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