Thursday, January 31, 2013

BHEL Q3 net profit likely to fall 4% at Rs 1,371 cr

Bharat Heavy Electricals (BHEL) is going to declare its results for the quarter of financial year 2012-13 on Friday. Analysts on an average expect decline in earnings to continue in the quarter amidst a falling order backlog and paucity of incremental orders. Profit after tax is expected to go down by 4.3 percent year-on-year to Rs 1,371 crore in the December quarter, according to CNBC-TV18 poll. However, net sales are seen going up by 3 percent to Rs 10,862 crore from Rs 10,548 crore during the same period. Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 2.1 percent YoY to Rs 1,965 crore and EBITDA margin is seen improving 20 basis points YoY at 18.1 percent in October-December quarter. more at: http://www.moneycontrol.com/news/result-poll/bhel-q3-net-profit-likely-to-fall-4-at-rs-1371-cr_816506.html

Wednesday, January 30, 2013

BHEL commissions 100 MW hydro project in Vietnam

BHEL today said it has commissioned a 100 MW hydro power generating set in Vietnam, a development that is likely to open up more opportunities for the state-run major in the fast-growing market. The leading power equipment maker has commissioned the first unit of the 2x100 MW Nam Chien hydro project in Vietnam. "This success opens a huge market potential for BHEL not only in the hydro segment but also in the thermal and gas based power plant segments in Vietnam which will witness huge capacity additions in the future," BHEL said in a statement. One of the fastest growing economies, Vietnam's power sector is expected to see an annual growth of 16 per cent. The Vietnam project is funded by the Indian government. ref: http://www.moneycontrol.com/news/business/bhel-commissions-100-mw-hydro-projectvietnam_815370.html

Tuesday, January 29, 2013

BHEL engineers head to Germany to find fix for NLC

A delay of three years, and counting, in the commissioning of a thermal power plant for its customer, Neyveli Lignite Corporation, has caused public sector power-equipment major BHEL to send its engineers to Germany to take troubleshooting lessons. For the first time in the country, a 250-MW lignite-fired thermal power plant based on the environment-friendly circulating fluidised bed combustion(CFBC) is being attempted at the public sector power utility NLC. BHEL is responsible for supplying the equipment and building the plant. TECHNICAL ISSUE Three years since the originally scheduled date of commissioning, the project, in the words of a senior BHEL official, “is still stuck on technical issues.” Now, a small team of engineers has been sent to Germany to learn from technology supplier Lurgi Lentjes how to fix the technical snags. The first of the two 250-MW units was actually fired up about six months ago but, as the operators tried to raise the output to full rated capacity, some pressure parts broke. “The pressure parts supporting system needs review,” the official said. Some time back, a war of words broke out between Neyveli Lignite and BHEL, the former holding the latter responsible for the delay and BHEL saying the delay was initially caused by NLC’s insistence that a formal “joint deed of understanding” be signed between BHEL and Lentjes. UNIQUE TO PLANT BHEL says the problem is unique to the plant and “even the technical collaborators are learning.” The technical issue faced here is “a subject for getting a PhD.” Regardless, the official said that there are a few solutions on the horizon, and the plant could well start generating power by mid-February. He pointed out that the CFBC-based boilers can fire even poor-quality fuels (such as lignite). It is only a matter of time before this technology for 250-MW plants is mastered and, once that is done, BHEL would have on its hands a veritable goldmine of opportunities. ref: http://www.thehindubusinessline.com/companies/bhel-engineers-head-to-germany-to-find-fix-for-nlc/article4357861.ece?ref=wl_opinion

Monday, January 28, 2013

BHEL Partners with Akshaya Patra Provides Five Meal Delivery Vehicles as part of CSR Initiatives

As part of its Corporate Social Responsibility (CSR) initiatives, Bharat Heavy Electricals Limited (BHEL) has provided five meal distribution vehicles to the Akshaya Patra Foundation, Guwahati aimed at fulfilling their shared vision of creating a brighter future for deserving children. Mr. B. Prasada Rao, Chairman & Managing Director, BHEL flagged off the vehicles at a ceremony held at Akshaya Patra's kitchen in Amingaon, Guwahati. On the occasion, Mr. Rao said that BHEL is committed to the noble cause that Akshaya Patra has been working towards. Through this support, we hope to lend a helping hand to an organization that satisfies a child's basic need of a filling meal. The custom-designed vehicles will be used to distribute mid-day meals to children in government schools across Kamrup District. Akshaya Patra is currently feeding more than 1.5 million school children every day in 20 locations in 9 states across the country. The meal delivery vehicles will help transport hot, nutritious meals from their centralized kitchens to about 10,000 children every day. These meals give the children an incentive to go to school and stay in school, besides providing them with the necessary nutrients they need to develop their cognitive abilities to focus on learning. ref: http://www.4-traders.com/BHARAT-HEAVY-ELECTRICALS-9743934/news/Bharat-Heavy-Electricals-Limited-BHEL-Partners-with-Akshaya-Patra-Provides-Five-Meal-Delivery-Vehi-15975910/

Saturday, January 26, 2013

BHEL hands over manufactured nozzle assembly for 3X110 MW Kishanganga Hydro Project located in Baramulla district of Jammu and Kashmir.

In a ceremony held at BHEL, Bhopal recently, Hydro Group BHEL, Bhopal successfully handed over the manufactured nozzle assembly for 3X110 MW Kishanganga Hydro Project located in Baramulla district of Jammu and Kashmir. K Purswani GM, hydro, Dinesh Kumar GM, engineering and MM and other senior officials along with large number of employees were present on this occasion. The nozzle assembly is the largest in size and weight manufactured by BHEL which has been cleared for dispatch after stringent inspection and tests in the presence of NHPC officials. The contract includes supply of electromechanical equipment as a part of EPC contract jointly with Messers HCC for this project. more at: http://timesofindia.indiatimes.com/city/bhopal/BHEL-hands-over-manufactured-nozzle-assembly/articleshow/18181738.cms

Wednesday, January 23, 2013

BHEL - Board to consider Interim Dividend

With reference to the earlier announcement dated January 21, 2013, regarding Intimation of Board Meeting to be held on February 01, 2013, to consider and take on record Unaudited financial results, Bharat Heavy Electricals Ltd has now informed BSE that in said meeting the Board will also consider declaration of Interim Dividend on the equity shares of the Company for the financial year 2012-13. ref: http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=632305

Monday, January 21, 2013

BHEL commissions steam turbine generator unit in Ethiopia

BHEL today said that it has commissioned steam turbine generator (STG) unit at a power plant in Ethiopia. “BHEL has commissioned first steam turbine generator unit in Ethiopia, the company’s first-ever in Africa,” a company statement said. The steam turbine generator set of 12-MW capacity has been commissioned at the Finchaa Sugar Factory for the plant’s own use. The company did not disclose the financial details of the project. It added that the plant will supply process steam and power to the sugar factory and the excess power will be supplied to Ethiopian Electricity Power Company. BHEL will supply steam turbine generator units from its Hyderabad plant and has control system from its Bangalore works. The civil works, erection and commissioning of the plant has also been executed by BHEL. BHEL, which supplies products and systems for thermal, gas and hydro power plants, has presence across 75 countries. The company currently manufactures equipment to support 20,000 MW of power generation capacity. ref: http://www.thehindubusinessline.com/companies/bhel-commissions-steam-turbine-generator-unit-in-ethiopia/article4328550.ece

Saturday, January 19, 2013

BHEL donates 5 vehicles for meal distribution

The Bharat Heavy Electricals Limited (BHEL) recently provided five meal distribution vehicles to the AkshayaPatra Foundation, Guwahati under its corporate social responsibility (CSR) initiative. Akshaya Patra is aims at providing free meals to poor hungry children. BHEL chairman & managing director B Prasada Rao gave away the vehicles at a ceremony held at Akshaya Patra's kitchen at Amingaon in Guwahati. ref: http://timesofindia.indiatimes.com/city/guwahati/BHEL-donates-5-vehicles-for-meal-distribution/articleshow/18096818.cms

Thursday, January 17, 2013

BHEL bags Rs 750 cr contract from Bhutan

BHEL on Thursday, said it has received a contract from Bhutan for setting up a 720 MW hydro power plant at an estimated investment of Rs 750 crore. “BHEL has bagged a contract for executing the 720 MW Mangdechhu Hydroelectric project for Mangdechhu Hydroelectric Project Authority (MHPA), Bhutan,” the company said in a statement today. The order envisages manufacture, supply, erection and commissioning of equipment for the 720 MW Mangdechhu Hydroelectric project, the statement said. The value of the contract is Rs 594 crore plus Balance of Plant on cost plus basis, with which, the total contract value will be in the range of Rs 730 to Rs 750 Crore. Balance of Plant include coal and ash handling plants in the power station. The project is being set up under a bilateral agreement between the Indian government and the Royal Government of Bhutan. ref: http://www.thehindu.com/business/companies/bhel-bags-rs-750-cr-contract-from-bhutan/article4315918.ece

BHEL to be categorised as Maharatna

Bharat Heavy Electricals Ltd (BHEL) will be accorded Maharatna status with the Committee of Secretaries clearing the proposal, Heavy Industries Minister Praful Patel on Wednesday. Addressing employees of BHEL's boiler plant at Tiruchirapalli, Patel said that BHEL was amongst the finest companies, not only in India but in the world. A company statement quoted the minister as saying that BHEL's 49,000 strong technical, educated and committed workforce hailing from all parts of the country was one of the biggest assets the nation could have. The minister was on a visit to BHEL's high pressure boiler and seamless steel tube plants at Tiruchirapalli, around 320 km from Chennai. ref: http://businesstoday.intoday.in/story/bhel-to-be-categorised-as-maharatna/1/191633.html

Tuesday, January 15, 2013

BHEL renovates, commissions hydro power plant in Tajikistan

Strengthening its overseas footprint, state-run BHEL today said a renovated hydro project with enhanced generation capacity has been commissioned in Tajikistan. The power equipment major is also implementing hydro projects in Rwanda, Afghanistan, Vietnam, DR Congo and Bhutan. BHEL has completed the Renovation, Modernisation & Uprating (RMU) of the 2x4.75 MW Varjob hydro power plant of Barki Tojik in Tajikistan. The project is funded by the Indian government. The company -- which had supplied the complete electro- mechanical package for the project -- enhanced the capacity from two units of 3.67 MW to 4.75 MW each. Both the units have achieved uprated full load and are running successfully following the RMU job. "The successful completion of this project by BHEL will help in strengthening business relations between India and Tajikistan and open a new market for India in Tajikistan. "It also reflects BHEL's continued support to Tajikistan's vision to develop its hydro energy sector, which constitutes 4% of the world's total hydro resources," BHEL said in a statement. ref: http://www.business-standard.com/india/news/bhel-renovates-commissions-hydro-power-plant-in-tajikistan/202757/on