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