Monday, December 30, 2013

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

Thursday, December 26, 2013

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

Tuesday, December 24, 2013

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

Sunday, December 22, 2013

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

Saturday, December 21, 2013

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/

Sunday, December 8, 2013

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

Wednesday, December 4, 2013

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

Tuesday, December 3, 2013

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

Monday, December 2, 2013

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

Sunday, December 1, 2013

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