-duty-on-power-equipment/articleshow/10645020.cms
The chamber also said the move would affect investment climate in the key sectors.
"The government's proposal to hike tariff on imports of some Chinese goods or impose a complete ban on specific items like power and telecom equipment will send negative signals to India's trade partners," it said.
The indigenous power equipment makers have been demanding a levy of 14 per cent on imported equipment -- mainly from China -- in order to provide them a cushion against local taxes.
The move for import duty is being opposed by the private sector power producers.
Giving some comfort to BHEL and L&T, the government has broadly agreed to a level-playing field for the domestic power equipment manufacturers against imports at zero or low duty.
At present, 5 per cent duty is levied on equipment imported for projects less than 1,000 MW capacity power projects. No levy is charged on imports for projects above 1,000 MW capacity.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/assocham-against-higher-import-duty-on-power-equipment/articleshow/10645020.cms
Thursday, November 3, 2011
BHEL shares jump on import duty talks
Shares in state-run power equipment maker Bharat Heavy Electricals rose to a nine-month high on Thursday after the industry ministry said it will seek duty on Chinese and Korean imports to level the field for domestic vendors.
Heavy industries minister Praful Patel said he would write to power minister Sushilkumar Shinde and finance minister Pranab Mukherjee seeking imposition of duty to give homegrown companies such as Bhel and L&T a level playing field against cheaper imports.
Patel had convened a meeting of top bureaucrats and public sector companies on Thursday to consider the demand of domestic manufacturers to curb imports of power equipment. Indian companies have been demanding a 14% duty on imported equipment, particularly from China, as a cushion against local manufacturing taxes.
more at:
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/bhel-shares-jump-on-import-duty-talks/articleshow/10599531.cms
Heavy industries minister Praful Patel said he would write to power minister Sushilkumar Shinde and finance minister Pranab Mukherjee seeking imposition of duty to give homegrown companies such as Bhel and L&T a level playing field against cheaper imports.
Patel had convened a meeting of top bureaucrats and public sector companies on Thursday to consider the demand of domestic manufacturers to curb imports of power equipment. Indian companies have been demanding a 14% duty on imported equipment, particularly from China, as a cushion against local manufacturing taxes.
more at:
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/bhel-shares-jump-on-import-duty-talks/articleshow/10599531.cms
Tuesday, November 1, 2011
BHEL Tiruchirappalli observes quality month
The employees of Bharat Heavy Electricals Limited (BHEL), Tiruchirappalli observed the beginning of Quality Month, today, rededicating themselves for the effective implementation of Total Quality Management and meeting fully the expectations of all their stake holders consistently.
"In the prevailing business environment, quality has taken an important place with respect to performance of equipment supplied to power and Industry sectors. Now, customers do not tolerate defects and they look at the performance of the equipment strictly complying with the highest standard," said AV Krishnan, Executive Director, BHEL, Triuchirappalli.
more at:
http://machinist.in/index.php?option=com_content&task=view&id=3902&Itemid=2
"In the prevailing business environment, quality has taken an important place with respect to performance of equipment supplied to power and Industry sectors. Now, customers do not tolerate defects and they look at the performance of the equipment strictly complying with the highest standard," said AV Krishnan, Executive Director, BHEL, Triuchirappalli.
more at:
http://machinist.in/index.php?option=com_content&task=view&id=3902&Itemid=2
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