Telangana pays Rs. 350 cr to BHEL for power stations

Telangana Chief Minister K. Chandrasekhar Rao on Wednesday handed over a cheque for Rs. 350 crore to Chairman and Managing director of Bharat Heavy Electricals Limited (BHEL) B. Prasada Rao for construction of super critical power stations at Kothagudem and Manuguru in Khammam district. This was the first instalment of funds released to the State-owned BHEL, a major in the field of power plant equipment, after it signed a memorandum of understanding with the State Government for commissioning the plants. Sources said Mr. Rao asked the BHEL top executive to complete the works at Kothagudem in two years and a year later at Manuguru. He promised to get environment clearance for two other thermal power stations at Damaracharla in Nalgonda district during his visit to New Delhi on January 4 and 5. more at: http://www.thehindu.com/news/cities/Hyderabad/telangana-pays-rs-350-cr-to-bhel-for-building-super-critical-power-stations-in-khammam/article6741738.ece

Bhel gains on forming a consortium for building submarines

BHEL rose 0.98% to Rs 257 at 12:25 IST on BSE after the company, Mishra Dhatu Nigam and Hindustan Shipyards have come together to form a consortium for building submarines indigenously. The company made announcement during market hours today, 30 December 2014. Meanwhile, the S&P BSE Sensex was down 26.82 points or -0.12% at 27,362.99. On BSE, so far 1.17 lakh shares were traded in the counter as against average daily volume of 5.91 lakh shares in the past one quarter. The stock hit a high of Rs 258.90 and a low of Rs 254 so far during the day. The stock hit a 52-week high of Rs 291.50 on 26 May 2014. The stock hit a 52-week low of Rs 145.75 on 14 February 2014. more at: http://www.business-standard.com/article/news-cm/bhel-gains-on-forming-a-consortium-for-building-submarines-114123000368_1.html

BHEL eyes business opportunities in Mozambique, Laos

Continuing efforts to strengthen its overseas footprint, Bharat Heavy Electricals is looking for business opportunities in Mozambique and Laos. Geographical diversification is a strategic focus area for Bharat Heavy Electricals Ltd (BHEL), which already has presence in about 76 countries. The state-owned power equipment maker, which is facing headwinds in the domestic market, is now seeking business opportunities in Mozambique and Laos. In this regard, the company has recently sought Expressions of Interest (EOIs) from entities who can be enlisted as agents in the two countries. more at: http://zeenews.india.com/business/news/companies/bhel-eyes-business-opportunities-in-mozambique-laos_115152.html

Traffic safety coordinators installed at BHEL

The 16th batch of traffic safety coordinators was installed at the Bharat Heavy Electricals Limited, Tiruchi, on Monday. Twenty employee volunteers were inducted as safety coordinators at a function held at the Human Resource Development Centre (HRDC) of BHEL. The safety coordinators will assist BHEL security personnel in regulating the traffic and ensuring safety throughout the factory and its township during peak hours and during their off duty hours. G. Ramasamy, Regional Transport Officer, Tiruchi (East), explained various steps to be taken to prevent accidents. He briefed the participants about the rules and regulations with respect to road safety. T. Baskaran, Additional General Manager, Health Safety Environment, BHEL, briefed about the Safety Co-ordinators Scheme. S. Palanivelu, Deputy Chief Security Officer, BHEL, distributed road safety kits to the safety coordinators, according to a BHEL release. K. Kannan, Senior Deputy General Manager, Safety Management, and K. Muthukumar, Deputy General Manager, Safety Management, BHEL, spoke. ref: http://www.thehindu.com/news/cities/Tiruchirapalli/traffic-safety-coordinators-installed-at-bhel/article6721600.ece

BHEL wins Rs 131 cr thermal power project order in Turkey

BHEL has bagged a €16.96 million contract for a thermal power project in Turkey, the company said. "The company has bagged a contract for rehabilitation of 3 units of Electrostatic Precipitators for the 430 MW Tuncbilek Thermal Power Project in Turkey on EPC (Engineering, Procurement & Construction) basis," BHEL said in a statement. Image: ibnlive.in.com Image: ibnlive.in.com Valued at €16.96 million (approximately Rs 130.8 crore), the order envisages dismantling, supply, civil works and erection & commissioning of the Electrostatic Precipitators. The order has been placed on BHEL by Electricity Generation Company which is the largest electric power company in Turkey. It is owned by the Turkish government and it generates and supplies electricity throughout the country. For this prestigious contract, the Electrostatic Precipitators will be manufactured and supplied by BHEL’s Ranipet unit, motors and other auxiliaries by its Bhopal facility and controls by the company’s Bangalore unit, the statement added. more at: http://firstbiz.firstpost.com/corporate/bhel-wins-rs-131-cr-thermal-power-project-order-turkey-114268.html

BHEL bags PSE Excellence Award 2014

BHEL has been conferred the PSE Excellence Award 2014 for R&D and Technology Development in the Maharatna & Navratna CPSEs Category by the Indian Chamber of Commerce (ICC). The award was received by B Prasada Rao, CMD, BHEL from the Governor of Uttar Pradesh, Ram Naik, in the presence of the Minister of State for Heavy Industries & Public Enterprises, G.M. Siddeshwara. BHEL is engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products, systems and services for the core sector companies in the field of power, transmission, transportation, renewable energy, oil and natural gas and defence. - See more at: http://money.livemint.com/news/sector/news/bhel-bags-pse-excellence-award-2014--350715.aspx#sthash.EenpFpZX.dpuf ref: http://money.livemint.com/news/sector/news/bhel-bags-pse-excellence-award-2014--350715.aspx

BHEL to set up solar photo-voltaic unit in Maharashtra

Bharat Heavy Electricals Ltd (BHEL) would set up an integrated solar photo-voltaic manufacturing facility of around 500 MW per annum in Maharashtra, Parliament was informed today. "BHEL has initiated setting up an integrated solar photo-voltaic (PV) manufacturing facility of around 500 MW per annum in phases in Maharashtra subject to government approval regrading grant of 40 per cent capital subsidy under national Clean Energy Fund, to be completed in three years," Minister of State for Heavy Industries and Public Enterprises G M Siddeshwara said in a written reply to the Lok Sabha. ref: http://articles.economictimes.indiatimes.com/2014-12-09/news/56879915_1_bharat-heavy-electricals-ltd-engineers-india-ltd-500-mw

BHEL commissions hydro power plant in Rwanda, Africa

State-run power equipment maker BHELBSE -1.88 % today said it has commissioned a hydro power project in African country Rwanda. "BHEL has commissioned the 28 MW Nyaborongo Hydro Electric Project (2x14 MW) in Rwanda," a statement said. With the commissioning of this plant, the installed generation capacity of Rwanda has gone up by 24 per cent from 119 MW to 147 MW. Nyaborongo Hydro Electric project is owned by the Government of Rwanda and has been financed under the .. Ref : http://economictimes.indiatimes.com/industry/energy/power/bhel-commissions-hydro-power-plant-in-rwanda-africa/articleshow/45410941.cms

BHEL makes country’s first phase-shifting transformer

Bharat Heavy Electricals Limited, Ranipur, in Haridwar district of Uttarakhand has indigenously made the country’s first phase shifting transformer. This transformer has been recently commissioned for the Telangana-based Kothagudam Thermal Power Station in Andhra Pradesh. As per BHEL official P Maniktala, BHEL had created twin 400 KV and 220 KV phase shifting transformer by which electricity flow in power lines of 400 KV and 220 KV, respectively, can be controlled as per requirements. In case 220 KV power line gets overloaded, via this transformer through 400 KV line the power supply can be easily resumed. “This is a major achievement and step by BHEL in acquiring smart grid capabilities. More business avenues have been opened through this achievement and we hope power quality improvement is also achieved through this indigenous technique capability,” said Maniktala. Notably, BHEL is the country’s largest manufacturer of transformers with more than 4000 transformers of 3 lakh MW capacity built by the public sector major undertaking in recent years. National Thermal Power Corporation, Power Grid Corporation, State Electrical Boards along with global orders from 20 countries are being catered to by BHEL,a Maha Ratna accorded public sector company. ref: http://www.tribuneindia.com/news/business/bhel-makes-country-s-first-phase-shifting-transformer/14343.html

BHEL commissions sixth unit of 412 MW Rampur hydro plant

Bharat Heavy Electricals Thursday said it has commissioned the sixth unit of 412 MW Rampur hydel power project in Himachal Pradesh. The state-owned equipment maker has now completed commissioning all the six units - each having 68.67 MW generation capacity - of the plant, operated by SJVN Ltd. The project is located on the Satluj river. In a statement, Bharat Heavy Electricals Ltd (BHEL) said the plant can generate about 1,770 GWh in a 90 percent hydrological dependable year when all the units are operating. BHEL's scope of work included supply, erection and commissioning of six Francis turbines. At present, BHEL is executing hydro power projects of around 5,000 MW capacity. "Fiscal 2014-15 is progressing on a promising note for hydro projects, with commissioning of a 130 MW set at Parbati III in May, 2014 and two 68.67 MW units of Rampur in June and July 2014, and now followed by another 68.67 MW unit," the statement said. During 2013-14 financial year, the company commissioned nine hydro sets having total capacity of 641 MW. ref: http://www.moneycontrol.com/news/business/bhel-commissions-sixth-unit412-mw-rampur-hydro-plant_1244644.html

BHEL to set up 500 MW solar power project

The heavy industries ministry is preparing to take cabinet approval for a 500-MW solar power project to be set up by state-run heavy electricals major BHEL. The Rs.3,700 crore project is proposed to have 40 percent funding from the National Clean Energy Fund, the source added. Meanwhile, Minister of State Heavy Industries G.M. Siddeshwara told parliament Tuesday in a written reply that of the 84 thermal power units being implemented by BHEL, 47 are delayed for reasons not attributable to the company. Twenty-three units are on hold owing to reasons like customer funds constraints, fuel availability and clearances, that is, also for factors not attributable to BHEL, the minister added. "The main reasons for delays in completion of power projects include slow civil works, contractual issues, logistics, force majeure situations, law and order problem, etc," Siddeshwara said. The company got this fiscal's first order in the power sector in September, and has got five orders worth Rs. 12,337 crore so far. ref: http://www.daijiworld.com/news/news_disp.asp?n_id=279288

Bhel profits hit by poor utilization, high working capital

Bharat Heavy Electricals Ltd (Bhel) reported dismal results in the three months to September, marking eight consecutive quarters of decline in net revenue and profit. The travails of the infrastructure segment continue to hurt the operating performance of the country’s largest capital goods maker. Bhel’s woes are a combination of weak execution and high receivables. Some slow moving, large orders, mainly in the energy sector, and a declining order backlog led to a sharp 32% decline in net revenue from the year-ago period. It meant low utilization of its factories, hurting operating profitability. Raw material costs and other expenses were contained to an extent. But staff costs rose quite a bit. Operating profit, which plummeted by 52% from the year-ago period, was also hugely below Bloomberg’s consensus. The operating margin shocked the Street; at 4.7%, it was nearly 2 percentage points lower than in the year-ago period. Profitability dipped in both the power and industry segments. A bigger concern is the high capital employed in spite of the decline in revenue, which indicates the stretched working capital cycle. A report from Espirito Santo Securities India Pvt. Ltd also points out that Bhel’s high receivables situation is unlikely to change soon. Besides, about one-third of the receivables are outstanding for more than one year. Read more at: http://www.livemint.com/Money/JxxPe4mB6q7LIApeu0a8LI/Bhel-profits-hit-by-poor-utilization-high-working-capital.html?utm_source=copy more at: http://www.livemint.com/Money/JxxPe4mB6q7LIApeu0a8LI/Bhel-profits-hit-by-poor-utilization-high-working-capital.html

BHEL commissions second gas-based power plant in Tripura

Bharat Heavy Electricals Ltd has commissioned the second module of ONGC Thermal Power Corp's gas-based power plant in Tripura, completing the combined-cycle power project that would use gas from Oil & Natural Gas Corp's adjoining fields in the northeastern state. Located at Palatana in Tripura's Udaipur district, around 50 kms from the state capital of Agartala, the plant comprises two modules of 363.3 mw each, equipped with fuel efficient advanced gas turbines. State-run BHEL, whic .. Read more at: http://economictimes.indiatimes.com/articleshow/45176869.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst more at: http://economictimes.indiatimes.com/industry/energy/power/bhel-commissions-second-gas-based-power-plant-in-tripura/articleshow/45176869.cms

BHEL Q2 net slumps 73% to Rs 125 cr

BHEL today saw its net profit tumble nearly 73% to Rs 124.84 crore in three months ended September this year as lower revenues from power and industry segments took a toll on its profitability. Bharat Heavy Electricals Ltd (BHEL), which is currently facing tough business conditions, had a net profit of Rs 455.95 crore in the September quarter last year. Net sales of the power equipment maker fell to Rs 6,027.58 crore in the second quarter of current fiscal. In the year-ago period, the same stood at Rs 8,819 crore, according to a regulatory filing. Reflecting tough business conditions, BHEL's revenues from power as well as industry segments declined in the latest quarter under review. In the 2014 September quarter, power segment saw revenues fall to Rs 4,736.95 crore from Rs 7,576.38 crore in the year-ago period. Besides, revenues from industry segment dropped to Rs 1,582.36 crore from Rs 1,739.18 crore in the same period a year ago. more at: http://www.business-standard.com/article/pti-stories/bhel-quarterly-net-profit-slumps-73-pc-to-rs-125-crore-114111401037_1.html

BHEL renovates, modernises 110 MW unit of Muzaffarpur power station in Bihar

Bharat Heavy Electricals Limited (BHEL) today said it had successfully carried out the renovation and modernisation (R&M) of the 100 MW unit 2 of the Muzaffarur Thermal Power Station in Bihar. The plant belongs to Kanti Bijlee Utpadan Nigam Limited (KBUNL), a joint venture of NTPC Ltd and BSPGCL. Following the successful R&M, the unit has been running on full capacity, ensuring addition of 110 MW to Bihar. The unit was originally supplied and commissioned by BHEL in March, 1986. With this, the working life of the machine has been extended by another 15-20 years, a press release from BHEL said. This follows the successful completion of R&M work of Unit-1 at Muzaffarpur TPS, which was commissioned in September, 2013 by BHEL. So far, BHEL has completed R&M of 17 sets totalling to initial design capacity of 2,000 MW, the release said. more at: http://netindian.in/news/2014/11/11/00031373/bhel-renovates-modernises-110-mw-unit-muzaffarpur-power-station-bihar

BHEL bags Rs 220 crore contract

BHEL has bagged an order worth Rs 220 crore for supplying an electrostatic precipitator package to a power project in Odisha. The contract is related to the 2x800 MW Darlipali super thermal power project. In a statement today, Bharat Heavy Electricals Ltd said the Rs 220 crore order has been placed by NTPC. The plant is located in Sundargarh district of Odisha. more at: http://www.business-standard.com/article/pti-stories/bhel-bags-rs-220-crore-contract-114110200199_1.html

BHEL to train convicts in welding in Tiruchi

Rehabilitation measures at Tiruchi Central Prison are poised for expansion with the jail authorities deciding to train a group of convicts in welding with assistance from the public sector giant Bharat Heavy Electricals Limited (BHEL). The Prison Department would soon forge a tie-up with BHEL, Tiruchi to implement the latest rehabilitation initiative for the benefit of the convicts serving lengthy terms. This would be the first time that the prison authorities would be teaming up with a major public sector undertaking to train a select band of prisoners in a vocational trade activity. The BHEL would be installing machines required for the training programme inside the sprawling Central Prison premises, accommodating 1,300 prisoners, to train the select group of inmates. For its part, the Prison Department has installed an additional power transformer in the jail complex exclusively for conducting the welding training. The State government has provided Rs. 5 lakh for this purpose. Technical personnel from the BHEL would bring along with them necessary paraphernalia required to impart the hands-on training to the convicts in different batches soon. A group of 60 convicts have been identified for the welding training programme which would be conducted for six months, prison authorities here said. Prior to commencing the programme, the Prison Department and the BHEL would sign a memorandum of understanding soon. The training is expected to commence next month. ref: http://www.thehindu.com/news/cities/Tiruchirapalli/bhel-to-train-convicts-in-welding-in-tiruchi/article6551300.ece

BHEL bags Rs 422 crore order for Uttarakhand hydel project

Bharat Heavy Electricals Ltd ( BHEL ) has received a contract worth Rs 422 crore related to 444 MW Vishnugad Pipalkoti hydel power project in Uttarakhand. Located in Chamoli district, Vishnugad Pipalkoti project is on Alaknanda river. It comprises four hydro generating sets of 111 MW capacity each. The order, valued at Rs 422 crore, is for setting up of hydro generating sets and associated electro-mechanical works for the Vishnugad Pipalkoti project, BHEL said in a statement today. The order has been awarded by THDCIL (formerly known as Tehri Hydro Development Corp Ltd). more at: http://www.moneycontrol.com/news/business/bhel-bags-rs-422-crore-order-for-uttarakhand-hydel-project_1213276.html

BHEL to cut power equipment prices

Bharat Heavy Electricals Ltd (BHEL) is relooking at its pricing strategy. Considering the competition from multinational companies, it is being felt that the base price of the power sector equipment and services should be lowered by 10 per cent to 15 per cent if BHEL was to keep its order book moving, according to sources. BHEL, ranked among the international top 12 in the power sector, has also taken up a review of the erection time for equipment, especially those used for setting up 250 MW thermal power units. A shorter timeframe, its exercise has revealed, will enhance its competitiveness, according to the sources. ref: http://www.thehindubusinessline.com/opinion/twenty-years-ago-today/article6528147.ece

No Stay on BHEL Work at N Chennai Thermal Plant

The Madras High Court on Thursday refused to grant an interim stay on further proceedings in a tender awarded to BHEL by TANGEDCO for commissioning the 2X660 mega watt Ennore Special Economic Zone Supercritical Thermal Power Project at Ash Dyke of North Chennai Thermal Power Station. The court observed that site in question has been handed over to BHEL and it has issued a bank guarantee of `763 crore. The petitioner, Central Southern China Electric Power Design Institute (CSEPDI) - Trishe consortium, contended that awarding the contract to BHEL was illegal and against the Tamil Nadu Transparency in Tenders Act. The petitioner also sought direction to take the CSEPDI’s bid into consideration and the comparative merits of the petitioner and BHEL. Earlier, the Madras High Court had directed TANGEDCO to duly consider the petitioner’s representation while finalising the tender strictly as per the tender specifications and the Tamil Nadu Transparency in Tenders Acts and Rules. On September 27, TANGEDCO passed an order awarding the tender to BHEL after dismissing the Chinese consortium’s representation. Aggrieved by the order, the petitioner moved the HC. The petitioner claimed that TANGEDCO’s order awarding the contract to BHEL was against the very undertaking given by it before the High Court that the petitioner’s representations would be duly considered while finalising the tender. More at : http://www.newindianexpress.com/cities/chennai/No-Stay-on-BHEL-Work-at-N-Chennai-Thermal-Plant/2014/10/18/article2483459.ece

BHEL bags Rs 7,800 crore contract for power project

Bharat Heavy Electricals Limited on Wednesday bagged a Rs 7,800 crore contract for setting up a 1,320 MW thermal power project in Tamil Nadu. Valued at around Rs 7,800 crore, it is an EPC contract (Engineering, Procurement and Construction) from Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO), Bhel said in a statement. The order is for setting up a 2x660 MW coal-fired thermal power project at Ennore Special Economic Zone in Tamil Nadu. The power plant will be constructed on a reclaimed ash pond, calling for specialised civil design, utilising an otherwise barren land. Read more at: http://www.moneycontrol.com/news/business/bhel-bags-rs-7800-crore-contract-for-power-project_1199119.html?utm_source=ref_article more at: http://www.moneycontrol.com/news/business/bhel-bags-rs-7800-crore-contract-for-power-project_1199119.html

BHEL bags Rs. 359 cr contract from NMDC

Bharat Heavy Electricals Ltd (BHEL) has bagged a contract worth Rs. 359 crore for setting up a plant power distribution system package for an NMDC steel plant in Chattisgarh. The work pertains to state-owned NMDC's three million tonnes per annum integrated steel plant at Nagarnar in Chattisgarh. Already, Bharat Heavy Electricals Ltd is executing a raw material handling package at the project. In a statement today, BHEL said the contract for setting up the plant power distribution system package is valued at Rs. 359 crore. "The present order envisages design, engineering, supply, erection and commissioning of the complete power distribution system on turn key basis. "The system will supply power through 33kV GIS (Gas Insulated Switchgear) based substations to the shops of the integrated steel plant," it added. ref: http://www.thehindubusinessline.com/companies/bhel-bags-rs-359-cr-contract-from-nmdc/article6468171.ece

BHEL pays 76% Final Dividend for fiscal 2013-14

Bharat Heavy Electricals Ltd has informed BSE regarding a Press Release dated October 01, 2014, titled "BHEL pays 76% Final Dividend for fiscal 2013-14" more at: http://www.thehindubusinessline.com/companies/announcements/others/bhel-pays-76-final-dividend-for-fiscal-201314/article6465461.ece

BHEL to build two power plants in Telangana

Public sector undertaking Bhel will be executing two thermal projects in Telangana on an engineering, procurement and construction (EPC) basis. The state government would be entering into a memorandum of understanding with Bhel for the execution of 800-Mw Kothagudem and 1,080-Mw Manuguru thermal power plants. According to an official press release, a proposal to this effect was made by Bhel chairman and managing director, BP Rao, when he called on chief minister, K Chandrashekar Rao, on Tuesday. The chief minister agreed to the proposal. more at: http://www.business-standard.com/article/companies/bhel-to-build-two-power-plants-in-telangana-114092300752_1.html

BHEL achieves profit of Rs 3,461 crore

Despite an extremely volatile market conditions, Bharat Heavy Electricals Limited (BHEL) has achieved a turnover of Rs40,338 crore and a net profit of Rs3,461 crore during 2013-14, said B. Prasada Rao, the company’s chairman and managing director.Addressing shareholders at the company’s 50th AGM, Mr Rao said that BHEL has synchronised or commissioned all time high power projects of 13,452 MW the highest in a single year during the last fiscal year. This includes commissioning of 11,266 MW in utilities comprising nine 600 MW sets, 1,698 MW in captive or industrial sets, and 488 MW in the overseas markets. The resilience of the company, he said, is evident from the fact that the company has posted a net profit margin of nine per cent, which is still higher than many industry peers. Mr Rao said that despite unfavourable externalities, BHEL secured orders worth Rs28,007 Crore from its diversified business segments such as power and Industry covering both domestic and international markets. Despite severe market shrinkage and stiff competition in the power sector, he emphasised that BHEL has increased its market share from 68 per cent in 2012-13 to 72 per cent in 2013-14 which includes the highest ever mega EPC order worth Rs 7,900 crore for 3 X 660 MW supercritical units from NTPC for North Karanpura. At the end of the year total orders in hand for execution in 2014-15 and beyond, stand at Rs1,01,566 crore. more at: http://www.deccanchronicle.com/140922/business-latest/article/bhel-achieves-profit-rs-3461-crore

New attendance: BHEL unions to move labour commissioner

Discord between BHEL trade unions and management over junking the decades-old punching cards with swipe attendance has escalated with unions deciding to take up the matter with labour commissioner. And BHEL brass is hanging a carrot before workers to douse dissent. The management has linked swipe attendance with a reward policy to switch over to the new system. A circular issued by BHEL stated workers can bag attractive benefits by swiping cards at factory terminals. Workers with more than 65% attendance will be rewarded with a cash price of Rs 1,400 and those achieving 100% will be given cash rewards of Rs 2,200. BHEL management claimed 70% attendance was recorded by swipe cards on first day of announcement of reward policy on Wednesday, while unions called it a big lie and a bait to lure workers. Karamchari Trade Union vice-president Mukund Godbole said, "They are using reward policy to compel workers to swipe cards. This reward policy is illegal under Industrial Dispute Act, thus the management is using fraudulent means to impose their policies." more at: http://timesofindia.indiatimes.com/City/Bhopal/New-attendance-BHEL-unions-to-move-labour-commissioner/articleshow/42792455.cms

BHEL bags Rs 3,500 crore order for thermal plant in Gujarat

BHEL has bagged an order worth over Rs 3,500 crore for setting up a thermal power project in Gujarat. The contract has been awarded by the Gujarat State Electricity Corp Ltd. In a statement today, Bharat Heavy Electricals Ltd said the Rs 3,536 crore order is for setting up an 800 MW super critical thermal plant at Wanakbori in Kheda district, Gujarat. "This is the first ever project of 800 MW unit rating ordered in the country on EPC basis and is also the highest valued order placed by GSECL," it said. The EPC (Engineering, Procurement and Construction) contract has been awarded through international competitive bidding process. more at: http://www.moneycontrol.com/news/business/bhel-bags-rs-3500-crore-order-for-thermal-plantgujarat_1182652.html

Will complete thermal projects in time: BHEL to UP govt

State-run engineering and power equipment enterprise Bharat Heavy Electricals Limited (BHEL) on Tuesday assured the Uttar Pradesh government of meeting timelines on the various thermal power projects in the state. BHEL is currently working on commissioning several Greenfield projects apart from the repair of existing units. BHEL Chairman and Managing Director B P Rao met state Chief Secretary Alok Ranjan here to discuss such projects. The Navratna enterprise is working on commissioning unit one and two of Anpara D project (2X500 MW) before April and June 2015, respectively. Besides, it has undertaken repairing of several units of Obra and Harduaganj thermal power projects. Two units of these projects are likely to be ready by November 2014. Two other units of Obra would be completed by May and August 2015, respectively, Rao said. more at: http://www.business-standard.com/article/companies/will-complete-thermal-projects-in-time-bhel-to-up-govt-114091600746_1.html

BHEL to develop 20 Mw solar power plant

The engineering and manufacturing major, Bharat Heavy Electricals Limited (BHEL) will develop a 20 Mw solar power plant at Manamunda industrial estate in Boudh district. “A letter of intent has been issued to BHEL which will develop the proposed solar plant. It will also operate and maintain the plant for a period ten years,” said an official of GEDCOL, the nodal agency for implmentation of renewable energy in the state. BHEL is currently engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products, systems and services for the core sector companies in the field of power, transmission, transportation, renewable energy, oil and natural gas and defence. The solar plant at Manamunda will be set up over 100 acres of land entailing an investment of about Rs 150 crore. more at: http://www.business-standard.com/article/companies/bhel-to-develop-20-mw-solar-power-plant-in-odisha-114091501078_1.html

BHEL inks pact with Bharathidasan University

The Bharath Heavy Electricals Limited, Tiruchi, has entered into a supplementary agreement with Bharathidasan University for providing Electrical Sanitary Napkin Incinerators (ESNI) to schools and colleges in the region. It was in addition to the Women Involved in Sanitation and Hygiene (WISH) programme launched in 2013. It was aimed at providing 150 incinerators, worth of Rs.57 lakh, to various educational institutions including schools and colleges functioning under the jurisdiction of the university. During the first phase of the programme as many as 25 incinerators were supplied to various institutions. In the second phase, it has been planned to provide 50 ESNIs worth about Rs.21lakh to schools and colleges. The supplementary agreement was signed by E.Ramganesh, Registrar-In-Charge, Barathidasan University, and K.Murali, Deputy General Manager of BHEL, in the presence of V.M. Muthukumar, Vice-Chancellor, Bharathidasan University, M. Palanivel, General Manager, Human Resources and V. Ganapathy, Co-ordinator, WISH. A total of 150 ESNIs, worth Rs.57,18,000, would be supplied to various educational institutions under the university’s jurisdiction across eight districts. more at: http://www.thehindu.com/news/cities/Tiruchirapalli/bhel-inks-pact-with-bharathidasan-university/article6412003.ece

BHEL to gain from rise in defence spend

The leader in defence electronics in India, Bharat Electronics (BHEL) would be a key beneficiary of the rising defence expenditure in the country. The Indian Air Force would be finalising large ticket acquisitions of $20-22 billion, and as the proportion of Electronics is higher in Air Force orders, these deals would be important from BHEL’s perspective. We expect BHEL to report revenue CAGR of 14% and earnings CAGR of 18% over FY15-17. Our target price of INR2,600 implies 26% upside. Large Electronic Warfare Systems such as Tactical Communication Systems, Battle Field Management Systems (BFMS), and Future Infantry Soldier System (FISS), among others, would be medium-term drivers. In the past, BHEL has said the potential pipeline from stands at R40,000-50,000 crore. more at: http://www.financialexpress.com/news/bhel-to-gain-from-rise-in-defence-spend/1288446

Tree plantation programme held in BHEL

Under the banner of Town Administration Department BHEL, Bhopal, a massive tree plantation programme was organised on Thursday at Shastri Market near Piplani. As many as 850 saplings were planted on Thursday; in total 1,200 saplings will be planted in the area. The saplings have been planted in a lot where 24 dilapidated quarters once stood. The land was leveled and made suitable for plantation. Shashi Ranjan Prasad, Executive Director, BHEL, Bhopal was the chief guest. Prasad appreciated the efforts of Town Administration Department. He said that the area should be named after Late former Prime Minister Lal Bahadur Shastri. He said a jogging track for should also be constructed in the park. All general managers, senior officials, trade union representatives, traders' associations' and town administration officials were also present. more at: http://timesofindia.indiatimes.com/city/bhopal/Tree-plantation-programme-held-in-BHEL/articleshow/42328673.cms

BHEL bags order from NPTI for operating training simulator

Bharat Heavy Electricals Limited's city-based Electronics Division has bagged an order from National Power Training Institute for design, engineering, testing, supply, installation and commissioning of Operator Training Simulator for 800MW Super Critical Power Plant, the company said today. The simulator is proposed to be set up at NPTI's Power Training Institute located at Faridabad in Haryana, BHEL said in a release. The order has been bagged against stiff International Competitive Bidding. NTPC is the consultant for this project, it added. ref: http://www.moneycontrol.com/news/business/bhel-bags-ordernpti-for-operating-training-simulator-_1173440.html

BHEL bets on new business models, overseas opportunities

Faced with reduced order book and stiff competition, power equipment maker BHEL is exploring new business models apart from scouting for overseas opportunities in Russia, Kazakhstan and other countries. State-owned BHEL, which saw its net profit nearly half to Rs 3,461 crore in the last fiscal, is also keen to tap opportunities in the nuclear power segment and possible entry into core-nuclear area. In its 2013-14 annual report, Bharat Heavy Electricals Ltd (BHEL) said the company has taken various strategic initiatives to sustain and grow in present adverse market conditions. BHEL is exploring new business models with partnerships for power plant developers for upcoming UMPPs and debt financing for new projects in partnership with financial institutions are also underway. "Further, to harness emerging opportunities in nuclear power, the company is working towards increasing its offering in nuclear plant with focus on indigenisation and entry into core-nuclear area," the report said. more at: http://www.business-standard.com/article/pti-stories/bhel-bets-on-new-business-models-overseas-opportunities-114083100180_1.html

China firm gets time to beef up case against BHEL

In a small consolation for a Chinese firm-led consortium bidding for the 9,207 crore Ennore power project, the Madras high court granted it another week to marshal documents to seek disqualification of BHEL from participating in the tender process. The issue relates to a petition filed by CSEPDI-TRISHE, led by Central Southern China Electric Power Design Institute (CSEPDI), which has bid for the supercritical thermal power project. The other bidder is BHEL. Taking exception to the processing of BHEL's bid, the consortium said the public sector company had inordinately delayed several power projects involving 7,300MW in the state and hence should be disqualified from bidding for the project. Last month, a single judge asked Tangedco, the generation and distribution arm of the state power utility, to give a personal hearing to the consortium and consider its representations before finalising tenders. Challenging it, the government filed an appeal. more at: http://timesofindia.indiatimes.com/business/india-business/China-firm-gets-time-to-beef-up-case-against-BHEL/articleshow/40541174.cms

To boost generation, NTPC seeks tie ups with Coal India, Bhel

NTPC is keen to join hands with Coal India Ltd (CIL) and Bharat Heavy Electricals Ltd (Bhel) to augment its generation capacity and capability, which have been hit by a coal shortage. Minutes of a July meeting of an advisory group on integrated power development, headed by Suresh Prabhu, said, "NTPC's performance was affected in recent years, and continues to be so, by the general situation of the coal shortage in the country. While this is true, it is also a fact that NTPC could develop the coal blocks allotted to it from 2004." In 2013-14, the thermal power producer's dependency on imported coal increased to 10.39 million tonnes (mt) from 9.09 mt in 2012-13. For this financial year, the figure is expected to rise to 17 mt. The company's fuel costs rose to Rs 12,765 crore in the June 2014 quarter, 35 per cent more than in the corresponding period last year, while revenue from operations rose 16 per cent during the same period. In a note to investors, NTPC said the robust business models of private entities in the sector offered substantial competition. more at: http://www.business-standard.com/article/companies/to-boost-generation-ntpc-seeks-tie-ups-with-coal-india-bhel-114081901059_1.html

BHEL develops new boiler for power generation

Bharat Heavy Electricals Ltd (BHEL) has developed a new kind of boiler . This is one of the key equipment in power generation. Known as ‘Fuel Flexible Supercritical Boilers', this new equipment can help in producing electricity with 100 per cent domestic coal or 100 per cent imported coal. Currently, the companies are required to mix both categories of coal in a fixed ratio and also have to consider few characteristics before blending. Now, with the help of this new boiler, there would not be any such requirements. According to a company statement, the new equipment is meant for coal-based power plant also known as thermal power plant. Latest data for power generation states that 3,55,499 billion units of power were generated during April-July of the current year, out of which 2,94,833 billion units were by the thermal power plant. This is 82 per cent of the overall power generation. more at: http://www.thehindubusinessline.com/companies/bhel-new-boiler/article6328467.ece

Ensure customer satisfaction, BHEL employees told

Mr. Krishnan was hoisting the national flag at the Independence Day celebrations at the Jawaharlal Nehru Stadium at Kailasapuram Township. The power sector would look up soon as power was essential to fuel economic growth, said A.V. Krishnan, Executive Director, Bharat Heavy Electricals Limited, Tiruchi, here on Friday. Competition in the sector was increasing with the rise in customer expectations in terms of faster delivery schedules and improvement in quality, Mr. Krishnan said and added that it was time for BHEL employees, suppliers, and vendors to rise up to the occasion to ensure cent per cent customer satisfaction. Mr. Krishnan was hoisting the national flag at the Independence Day celebrations at the Jawaharlal Nehru Stadium at Kailasapuram Township. more at: http://www.thehindu.com/news/cities/Tiruchirapalli/ensure-customer-satisfaction-bhel-employees-told/article6323387.ece

BHEL down about 8 percent after April-June earnings

Bharat Heavy Electricals Ltd (BHEL.NS) falls about 8 percent after April-June earnings lag estimates. Citi warned earnings imply BHEL's backlog may have dipped below 1 trillion rupees (16.33 billion U.S. dollar) for the first time since April-June 2009. Citi said BHEL might miss company's own sales and inflow targets in FY15. ref: http://in.reuters.com/article/2014/08/13/bhel-earnings-idINKBN0GD08520140813

BHEL Q1 net halves to Rs 193.5 cr on lower revenue, EBITDA

Bharat Heavy Electricals (BHEL) missed street expectations with the first quarter (April-June) net profit falling 58.4 percent year-on-year to Rs 193.5 crore due to lower revenues and weak operational performance. Profit in the year-ago period was Rs 465.4 crore. In Q1FY14, other income included forex gain of Rs 325 crore, which boosted profitability during that quarter. Analysts had expected the company to report profit of Rs 350 crore on revenue of Rs 6,135 crore for the quarter, according to CNBC-TV18 poll estimates. Net sales dropped 20.2 percent to Rs 5,068 crore in the quarter ended June 2014 from Rs 6,353 crore in the corresponding quarter of last fiscal on account of lower revenue from both power as well as industry segments. Power revenue went down by 23 percent on yearly basis to Rs 4,144.2 crore with earnings before interest and tax (EBIT) falling 30.8 percent to Rs 525 crore while revenue from industry segment dipped 12.3 percent to Rs 1,133 crore with EBIT declining by 70 percent to Rs 39.5 crore, said the company in its filing. Operating profit (EBITDA) of the power equipment maker slipped 44.2 percent year-on-year to Rs 217 crore and margin fell 180 basis points to 4.2 percent in April-June quarter, which both were lower than analysts' estimates of Rs 387 crore and 6.3 percent, respectively. Other income during the quarter was down by 35.4 percent to Rs 348 crore from Rs 538.5 crore while total expenses declined to Rs 5,209.6 crore from Rs 6,300.34 crore during the same period. Tax expenses were down by 74.2 percent Y-o-Y to Rs 52.4 crore but finance cost jumped to Rs 47.3 crore from Rs 27.8 crore and depreciation cost increased to Rs 272.5 crore from Rs 230.8 crore (due to change in depreciation method). The scrip of BHEL, which announced earnings post market hours, rose 0.79 percent to close at Rs 223.70 on the Bombay Stock Exchange. Read more at: http://www.moneycontrol.com/news/results/bhel-q1-net-halves-to-rs-1935-crlower-revenue-ebitda_1153426.html?utm_source=ref_article ref: http://www.moneycontrol.com/news/results/bhel-q1-net-halves-to-rs-1935-crlower-revenue-ebitda_1153426.html

BHEL Q1 profit may fall 24.8% to Rs 350 cr on lower revenue.

BHEL announce its first quarter (April-June) earnings on Tuesday, is expected report subdued performance for yet another quarter. Analysts say BHEL’s performance should remain muted given execution concerns with its private sector order book. According to them, reducing order book, limited movement in slow-moving orders (around 20 percent of order book which include names like Indiabulls, Visa Power, Monnet Ispat, Abhijeet Power, Bajaj Hindusthan), delay in clearance and delay in payments by clients are impacting execution. The topline may continue to decline in Q1 as well due to continuing execution challenges and weak order inflow. Analysts say BHEL delays deliveries to its customers due to rising receivables. more at: http://www.moneycontrol.com/news/result-poll/bhel-q1-profit-may-fall-248-to-rs-350-crlower-revenue_1152288.html

State to reclaim unused BHEL, Bhopal land, says Gaur

BHOPAL: Home minister Babulal Gaur, who represents Govindpura, the constituency that covers BHEL, said the government would reclaim its land from the PSU administration. He said almost 2,000 acres of land is lying vacant for past many years. Asked for reaction to a large number of houses lying vacant in several BHEL localities, which have become breeding ground for mosquitoes, Gaur said, "The land was given to them for developing industries, hospitals and market, but it is lying vacant and is being encroached upon. In 2004, the state government wanted the land back and now BJP-ruled government at the Centre, we will exert pressure on them to hand over land to the state." These single story quarters were constructed to accommodate skilled and unskilled employees of BHEL when it was set up long ago. "We want to build an ITI campus on unexploited land so that the state has its own ITI campus and aspiring students need not move to other cities to pursue course, Gaur added. Talking to TOI, BHEL general manager (human resources) S Chaturvedi said, "In last 15 years we have not employed unskilled labourers. Earlier, we had strength of 19,900 employees, now it has been reduced to mere 7000 employees. There has been a drastic decline in the manpower." According to BHEL authorities, now the employees don't want to stay in these small houses. "They take loan and construct their own house according to their need." When asked whether the state government has ever wanted to reclaim the land, he said, "We have not received any notice by any department but if the central government decides to take it back, we will abide by the decision." As far as vacant houses are concerned, these would be demolished soon and some 20 of them have already been demolished, he added. ref: http://timesofindia.indiatimes.com/city/bhopal/State-to-reclaim-unused-BHEL-land-says-Gaur/articleshow/39795709.cms

BHEL commissions another hydro power unit at Rampur HEP in India

Bharat Heavy Electricals Limited (BHEL) has commissioned another hydro power unit of 68MW at the Rampur hydro electric project (HEP) in Himachal Pradesh, India. With this, the company has commissioned a total of five units at the 412MW hydro power plant of SJVN Limited. The company has commissioned earlier four units between March 2014 and June 2014 and have been been put into commercial operation. BHEL is likely to commission the sixth and last unit shortly and is in an advanced stage of execution. BHEL's scope of work in the project includes supply, erection and commissioning of six numbers 68MW Francis turbines operating at a head of 119m with matching synchronous generators of 200rpm, static excitation system, main inlet valves, digital governors, state-of-the-art control & monitoring system (SCADA), associated station auxiliaries, gas insulated switchgear (GIS) and electrical & mechanical balance of plant (BoP). ref: http://hydro.energy-business-review.com/news/bhel-commissions-another-hydro-power-unit-at-rampur-hep-in-india-050814-4334315

Appellate authority sets aside BIFR order on BHEL arm merger

Bharat Heavy Electricals Ltd said that the Board for Industrial & Financial Reconstruction (BIFR) had on August 29, 2013, sanctioned the modified scheme envisaging the merger of Bharat Heavy Plate & Vessels Ltd (BHPV) with itself. In a filing to the BSE, BHEL said the BIFR order was filed with the Registrar of Companies at Hyderabad and Delhi on August 30, 2013, the date of the merger. However, on Saturday, BHEL received a certified copy of order of the Appellate Authority for Industrial & Financial Reconstruction (AAIFR) on appeals made by BHPV Officers’ Association, BHPV U/V Series (Ex-Trainee) and BHPV Retired & VR Employees Welfare Society setting aside the BIFR order and remanding the matter back to BIFR with certain directions. BHEL informed the exchange that it was in the process of examining the AAIFR order. ref: http://www.thehindubusinessline.com/companies/appellate-authority-sets-aside-bifr-order-on-bhel-arm-merger/article6279352.ece

BHEL commissions another 68 MW unit at Rampur hydel plant

Bharat Heavy Electricals LtdBSE -1.82 % has commissioned the fifth 68 MW unit of the Rampur hydro power project in Himachal Pradesh. "The earlier four units at Rampur plant were commissioned between March 2014 and June 2014. All the four have since been put into commercial operation. The sixth and last Unit is in an advanced stage of execution and is likely to be commissioned shortly," the power equipment maker said in a statement today. The project is located on Satluj river. BHEL's scope of work in the project includes supply, erection and commissioning of six 68 MW Francis turbines, among others. According to the statement, nine hydro sets totalling 641 MW were commissioned by BHELBSE -1.82 % in 2013-14 period. The company is currently executing hydel projects having about 5,000 MW generation capacity. Ref : http://economictimes.indiatimes.com/industry/energy/power/bhel-commissions-another-68-mw-unit-at-rampur-hydel-plant/articleshow/39421140.cms

BHEL to expand its solar power capacity in Karnataka

The Bharat Heavy Elec-tricals Ltd (BHEL) has bagged Rs 68 crore worth order for setting up a 10 MWp (mega watt peak) grid-connected solar power plant for the Karnataka Power Corporation Ltd (KPCL). The solar power plant will be set up at Shivanasamudra, Belakavadi village in Mandya district. BHEL’s scope of work in the turnkey contract envisages design, engineering, manufacture, supply, erection, testing and commissioning of the 10 Mw solar power plant including grid inter-connection, operation and maintenance of the plant for three years, the company said in a statement. BHEL has executed similar projects for the KPCL that include a 3 MWp Grid Connected Solar Power Plant near Raichur and a 5 MWp Grid Connected Solar Power Plant at Belakavadi village near Shivanasamudra in Karnataka. By placing the present order for 10 MWp Solar Power Plant, the KPCL has once again shown its confidence in BHEL. BHEL has become a leading player in the field of solar photovoltaics in the country by successfully commissioning a number of large size solar power plants in different parts of the country. The mega watt-size solar power plants, ranging from 2 Mw to 10 Mw rating, set up by the company in Maharashtra, Rajasthan, Tamil Nadu, Tripura and Uttar Pradesh, besides Karnataka, are operating successfully and generating environment-friendly, clean power and supplying the same to the main grid. BHEL is also installing its single largest 15 Mw grid-connected solar power plant for NTPC at Singrauli in Madhya Pradesh. more at: http://www.business-standard.com/article/company/bhel-to-expand-its-solar-power-capacity-in-karnataka-114072800646_1.html

BHEL to foray into solar in big way

BHEL has firmed up renewed plans for a big presence in renewable energy, especially solar energy. It wants to play a significant role in establishing ultra mega solar photovoltaic plants of 1000 MW each. The Ministry of New and Renewable Energy (MNRE) had unveiled plans to create 4000 MW of solar power by setting up 4x1000 MW solar units on the lines of thermal ultra mega power projects. The average per MW cost of solar energy is upwards of Rs 7.5 crore. BHEL, along with Hindustan Salts, Power Grid Corporation, Solar Energy Corporation and Sutlej Jal Vidyug Nigam are forming a consortium to take up this challenge. The initial plants are expected to come up in Gujarat and Rajasthan, where Hindustan Salts owns a considerable land bank, said B. Prasada Rao, Chairman and Managing Director. Another major initiative that BHEL is trying to accelerate is the setting up of the 500 MW capacity plant to produce silicon wafers. The project entails an investment of around Rs 2,700 crore. BHEL is hoping to get up to 40 per cent project funding from the National Clean Energy Fund. The union project has been cleared by the inter-ministerial group and will be taken up shortly, Prasada Rao told Business Line in a recent interview here. BHEL has been involved in solar energy research and small projects for sometime. There has been slow progress due to various factors related to technology and costs, but now "we are confident of growing big, especially in India, which has many small players", he said. The utility is looking at States which give competitive incentives to take up solar projects and go there in the near future. ref: http://www.thehindubusinessline.com/companies/bhel-to-foray-into-solar-in-big-way/article6241734.ece

Consortium moves court for Tangedco action against BHEL

A consortium, which participated in a tender for setting up the 2X660 MW Ennore SEZ Supercritical Thermal Power Project at Ash Dyke of the North Chennai Thermal Power Station, has sought a direction from the Madras High Court to the Tamil Nadu Generation and Distribution Corporation Limited (Tangedco) to take action on its representations against BHEL’s delayed execution of all pending power projects in the State. The State-owned company had also participated in the tender. The petitioner, CSEPDI-Trishe Consortium comprises Trishe Energy Infrastructure Services Pvt. Ltd. and Central Southern China Electric Power Design Institute, a power engineering, survey and design and general engineering contracting company. The institute, lead partner of the consortium, was one of the largest enterprises for electric power survey and design and general engineering contracting in China. The consortium, represented by its Managing Director, Sanjay K. Pillai, said it participated in the tender. Tangedco should have awarded the contract to one of the two shortlisted bidders, viz., BHEL or the petitioner. The consortium had quoted Rs. 9,207 crore. more at: http://www.thehindu.com/news/national/tamil-nadu/consortium-moves-court-for-tangedco-action-against-bhel/article6239124.ece

BHEL to set up 4000 MW solar power project in Rajasthan

The plant will be set up in two phases over a period of 7 years with Phase I comprising 1,000 MW and the balance 3,000 MW in subsequent phases An Ultra Mega Solar Power Project (UMSPP) with a cumulative capacity of 4,000 MW will be set up in Rajasthan in the Sambhar Salts Limited (SSL) area close to Sambhar Lake, about 75 kms. from Jaipur. Bharat Heavy Electricals Limited (BHEL), Solar Energy Corporation of India (SECI), Sambhar Salts Limited (SSL), Power Grid Corporation of India Limited (POWERGRID), Sutlej JalVidyut Nigam Limited (SJVNL) and Rajasthan Electronics and Instruments Limited (REIL) have signed a Memorandum of Understanding (MoU) earlier this year for formation of a Joint Venture Company (JVC) for setting up of a Ultra Mega Solar Power Project (UMSPP) with a cumulative capacity of 4,000 MW in phases at Sambhar in Rajasthan on build, own and operate basis. The proposed equity participation in the JVC is: BHEL - 26 percent, SECI - 23 percent, SSL - 16 percent, POWERGRID - 16 percent, SJVNL - 16 percent, and REIL - 3 percent. The project set up on land provided by SSL will have equipment supplied by BHEL, power evacuation by POWERGRID, sale of electricity by SECI, O&M by REIL and project management by SJVNL. The plant shall be set up in two phases over a period of seven years with Phase I comprising 1,000 MW and the balance 3,000 MW in subsequent phases. The JVC shall be incorporated as a public limited company under the Companies Act, the JVC, under DHI and will have at its registered office in Delhi/NCR. The solar Power Plant will rely on proven and reliable Crystalline Silicon technology supplemented by refinements in encapsulation hardware and Mounting configuration to surmount the harsh tropical environments. With an estimated plant life of 25 years, the generation potential of the 4,000 MW Solar plant is estimated to be 6400 million units of (Solar) electricity per year. This is expected to reduce the Carbon footprint by over 4 million tons per year. The mega scale project will not only demonstrate the reliability of Solar PV power but also provide further impetus to this clean, cheap and abundant source of power. ref: http://www.ciol.com/ciol/news/217919/bhel-set-4000-mw-solar-power-project-rajasthan

CBI searches seven places in connection with BHEL fraud

The CBI searched seven places associated with officials of Bharat Heavy Engineering Corporation (BHEL) and private vendors today, for allegedly submitting inflated bills causing a loss of Rs 59.8 lakh to the company. "After obtaining search warrant from the Special CBI court, searches were conducted at seven official and residential premises of accused public servants and private persons at Bhopal," a CBI release issued .. more at: http://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/cbi-searches-seven-places-in-connection-with-bhel-fraud/articleshow/38625368.cms

BHEL bags just 21% of target orders in Q1

The lack of fresh orders and a general slowdown in the power sector continues to trouble power equipment maker Bharat Heavy Electricals. The company bagged orders worth just R1,120 crore or 21.2% of the Q1 target. The company is facing a tough time for last two financial years, when both its sales and profits took a big hit. In 2013-14, BHEL for the first time even failed to meet the reduced turnover target of R43,000 crore, ending the year with a figure of R40,366 crore. The Q1 order booking is a fall of 23.6% over the same period last year, when the company bagged orders worth R1,466 crore. As per the heavy industries ministry data, of the R1,120 crore order receipt in Q1, BHEL got more than half of the orders only in June when it bagged contracts worth R631 crore. But the June bookings reflects just 31.9% of the monthly target of R1,979 crore. Bhel is targeting to bag order worth R45,233 crore (including non-power business) in FY15. The April-June period target was R5,286 crore. But going by the initial numbers (of R1,120 crore), achieving the annual target seems remote which may hit company's topline. The main problem comes from the power business, considering that it represents three-fourths of its revenue generation from that segment. The company is set to declare its first quarter results this week. more at: http://www.financialexpress.com/news/bhel-bags-just-21-of-target-orders-in-q1/1269623

Need to chalk out new IT plan: BHEL director

A two-day, IT Heads Meet-2014 that was held at BHEL, Bhopal concluded on Wednesday. R Krishnan, Director (HR), BHEL was present as the chief guest. Rajiv Garg, general manager (in charge), Corporate IT; Sanjeev Gupta, general manager (P&D, IT) and IT heads of various BHEL units along with other officials were present during the programme. Krishnan speaking on this occasion said the role of IT in integrating business processes is of paramount importance facilitating efficient and right decisions to be made for the benefit of the organization. Giving stress on the need to chalk out a new action-plan on IT roadmap Krishnan said that the progress should be monitored periodically. Heads from different units made presentations on major IT projects planned by the respective unit were present at this event. Brainstorming sessions were held on select items arising out of units presentations and action plans to achieve the IT Roadmap on major strategic plan projects were finalized. ref: http://timesofindia.indiatimes.com/city/bhopal/Need-to-chalk-out-new-IT-plan-BHEL-director/articleshow/38116423.cms

Delegation from Ghana visits BHEL plant

Volta River Authority (VRA), a Government of Ghana company deputed a six-member delegation to India to explore BHEL's engineering and manufacturing capabilities in hydro sector. The delegation visited Indira Sagar Hydro Electric Plant and BHEL Bhopal plant recently. Dinesh Kumar, GM/Hydro and S Balakrishnan, GM/EM welcomed the team by presenting bouquets. Brief presentations were held on design aspects & manufacturing capabilities of Hydro Turbine, Hydro Generator, Governing System and System Engineering. The representatives of VRA discussed about the prospects of Hydro business in Ghana, Africa. ref: http://timesofindia.indiatimes.com/city/bhopal/Delegation-from-Ghana-visits-BHEL-plant/articleshow/37999511.cms

BHEL commissions Rajasthan discom's Rs 990 crore thermal unit

BHEL has successfully commissioned another 250 MW thermal unit, valued at Rs 990 crore, at Chhabra plant in Rajasthan. "The unit was commissioned at Rajasthan Rajya Vidyut Utpadan Nigam Limited's 2x250 MW Chhabra Thermal Power Project in Baran District of Rajasthan," BHEL said in a statement. "With the commissioning of this fourth 250 MW unit at Chhabra plant, the capacity of the coal-based project has gone up to 1,000 MW," the statement adding BHEL has commissioned three units of similar rating of the power project. Rajasthan Rajya Vidyut Utpadan Nigam Limited had placed an order valued at nearly Rs 990 crore for setting up two units of 250 MW each as part of the expansion of Chhabra thermal plant. BHEL's scope of work in the contract envisaged design, engineering, manufacture, supply, erection and commissioning of Steam Generators and Steam Turbine Generators and Associated Auxiliaries with and Instrumentation system. The equipment for the project was supplied by BHEL’s Haridwar, Trichy, Ranipet and Bangalore plants, while BHEL’s Power Sector — Northern Region undertook erection and commissioning of the equipment, the statement added. At present, BHEL is executing on Engineering, Procurement and Construction basis a 2x660 MW coal-fired project based on eco-friendly super-critical technology at Suratgarh in Rajasthan. In addition, BHEL is executing the 2x700 MW Rajasthan Atomic Power Project of Nuclear Power Corporation in the desert state. ref: http://www.deccanchronicle.com/140701/business-companies/article/bhel-commissions-rajasthan-discoms-rs-990-crore-thermal-unit

Tamil Nadu Electricity Board blames BHEL for delayed projects

State utilities across the nation blame equipment supplier Bharat Heavy Electricals Limited (BHEL) for delays in the commissioning of power plants. In TN, Tamil Nadu Electricity Board (TNEB) officials say that nine thermal plants that were contracted to BHEL have been delayed by 2.5 to 4.5 years. While other states have pressed for and obtained compensation from BHEL, Tamil Nadu hasn't yet taken that route. But TNEB officials say that they would ask for damages for the delayed North Chennai plants once they are fully functioning. An independent expert says BHEL may owe Tangedco Rs 1,400 crore as contractual fines. BHEL, however, says the firm is not responsible for the delays. "Though there has been some delay on our part, in a majority of the cases, the delay is on the part of the state utility as the infrastructure to erect the boiler or other equipment was often not ready ," said a senior BHEL official. The Neyveli plant of 500 MW takes the cake - if there's one to be had - for delays. Work on the plant started in 2005 and is yet to be completed - largely due to boiler problems. In late 2007, BHEL formed a joint venture with TNEB to construct the Udangudi power plant. Since no work was done, chief minister J Jayalithaa announced that Tangedco would construct the 1,320MW plant as a state-sector project. more at: http://timesofindia.indiatimes.com/city/chennai/Tamil-Nadu-Electricity-Board-blames-BHEL-for-delayed-projects/articleshow/37523987.cms

‘Competition from China is no longer a threat for BHEL’

Bharat Heavy Electricals Ltd (BHEL), India’s State-run power equipment maker, is facing tough times. Though the order book is sound, the slowdown in the power sector and troubles in coal fields have put pressure on the company’s growth curve. At the helm, confronted with many more challenges, is B Prasada Rao. Having steered BHEL for five years, Rao got a rare extension for two more years from January 1, 2014. In an with Business Line, he explained the reasons for the tight situation and steps to bounce back. Your turnover, order book and finances are under strain. What factors have led to these difficult times? Yes, BHEL finds itself in a challenged situation. We crossed a record turnover of ₹50,000 crore during 2012-13. However, in FY-14, there was a dip and we ended up with just over ₹40,000 crore. Our order book, however, is healthy at ₹1.1 lakh crore. more at: http://www.thehindubusinessline.com/companies/competition-from-china-is-no-longer-a-threat-for-bhel/article6160121.ece

BHEL exec director inaugurates digital movie projector at officers’ club

Shashi Ranjan Prasad, Executive Director, BHEL, Bhopal recently inaugurated the latest “Direct Relay Digital Movie projector system” at BHEL Officers` Club. On this occasion Neelima Prasad, President BHEL Ladies’ Club; President, BHEL Officers’ Club & General Manager (MM) Kishore Purswani, General Manager (HR) S Chaturvedi, all GMs and other senior dignitaries were present. The direct relay digital system for movie projection has been brought in place of the earlier reel-based system. The inauguration of the system was followed by the screening of ‘HOLIDAY’ movie at the club. The first show after the installation of the new system was attended by a huge enthusiastic gathering of club members. more at: http://freepressjournal.in/bhel-exec-director-inaugurates-digital-movie-projector-at-officers-club/

BHEL plans collaboration with IITs to ramp up R&D activities

Bharat Heavy Electricals Limited (BHEL) is eyeing for collaborations with leading Indian Institutes of Technology (IITs) to further scale up its research and development (R&D) efforts. Aimed at exploring potential collaborative areas for new technology and product development, BHEL recently organised an industry-academia meet at its corporate research & development (R&D) division at Hyderabad. Leading academicians from IITs at Kanpur, Delhi, Mumbai, Kharagpur, Roorkee, Guwahati, Bangalore, Hyderabad, Patna, Jodhpur, Bhubhaneswar and the Indian Institute of Science (IISc) participated in the meet and presented their areas of strength, possible synergy, nature of on-going research activities and relevance to BHEL. B Prasada Rao, CMD, BHEL stressed that the company's products have market dimensions with a focus on customer requirements and that R&D projects should align with market needs. BHEL offers around 180 products and there is a need to dovetail R&D activity with marketing efforts. He also mentioned that the country should have protection from cheap imports of inefficient finished goods and we must be able to produce technologically advanced and economically viable products. more at: http://www.business-standard.com/content/b2b-manufacturing-industry/bhel-plans-collaboration-with-iits-to-ramp-up-r-d-activities-114062300260_1.html

BHEL, BHEL-GE joint venture revamp gas turbine for Delhi's Pragati Power Corporation

BHEL and BHEL-GE joint venture have together revamped the 104 MW Gas Turbine Generator of the Pragati Power Corporation, which will help in easing the electricity situation in the capital. "The job was awarded to BHEL and BHEL-GE Gas Turbine Services Pvt Limited (BGGTS) for the Generator and Gas Turbine respectively for this combined cycle plant at Pragati," BHEL said in a statement. BHEL-GE Gas Turbine Services Pvt Limited (BGGTS) is a Joint Venture company promoted by BHE .. Read more at: http://economictimes.indiatimes.com/articleshow/36829187.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst more at: http://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/bhel-bhel-ge-joint-venture-revamp-gas-turbine-for-delhis-pragati-power-corporation/articleshow/36829187.cms

BHEL commissions hydel unit at Himachal Pradesh

BHEL on Friday commissioned 68 MW unit at the Rampur Hydro Electric Project in Himachal Pradesh. “With the commissioning of one more hydro generating unit of 68 MW at Rampur project, BHEL has commissioned four units of the 412 MW hydro power plant of SJVN Limited,” BHEL said in a statement. The first three units of the Rampur project, which were commissioned earlier by BHEL in March, have been put into commercial operation in May. The remaining two sets are also at an advanced stage of execution and are likely to be commissioned by BHEL shortly, the company said in a statement. Rampur hydel project is located on River Satluj in Himachal Pradesh -- 120 km from Shimla. BHEL’s scope of work in the project includes supply, erection and commissioning of turbines, generators, control and monitoring system (SCADA), associated station auxiliaries, Gas Insulated Switchgear (GIS) and other electrical and mechanical equipment. BHEL is presently executing hydro power projects of around 5,000 MW which are under various stages of implementation. It has enhanced its manufacturing capacity to 20,000 MW per annum. more at: http://www.thehindu.com/business/Industry/bhel-commissions-hydel-unit-at-himachal-pradesh/article6111134.ece

Geete asks BHEL to explore entering power generation business

Minister for Heavy Industries and Public Enterprises Anant Geete has asked the state-run power gear maker BHEL to venture into electricity generation business. Geete, who visited the company's corporate office here, suggested that BHEL explore the possibility of entering the area of power generation, an official statement by BHEL said. BHEL chief B P Rao said: "The company has already made an entry into the area by setting up joint ventures with some state Gencos (generation companies)." The company officials briefed the minister about the company's performance trends, diversification plans, manufacturing and R&D (research and development) capability by the company officials. ref: http://www.business-standard.com/article/companies/geete-asks-bhel-to-explore-entering-power-generation-business-114061000971_1.html

BHEL stops work at AP power station after Rs. 240 crore fine

Bharat Heavy Electricals Ltd (BHEL) has ordered stoppage of work at the 2x800 MW Damodaram Sanjeevaiah Thermal Power Station in Krishnapatnam, Andhra Pradesh. The move comes in the wake of the company being reportedly singled out for project delays and levied a fine of ₹240 crore for liquidated damages (LD), which Andhra Pradesh Power Development Corporation Ltd (APPDCL) has deducted. According to sources, BHEL pointed out that though APPDCL was aware of the shortcomings of the other contractors on site, the LD was deducted unilaterally, without assessing reasons for the delay. APPDCL’s move is against the terms and conditions and the spirit of the contract. ref: http://www.thehindubusinessline.com/companies/bhel-stops-work-at-ap-power-station-after-240-crore-fine/article6090058.ece

Bhel signs pact with Indonesian firm to set up power plant

Bhel today said it has signed an initial agreement with PT Star Vyobros, Indonesia for setting up a 200 MW coal fired plant in the island nation. It has signed an MoU with PT Star Vyobros, Indonesia for setting up a 200 MW coal fired power plant in Sulawesi region in Indonesia, Bhel said in a statement. Financial details of the pact were not divulged by the company. The MoU was signed in a ceremony held in Jakarta, Indonesia by P K Uppal Executive Director, (International Operations) Bhel and Edi Yosfi, President Director, PT Star Vyobros. more at: http://www.business-standard.com/article/companies/bhel-signs-pact-with-indonesian-firm-to-set-up-power-plant-114051900372_1.html

Maharashtra cabinet approves Rs 2,731-crore BHEL project in Bhandara

In a move which will encourage medium scale industries in backward regions of Vidarbha, the Maharashtra cabinet today approved the Rs 2,731-crore BHELBSE 0.81 % project in Bhandara district to produce solar photo voltaic cells providing employment to 3,000 people. The company will produce 240 mw solar photo voltaic cells and 100 mw photo voltaic modules at its plant in Sakoli in Bhandara district. This will be the Central government's first project in Vidarbha and it can av .. More at: http://economictimes.indiatimes.com/industry/energy/power/maharashtra-cabinet-approves-rs-2731-crore-bhel-project-in-bhandara/articleshow/34790785.cms

BHEL to set up solar power plant in Yemen

Bharat Heavy Electricals Ltd. (BHEL) has signed an agreement with Yemen’s Ministry of Electricity and Energy for setting up solar photovoltaic (PV)-based power plants at different locations in the Gulf nation. The agreement was signed by BHEL Chairman and Managing Director B. Prasada Rao and Yemen’s Minister of Electricity and Energy Saleh Hassan Sumie. The move will help India’s flagship power equipment company to further consolidate its position in the overseas market. BHEL is presently executing a 400-MW gas turbine-based power plant, Marib Phase-II, in Yemen. Setting up solar PV plants in Yemen is a step in reinforcing BHEL’s commitment to providing green power solutions, a company statement said. ref: http://www.thehindu.com/business/Industry/bhel-to-set-up-solar-power-plant-in-yemen/article5963027.ece

Double whammy for BHEL: Project delays, fall in order inflow a worry !

It is a double whammy for India's largest power equipment manufacturer Bharat HeavyBSE 2.37 % Electrical (BHEL). The company's FY14 revenue growth has dipped after several clients delayed execution. That is not at all. Order inflows, too, have tripped due to paucity of domestic orders for new power plants. According to provisional results released to stock exchanges, order inflow growth slid by 12 per cent on a year-on-year basis to Rs 21,800 crore at the end of FY14. Order inflows hav .. More at: http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/double-whammy-for-bhel-project-delays-fall-in-order-inflow-a-worry/articleshow/33527435.cms

BHEL annual profit slides to Rs 3,228 crore

Bharat Heavy Electricals Ltd's net profit more than halved to Rs 3,228 crore in the previous financial year on account of low volumes and challenges in the domestic power sector. The power equipment major had posted a net profit of Rs 6,615 crore in 2012-13, BHEL said on Saturday. The state-owned major's turnover declined to Rs 40,366 crore from Rs 50,156 crore in 2012-13, as per a regulatory filing on its provisional earnings for the year ended March 31, 2014. ref: http://timesofindia.indiatimes.com/business/india-business/BHEL-annual-profit-slides-to-Rs-3228-crore/articleshow/33294086.cms

Bhel wins Rs 125 cr order for hydro power project in U'khand

State-owned power equipment maker Bhel has secured Rs 125 crore contract for setting up a 120 MW Hydro Electric Project in Uttarakhand. "Valued at Rs 125 crore, the order for setting up of hydro generating sets and associated electro-mechanical works for the 120 MW Vyasi project has been placed on Bhel by Uttarakhand Jal Vidyut Nigam Ltd," Bhel said in a statement. Located in Dehradun district, the Vyasi power project is a run-of-the-river scheme on the Yamuna. Bhel said the contract envisages design, manufacture, supply, installation and commissioning of hydro generating sets and associated electro mechanical works. While the hydro generating sets will be supplied by Bhel's Bhopal unit, the transformers and Control & Monitoring system will be supplied by the Jhansi unit and Electronics Division, Bangalore respectively. ref: http://www.business-standard.com/article/pti-stories/bhel-wins-rs-125-cr-order-for-hydro-power-project-in-u-khand-114033100331_1.html

BHEL bags Rs 3,000 crore order from NTPC

Bharat Heavy Electricals LtdBSE 3.29 % (BHEL) has bagged an order worth nearly Rs 3,000 crore for supply of steam generators for an upcoming power project in Odisha. The state-owned heavy electricals major has received the order from the country's largest power producer NTPCBSE 0.48 % for supply of 2x800 MW steam generators (boilers) with super critical parameters for the project at Darlipali in Odisha. In a statement issued today, BHELBSE 3.29 % said the contract, valued at .. Ref: http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/engineering/bhel-bags-rs-3000-crore-order-from-ntpc/articleshow/32598335.cms

BHEL enters solar wafer business with indigenous tech, Rs 3,000-crore plant

BHEL is looking at expanding its limited footprint in the renewable energy sector by getting into the manufacture of solar wafers. The public sector power equipment major’s initiative marks a welcome start to the country as a whole, since there is no domestic production yet of this key component of solar photovoltaic cells. “We have taken board approval to manufacture solar wafers and are looking at viability gap funding support from the clean energy fund,” BHEL chairman and managing director B Prasada Rao told FE. A plant in Maharashtra’s Sakoli will start manufacturing the solar wafers, apart from photovoltaic cells, modules and solar panels. The company is investing R3,000 crore in the venture. BHEL will use indigenous technology to make the wafers cut from crystalline silicon ingots. This will help reduce the cost of photovoltaic cells, giving a boost to the clean energy segment. The cost of putting up solar power projects is around R8-10 crore per megawatt. Tariff for electricity produced from this route could be R7-8 per unit. more at: http://www.financialexpress.com/news/bhel-enters-solar-wafer-business-with-indigenous-tech-rs-3000crore-plant/1233844

BHEL gets award for e-governance efforts

BHOPAL: BHEL, Bhopal has been declared as one of the winners for Excellence Award in e-governance initiatives in Madhya Pradesh for 2012-13. BHEL won in the category - "the best application following best-practices of software development," for the project "online recruitment system," developed by Informatics Centre (IFX) department, BHEL, Bhopal. The award was presented by chief minister Shivraj Singh Chouhan to BHEL Bhopal executive director (ED) S R Prasad and general manager (P and D, IT) Sanjeev Gupta in the presence of IT minister Bhupendra Singh and chief secretary Anthony JC Desa. The award was presented at a glittering function organized by department of IT and Madhya Pradesh Agency for Promotion of Information Technology ( MAPIT), at Bhopal on Tuesday. The first prize comprised a cash award of Rs 1 lakh and a memento and certificate. ref: http://timesofindia.indiatimes.com/BHEL-gets-award-for-e-governance-efforts/articleshow/31452979.cms?

Government sells 4.66% stake in BHEL to LIC

Life Insurance Corporation of India (LIC) on Monday bought a 4.66 per cent stake in Bharat Heavy Electricals Ltd from the government of India in a block deal totalling Rs 18.89 billion, BSE Ltd data shows. LIC bought 114.1 million shares of BHEL at Rs 165.55 each. With the block deal, the government's stake in the capital goods maker has come down to 63.05 per cent. ref: http://economictimes.indiatimes.com/markets/stocks/market-news/government-sells-4-66-stake-in-bhel-to-lic/articleshow/31383273.cms

BHEL bags Rs 7,900 cr order related to 1,980 MW thermal power project.

State-owned power equipment maker Bhel has bagged a contract worth Rs 7,900 crore related to 1,980 MW thermal power project in Jharkhand. The contract, won through international competitive bidding, is for NTPC's 1,980 MW North Karanpura super thermal power project. The plant will have three units, each having a generation capacity of 660 MW. The EPC (Engineering Procurement and Construction) order is valued at Rs 7,900 crore, Bhel said in a statement today. more at: http://economictimes.indiatimes.com/news/news-by-industry/energy/power/bhel-bags-rs-7900-cr-order-related-to-1980-mw-thermal-power-project/articleshow/31273972.cms

BHEL distributes free kits for haemophiliac children

The industry sector of the Bharat Heavy Electricals Limited, New Delhi, in association with The Haemophilia Federation (India), Tiruchi chapter, distributed free medical kits containing anti-haemophilic factors (AHFs) to seven haemophiliac children hailing from poor families here recently. Haemophilia, a genetic bleeding disorder because of lack or deficiency of essential blood clotting factors, results in severe bleeding even for minor wounds. The standard method of treatment was through injection of factors that arrest bleeding. M. Palanivel, general manager, Human Resource, BHEL Tiruchi, distributed the medical kits to the beneficiaries. Tara Sundararajan, president, Haemophilia Society, Tiruchi Chapter, and other office-bearers of the society were present. K. Mohan, Additional General Manager, Industry Sector, BHEL, New Delhi, said BHEL had taken up a pan-India corporate social responsibility project christened “Heal-A-Soul” and distributed kits with AHFs to 230 persons so far. ref: http://www.thehindu.com/news/cities/Tiruchirapalli/bhel-distributes-free-kits-for-haemophiliac-children/article5728823.ece

Bhel wins Rs 321 crore order for Hydro Electric Project in Punjab

State-owned Bhel today said it has securing a contract for setting up 206 MW hydro electric power project in Punjab. "Valued at Rs 321 crore, the order for setting up of hydro generating sets and associated Electro-Mechanical works for the 206 MW Shahpurkandi project has been placed on Bhel by Punjab State Power Corporation Ltd," Bhel said in a statement. The bids were invited by PSPCL through international e-tendering process. more at: http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/engineering/bhel-wins-rs-321-crore-order-for-hydro-electric-project-in-punjab/articleshow/31040304.cms

LIC likely to pick 5 per cent stake in BHEL

The country's largest insurer, Life Insurance Corporation (LIC), may pick up 5 per cent stake in state-run power equipment maker BHELBSE 0.72 % in a block deal. The proposal initiated by the heavy industries & public enterprises ministry is now being processed by the disinvestment and financial services department of the finance ministry. The ministry has been opposed to stock market sale of BHEL's share by the government under its disinvestment programme that has been drastically pruned to Rs19,027 crore from Rs54,000 crore budgeted initially. ref: http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/lic-likely-to-pick-5-per-cent-stake-in-bhel/articleshow/31009307.cms

BHEL's health camp in Amjhara village benefits 450 villagers

BHEL, as a part of its corporate social responsibility (CSR) activity, organized a medical awareness camp at Govt Primary School, Amjhara village recently. About 450 villagers, including students were examined during the camp. Many villagers were diagnosed with low blood count and skin diseases, and offered treatment. Free medicines were distributed. During the camp, nurses from Kasturba Nursing College also visited each household, educating villagers about the benefits of hygiene. The camp was held under the guidance of Dr D Barat and his team from Kasturba Hospital BHEL, Bhopal. B K Singh, additional general manager, town administration, Vinay Kumar, senior deputy general manager town administration, N K Choudhary, Samapada Adhikari, B R Bansod, DGM town administration, Shashikant Badapally, senior manager, TCL and other senior officials were present ref: http://timesofindia.indiatimes.com/city/bhopal/BHELs-health-camp-in-Amjhara-village-benefits-450-villagers/articleshow/30833692.cms

CAG pulls up Bhel for delays in capacity addition

The government auditor Comptroller and Auditor General (CAG) on Monday pulled up state-owned Bharat Heavy Electricals Ltd (Bhel) for delays in augmenting the equipment manufacturing capacity, needed for supporting the expansion of power sector. “While CEA (Central Electricity Authority) identified power generation capacity addition requirements of 67,439 MW (megawatt) for XIth Plan period (2007-12) in the country in November 2003 itself, Bhel completed the first phase of its capacity addition programme in March 2011,” CAG said in its report tabled in Parliament. Thus, the manufacturing capacity expansion, which was required to be planned and completed in the initial years of the XIth Plan was declared to have been completed by Bhel only towards the end of the Plan, it said. “Implementation of the capacity expansion programmes for the XI and XIIth Plans disclosed delays between seven months and 62 months in 17 selected schemes out of 22 schemes approved in 2007-12,” CAG said in the report. In addition to some uncontrollable factors, it said, delays due to reasons like non-fixation of targets for vendors to erect and commission machines, replacement of damaged equipment and delays in pre-ordering activities could have been minimised through improvements in market research, planning and monitoring. “Existing installed manufacturing capacity for turbines, generators and boilers during 2007-11 remained largely under utilised,” the report added. There was considerable scope for improved utilization. Though capacity utilization picked up during 2011-12, there is a need to maintain and further improve it in order to achieve the benefits of ongoing capacity augmentation. Further, audit observed delay in delivery of equipments ranging between 7 and 68 months in 126 out of 151 sets delivered by Bhel to its customers during 2007-12. CAG audit report examined the adequacy and results of efforts of Bhel from conceptualisation to execution of manufacturing capacity expansion and its utilisation during 2007-12. ref: http://www.livemint.com/Companies/hf8gYIgeRQUAxCabgBtekK/CAG-pulls-up-Bhel-for-delays-in-capacity-addition.html

BHEL's special school marks annual day

The 37th annual day of Arivalayam, the school and rehabilitation centre for special children, was celebrated here. Officials of BHEL (Trichy), which runs the centre, and district collector Jayashree Muralidharan participated in the event held on Friday. Cultural programmes were staged to mark the occasion. The school, which was started with just seven special children 36 years ago at the base of Thiruvanaikoil, has grown into a multi-faceted institution with the generous support of the PSU giant. School principal B Shakti, 52, who has been serving the institution for 27 years, told TOI that "The selfless love of the children is what keeps us going." Around 1,850 BHEL staff contribute Rs 1.60 lakh a month to the school kitty, thus making possible wholesome education to children with special needs. Unlike other students, these special children are full of innocent love, said A V George, AGM communications and public relations. ref: http://timesofindia.indiatimes.com/city/trichy/BHELs-special-school-marks-annual-day/articleshow/30486799.cms

Two-day training workshop MV Switchgear'

A two-day customer training workshop on 'MV Switchgear' was held at Human Resource Development Centre- BHEL. Neelam Bhogal, additional general manager, Switchgear Engineering and Sanjeev Kumar Kak, additional general manager, SCS inaugurated the programme. Bhogal said BHEL is bringing in all new technologies in the area of designing. "Participants should try to gain as much input possible from the training to use the knowledge in designing of switchgears." Earlier, I Soreng, senior deputy general manager (Sr DGM) HRDC welcomed the participants. ref: http://timesofindia.indiatimes.com/city/bhopal/BHELTwo-day-training-workshop-MV-Switchgear/articleshow/30419861.cms

BHEL bags Rs1,000-cr order from J&K

BHEL Ltd said it has bagged an order for manufacturing 250 megawatt machines for the Pakaldul Hydro Power Project of Chenab Valley Power Corp in Jammu and Kashmir. BHEL is the engineering, procurement and construction contractor for the project. “The order has been received for ₹1,000 crore, out of which ₹700 crore is to be delivered by BHEL, Bhopal,” an official statement said. The project will be completed within five years, the company said. BHEL will be supplying four 250 MW Francis Turbine Generators. ref: http://www.thehindubusinessline.com/companies/bhel-bags-1000cr-order-from-jk/article5685739.ece

BHEL Bhopal gets Rs 700 crore order

BHEL bagged orders worth Rs 1,000 crore for manufacture of power equipments for Pakaldul Hydro Power Project of Chenab Valley Power Corporation Limited located in Jammu & Kashmir. BHEL Of this order Bhopal unit will be manufacturing and supplying equipment worth Rs 700 crore/ BHEL bagged order at competitive biddings that included global majors Samsung, Alstom among others. BHEL will for the first time be manufacturing 250MW generators. Company will supply 4X250MW Francis Turbine Generators with 400 meter net head and speed of 300 RPM according to an official statement. The project will be completed within a span of five years. The model for the project will be prepared in six months' time and thereafter tested in presence of the customer, said an official release. ref : http://timesofindia.indiatimes.com/city/bhopal/BHEL-Bhopal-gets-Rs-700-crore-order/articleshow/30215380.cms

Bhel may have to write off bad orders

Bharat Heavy Electricals Ltd (Bhel) runs the risk of having to write off part of the Rs.39,000 crore that clients owe the state-controlled power equipment maker in overdue payments, heavy industries secretary Sutanu Behuria said. Around half of the outstanding dues as on 30 June will be paid to Bhel only after the company meets specific milestones related to a project. The department of heavy industries is the nodal ministry for maker of power generation equipment. Bhel’s unrecoverable dues may be declared as bad orders. “As per audit rules, they (Bhel) have to,” Behuria said in an interview on 21 January. “Some might become NPAs (non-performing assets).” Bhel has a manufacturing capacity of 20,000 megawatts (MW) a year and orders worth Rs.1.08 trillion. “We will precipitate actions through their banks,” another officer of the department said, requesting anonymity. “Those projects, which may not get to see the light of the day may be declared as bad orders.” more at : http://www.livemint.com/Companies/viGyYDYGnOdsIyPV5cgotJ/Bhel-may-have-to-write-off-bad-orders.html

BHEL, 5 PSUs to set up 4,000 MW solar plant in Rajasthan

In a first of its kind venture, six public sector undertakings (PSUs) including state-run Bharat Heavy Electricals Limited (BHEL) and Power Grid Corporation of India Limited (PGCIL) on Wednesday announced joining hands to set up world’s largest 4,000 MW ultra mega solar power project in Rajasthan. "The MoU signed today will be put up for Cabinet approval and then things will move forward at a fast pace. The land is already there and the basic infrastructure like roads is also available at the site. We hope to get cracking on the project after the approval," Minister of Heavy Industries and Public Enterprises Praful Patel said at the pact signing ceremony in New Delhi. Also present on the occasion was the New and Renewable Energy Minister, Farooq Abdullah who termed it as a giant step towards unleashing a revolution for achieving bigger goals in solar energy. According to BEHL chairman and managing director, B.P. Rao, in the first phase of the project, 1000 MW would be made operational. The project will be the largest single location solar plant spread across 19,000 acres at Sambhar in Rajasthan. It entails an investment of Rs. 7,500 crore in the first phase. A special purpose vehicles (SPV) in shape of a joint venture company would be set up for the project. more at: http://www.thehindu.com/business/Industry/bhel-5-psus-to-set-up-4000-mw-solar-plant-in-rajasthan/article5630430.ece

No recruitment until growth is back: BHEL

With orders for power equipment drying up in the wake of the current economic slowdown, state-run capital goods company Bharat Heavy Electricals Ltd (BHEL) has suspended its plan for fresh recruitments. “We have suspended recruitments because of the market situation,” BHEL Chairman B Prasada Rao told Business Line. The company recruited about 20,000 people in the last four-five years across all categories, including specialists and entry-level employees. As on March 31, 2013, the company had over 48,000 employees. Asked about the plan for manpower recruitment during the current and next fiscals, Rao said it will be bare ‘minimum’ and that, too, only to fill in the vacancies. rfd: http://www.thehindubusinessline.com/companies/no-recruitment-until-growth-is-back-bhel/article5627644.ece

Solar Plant in BHEL to be Commissioned in 2 Months

The 5 MW solar power plant being set up at the Boiler Auxiliary Plant (BAP), attached to the BHEL, at Ranipet, would be commissioned in the next two months, executive director of the plant Veeraraghavan said. He said this while addressing a gathering on Republic Day on Sunday. Veeraraghavan said that the BHEL at Ranipet had commissioned the first ammonia gas conditioning System at TISCO, Jojobera, in collaboration with Heavy Water Board (HWB), Mumbai. In association with the Bhabha Atomic Research Centre (BARC), the BAP developed a brand new technology for simultaneous extraction of polluting sulphur oxide and nitrous oxide from boiler flue gas. This technology was unveiled by the President of India on 15 November, 2013, he added. The official noted that five Quality Circles of BHEL Ranipet had won gold medals in quality conventions held in Madurai, Chennai and Kolkata between September 2013 and December 2013. Further, he said, 365 employees of the plant had registered as eye donors in an eye donation camp held by the BAP. The BAP had also bagged an order for supply of a 4000- cubic metre Water Treatment Plant from OPAL, Dahej. This was the largest capacity pre-treatment system order that BHEL Ranipet had bagged so far, he said. more at: http://www.newindianexpress.com/states/tamil_nadu/Solar-Plant-in-BHEL-to-be-Commissioned-in-2-Months/2014/01/28/article2023965.ece

Apr-Dec order flows at BHEL hit just a fifth of FY14 target

Bharat Heavy Electricals (BHEL) continues to be bogged down by the dismal flow of new orders and the resultant drop in the orders at hand, a preview of its yet-to-be-released December quarter figures by FE show. The company is facing the grim prospect of not meeting even its internally downwardly revised turnover target of Rs 43,000 crore for 2013-14. Persisting with the trend since 2011-12, the capital goods manufacturer booked fresh orders worth just R7,197 crore in October-December 2013, or 47% of the quarter's R13,696-crore target. This means that including R4,470 crore of orders received in the first half, BHEL could manage to get fresh orders of just R11,667 crore in April-December. That was just 21% of the target of Rs 54,714 crore for all of 2013-14. BHEL’s new orders stood at Rs 60,507 crore in 2010-11. more at: http://www.financialexpress.com/news/aprdec-order-flows-at-bhel-hit-just-a-fifth-of-fy14-target/1219503

Govt may sell 5% in Bhel to other PSUs to raise Rs 2,100 cr

The government plans to sell 5% stake in electrical equipment major BHEL next month through a block deal to state-owned financial institutions and PSUs to raise close to Rs 2,100 crore. The move follows a decision by an empowered group of ministers last week, clearing sale of 10% stake in Indian Oil Corporation through a block deal to Oil India and ONGC, with an aim of garnering close to R5,000 crore. With these block deals, which would strengthen the practice of cross-holdings amongst the largest PSUs, and R20,000 crore that Coal India is set to hand out to it by way of a special dividend and dividend distribution tax, the government intends to reduce the shortfall in its receipts and fulfill the promise of reducing fiscal deficit to 4.8% of the GDP. “The disinvestment programme for BHEL is on and the stake sale may happen in the first half of February, so that the process is completed before the election code of conduct comes into play. more at: http://www.financialexpress.com/news/govt-may-sell-5-in-bhel-to-other-psus-to-raise-rs-2100-cr/1219133

BHEL completes transmission link six months ahead of schedule

In a major milestone that will give a big boost to the Southern Grid and availability of power in the Southern region, state-run Bharat Heavy Electricals Limited (BHEL) on Monday announced that it had successfully synchronised and commissioning the 765/400kV substation at Raichur in Karnataka, a part of the transmission link of Power Grid Corporation of India Limited (PGCIL) built Southern end of the 765 kV Raichur-Sholapur link. With the commissioning of the 765kV Raichur-Sholapur transmission link, the Southern Grid has been now harmonised with the North-East-West Grid thus fulfilling the ambition of one nation one grid one frequency. BHEL constructed project includes design, engineering, manufacturing, supply, erection, testing and commissioning of the 765/400 kV sub-station package at Raichur. The completion of the project will now allow import of electricity from other regions to the Southern region during peak demand as well as export of surplus power from the Southern region during off-peak demand. ``BHEL is proud to have been associated with the execution of this historic transmission link. BHEL has always been committed to the nation’s power transmission programme and this achievement reaffirms its commitment to the growth of the transmission sector,’’ a BHEL spokesperson said in a statement in New Delhi. ref: http://www.thehindu.com/news/national/bhel-completes-power-transmission-substation-at-raichur/article5544757.ece

Banks, cash-rich PSUs keen to buy Govt stake in BHEL

Public sector banks and cash-rich Government-owned companies are keen to pick up a stake in Bharat Heavy Electricals Ltd (BHEL). This will help the Government in its disinvestment programme. The Finance Ministry has written to the Heavy Industries Ministry seeking its views on selling BHEL’s shares to other Central Public Sector Enterprises (CPSEs). The Government aims to sell 5 per cent of the shares of the power generation equipment maker. “After the Finance Ministry’s letter last week, BHEL has been asked to consult with market intermediaries. Accordingly, we will revert to the Finance Ministry about the plan for selling stakes to different entities,” a senior Heavy Industries Ministry official told Business Line. The ‘Maharatna’ tag has prompted many banks and cash-rich companies to show interest in BHEL. Selling shares to institutions will help in two ways. First, the Government will get the money it is aiming for, and second, BHEL’s already-subdued shares will not be affected. ref: http://www.thehindubusinessline.com/companies/banks-cashrich-psus-keen-to-buy-govt-stake-in-bhel/article5538947.ece

Kusumjit Sidhu resigns from BHEL board

Bharat Heavy Electricals Ltd (BHEL) today said Kusumjit Sidhu has resigned from its board of directors. Sidhu's resignation from the board is effective from January 1. "... Consequent upon relinquishing charge of AS & FA, DIPP (Department of Industrial Policy and Promotion) to assume the charge of Secretary, Department of Public Enterprises, Kusumjit Sidhu has resigned from the position of part-time official director," the company said in a regulatory filing. ref: http://www.business-standard.com/article/pti-stories/kusumjit-sidhu-resigns-from-bhel-board-114010201011_1.html