Thursday, May 30, 2013

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

Monday, May 27, 2013

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

Thursday, May 23, 2013

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

Wednesday, May 22, 2013

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

Tuesday, May 21, 2013

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

Thursday, May 16, 2013

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

Thursday, May 9, 2013

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

Monday, May 6, 2013

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

Thursday, May 2, 2013

'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