Bhel chief 1st PSU head to get extension post retirement

The Prime Minister's Office (PMO) on Monday decided to grant two years' post-retirement extension to BP Rao, chairman of state-run power gear-maker Bhel, a day before his superannuation. This is the first time ever that the head of a public sector undertaking (PSU) is being given an extension after retirement and changes the rules of succession in state entities by setting a precedent. Rao's case is bound to prompt ministers to use post-retirement extension as a carrot to get their way with chiefs of public sector entities under them. ref: http://timesofindia.indiatimes.com/business/india-business/Bhel-chief-1st-PSU-head-to-get-extension-post-retirement/articleshow/28159430.cms

Bhel in focus after securing large order

Bharat Heavy Electricals (Bhel) after trading hours on Thursday, 26 December 2013, said that the company has bagged an order for the supply of Turbine Generator (TG) Package for 2x500 MW TPS at Neyveli. The order valued at Rs 1023 crore has been secured by Bhel from Neyveli Lignite Corporation (NLC) for NLC's upcoming 1,000 MW Neyveli New Thermal Power Project at Neyveli, Tamil Nadu. Bhel's scope of work under the contract includes manufacture, supply, erection, testing and commissioning of Steam Turbine Generators & Auxiliaries along with associated civil works. ref: http://www.business-standard.com/article/news-cm/bhel-in-focus-after-securing-large-order-113122700089_1.html

BHEL wins Rs 1,023-cr contract from Neyveli Lignite Corp

BHEL has bagged a Rs 1,023 crore contract from Neyveli Lignite Corporation for supplying turbine generator package at a thermal power project in Tamil Nadu. "Valued at Rs 1,023 crore, the order has been secured by BHEL from Neyveli Lignite Corporation Limited (NLC), for their upcoming 1,000 MW Neyveli New Thermal Power Project (NNTPP) at Neyveli, Tamil Nadu," BHEL said in a statement. BHEL's scope of works includes manufacture, supply, erection, testing and commissioning of steam turbine generators & auxiliaries along with associated civil works. BHEL has earlier secured orders from NLC for their 2x500 MW Tuticorin, 2x250 MW Neyveli and 2x125 MW Barsingsar projects, the statement said. BHEL has established the capability to deliver power plant equipment of 20,000 MW per annum. ref: http://www.business-standard.com/article/companies/bhel-wins-rs-1-023-cr-contract-from-neyveli-lignite-corp-113122400822_1.html

Induction programme for engineer trainees begins at BHEL

Human Resource Development Centre (HRDC) of BHEL, Bhopal, has organized a month-long common induction learning programme for newly recruited engineer trainees of Bhopal, power sector, Haridwar and Jagdishpur. Around 44 participants from different units are participating in the 28-day training programme that started on Saturday. Girish Shrivastava, general manager, HR was the chief guest for the inaugural ceremony. Speaking on the occasion, he shared his experiences laying stress on the infrastructure available in the organization to gain knowledge. Shammi Sukh, AGM-power sector, HRDI, I Soreng, senior DGM, HRDC, Sahib Singh, DGM, HRDC and other officials of the HRDC were also present. Earlier, Soreng welcomed the guest and the participants. Umesh Kumar Savle, engineer, HRD conducted the proceedings while Sahib Singh proposed a vote of thanks. ref: http://timesofindia.indiatimes.com/city/bhopal/Induction-programme-for-engineer-trainees-begins-at-BHEL/articleshow/27749233.cms

BHEL employee, aides arrested for cheating unemployed youths

An employee of Bharath Heavy Electricals Limited (BHEL) located along Mysore Road and three aides have been arrested by the Byatarayanapura police for allegedly cheating hundreds of unemployed youths with the promise of a job in the public sector company. The accused — attender Chamaiah, 55, of BHEL Township and H S Naveen, 32, Santosh Singh, 29, and M B Shyam Sundar, 25, of Tumkur — were arrested after K Harsha, 28, of Nelagadaranahalli lodged a complaint on August 12. Harsha claimed his friend Kiran told him his brother Naveen, an assistant engineer at BHEL, could help him get placed in the company. Naveen took Rs 3 lakh and introduced Harsha to Chamaiah, who claimed to be a personal assistant to the BHEL general manager. Chamaiah called Harsha to BHEL on May 2, 2013. However, when he reached there, Chamaiah told him there was a bomb threat and that he should go back. Harsha tried to go to BHEL on two other occasions but was turned away on some pretext. He was later asked to pay Rs 20,000 more to get employment. Police investigation has revealed the accused similarly cheated over 100 people from Tumkur, Hubli, Hassan, Doddaballapur, Tiptur and Bangalore. Police seized fake job offers printed on BHEL letterheads from the accused, two of whom — Narendra Singh and Prithvi — are absconding. The arrests also helped the cops solve three cases of bomb hoax calls made to the BHEL factory. The police said Chamaiah claimed to have received phone calls of bomb threats at BHEL every time the people he cheated visited the factory with fake appointment letters provided by the accused. ref: http://www.indianexpress.com/news/bhel-employee-aides-arrested--for-cheating-unemployed-youths/1209347/

BHEL stake sale: Govt may take the crossholding route

Cash-rich PSUs such as Coal India, NMDC, SAIL, NTPC and ONGC may buy a stake in power equipment producer Bharat Heavy Electricals Ltd (BHEL), a ‘Maharatna’ category Central public sector enterprise (CPSEs). The proposal was discussed at the high-level inter-ministerial meeting called by Prime Minister Manmohan Singh on Tuesday. “This will help in two ways. First, the Government will get money. Second, it will not affect already subdued shares of BHEL on the stock exchanges,” a senior government official told Business Line. A sale of 5 per cent shares of BHEL to other PSUs at current market prices could fetch over Rs 1,300 crore. At the meeting, the Heavy Industries Ministry was asked to come out with viable options for BHEL. The options include buyback, dividend payment and disinvestment. However, the official added, considering the cash surplus position of BHEL, a buyback is not feasible. more at: http://www.thehindubusinessline.com/companies/bhel-stake-sale-govt-may-take-the-crossholding-route/article5422188.ece

2-year extension likely for BHEL Chief BP Rao Read more at: http://economictimes.indiatimes.com/articleshow/26837815.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

The government looks set to give two years' post-retirement extension to BP head of the company's unit at Haridwar in Uttarakhand, as his successor after interviewing over 10 candidates in June. The heavy industries ministry had initially sent a set of proposals — giving a year's extension to BP Rao, or if it couldn't be done, then clear Chand's appointment . The ministry argued for Rao's extension, citing Chand's lack of board-level experience , even though he was eligible under government. Read more at: http://economictimes.indiatimes.com/articleshow/26837815.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst more at: http://economictimes.indiatimes.com/news/news-by-company/corporate-announcement/2-year-extension-likely-for-bhel-chief-bp-rao/articleshow/26837815.cms

PM asks Ministries to work out stake sale plan in BHEL,CIL

Prime Minister Manmohan Singh has asked administrative ministeries to work out viable plan for disinvestment of BHELBSE 0.31 % and Coal India, including dividend payment, so as to achieve Rs 40,000 crore target in the current fiscal. "BHEL, Coal IndiaBSE -0.57 % have been asked to come back with various options. These options are buyback, dividend payments, disinvestment," Finance Minister P Chidambaram said after high-level meeting convened by Singh on disinvestment. more at: http://economictimes.indiatimes.com/news/economy/policy/pm-asks-ministries-to-work-out-stake-sale-plan-in-bhelcil/articleshow/26798060.cms

Time to improve technology in coal-based industries: BHEL chief

The time has come to look for ways to improve technology in coal-based industries as India is having more than 70% coal-based power stations, a situation that would continue for at least the next 10 years, said A V Krishnan, the executive director of BHEL Trichy. Participating at the two-day conference on clean coal, carbon capture and storage technologies that has been organized by the Trichy Regional Engineering College Science Technology Entrepreneurs Park (TREC-STEP) in partnership with BHEL, Krishnan said that in a country like India where more and more coal-based power stations were bound to come up in the coming years, lessening the carbon-related emissions was of paramount importance. Krishnan said different technologies needed to be used for different coals. For instance, he said that BHEL was successfully using the newly-developed integrated gasification combined cycle (IGCC) technology that would greatly improve the efficiency level, that is to say a measure of how much heat energy embedded in coals was converted into electricity. Funded by the European Union, the project aims at disseminating the latest carbon capture and storage technologies among the Indian thermal power players as the anticipated growth in energy demand is expected to widen the usage of coal in energy sector in the coming years. To reduce the consumption of goal, and emissions (carbon, hydrogen, sulfur related), the IGCC would be one of the future technologies for green power generation, Krishnan said. In fact, BHEL has taken it up as a project and working hand in hand with TREC-STEP for the last three years, visited a number of power plants in the country to study what kind of technology was used at present, and what would be better-suited for the Indian conditions. more at: http://timesofindia.indiatimes.com/city/trichy/Time-to-improve-technology-in-coal-based-industries-BHEL-chief/articleshow/26759728.cms

BHEL commissions first super critical thermal unit

State-owned Bharat Heavy Electricals Ltd has commissioned its first 660-MW super critical thermal unit at a NTPC power plant in Bihar. The power equipment major on Sunday said its 660 MW Boiler Turbine Generator (BTG) unit, having super critical parameters, attained full load at the Barh thermal project. This package for Stage II Unit 4 of the project being implemented by NTPC. “The supercritical steam parameters for this project — efficiency and heat rate are better than those of comparable supercritical projects presently under installation by others,” BHEL said in a statement. The maiden order for 660 MW sets were won from NTPC through international competitive bidding for this 1,320 MW project. The scope of work included design, engineering, manufacture, supply and erection along with auxiliaries. ref: http://www.thehindu.com/business/Industry/bhel-commissions-first-super-critical-thermal-unit/article5410940.ece

BHEL bags Rs 1,300 cr NTPC contract

State-run BHEL today said it has bagged a Rs 1,300 crore order from NTPC for supplying equipment to the electricity generator's Unchahar plant in Uttar Pradesh besides installation work. "BHEL has bagged main plant package contract for 500 MW thermal power plant of NTPC," the company said in a statement. The Rs 1,300 crore order includes supply and installation of the main plant package for the upcoming 500 MW Feroze Gandhi Unchahar Thermal Power Project in UP. The order has been received from NTPC BHEL Power Projects Private Limited (NBPPL), a joint venture between NTPC and BHEL, the statement said. BHEL's scope of work in the contract envisages design, engineering, manufacture, supply and erection and commissioning of Steam Generator, Steam Turbine Generator and their auxiliaries. It also includes Electrics and Switchyard with associated Civil Works along with Controls & Instrumentation (C&I). On commissioning of the unit, 12 million units of electricity will be added to the grid, every day. The key equipment for the project will be manufactured at BHEL's Trichy, Ranipet, Haridwar, Hyderabad, Bangalore and Bhopal Plants, while the company's Power Sector Northern Region will be responsible for erection and commissioning of the equipment. more at: http://www.business-standard.com/article/companies/bhel-bags-rs-1-300-cr-ntpc-contract-113111900536_1.html

BHEL ‘defers’ interviews, political pressure alleged

The Ramachandrapuram unit of the Bharat Heavy Electricals Limited (BHEL) has reportedly postponed the interviews for artisan posts scheduled for November 25, bowing to the pressure by political parties and agitators. Though the BHEL management has not confirmed the postponement, it admitted that some political leaders met them and requested for temporary deferment of the interviews. The BHEL invited applications for the recruitment of 800 artisans in different wings and a written test was held on November 10 on its premises. About 37,000 aspirants appeared for the test out of the total 40,000 applicants. Quota tangle However, the Telangana Rashtra Samiti (TRS), Telangana Joint Action Committee (TJAC) and some of the Congress leaders demanded that 80 per cent of the recruitment be done through local exchanges, leaving the remaining 20 per cent in open category. TRS Deputy Floor Leader in the Assembly T. Harish Rao, Congress MLC and district Congress Committee (DCC) president V. Bhoopal Reddy, BJP former MLA K. Satyanarayana and corporator Pushpa Nagesh Yadav met the BHEL officials and submitted a representation, urging them deferment of the interviews and asked them to discuss the issue with their corporate office. The BHEL management said to have promised the leaders that it would take up the issue with the ministry concerned. Fair deal sought for locals Earlier in the day, TRS cadres led by Mr. Harish Rao, Mr. Bhoopal Reddy and Mr. Satyananarayana staged a dharna before the BHEL, alleging that the Union government had failed in providing jobs for those who had lost their land to the industry. They also demanded that Medak people get a lion’s share in the jobs as the industry is located here. ref: http://www.thehindu.com/news/national/andhra-pradesh/bhel-defers-interviews-political-pressure-alleged/article5360475.ece

Bhel’s Tiruchi vendors prepare to look beyond their only customer

A cluster of about 300 engineering units in Tiruchi, which for nearly four decades has almost entirely depended on Bharat Heavy Electricals LtdBSE 1.37 % for orders, is being forced by the problems facing its only customer to seek out new business opportunities for the first time. "All along, business was coming to our doorstep," said M Srinivasan, president of BhelBSE 1.37 % Small and Medium Industries Association, or Bhelsia, as this cluster of fabrication and machining shops is called. Not anymore. Bhel doesn't dominate the market for boilers and turbines as it once used to. The economic slowdown and the problems in the power sector haven't helped matters. Bhel's latest results, for Q2, in a pointer to its weak run. All its key metrics are down: order backlog by 16%, revenues 15% and profit after tax 64%. This has reflected in the fortunes of Tuvakudi, an area outside Tiruchi where Bhelsia is based out of. With the public sector company's order pipeline drying, Srinivasan said some of the smaller vendors have shut shop. Most others, he said, believe it may never get back to the good old days again. Three years ago, Bhel is said to have outsourced some 2.5 lakh tonnes of fabrication work to all its vendors, including those in Tiruchi. The projection given by Bhel then was that this would touch 7.5 lakh tonnes by 2015. Actually, the volumes have now fallen to 2 lakh tonnes. Bhel couldn't be reached for comments. more at: http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/engineering/bhels-tiruchi-vendors-prepare-to-look-beyond-their-only-customer/articleshow/25685191.cms

Ryots seek regular jobs in BHEL unit

Farmers, who had given their lands to the BHEL, stage a protest at Ranipet demanding employment in the organisation on Monday. Sources said the BHEL in 1974 acquired the lands of 124 farmers in the area for the construction of office buildings at its Ranipet unit. During that time, the BHEL administration reportedly entered into an agreement assuring to provide job to one member of every farmer’s family, who gave land to the Central public sector undertaking. Following this, 109 persons, out of the total 124, were absorbed for technical positions in the unit. For the remaining 15 persons, who were found to be under qualified (qualified less than class 8), the BHEL administration planned to provide non-technical job on contract basis. Not convinced with the PSU’s offer, the family members of the 15 persons resorted to protests in the past demanding the BHEL to provide a technical job with regular pay. On Monday, the family members launched a fast-unto-death protest near the entrance of the Ranipet unit. SIPCOT police arrived at the spot and dispersed them. Following this, the members withdrew their protest. ref: http://newindianexpress.com/states/tamil_nadu/Ryots-seek-regular-jobs-in-BHEL-unit/2013/11/12/article1885399.ece

BHEL in talks with for tie-up in CBFC boiler technology

France's Alstom and Switzerland-based Foster Wheeler AG are frontrunners for a possible partnership with Bharat Heavy Electricals Ltd (BHEL) in the circulating fluidised bed combustion (CFBC) boiler segment. This is a technology where the state-owned equipment firm is not considered as strong as competitors in the domestic market such as Thermax and ThyssenKrupp India. With distinct commercial advantages in the long run and its credentials as a clean carbon platform, CFBC boilers are expected to be increasingly used for power generation as well as for industrial applications in the future, with a projected domestic market potential of around 8,000 MW per annum. BHEL officials indicated that the company was in various stages of talks with both Alstom and Foster Wheeler for a partnership in the large CFBC boiler segment. Unlike in the case of coal that is powdered, pulverised and then burnt in a furnace, the CFBC boilers have the advantage of fuel flexibility. These boilers can also be operated with non-coal fuel options such as lignite, bagasse and straw. The advantage accruing from clean-coal platform will be by way of fuel flexibility to burn a variety of fuels — coal, lignite, coal washery rejects, biomass and waste materials — at a low combustion temperature. more at: http://www.indianexpress.com/news/bhel-in-talks-with-for-tieup-in-cbfc-boiler-technology/1193434/

BHEL may bag UMPP order from Odisha & TN

video news at: http://economictimes.indiatimes.com/et-now/corporate/bhel-may-bag-umpp-order-from-odisha-tn/videoshow/25449769.cms

BHEL's worries are not over yet

Even as Bharat Heavy Electricals Ltd (BHEL)’s recent share price movement (up 38 per cent since August-end) is reflecting the Street’s hope of a recovery, the company continues to give a disappointing performance. On Wednesday, BHEL reported a 64 per cent year-on-year fall in net profit for the September quarter, led by a 1,359-basis-point drop in operating margins to a mere 4.7 per cent. Lower execution and higher fixed cost, as well as component of low margin orders have hurt margins. Further, falling order book, losses in the industrial segment and the merged company, Bharat Heavy Plates and Vessels, have concerned the Street as reflected in its share prices, which fell 1.3 per cent on Wednesday to Rs 140.45. "Against the backdrop of poor results, I do not think there is reason to buy shares at these prices. Also, considering the prevailing situation in the industry, there are no major positive triggers. BHEL can fall to Rs 115-125 levels, and then one can consider buying it," said Rabindra Nath Nayak of SBICAP Securities. September quarter sales fell 15.2 per cent year-on-year to Rs 8,819 crore due to slow moving orders in the overall order book and slow execution on account of delays from the client and extended payments cycles. While this was largely known and sales came along expectations, the biggest disappointment came from net profits, far below expectations of Rs 798 crore. more at: http://www.business-standard.com/article/markets/bhel-s-worries-are-not-over-yet-113110601017_1.html

With BHEL first-half orders down to a fifth of target, topline in trouble

After a sharp drop in its order book position in the last couple of years owing to delayed power projects, public sector Bharat Heavy Electricals Ltd (BHEL) was expecting a rebound this fiscal banking on an expected pick-up in the power sector, but that was not to be. The capital goods manufacturer has booked fresh orders worth just Rs 4,470 crore or 22.44% of the target of Rs 19,920 crore during the first six months of the current fiscal. This means that BHEL’s targeted order booking of Rs 54,714 crore (including non-power business) for FY14 would be missed by a wide margin and in all probability new orders this fiscal could be even less than last year’s Rs 31,650 crore. The company, which reported a halving of net profit to R465 crore in the first quarter of this fiscal on a 24% drop in net sales to Rs 6,353 crore, has internally kept its top-line target for this fiscal at Rs 47,000 crore, less than last year’s achievement of R50,156 crore and the Rs 49,510 crore clocked in FY12. This is an unprecedented move as over the years, BHEL has consistently posted an increase in turnover in absolute terms. more at: http://www.financialexpress.com/news/with-bhel-firsthalf-orders-down-to-a-fifth-of-target-topline-in-trouble/1190942

BHEL has made about 700 wheels for temple chariots in Tamil Nadu in over 45 years

For long now, energy utilities have been customers of Bharat Heavy Electricals Ltd (BHEL) for its boilers and turbines. And Tamil Nadu has been no exception. But here's an unlikely association — a very old one but unknown to many — between BHELBSE 1.77 % and the Tamil Nadu department that oversees nearly 40,000 temples: BHEL makes special steel wheels for temple chariots or cars in Tamil Nadu, an order book that's only becoming fatter every year. By the end of December, some 60 wheels will be delivered by BHEL to various temples in the state. Till date, in an association dating back nearly four-and-a-half decades, BHEL has made about 700 wheels for temple chariots in Tamil Nadu, over 300 of these in the last five years alone. "We are replacing wooden car wheels with steel wheels," says P Dhanapal, commissioner, Hindu Religious and Charitable Endowments (HR&CE) department, in charge of the management of Hindu temples in the state. ref: http://economictimes.indiatimes.com/news/news-by-industry/et-cetera/bhel-has-made-about-700-wheels-for-temple-chariots-in-tamil-nadu-in-over-45-years/articleshow/25079898.cms

BHEL Employees’ Cooperative Bank earns Rs. 5.98 crore profit

The Bharat Heavy Electricals Limited Employees Cooperative Bank earned a net profit of Rs. 5.98 crore in 2012-13. The bank has been registering profit continuously even since it was set up 47 years ago. The bank sanctioned 14 per cent dividend to its members. The bank has deposited a sum to the tune of Rs. 123.36 crore in nationalised banks, State, and district central cooperative banks, and in the savings bonds issued by central and State government agencies, said V. Nedunchezhian, president of the bank, while addressing the annual general body meeting here recently. Following the request of the office-bearers, the government had appointed S. Krishnamoorthy, former secretary of the bank and senior manager-finance, BHEL, as the Managing Director of the bank, he said. Mr. Krishnamoorthy accounted for 14,252 members and a share capital of Rs.34.56 crore at present. The bank has five branches and Rs.754 crore deposits. R. Kalyankumar, vice-president of the bank, said that four safe deposit lockers had been set up in the head office, two in Ranipettai branch and one in Kattur branch. ref: http://www.thehindu.com/news/cities/Tiruchirapalli/bhel-employees-cooperative-bank-earns-rs-598-crore-profit/article5277937.ece

Distribution of Shareholding

Here is the shareholding details of company as on 30 sep 2013 http://www.bhel.com/dynamic_files//press_files/pdf/shareholding%20pattern30092013.pdf

Coal crisis hits BHEL supplier SMEs

Small and micro enterprises in the State supplying equipment to public sector power giant Bharat Heavy Electrical Limited are struggling to survive as most of the power projects have been put on hold due to coal crisis, according to additional industrial advisor, Ministry of Micro, Small and Medium Enterprises S Sivagnanam said. Speaking to Express on the sidelines of Cluster Level Intellectual Property Awareness Programme organised by Confederation of Indian Industry here on Wednesday, Sivagnanam said BHEL ancillaries in Ranipet and Tiruchy had been hit as business orders were not coming from BHEL. A BHEL senior official confirmed that BHEL itself was not getting orders for the equipment from its customers including the state electricity corporations as most of the power projects across India has been put on hold due to the coal crisis. “Many of these ancillaries are not in demand as our customers have put on hold many power projects due to coal crisis,” he said. This has affected BHEL and it is believed that the public sector unit has been ordered to diversify its business for making locomotives and treatment plants. more at: http://newindianexpress.com/cities/chennai/Coal-crisis-hits-BHEL-supplier-SMEs/2013/10/17/article1839932.ece

Bharat Heavy Electricals Limited : BHEL pays 164.5% Final Dividend for fiscal 2012-13

BHEL pays 164.5% Final Dividend for fiscal 2012-13 BHEL has paid a final dividend of 164.5% on the enhanced equity capital post-bonus, for fiscal 2012-13. In value terms, the total dividend paid amounts to Rs.13,230 Million (including an interim dividend of 106% paid earlier). With this, the company has maintained its impeccable track record of earning profits and rewarding investors by paying dividends uninterruptedly for over three decades without a break. A cheque of Rs.5453.3 Million towards the final dividend for the year 2012-13 on the equity (67.72%) held by the Government of India, was presented here today to Mr. Praful Patel, Hon'ble Union Minister for Heavy Industries and Public Enterprises by Mr. B.P. Rao, Chairman and Managing Director, BHEL, in the presence of Dr. Sutanu Behuria, Secretary, Department of Heavy Industry. ref: http://www.4-traders.com/BHARAT-HEAVY-ELECTRICALS-9743934/news/Bharat-Heavy-Electricals-Limited--BHEL-pays-1645-Final-Dividend-for-fiscal-2012-13-17339753/

BHEL dispatches its first wind-box

Bharat Heavy Electricals Limited (BHEL) achieved a milestone with the dispatch of its first wind-box assembly for the 1x700 MW supercritical steam generator which is being supplied by the company for Karnataka power corporation limited's Bellary project in Karnataka. A V Krishnan, executive director, BHEL Tiruchirappalli complex flagged off the wind-box assembly from BHEL's high pressure boiler plant unit-II at Trichy. Wind-boxes are located in four corners of boilers to facilitate combustion in the furnace. For a typical 700 MW supercritical boiler unit, four wind-boxes are required. The weight of each wind-box is around 38 Metric Tonnes (MT) and each wind-box is approximately 16.5 meters tall. Valued at Rs3,700 crore, BHEL had outbid L&T under stiff international competitive bidding (ICB) to bag the order for the first 700 MW coal-fired thermal unit with supercritical parameters on turnkey basis.. ref: http://timesofindia.indiatimes.com/city/trichy/BHEL-dispatches-its-first-wind-box/articleshow/23601219.cms

BHEL club to hold open golf tournament

BHEL Golf Club will organize Bhopal Open Golf Tournament on Sunday. This is one of the prestigious tournaments of the state played on lush green 9 holes (Par 35) reverse 18 (Par 70) course. This is the only club that organizes open golf tournaments in the city. The tournament shall be played on stroke play- handicap basis for which entries can be submitted by October 5, on the club premises between 3pm and 5pm. BHEL Golf Club was established in 1998. ref: http://timesofindia.indiatimes.com/city/bhopal/BHEL-club-to-hold-open-golf-tournament/articleshow/23506595.cms

Bhel to build world’s biggest solar plant near Jaipur

The project will be built on 23,000 acres of land belonging to Sambhar Salts Ltd, a subsidiary of central enterprise Hindustan Salts Ltd under the department of heavy industries, some 75 km from Jaipur. State-run power gear maker Bhel would build the project's first phase of 1,000 mw in consortium with Solar Energy Corporation, Power Grid Corporation, SJVN, SSL and Rajasthan Electronics and Instruments Ltd. The first phase of the project is to be operational by 2016. Once all the phases are completed, the project would generate 6,000 million units of electricity annually. The project is expected to set a trend for mega-scale solar power development in the country in lines of ultra-mega power projects for coal-fired plants that was launched to quickly ramp up generation capacity in the country. ref: http://timesofindia.indiatimes.com/business/india-business/Bhel-to-build-worlds-biggest-solar-plant-near-Jaipur/articleshow/22829879.cms

BHEL secures over Rs 31,000 crore orders in FY'13

BHEL today said it has secured orders worth over Rs 31,000 crore during financial year 2012-13, an increase of 43 per cent over 2011-12. The company had an order book of over Rs 22,096 crore in the 2011-12. "Despite subdued business conditions in the power and infrastructure sectors coupled with intense competition in domestic and overseas markets, BHEL was able to secure orders worth Rs 31,650 crore, an increase of 43 per cent over 2011-12," CMD BHEL B P Rao said at the company's Annual General Meeting here today. The total orders in hand for execution in 2013-14 and beyond, stand at about Rs 1,15,100 crore, he said. The order-book includes Rs 4,500 Crore worth of orders in Captive Power, Rail Transportation, Power Transmission, Oil & Gas, Renewable Energies and other industrial segments. Rao said that the company clocked a turnover of Rs 50,156 crore and a net profit of Rs 6,615 crore in 2012-13. more at : http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/engineering/bhel-secures-over-rs-31000-crore-orders-in-fy13/articleshow/22803556.cms

Expect BHEL to get 6k MW orders in FY14: Anand Rathi

Just because BHEL is suffering from a severe drop in capex in the investment cycle, it is not the end of business or end of the road for this company, says Amol Rao of Anand Rathi. The company will not be able to perform up to its historical highs, but it may garner orders of around 6000 megawatts for FY14, he says. "The pessimism is overdone and at some point in time your valuations deserve a look," he adds. He believes it'll take another 5-6 months for order bookings to resume, which would then lead to an improvement in the rating of the stock. Today, the requirement of state and central electricity boards is 7,000-8,000 MW, which can be serviced only by two or three players with such large operating capacity, Rao says. Going forward, these are going to have environmental clearances and coal availability in place, with financial closure, he says. These projects are primarily central and state backed, he adds. more at: http://www.moneycontrol.com/news/business/expect-bhel-to-get-6k-mw-ordersfy14-anand-rathi_951901.html

Bhel sends legal notices to recover Rs.17,000 crore in dues

Bharat Heavy Electricals Ltd (Bhel) has sent legal notices to customers, including Abhijeet Group, Adhunik Group, Visa Power Ltd and Monnet Ispat and Energy Ltd, to recover Rs. 17,000 crore in dues. “These are challenging times. We have taken a clear decision that if a customer is not paying, we will be stopping the work,” an executive at the state-owned firm said, requesting anonymity. “We have also started issuing legal notices to the customers who are not paying.” Interestingly, Abhijeet Infrastructure Ltd, Adhunik Thermal Energy Ltd and Visa Power were named in the Comptroller and Auditor General of India report on allocation of coal fields. The Central Bureau of Investigation has also charged Jas Infrastructure and Power Ltd, a part of the Abhijeet Group, JLD Yavatmal Energy Ltd and AMR Iron and Steel Pvt. Ltd in cases related to the allocations. “We have demobilized the Abhijeet Group 1,080 megawatts (MW) Jharkhand power project site and closed the Visa Power project site,” said the Bhel executive. India’s largest power equipment maker has total dues outstanding of around Rs.39,000 crore at the end of the quarter ended June, but around half of the amount will be paid to the firm only after Bhel meets specific milestones related to a project. more at: http://www.livemint.com/Industry/jCFU6Vu3UNMkbqYkPnipnI/Bhel-sends-legal-notices-to-recover-17000-crore-in-dues.html

BHEL blamed for long outages

A cornered UP power corporation is now blaming the central government for the UP-NCR entering the dark ages. The corporation claims that it is facing a shortage of 800MW as Bharat Heavy Electricals Limited (BHEL) has not completed repair and maintenance work at the Obra power station, entrusted to it almost eight years ago. UPPCL has asked the Union power ministry to intervene and ensure completion of pending work on a priority. Senior officials said the issue was conveyed to the Centre during the one-day conference of power ministers of all states and UTs on September 10. Scheduled outages are currently in place across the state due to non-availability of adequate power, said officials. At least four scheduled outages have been imposed in the last 48 hours in Noida alone. These cuts have stretched for over several hours irrespective of the scheduled timings and are in addition to the four-hour cuts imposed at night in industrial sectors. With similar outages reported from Ghaziabad, lives of residents have been pushed into complete disarray. Corporation officials said that UPPCL had given maintenance work on five units of 200MW capacity each at the Obra 'B' power plant to BHEL in 2006. Though the work was to be completed by 2009, the PSU is yet to finish the job. "A number of meetings were held to resolve this issue, but work progress has not been satisfactory. On completion, we can enhance our capacity to ensure sufficient supply to several regions in the state," said a senior UPPCL official. ref: http://timesofindia.indiatimes.com/city/noida/BHEL-blamed-for-long-outages/articleshow/22564028.cms

TELK considers tech partnership with BHEL

Transformers and Electricals Kerala Limited (TELK), the transformer manufacturing unit at Angamaly, is looking towards building a technology partnership with Bharat Heavy Electricals Limited (BHEL), the public sector unit which is also engaged in production activities of a similar nature. TELK has a collaboration with NTPC Limited, the principal power generation company belonging to the central public sector, now. There were reports that NTPC might review its association with TELK. Professional services firm Deloitte had conducted a study on NTPC and the agency is understood to have recommended such a course of action as transformer manufacturing is not in the NTPC’s domain of activity. In response to a query by The Hindu, Deloitte expressed its inability to divulge the details of the report. TELK has been highly interested in a tie-up with BHEL, said V.D.Satheesan, MLA, and trade union activist associated with the Angamaly-based company. Such a partnership is expected to help TELK to get the required technical know-how for improving its production and marketing capabilities. “Efforts are on to convene a meeting of top officials of the concerned central public sector units in New Delhi,” he said. more at : http://www.thehindu.com/news/cities/Kochi/telk-considers-tech-partnership-with-bhel/article5107782.ece?homepage=true

BHEL bags Rs 96 crore worth order from NTPC

BHEL today said its electronics division here has bagged an order worth Rs 96 crore from NTPC to set up a 15 MW-solar power plant in Uttar Pradesh. The engineering, procurement and construction (EPC) order is for design, manufacture, testing, erection and commissioning of the 15 MW grid-Interactive solar power plant at Singrauli in Uttar Pradesh,the company said in a statement. BHEL will execute the project covering all works from concept to commissioning and will operate and maintain the project for one year, it added. ref: http://economictimes.indiatimes.com/news/news-by-industry/energy/power/bhel-bags-rs-96-crore-worth-order-from-ntpc/articleshow/22338787.cms

BHEL slumps 6%, Credit Suisse cuts target price to Rs 99

BHEL shares plunged more than 6 percent intraday Wednesday, continuing for the second consecutive session. Credit Suisse has an underperform rating on the stock. The brokerage house also cut its target price on the stock to Rs 99 from Rs 164 apiece, citing deteriorating orderbook and power inflow concerns. Credit Suisse says that revenue de-growth was seen in past three quarters and margin declined sharply in first quarter (April-June) of FY14, but the risk-reward is still favourable, it adds. The brokerage house cut FY14 & FY15 order inflow estimate by 6 percent and 20 percent, respectively. It also trimmed long-term market share estimate to 25 percent. State-owned capital goods company's first quarter standalone net profit halved to Rs 465.4 crore from Rs 920.9 crore in a year ago period, dented by weak power segment performance, despite higher other income. Net sales dropped 23.7 percent to Rs 6,352.5 crore in April-June quarter from Rs 8,326.2 crore in corresponding quarter of last fiscal and operating profit margin plunged 890 bps year-on-year to 4.5 percent during the quarter. The stock was down 2.41 percent to Rs 109.35 on the Bombay Stock Exchange at 11:23 hours IST. It lost 30 percent in past one month and more than 50 percent in one year. ref: http://www.moneycontrol.com/news/buzzing-stocks/bhel-slumps-6-credit-suisse-cuts-target-price-to-rs-99_941616.html

BHEL extends rally on hopes of better demand prospects

Bharat Heavy Electricals (BHEL), an integrated power plant equipment manufacturer, extended gains on Monday on hopes of better demand prospects after the reports said the government may make mandatory domestic sourcing for ultra mega power projects. Shares ofthe companyare trading at Rs 123.80, up Rs 7.7, or 6.63% at the Bombay Stock Exchange (BSE) on Monday at 4:00 p.m.The scrip has touched an intra-day high of Rs 124.65 and low of Rs 117.10. The total volume of shares traded at the BSE is 2,209,832.In the earlier session, the shares gained 8.1%, or Rs 8.7, at Rs 116.10. Currently, the stock is trading down 54.56% from its 52-week high of Rs 272.45 and above 23.37% over the 52-week low of Rs 100.35. Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 176.40 (5.75) (3.26) 1 Month 195.80 (25.15) (12.84) 3 Months 180.00 (9.35) (5.19) 6 Months 227.55 (56.90) (25.01) 1 Year 221.10 (50.45) (22.82) Note: Based on previous day closing price. ref: http://newindianexpress.com/business/hot_stocks/BHEL-extends-rally-on-hopes-of-better-demand-prospects/2013/08/26/article1753127.ece

Work with devotion to enhance company's growth: Chairman of BHEL

BP Rao, chairman and managing director (CMD) of Maharatna PSU company, BHEL, visited the hydro, transformer, traction and electrical machines manufacturing division of BHEL, Bhopal on Friday. He assessed the manufacturing status of equipments developed for major power projects and reviewed the facilities available in them. In addition to this, Rao inaugurated the advanced storage bay built for transformer division. On this occasion, OP Bhutani, principal advisor, (ER and D), BHEL, Shashi Ranjan Prasad, executive director, BHEL, Bhopal and other senior officials were also present. ref: http://timesofindia.indiatimes.com/business/india-business/Work-with-devotion-to-enhance-companys-growth-Chairman-of-BHEL/articleshow/22029157.cms

Bhel recovers on bargain hunting

Bharat Heavy Electricals gained 6.6% to Rs 108.20 at 11:21 IST on BSE, with the stock recovering on bargain hunting after 4-day 16.05% slide. Meanwhile, the S&P BSE Sensex was up 184.06 points or 1.01% at 18,430.10 On BSE, 9.84 lakh shares were traded in the counter as against average daily volume of 6.45 lakh shares in the past one quarter. The stock hit a high of Rs 109 and a low of Rs 103.20 so far during the day. The stock had hit a 52-week low of Rs 100.35 on Tuesday, 20 August 2013. The stock had hit a 52-week high of Rs 272.45 on 5 October 2012. The stock had underperformed the market over the past one month till 20 August 2013, falling 41.58% compared with the Sensex's 9.45% decline. The scrip had also underperformed the market in past one quarter, sliding 49.73% as against Sensex's 9.78% fall. more at: http://www.business-standard.com/article/news-cm/bhel-recovers-on-bargain-hunting-113082100323_1.html

Bhel Project delay irks Assam Power Corp

State-owned Assam Power Generation Corporation Ltd (APGCL) has served a pre-termination notice to Bharat Heavy Electricals Ltd (Bhel) for delay in the implementation of a 100-MW Namrup replacement power project. "APGCL is taking action for recovery of liquidated damage from BhelBSE -10.70 % as per the contract," Assam Power Minister Pradyut Bordoloi told ET. Bhel was awarded the EPC contract of the project in December 2008 and the commissioning of the project was scheduled for January 2012. Chief Minister Tarun Gogoi had laid the foundation stone for the project on March 1, 2009. According to an APGCL statement released at the inauguration meeting, it was committed that Bhel would implement the project 100 days ahead of the scheduled date of completion. APGCL said Bhel could complete only 40% of the civil work and is asking for several months more to complete the project . "Bhel has implemented several projects across the country, however, we are pained that it has failed to deliver our project in time," Bordoloi said. Assam is looking to commission new projects as the state is facing huge power shortage. ref: http://economictimes.indiatimes.com/news/news-by-industry/energy/power/bhel-project-delay-irks-assam-power-corp/articleshow/21876164.cms

BHEL launches initiative to achieve process improvement.

The Bharat Heavy Electricals Limited (BHEL) has launched an initiative to achieve process improvements in all aspects of its operations to create substantial value for its customers in terms of cost competitiveness and delivery. Hoisting the national flag on the plant premises at Tiruverumbur on account of Independence Day on Thursday, executive director A V Krishnan said, "Though the plant has contributed a lot towards power production in the country, improvements in processes will be vital for continued success, given the market trend of increasingly stiffer project commissioning targets and the growing squeeze on margins due to tougher competition." more at : http://timesofindia.indiatimes.com/city/madurai/BHEL-launches-initiative-to-achieve-process-improvement/articleshow/21852364.cms

'Make BHEL nodal agency for govt's overseas power projects'

Amid state-run BHEL grappling with tough business environment, Heavy Industries Ministry will pitch for making the powergear maker the nodal agency for executing all overseas power projects that are financed by the Indian government. Besides, the parent Ministry would make efforts for according preference to Bharat Heavy Electricals Ltd (BHEL) in providing spares and services for government-funded foreign power projects. BHEL, the country's leading power equipment maker, is going through tough times, primarily due to sluggishness in the sector and cheaper overseas imports hurting its prospects. The Ministry of Heavy Industries and Public Enterprises has assured BHEL of various possible assistance from the government side. more at: http://www.business-standard.com/article/companies/make-bhel-nodal-agency-for-govt-funded-overseas-power-projs-113081100200_1.html

BHEL's ancillary units face closureAncillary units under the treat of closing down

Most of the 500-odd factories that have been supplying materials to Bharat Heavy Electricals Limited (BHEL) under earlier outsourcing system (OS) for almost three decades have demanded to revive the old system and scrap the new away centre fabrication (ACF) that was introduced more than a year ago. Under OS, raw materials used to be supplied by the parent BHEL and the work was in continuous flow. After the ACF was introduced, more than 80% of these ancillary product manufacturers closed shop in phases, because they could not get the raw materials, which were now their responsibility. "It is very difficult to procure steel and other items from northern India and we are not able to invest money in the first place," stated an Indian Legal Rights Protection Helpline letter that was addressed to the district collector Jayashree Muralidharan, on Monday. more at: http://timesofindia.indiatimes.com/city/madurai/BHELs-ancillary-units-face-closureAncillary-units-under-the-treat-of-closing-down/articleshow/21791726.cms

Chinese firms steal a march over Bhel for overseas orders

Bharat Heavy Electricals Ltd (Bhel) isn’t just struggling with orders drying up in India, it’s losing out to competition in overseas markets as well, especially in Africa and to Chinese power generation equipment manufacturers such as Dongfang Electric Corp. and Shanghai Electric Power Co. Ltd offering friendlier financing. In the domestic market, the Indian government’s move last year to increase the import duty on power generation equipment to 21% from 5% earlier to thwart competition from Chinese manufacturers hasn’t helped much. “In the overseas markets, everyone is asking for financing. The Chinese are doing it in a big way. But the Indian government is not keen to fund big projects. They are funding small projects,” said a Bhel executive, requesting anonymity. Bhel is looking abroad for contracts over fears its domestic market share may decline given the hurdles faced by domestic power projects. The company’s orders dropped to Rs.31,528 crore in the year ended March from Rs.60,507 crore in 2010-11, although it’s an improvement over Rs.22,096 crore in 2011-12. more at: http://www.livemint.com/Companies/HzKwmNsU1E9YNaGUoeLo9L/Chinese-firms-steal-a-march-over-Bhel-for-overseas-orders.html

BHEL wins Rs 265-crore order from BPCL for Kochi Refinery project

BHEL today said it has bagged a Rs 265-crore order from Bharat Petroleum Corporation Limited for supplying equipment for latter's refinery project in Kochi. BHEL has won a contract for supplying the Gas Turbine Generator package for an energy efficient and environment friendly co-generation captive power plant at Kochi Refinery in Kerala, the company said in a statement. Valued at around Rs 265 crore, the order has been placed by Bharat Petroleum for its Integrated Refinery Project at Kochi Refinery, it said. The order envisages supply and supervision of three gas turbines of 34.5 MW rating each, with associated auxiliaries and control systems. more at: http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/bhel-wins-rs-265-crore-order-from-bpcl-for-kochi-refinery-project/articleshow/21678211.cms

BHEL forecast stumbles on reality

When Bharat Heavy Electricals Ltd (BHEL) announced its annual results for 2012-13 on May 23, Chairman B Prasad Rao surprised the audience by claiming fresh order inflows had jumped 43 per cent to Rs 31,528 crore. This came as launches of new power projects were at an all-time low. Rao further built on positive sentiment with expectations of continued orders from the public sector in the near future. Less than three months since, that bubble of positivity and assured growth has burst. Fresh orders dipped 80 per cent to Rs 1,500 crore in the first quarter ended June. Net profit fell 50 per cent to Rs 465 crore and net sales declined 24 per cent to Rs 6,352 crore. Accordingly, the share price tumbled 24 per cent within two days, to close at Rs 120.9 on Monday. The government also shelved an earlier plan to offload five per cent stake in the company, owing to the low market valuation and bad order book position. Ref: http://www.business-standard.com/article/companies/how-the-bubble-of-bhel-s-growth-was-burst-113080600515_1.html

Govt shelves Bhel disinvestment on valuation, order book concerns

The disinvestment department has shelved plans to sell a stake in power equipment maker Bharat Heavy Electricals Ltd. (Bhel), citing valuation concerns and a depleting order book. Sources said the department has withdrawn the 5% disinvestment proposal in view of Bhel’s low share price, decreased capital expenditure and less demand for power-sector equipment. The Bhel share hit a one-year low on the BSE on Monday, declining 19.64% to Rs120.05, after the company’s June quarter net profit almost halved to Rs465.43 crore on account of lower sales. The scrip has lost over 60% since 2011, when the stake sale was approved. more at: http://www.livemint.com/Companies/v9FoAwSdJtqw7lUCLvtB1J/Govt-shelves-Bhel-disinvestment-on-valuation-order-book-con.html

BHEL tanks 12%, hits 52-week low as April-June earnings disappoint

Bharat Heavy Electricals LtdBSE -14.79 % (BHEL) plunged as much as 11.6 per cent in morning trade to hit its 52-week low of Rs 132 on Monday, after the power equipment maker posted nearly 50 per cent decline in net profit. At 09:50 a.m.; BHELBSE -14.79 % was trading 10.7 per cent lower at Rs 133.30. The stock has plunged nearly 12 per cent to hit its 52-week low of Rs 132. The power equipment maker reported a net profit of Rs 465.43 crore for the first quarter ended June 30, 2013 weighed down by lower sales. It had clocked a net profit of Rs 920.90 crore in the year-ago period. more at: http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/bhel-tanks-12-hits-52-week-low-as-april-june-earnings-disappoint/articleshow/21615523.cms

Bhel net crashes to Rs 465 cr

The slowdown in investments in the power sector has taken a toll on the performance of Bharat Heavy Electricals (Bhel) with the engineering firm’s profits crashing nearly 50%, for the April-June quarter, to Rs 465.43 crore. The numbers missed analysts estimates by a wide mark. On a sequential basis, the decline in Bhel’s net profit was even sharper at 85%. The power equipment maker’s net sales in the April-June quarter were down sharply to Rs 6352.55 crore, a 23% fall year-on-year. On a quarter-on-quarter basis, the decline in net sales was a whopping 66% over Rs 18,850 crore. The firm’s profits fell despite the fact that total expenses were lower by 16.5% y-o-y at Rs 6,300 crore in Q1 FY14. more at: http://www.financialexpress.com/news/bhel-net-crashes-to-rs-465-cr/1150789

BHEL Q1 PAT may dip 43% at Rs 528 cr: Motilal Oswal

Motilal Oswal has come out with its first quarter (April-June) earnings estimates for the capital goods sector. The brokerage house expects Bharat Heavy Electricals (BHEL) to report a 83.4 percent degrowth quarter-on-quarter (degrowth of 42.6 percent year-on-year) in net profit at Rs 528.43 crore. Revenues are expected to decrease by 59.9 percent Q-o-Q (down 9.3 percent Y-o-Y) to Rs 7552.2 crore, according to Motilal Oswal. Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 80 percent Q-o-Q (down 22.5 percent Y-o-Y) to Rs 932.2 crore. Motilal Oswal report on Bharat Heavy Electricals We expect the pace of decline in revenues to sharpen sequentially, with depleting order book. We expect 9% YoY revenue decline in 1QFY14. Sharp decline in Industrial orders would also have a negative impact on revenues during the quarter. Execution of projects is also likely to be constrained, particularly in private sector orders. more at: http://www.moneycontrol.com/news/brokerage-results-estimates/bhel-q1-pat-may-dip-43-at-rs-528-cr-motilal-oswal_929619.html

PM asks BHEL to take lead in developing solar power technology

Prime Minister Manmohan Singh today asked Bharat Heavy Electricals Ltd (BHEL) not only to take lead in solar energy in terms of power generation but also in the development of solar power technology in India. The government's Jawaharlal Nehru National Solar Mission's success has the potential to enhance India's energy security, said the Prime Minister. In his speech after dedicating the Rs 1,000 crore High Pressure Boiler Plant Unit-II, a greenfield initiative and the Rs 300 crore power plant piping unit at Thirumayam, on the Southern Tamil Nadu, set up BHEL, the Prime Minister said the Solar Mission seeks to develop 20,000 MW of solar power generating capacity by the end of the 13th Five Year Plan and its success has the potential of enhancing India's energy security and will help to combat climate change. The Prime Minister said “I sincerely hope that Bharat Heavy Electricals, which is bestowed with engineering expertise, manufacturing prowess and a commendable human resource base, will not only take the lead in solar energy in terms of power generation but also in the development of solar power technology in India. This is a difficult commercial decision, but well worth taking in the long term interest of our country”. more at: http://www.business-standard.com/article/companies/pm-asks-bhel-to-take-lead-in-developing-solar-power-technology-113080200769_1.html

Bhel cuts power equipment prices to fight slump

Bharat Heavy Electricals Ltd (Bhel), India’s largest maker of power equipment, cut prices by at least 15% in the past year to stem a slide in orders that threatens to send profit lower for a second straight year. “Electricity producers are scaling back investment because of a shortage of fuel, hurting manufacturers of equipment such as boilers, turbines and generators,” said P.K. Bajpai, finance director at the state-owned company. “Pending projects aren’t yielding orders as Asia’s third-largest economy expands at the slowest pace in a decade, according to Bajpai.” “We are trying to bid as aggressively as possible, but there’s overcapacity in the market,” Bajpai said in an interview. “We’ve corrected our prices in line with the market. We can only wait for things to improve as they will take time to get sorted.” more at: http://www.livemint.com/Companies/X53H00EPRWUWmjIkJDXMwN/Bhel-cuts-power-equipment-prices-to-fight-slump.html

BHEL bags 2 contracts from NTPC for setting up solar plants

BHELBSE 2.23 % said it has bagged two contracts worth Rs 132 crore from NTPCBSE 0.14 % for executing two solar power projects at Unchahar in Uttar Pradesh and Talcher in Odisha. "BHEL has won turnkey contracts for setting up two eco-friendly Grid-Connected Solar Power Plants of 10 MW capacity each at Unchahar in Uttar Pradesh and Talcher in Odisha," the company said in a statement. Valued at Rs 132 Crore, the orders have been placed by NTPC for setting up the Solar PhotoVoltaic (SPV) power plants, each of 10 MW capacity. BHEL's scope of the work in the order envisages design, manufacture, supply, installation and operation, besides maintenance of the solar power plants for one year. ref : http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/engineering/bhel-bags-2-contracts-from-ntpc-for-setting-up-solar-plants/articleshow/21268887.cms

BHEL dispatches last motor of KBL

LEM division, BHEL, Bhopal, dispatched 11th and final motor manufactured for KBL, Mundra project run by Tata Power Limited, recently. The CPWU motor of rating 11kV5200kW is the largest motor of this design, a BHEL release said on Monday. Tata Power-controlled Mundra project is one of the prestigious power projects. Equipment made by the state-owned PSU has been functioning smoothly, the release added. more at: http://timesofindia.indiatimes.com/city/bhopal/BHEL-dispatches-last-motor-of-KBL/articleshow/21260359.cms

BHEL to announce Q1 results on August 3

Bharat Heavy Electricals (BHEL), an integrated power plant equipment manufacturer, said the board of directors will meet on Aug. 03, 2013 to consider and adopt the unaudited financial results of the company for the first quarter ended on June 30, 2013. During the previous quarter, the company has reported a rise of 20.79% in net profit to Rs 33.79 billion. Net sales went up 7.51% to Rs 192.59 billion. Shares of the company declined Rs 7.7, or 4.43%, to trade at Rs 166.05. The total volume of shares traded was 739,321 at the BSE (11.53 a.m., Monday). more at: http://www.myiris.com/newsCentre/storyShow.php?fileR=20130722115735715&dir=2013/07/22

BHEL order book to improve, but not its stock: AnandRathi

Shares of Bharat Heavy Electricals have fallen nearly 13 percent in the last two trading session, wiping-off over Rs 6,000 crore from its market value, amid investor concerns over the sluggish pace of new orders. Speaking to CNBC-TV18, Amol Rao analyst at Anand Rathi says the company currently is encountering headwinds on two accounts: 1) the interest rate gyrations occurring in the economy and 2) the fact that BHEL is always considered a proxy to national capex. He believes that BHEL still stands a very good chance of wining a significant portion of available power projects. However, Rao expects BHEL stock to remain under pressure despite order wins. more at: http://www.moneycontrol.com/news/business/bhel-order-book-to-improvenot-its-stock-anandrathi-_922317.html

Bhel scrip tanks 9 per cent; top loser on Sensex, Nifty

Shares of Bharat Heavy Electricals LtdBSE -8.02 % today fell sharply by 9 per cent, wiping-off Rs 3,708 crore from its market value, amid investor concerns over the sluggish pace of new orders. At the NSE, the scrip ended 9.02 per cent lower at Rs 172.40. After plunging nearly 9 per cent in intra-day trade, the scrip finally ended at Rs 173.75, down 8.02 per cent from its previous close on the BSE. Following the dip in the stock price, the market value of the company tanked by Rs 3,708 crore to Rs 42,527 crore more at: http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/bhel-scrip-tanks-9-per-cent-top-loser-on-sensex-nifty/articleshow/21166039.cms

Bhel scrip tanks 9 per cent; top loser on Sensex, Nifty

Shares of Bharat Heavy Electricals LtdBSE -8.02 % today fell sharply by 9 per cent, wiping-off Rs 3,708 crore from its market value, amid investor concerns over the sluggish pace of new orders. At the NSE, the scrip ended 9.02 per cent lower at Rs 172.40. After plunging nearly 9 per cent in intra-day trade, the scrip finally ended at Rs 173.75, down 8.02 per cent from its previous close on the BSE. Following the dip in the stock price, the market value of the company tanked by Rs 3,708 crore to Rs 42,527 crore more at: http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/bhel-scrip-tanks-9-per-cent-top-loser-on-sensex-nifty/articleshow/21166039.cms

Challenges in transport of heavy consignments discussed in BHEL

A one-day workshop on movement of overweight and over dimensional consignments was held on Wednesday at BHEL, Bhopal in association with Indian National Group of International Association for Bridge and Structural Engineering, Zurich (IABSE). V L Patankar, ADG, ministry of road transport and highways and chairman IABSE was present as the chief guest. S R Prasad, executive director, BHEL, Bhopal, was present as the guest of honour. The workshop was attended by senior officers of PWD-MP NHAI, MPRDC, general managers and officers of BHEL. more at: http://timesofindia.indiatimes.com/city/bhopal/Challenges-in-transport-of-heavy-consignments-discussed-in-BHEL/articleshow/21131912.cms

BHEL plant getting ready for PM visit

The Chairman and Managing Director of BHEL, B.Prasada Rao, visited the Thirumayam plant on Monday to review arrangements for Prime Minister Manmohan Singh's visit early next month for the formal inauguration of the unit. Accompanied by the Executive Director of BHEL Tiruchi A.V.Krishnan and other senior officials, Mr. Prasada Rao inspected the conveniences being created for the Prime Minister's visit. A location in the vicinity of the industry has been identified for the construction of a helipad, according to police sources. Officials said the Prime Minister would inaugurate the plant in the presence of the Minister for Heavy Industries Praful Patel, the Union Finance Minister P.Chidambaram, and other dignitaries. Mr.Chidambaram was instrumental in getting the industry started in Thirumayam. He laid the foundation stone in 2009. Trial production at the unit commenced early last year. more at: http://www.thehindu.com/news/cities/Tiruchirapalli/bhel-plant-getting-ready-for-pm-visit/article4920357.ece

BHEL’s Industrial Systems Group provides vending carts to poor

BHEL’s Industrial Systems Group (ISG), Bangalore, as part of its Corporate Social Responsibility (CSR) activity has provided vending carts to the economically poor and wheelchairs to physically challenged persons. At a function organised jointly by BHEL and the programme implementing NGO, Dr B. R. Ambedkar Kreeda Club, Nagavara, Bangalore, Atul Sobti, ED ISG presented vending carts and wheelchairs to the beneficiaries. Also, BHEL has contributed Rs 2 crore to the Chief Minister’s Relief Fund to help victims in the flood-ravaged areas of Uttarakhand. BHEL employees have also contributed over Rs 6.50 crore. anil.u@thehindu.co.in (This article was published on July 10, 2013) more at: http://www.thehindubusinessline.com/companies/bhels-industrial-systems-group-provides-vending-carts-to-poor/article4901279.ece

Downturn hits BHEL vendors

Around the same time last year, ancillary units of BHEL were struggling to meet deadline for delivering output because of power scarcity. A number of units among the over 400 ancillary industries had to depend on diesel generators to keep the operations running even if it meant a substantial rise in input costs. Now, the power availability does not mean much to the industries owing to depleted orders, the industries are facing capacity under-utilisation. Around 60 units have already been on the brink of closure. Nearly 150 industries that were started in the last couple of years and those among established ones that had ramped up capacity in anticipation of higher orders are the most affected. Repayment of bank loans has hit them hard, according to Rajappa Rajkumar, Vice-President, Tamil Nadu Small and Tiny Industries Association. Around 2,000 industrial workers had been rendered jobless, and the trend of workers shifting base to other parts of the State was perceptible, he said. more at: http://www.thehindu.com/news/cities/Tiruchirapalli/downturn-hits-bhel-vendors/article4901282.ece

BHEL business strategic plan meet held

A three day "business, strategic plan meet - 2013" of BHEL Bhopal concluded recently at Goa, under the chairmanship of ShashiRanjan Prasad, executive director, BHEL, Bhopal. On this occasion discussions were held on the present economic scenario, business strategy and future policies of the company wherein general managers of various divisions made presentations on the subject. Prasad in his address said that in recent times, business environment is very complex and challenging. The main crux is to maintain profitability as well as delivering quality product within the earmarked deadline. Expressing satisfaction over the improved manufacturing and delivery schedule of equipments dispatched for the sites, he said that the next significant factor is to maintain the productivity level in line with quality. ref: http://timesofindia.indiatimes.com/city/bhopal/BHEL-business-strategic-plan-meet-held/articleshow/20992205.cms

BHEL commissions cooling water pump motors

BHEL, Bhopal has successfully commissioned 4370 KW circulating cooling water pump motors for M/s Kirloskar Brothers Ltd Pune. At a simple function held at electrical machines shop recently, documents were formally handed over to RavindraUlangwar, associate vice-president-KBL (business and sector head-power) and Lokesh Kumar SHO-NPCIL in the presence of BHEL, Bhopal executive director S R Prasad. The motors are to be dispatched to M/s Bhartiya Nabhikiyan Vidyut Nigam Limited (Bhavini) for setting up of prestigious 1X500 MW prototype fast breeder reactor (PFBR) at Kalpakkam in Tamil Nadu, according to an official release. ref: http://articles.timesofindia.indiatimes.com/2013-07-04/bhopal/40370547_1_bhel-commissions-sea-water-motors

Alstom concludes contract with BHEL for 2x660 MW Suratgarh power plant

AlstomBSE -1.31 % has been awarded a contract by BHELBSE -2.99 % to supply components and services for the 2x660 MW Suratgarh Super Thermal Power Project (STPP), located in Suratgarh, Rajasthan, India. This contract is worth approximately Rs 206 crore. Under the scope of the contract, Alstom will co-operate with BHEL in designing the boilers and supply identified pressure parts of the 660 MW supercritical boilers, along with windboxes. It will also assist BHEL with technical advisors during the erection and commissioning of the units. Key components will be manufactured in Alstom's manufacturing facilities in Concordia ( USA), as well as in Durgapur (India). The units I & II are expected to be commissioned by 2016. more at: http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/engineering/alstom-concludes-contract-with-bhel-for-2x660-mw-suratgarh-power-plant/articleshow/20894365.cms

Production pledge administered to BHEL employees

Executive director, BHEL (Bhopal) Shashi Ranjan Prasad administered the 'production pledge' to all general managers (GMs) and senior executives here on Monday. Thereafter, general managers (GMs) and HOD's administered the oath to all employees at various manufacturing blocks. Prasad on this occasion requested the employees to work with full commitment and dedication, keeping BHEL's Vision, mission and value in mind in all of their endeavours. "BHEL, Bhopal is committed to achieving business excellence and every employee is contributing effectively to achieve the objective. Delivery schedule should not only be the area of prime focus but subsequent need is to focus on the erection and commissioning work at sites," said ED Prasad. more at: http://timesofindia.indiatimes.com/city/bhopal/Production-pledge-administered-to-BHEL-employees/articleshow/20864844.cms

BHEL, battling falling margins & orders, hopes worst is over

Bharat Heavy Electricals Ltd (BHEL) is feeling the pinch of being the largest power equipment maker in the country. With a crippling slowdown facing the sector, its order book has dried by half and its investors have given it a thumbs down, with share prices at a seven-year low. Slowdown in demand, a lower order book and implementation issues due to payment delays by customers, deteriorating working capital, depleting cash in the books and falling operating profit margins are dragging the company down - signifying the ills now gripping the capital goods sector. "A host of infrastructural bottlenecks related to power shortages, mining ban in many states and delays in commissioning of large projects are key headwinds for recovery in industrial production. We are currently operating in a difficult business environment," said B Prasada Rao, chairman and managing director, in a recent investor conference call. Power, which contributes almost 80 per cent of BHEL's revenue, has been the biggest worry. The company used to win about Rs 60,000 crore of orders in a year. This has come down to Rs 25,000-30,000 crore. Once an order is booked, it takes two to three years for BHEL to make the equipment, making it important to keep the project pipeline moving. To combat this, the company is looking for other opportunities, particularly from the state and central utilities, which continue to invest in new projects as compared to private sector power companies. more at: http://www.business-standard.com/article/companies/bhel-battling-falling-margins-orders-hopes-worst-is-over-113062800027_1.html

Prakash Chand tipped to be Bhel CMD, to take reins from Rao

Prakash Chand is tipped to takeover as chairman and managing director of electrical equipment major and state-run Bharat Heavy Electricals (Bhel). The public enterprises selection board (PESB) has cleared Chand’s candidature earlier last week. He will succeed the current CMD, B Prasad Rao who is scheduled retire by this year-end. A graduate in engineering Prakash Chand is currently managing the manufacturing unit of BHEL at Hardwar as an executive director. PESB named Prakash Chand as the preferred candidate after having interviewed at least 12 top officials from different PSUs and the government. At least, four officials from Bhel were in the reckoning for the coveted post. The other three EDs who were in the race included N Ravi Chander, Anuj Bhatnagar and Akhil Joshi. Shishir Priyadarshi was the lone IAS officer in fray for BHEL chairmanship. Others who were in reckoning included Security Printing & Minting Corp of India (Spmcil) chairman M S Rana, HECL director in-charge of production Kushal Saha, Concor director (project & services) Harpreet Singh, CIL director, R Mohan Das, NHPC, director (projects), J K Sharma, PGCL director (projects) I S Jha, SJVNL director (civil) R N Misra and PDIL CMD M R Kanth. ref: http://www.mydigitalfc.com/news/prakash-chand-tipped-be-bhel-cmd-take-reins-rao-759

BHEL gives Rs 2 crore, employees one-day salary for flood victims

Bharat Heavy Electricals has contributed Rs 2 crore besides giving one-day salary of its employees to help victims in the flood-hit areas of Uttarakhand. The power equipment major said it has also provided supplies including food, milk, water and medicines to the affected areas, from its plants located at Haridwar. more at: http://economictimes.indiatimes.com/news/politics-and-nation/bhel-gives-rs-2-crore-employees-one-day-salary-for-flood-victims/articleshow/20743438.cms

BHEL wins Rs 450 crore R&M contract from Mahagenco

BHEL today bagged a renovation and modernisation contract worth Rs 450 crore from Maharashtra State Power Generation Corp ( Mahagenco). "BHEL has won an order for renovation and modernisation of a 210 MW thermal unit in Maharashtra," the company said in a statement. The World Bank-funded Rs 450 crore contract has been placed on BHEL by the Maharashtra State Power Generation Corp Ltd, the statement said. The order envisages design, supply and installation (for renovation and modernisation) of the 210 MW Boiler, Turbine and Generator package at Koradi Thermal Power Station. BHEL's scope of work in the current contract involves design, engineering, manufacture, supply and erection and commissioning of critical parts of the Boiler, Turbine and Generator, along with their Controls and Instrumentation, the statement said. Major equipment for the above contract will be manufactured and supplied by BHEL's plants at Trichy, Ranipet, Haridwar, Hyderabad and Bangalore, it added. BHEL has established the capability to deliver power plant equipment of 20,000 MW per annum. Shares of BHEL were trading at Rs 182.40, up 0.03 per cent on the BSE in the afternoon. ref: http://economictimes.indiatimes.com/news/news-by-industry/energy/power/bhel-wins-rs-450-crore-rm-contract-from-mahagenco/articleshow/20645102.cms

BHEL looking to build thermal power units in Buryatia

Bharat Heavy Electricals Ltd (BHEL), an Indian integrated power plant equipment manufacturer, is looking to build two thermal power plant units in the Russian internal republic of Buryatia, the Regnum news agency said. Executives from BHEL recently met representatives of the Buryatia government to negotiate over the Indian company’s participation in building the reactors of the Ulan-Ude TETs-2 thermal power plant. The first phase of the project involves the construction of two power units with a capacity of 240 MW each. The Buryatia government expressed interest in BHEL’s proposal to raise finances for the project using mechanisms under the trade and economic cooperation agreement between the governments of Russia and India. Buryatia considers the project strategically important to meet the republic’s energy needs. The construction and commissioning of the Ulan-Ude TETs-2 will create the conditions for quality heat supply to the capital. The project would also help secure power supplies to industrial consumers, including companies implementing large-scale projects in the field of extraction and processing of natural resources. The republic will also depend on the project to supply electricity to consumers in its northern regions: Khorinsky, Yeravninsky and Bauntovsky Evenkiysky. ref: http://indrus.in/economics/2013/06/13/bhel_looking_to_build_thermal_power_units_in_buryatia_26095.html

BHEL to see one-time Rs 870 cr expense with BHPV amalgamation

Bharat Heavy Electricals is estimated to see a one-time expenditure of about Rs 870 crore related to the proposed amalgamation of Bharat Heavy Plate & Vessels with itself. Besides, there would be annual recurring expenses to the tune of Rs 75 crore with regard to employee salaries. Bharat Heavy Plate & Vessels (BHPV) became a 100 per cent subsidiary of Bharat Heavy Electricals in 2008. BHPV, which is into engineering and heavy fabrication, was declared a sick entity by the Board for Industrial and Financial Reconstruction (BIFR) in October 2005. The proposed amalgamation of Visakhapatnam-based Bharat Heavy Plate & Vessels Ltd with the company is projected to result in a one-time expenditure of Rs 869.92 crore, according to a notice sent by BHELBSE -1.24 % to its shareholders seeking approval for the scheme. The figure includes an amount of Rs 224 crore towards liabilities arising out of "legal cases and excise duty/ service tax" and outstanding loans to BHEL worth over Rs 234 crore. Besides, BHEL would see a recurring annual expenditure of Rs 75 crore on account of "employee payments for 2007 wage revision". ref: http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/engineering/bhel-to-see-one-time-rs-870-cr-expense-with-bhpv-amalgamation/articleshow/20557435.cms

Rift in Public Enterprises Selection Board over Bhel chief's interview list

Differences have cropped up in Public Enterprises Selection Board (PESB) over the list of 15 candidates who are to be interviewed on June 20 for the post of Bhel chairman, with one of the three board members giving dissent note against inclusion of an IAS officer. Government sources said former Bharat Electronics Ltd chairman Ashwani Kumar Datt, who represents public sector undertakings (PSUs) in the PESB, has opposed the inclusion of Shishir Priyadarshi's name in the interview list to select B P Rao's successor, who retires next January. Priyadarshi is a 1980-batch UP cadre IAS officer and the only bureaucrat to have applied for the top job at India's flagship power equipment and locomotives maker. The sources said Priyadarshi had last year applied for the top job at Coal India Ltd but was not called for interview. The sources said his inclusion in the interview list has been opposed on the ground that his name figured in a list of nine IAS officers, given in response to an RTI query in July 2012, against whom the Department of Personnel and Training was considering enforcing "deemed resignation" for allegedly "unauthorized absence". more at: http://timesofindia.indiatimes.com/business/india-business/Rift-in-Public-Enterprises-Selection-Board-over-Bhel-chiefs-interview-list/articleshow/20487370.cms

15 line up for BHEL CMD post

More than a dozen candidates, including senior IAS officer Shishir Priyadarshi are in race for the top job at India's biggest power-equipment maker Bharat Heavy Electricals LtdBSE -1.25 % (BHEL). Government head-hunters, the Public Enterprise Selection Board (PESB) has called 15 candidates for interviews on June 20 to select Chairman and Managing Director of BHEL, sources said. Priyadarshi, a 1980 batch UP cadre IAS officer, is the only bureaucrat to have applied for the top job at BHEL. Others in fray include BHELBSE -1.25 % Executive Directors N Ravi Chander, Anuj Bhatnagar, Prakash Chand and Akshil Joshi. Security Printing & Minting Corp of India Ltd (SPMCIL) Chairman M S Rana, Heavy Engineering Corp Ltd (HECL) Director (Production) Kushal Saha, Container Corp of India (CONCOR) Director (Project & Services) Harpreet Singh, Coal India LtdBSE -1.08 % Director R Mohan Das, NHPC Director (Projects) J K Sharma, PGCL Director (Project) I S Jha, SJVNL Director (Civil) R N Misra and PDIL CMD M R Kanth are among other in race. PESB is to select a replacement for B Prasada Rao who retires in January next year on attaining superannuation age. Sources said Priyadarshi had last year applied for top job at Coal India Ltd (CIL) but was not called for interview. He has, however, made it to the grades in case of BHEL. He had served at WTO in Geneva for eight years, first during 1997-2000, and then between 2002 and 2007. In 2001-02, he was with UNDP. From September 2008, the official records say "posting awaited" against his present posting. Interestingly, last year his name figured in a list of 9 IAS officers against whom the Department of Personnel and Training (DoPT) was considering enforcing "deemed resignation" for allegedly "unauthorised absence". After returning from foreign deputation on September 1, 2008, he had applied for leave which was not sanctioned. ref: http://economictimes.indiatimes.com/news/news-by-industry/jobs/15-line-up-for-bhel-cmd-post/articleshow/20478274.cms

Dues to BHEL cross Rs 40k cr as cash crunch hits India Inc

Across India Inc, a cash crunch is hurting companies. Receivables at India’s biggest Indian electrical equipment maker BHEL have piled up to as much as Rs 40,000 crore at the end of 2012-13, up from R16,000 crore five years ago. The delayed payments at the company, which reported revenues of R50,015 crore crore last year, have resulted in negative cash flows. Indeed, it’s been a difficult year for India’s $25-billion electrical equipment manufacturing industry. Not only has industry-wide production shrunk 8% in fiscal 2013, the first decline in a decade, cash flows across the sector have been squeezed as cash-strapped power producers scale back orders and defer payments. ref: http://www.financialexpress.com/news/dues-to-bhel-cross-rs-40k-cr-as-cash-crunch-hits-india-inc/1125634

BHEL filed one patent application every day last fiscal

With as many as 385 filings, state-run Bharat Heavy Electricals Ltd on an average filed one patent application every day in the last fiscal. The count of applications for patents/copyrights in previous financial year saw an increase of 10 per cent compared to 2011-12 period. "During the year (2012-13), a record 385 patents and copyrights were filed by the company, translating into filing of over one patent/copyright every working day," BHEL said in a statement today. BHEL, which is primarily into manufacturing power equipment, invested about Rs 1,252 crore on R&D initiatives in 2012-13 period. "Commercialisation of products and systems developed by way of in-house Research and Development contributed around 20 per cent to the company's total turnover of Rs 50,156 crore in 2012-13," the statement said. According to the company, 145 technology plans with over 1,500 R&D projects have been identified for establishing self ultra super critical plants, renewable energy and among others. ref: http://zeenews.india.com/business/news/companies/bhel-filed-one-patent-application-every-day-last-fiscal_77583.html

Tiruchi BHEL safety meet aims at zero accident complex

The Safety Vision Plan 2015 formulated by BHEL Tiruchi envisages zero accident throughout the complex, R.Kumar, General Manager (in-charge), Engineering and Research & Development, said on Tuesday. Since accidents usually happen due to negligence or carelessness, they could be avoided by strict adherence to safety rules and regulations, Mr. Kumar said inaugurating a two-day BHEL Safety Heads meet at the Human Resource Development Centre here. Presiding over, R.S. Deenadayalu, General Manager/Operations/Boiler Shops, and Chairman, Central Safety Committee, said that every employee was responsible for ensuring safety practices and a safe work environment. ref: http://www.thehindu.com/news/cities/Tiruchirapalli/tiruchi-bhel-safety-meet-aims-at-zero-accident-complex/article4765590.ece

Bhel recovers after 3-day 6.2% slide

On BSE, 2.88 lakh shares were traded in the counter as against average daily volume of 4.23 lakh shares in the past one quarter. The stock hit a high of Rs 197.20 and a low of Rs 187.60 so far during the day. The stock had hit a 52-week high of Rs 272.45 on 5 October 2012. The stock had hit a 52-week low of Rs 174.50 on 28 March 2013. The stock had underperformed the market over the past one month till 24 May 2013, gaining 2.04% compared with the Sensex's 2.74% rise. The scrip had also underperformed the market in past one quarter, declining 5.88% as against Sensex's 2.01% gain. The large-cap state-run firm has equity capital of Rs 489.52 crore. Face value per share is Rs 2. Shares of Bharat Heavy Electricals (Bhel) had declined 6.2% in three trading sessions to settle at Rs 192.85 on Friday, 24 May 2013, from a recent high of Rs 205.60 on 21 May 2013. Bhel reported weak Q4 results during market hours on 23 May 2013. The company's net profit fell 4.2% to Rs 3237.54 crore on 2.2% decline in net sales to Rs 18850.16 crore in Q4 March 2013 over Q4 March 2012. Bhel is the largest engineering and manufacturing enterprise in India in the energy related/infrastructure sector. The company caters to the core sectors including power, transmission, industry, transportation, renewable energy, oil & gas and defence. ref: http://www.business-standard.com/article/news-cm/bhel-recovers-after-3-day-6-2-slide-113052700583_1.html

Bhel Q4 net profit drops 4.2% at Rs 3,327.54 crore

Bhel, today reported 4.2 per cent drop in net profit at Rs 3,327.54 crore for the quarter ended March 31. The company had reported net profit of Rs 3,379.81 crore in the January-March quarter of the previous financial year, Bhel said in a regulatory filing to the stock exchange. Bhel reported Q4 net income of Rs 18,850.16 crore, down 2.1 per cent from Rs 19,264.40 crore in the same period last fiscal (2011-12). The company posted 8 per cent decline in the annual net profit at Rs 6,485 crore. Bhel had reported net profit of Rs 7,040 crore in the 2011-12 fiscal. The company's order inflow rose to Rs 31,528 crore in 2012-13, from Rs 22,096 crore in the previous fiscal, a jump of 42 per cent. Bhel scrip closed at Rs 195.80 on the BSE, down 3.74 per cent from the previous close. ref: http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-news/bhel-q4-net-profit-drops-4-2-at-rs-3327-54-crore/articleshow/20226850.cms

BHEL dips ahead of Q4 earnings today

Bharat Heavy Electricals Limited (BHEL) is trading lower by 3.4% to Rs 197 ahead of its Q4 (January-March) results today. The stock opened at Rs 202 and hit a low of Rs 196 on NSE. A combined 1.53 million shares have changed hands on the counter till 1034 hours on NSE and BSE. On Wednesday, Larsen and Toubro (L&T), India's biggest engineering and construction firm, has recorded worse-than-expected 6.9% year-on-year (yoy) fall in quarterly profit at Rs 1,788 crore for the quarter ended March 31, 2013 (Q4) due to higher interest costs. BHEL is likely to post 24% yoy decline in its net profit at Rs 2,575 crore and a 4% yoy decline in operational income to Rs 18,805 crore for 4QFY2013 as industrial slowdown continues to delay execution, says analyst at Angel Broking Research. On the EBITDA or operating profit front, the company's margin is expected to fall by 480bp yoy to 20.4%. ref: http://www.business-standard.com/article/markets/bhel-dips-ahead-of-q4-earnings-today-113052300186_1.html

BHEL: Desperate bid to preserve cash

At a time when the Finance Minister has tried to allay investor concerns about the state of the economy and criticised rating agency Standard & Poor’s (S&P) for not improving India’s rating, the reality presents a completely different picture with a series of project cancellations by India Inc. For instance, Reliance Infrastructure is in the process of cancelling mega projects worth Rs 20,000 crore on account of inordinate delays by government agencies. Public sector behemoth, BHEL, is exiting its four joint venture (JV) projects with state utilities on account of delays and cash crunch. On the other hand, nearly 15,000 megawatt (MW) of gas-based power projects worth over Rs 75,000 crore are idling due to non-supply of natural gas from Reliance’s KG basin, reports suggest. A peculiar case While all the above cases, which have been reported, point out to a systemic failure, BHEL’s case is peculiar and probably brings out the worst display of planning by the government. One of the reasons cited by BHEL for walking out of the project is a decline in cash balance, though the main reason cited is lack of progress in these projects. Lack of progress on account of state electricity board (SEB) is a known fact and has been on account of various reasons ranging from poor financial health of the boards to delay in land acquisition and environmental clearances to fuel linkages. However, decline in cash balance is a new one in the long list of excuses and deserves a closer look. This comes at a time when the company has posted a record turnover of Rs 50,015 crore and a net profit of Rs 6,485 crore. Finances Despite this, nearly Rs 40,000 crore is still due to the company from power generating firms. Though the profits might look sizeable, BHEL has a negative cash flow on account of its receivables. In other words, its cash inflows are lower than cash outflows despite making profits. more at: http://www.business-standard.com/article/companies/bhel-desperate-bid-to-preserve-cash-113052100626_1.html

Training programme on translation concludes at BHEL

A 21-day training programme on translation held at Human Resource Development Centre BHEL, Bhopal concluded on Wednesday. While Girish Shrivastava, general manager, human resources, BHEL, Bhopal was present as the chief guest and Dr S N Singh, director, National Translation Board, New Delhi graced the occasion as the guest of honour. Dr Singh in his address said that language is the tool to develop one's opinion. "Hindi today is the language of science and technology. It is the binding force holding the country together. In the field of education, maximum numbers of teaching professionals across the globe are from India, who glorifying the education fabric of our country through the art of teaching," he said. more at: http://timesofindia.indiatimes.com/city/bhopal/Training-programme-on-translation-concludes-at-BHEL/articleshow/20071903.cms

BHEL ground breaking ceremony on May 14

Union agriculture minister Sharad Pawar will perform the ground breaking ceremony for public sector undertaking Bharat Heavy Electricals Limited's (BHEL) proposed plant at Mundipar village in Bhandara district on May 14. BHEL is coming up with a fabrication plant for structural frames used in power plants in this district. Apart from it, there are plans to set up the country's first plant to make silicon at the same site. The fabrication plant will lead to an investment of Rs 500 crore, with a further Rs 1,500 crore investment slated for the silicon project. The company is paying Rs 9.5 lakh an acre to the project affected persons, which is among the highest compensations in the region. The project is being pushed by union heavy industries minister Praful Patel, who belongs to the Bhandara-Gondia parliamentary constituency. ref: http://timesofindia.indiatimes.com/city/nagpur/BHEL-ground-breaking-ceremony-on-May-14/articleshow/19978306.cms

BHEL Tiruchi derives logistics advantage from Karaikal Port

Bharat Heavy Electricals Limited (BHEL), Tiruchi, has been able to save substantially on freight and wharf charges by exporting equipment through the Karaikal Port, which became operational in 2009. The port is closer at a distance of 132 km compared to the Chennai Port, 350 km away. BHEL determined the capability of the new-generation green field port to handle sensitive cargo, before starting exports. A private port run by Karaikal Port Private Limited (KPPL), it first despatched BHEL’s shipment of boiler components for two 135-MW Circulating Fluidised Bed Combustion boilers to New Caledonia, a French colony near Australia, during January 2010. BHEL despatched 14,000 tonnes of components for each of the two boilers to New Caledonia. In the process, the KPPL gained the distinction of being the only private-run port to export cargo belonging to public sector undertakings. The Food Corporation of India (FCI) has also been exporting wheat through the port. more at: http://www.thehindu.com/news/cities/Tiruchirapalli/bhel-tiruchi-derives-logistics-advantage-from-karaikal-port/article4688883.ece

'Govt taking steps to protect BHEL from Chinese competition'

The government today said it is taking steps to protect the interest of power equipment maker Bharat Heavy Electricals Ltd in the wake of competition from Chinese players. A slew of factors including aggressive competition, weak investment sentiment, inflationary pressure and political turmoil in overseas countries like Syria have impacted the performance of state-run BHEL, Parliament was informed. In response to a query on whether the government is taking any steps to protect the interest and efficacy of BHEL from Chinese competition, Heavy Industries and Public Enterprises Minister Praful Patel replied in the affirmative. However, he did not provide details about steps initiated in this regard. Patel said that a number of Chinese companies such as Dongfang, Harbin Power and Shanghai Electric are competing with BHEL. "Out of 54,964 MW power generating capacity added during the 11th Five-Year Plan, equipment from Chinese suppliers/manufacturers accounted for nearly 18,500 MW (i.E. 34%," he said in a written reply in the Lok Sabha. more at: http://www.business-standard.com/article/companies/govt-taking-steps-to-protect-bhel-from-chinese-competition-113050200790_1.html

Bhel seeks direct disbursement of loans to complete stalled projects

To recover the Rs.20,000 crore owed by its customers, Bharat Heavy Electricals Ltd (Bhel) is trying to directly secure the disbursement of loans sanctioned to developers by lenders such as Rural Electrification Corp. Ltd (REC) for completing the stalled projects. While in the earlier arrangement, payment to Bhel was routed through the developers, a direct disbursement would also help the lenders to realize the stuck loans. “We are trying for direct payments from the lenders. This will be a win-win for both us and the lenders as they have loaned out money for these projects,” a Bhel executive said, requesting anonymity. more at: http://www.livemint.com/Companies/fEFvOC9HyKf2VXEFaIzQVN/Bhel-seeks-direct-disbursement-of-loans-to-complete-stalled.html

BHEL has the first-mover advantage if growth recovers this year

Bharat Heavy Electricals Ltd (BHEL) has been facing headwinds for many quarters as the country's power sector undergoes a crisis of sorts. However, the state-run company has made huge investment in capacity expansion to keep itself ready for any revival in the economy. In the last five years, BHEL has invested Rs 6,660 crore in building new factories and expanding existing units. The manufacturing capacity has increased to 20,000 Megawatts (Mw) per annum, highest among all power-equipment vendors in India. In comparison, its main competitor, Larsen and Toubro invested around Rs 1,000 crore in expanding its machinery and industrial products division during the period. BHEL's other two competitors in the power equipment sector, Siemens and ABB, spent around Rs 1,000 crore each on expanding their manufacturing footprint during the period. This puts the company in a favourable position to meet the demand once growth recovers and even grab market share from competitors. During the boom period, from 2005-06 to 2010-11, the company was short on capacity opening opportunity for its competitors. BHEL's market share in new orders declined to 41 per cent during the 12th Plan period from 49 per cent in the previous one. The gainers were Chinese vendors, which grabbed a third of the new orders during the 12th Plan against 22 per cent in the previous period. more at: http://www.business-standard.com/article/companies/bhel-has-the-first-mover-advantage-if-growth-recovers-this-year-113042900007_1.html

BHEL wins AIMA Managing India Award for being the Outstanding PSU of the Year

Sh. B. Prasada Rao, CMD, BHEL receiving the AIMA Managing India Award from the Hon'ble President of India, Sh. Pranab Mukherjee. BHEL was recognised as the Outstanding PSU of the year by the All India Management Association (AIMA). ref: http://www.bhel.com/press_release/press_pop.php?press_id=600

OPGC signs contract with BHEL

The Rs 11,450 crore expansion project at Ib Valley Thermal Power Station (ITPS) of Odisha Power Generation Corporation on Saturday inked a contract with BHEL where the latter will supply equipment and set up OPGC’s 1,320 MW main plant. The BTG (boiler, turbine and generator) supply and installation agreement was signed by AES Corporation managed OPGC’s Managing Director Venkatachalam Kuppusami and BHEL’s General Manager (Marketing) V. Venkatkrishnan. After signing the contract, the OPGC Managing Director said BHEL won the international competitive bidding (ICB) for the job by quoting Rs 4,051 crore. It involves supply of the main plant (boiler, turbine and generator) at an all inclusive firm price of Rs 3,748.94 crore and erection of the main plant at Rs 302.06 crore. more at : http://www.thehindu.com/business/Industry/opgc-signs-contract-with-bhel/article4660390.ece

BHEL set to produce supercritical boilers

BHEL, Tiruchi, achieved a major landmark during 2012-13 by fully establishing all manufacturing processes for supercritical range of boilers. It has manufactured associated valves and piping products adaptable to the machine tools for handling larger sizes, intricate assemblies, and advanced materials, according to its annual report. By manufacturing 2.5 lakh valves, the Tiruchi unit has increased its volume of production by 18 per cent. Shop trial assemblies of hopper to furnace transition panels and hopper to spiral furnace wall panels were carried out for the first time. Unique components such as connecting sphere, mixing sphere, intricate burner panels, headers of 2.7-metre height, and wind box of 16.7-metre height weighing 42 tonnes were successfully manufactured for the first time for supercritical boilers. A record number of 300 coal feeders and over 150 wind boxes were dispatched during the year. Other components manufactured for the first time include P92 headers of 660 mm X 120 mm outer diameter and up to 120 mm wall thickness, P91 headers of up to 813 mm diameter, economiser coils from 135-metre-long tubes built up using straight tube butt joints and forged high pressure valves of F91 material. more at: http://www.thehindu.com/news/cities/Tiruchirapalli/bhel-set-to-produce-supercritical-boilers/article4653517.ece

Bhel rolls out solar steam turbines, AC-powered rigs

Bharat Heavy Electricals Ltd’s (Bhel) Hyderabad unit is working on commercialising a solar energy driven turbine to cater to the power sector. The company has developed a 50 mw steam turbine that runs on solar power and is looking to roll out the turbines on a large scale. “There is demand for clean energy all over. We have already showcased the solar turbines to the industry and are hopeful of receiving orders,” Ravi Chander, Bhel’s executive director (heavy power equipment plant), said. The industry major is also looking to commercialise AC-powered oil rigs, a shift from the conventional DC-powered rigs. “We have secured orders for these rigs from ONGC. The order for six rigs would be at about Rs 650 crore and we are now hopeful of receiving orders from other oil companies,” he said. The company is also pinning hopes on the expansion programmes taken up by fertiliser units for supply of large capacity compressors. Interestingly, the public sector major is eyeing an opportunity to source components from the Chinese market to remain cost effective. more at: http://www.dnaindia.com/money/1824295/report-bhel-rolls-out-solar-steam-turbines-ac-powered-rigs

BHEL’s R&D arm develops training simulator for supercritical plants

BHEL’s corporate R&D wing is sharpening its focus on technology products aimed at improving the operation and performance of the firm’s supercritical power plants. As a first step, it has developed, for the first time, a full-scope operator training simulator for training of plant operators in the operations of such plants. This product will help BHEL’s 3 x 660-MW Lalitpur supercritical thermal power project in Uttar Pradesh. “The simulator can also provide remote training to operators. It can also be used to take up new developments on applications in supercritical power plants,’’ S. Sekar, General Manager, BHEL Corporate R&D, said. ref: http://www.thehindubusinessline.com/companies/bhels-rd-arm-develops-training-simulator-for-supercritical-plants/article4629618.ece?homepage=true&ref=wl_home

BHEL to develop hybrid system for renewable energy

Bharat Heavy Electricals Limited (BHEL)'s corporate R&D division is planning to step up its ongoing efforts in the renewable energy sector, including development of a hybrid system that integrates wind, solar and biomass-based power generation. "We are looking for partners to develop this hybrid system as people who are entering the wind energy sector are also looking to create solar and bio-mass capacity in a single project," S Sekar, general manager of BHEL corporate R&D division said on Tuesday. Besides the wind-mill generators, BHEL is also producing mono crystalline panels for solar power projects at its Bangalore facility while the R&D division is working on several new projects aimed at improving the product capabilities. These also include the development of a new material based on nano-technology for use in solar cells. Solar power projects built by BHEL come with rich engineering capabilities, he said. "Even compared with cheaper imports from China, our products stand competitive in the overall sense as it involves several other components, not just the solar panels alone," Sekar said in response to a question on the project costs. NTPC had recently awarded the establishment of a 20Mw solar power project to BHEL, according to him. more at: http://www.business-standard.com/article/companies/bhel-to-develop-hybrid-system-for-renewable-energy-113041600618_1.html

BHEL's Rs 1,300-crore R&D plan

Bharat Heavy Electricals Ltd (BHEL) will invest about Rs 1,300 crore towards Research & Development in the current fiscal. “During 2012-13, the company-wide R&D investment went up to Rs 1,248 crore, which was an increase of 4.1% over the previous year. This year also, the spend will be in the range of 4% over last year’s amount,” said S Sekar, General Manager, BHEL Corporate R&D. The products that were developed in-house have contributed Rs 9,643 crore, which was 19.3% of the turnover, to BHEL’s overall turnover last year. During the year under review, the R&D division had filed 385 intellectual property rights and copyrights. Meanwhile, in a bid to devise long-term R&D framework, BHEL said it has constituted a high-level R&D Advisory Council (RDAC), comprising the principal scientific advisor, director general of CSIR, chairman, Central Electricity Authority and many senior experts. BHEL has developed a solar thermal sun tracker to increase power output from the PV panels. ref: http://newindianexpress.com/business/news/BHELs-Rs-1300-crore-RD-plan/2013/04/17/article1548474.ece

BHEL-Trichy Complex to enter new areas including defence

Bharat Heavy Electricals Limited's (BHEL) Tiruchirappalli (Trichy) Complex, which manufactures boilers for the power sector, plans to diversify into new areas as part of its de-risk strategy. The Rs 15,000-crore BHEL-Trichy Complex will enter defence, oil and gas sectors, among others. The Complex has decided to ear mark 20-25 per cent of its capacity for the new business. A V Krishnan, executive director of BHEL-Trichy Complex said the diversification has started. As the first step, the Complex got few trial orders from Defence Research and Development Organisation (DRDO) in Avadi near Chennai to supply 50 thermal pressure components for the battle tanks produced by DRDO. The DRDO's requirement is 250-300 every year and the value is estimated to be around Rs 100 crore, said Krishnan. BHEL-Trichy Complex is also looking at oil, gas and refineries to supply different components to increase revenue from non-crore areas and to fully utilise the capabilities developed over the years. more at: http://www.business-standard.com/article/companies/bhel-trichy-complex-to-enter-new-areas-including-defence-113041300267_1.html

BHEL has 14,000 MW worth new contracts lined up: official

Bharat Heavy Electricals Ltd (BHEL) today said project orders involving setting up of 14,000 MW are already lined up for the company during the current fiscal. "We hope the worst is over. Contracts for power projects worth 14,000 MW is already lined up," BHEL eastern region executive director M Rajiv Kumar said. Asked about competition from the Chinese companies for these contracts, Kumar said, "in the past BHEL had been able to secure 65 per cent of the private contracts and in future also we will remain competitive." BHEL was also working on technology to enable power plants to switch between imported coal and domestic coal to get an edge over competitors. more at: http://profit.ndtv.com/news/industries/article-bhel-has-14-000-mw-worth-new-contracts-lined-up-official-320850

BHEL to invest Rs 800 cr on its solar PV plant

Bangalore-based electronics division (EDN) of Bharat Heavy Electricals Ltd (BHEL) has proposed to set up a backward integrated project for its solar photovoltaic panel business. The company has planned to set up an integrated manufacturing facility for ingots to wafers, cells and panels using crystalline photovoltaic technology. The company, which presently manufactures solar PV panels at its Bangalore plant, has estimated the investment for new facility in the region of Rs 800 crore, K C Ramamurthy, executive director, EDN, said. "We are presently manufacturing 26 Mw solar photovoltaic panels at our Bangalore plant. We intend to embark on a backward integration for this plant and produce solar cells and further manufacture wafers, and ingots in-house in a phased manner," he said. The company plans to expand the present capacity of its solar PV panel unit from 26 Mw to 480 Mw in two phases with 240 Mw in each phase. The proposed plant will be completely automated and first of its kind in the country. Till now, no other company manufactures their own solar wafers and cells including solar PV panels, Ramamurthy said. The EDN has submitted a proposal to the company's board and the final decision is yet to be taken in this regard, he said. more at: http://www.business-standard.com/article/companies/bhel-to-invest-rs-800-cr-on-its-solar-pv-plant-113041000623_1.html

BHEL Bangalore units report 10.3% decline in turnover

Bangalore-based divisions of Bharat Heavy Electricals Limited (BHEL) have reported 10.35 per cent decline in turnover at Rs 3,360 crore for the year-ended March 31, 2013. The three divisions - electronics division, industrial system group and ceramic business unit - of BHEL had reported a turnover of Rs 3,748 crore for the year 2011-12. The divisions received orders worth Rs 3,390 crore, while the total outstanding orders stood at Rs 7,975 crore. The export turnover stood at Rs 1,062 crore. "Highly sluggish and competitive market resulted in the slow conversion of orders during the last fiscal. The power equipment industry has seen several delays in large projects in the last two years. Delays in regulatory approvals has hurt the business," K C Ramamurthy, executive director (EDN), said. The Electronics Division (EDN) of BHEL recorded a 26 per cent decline in turnover for 2012-13 at Rs 1,708 crore while its profit before tax dipped 62.5 per cent to Rs 312 crore as against Rs 832 crore in the previous year. Its order book went up 46.28 per cent to Rs 1,318 crore taking the total outstanding orders to Rs 3,805 crore. more at: http://www.business-standard.com/article/companies/bhel-bangalore-units-report-10-3-decline-in-turnover-113041000625_1.html