BHEL bags 80 mw photovoltaic power plants

Bharat Heavy Electricals LtdBSE -2.34 % (BHEL) has bagged orders for setting up 80 mw of solar photovoltaic power plants on engineering, procurement and construction basis. The orders, valued at Rs 437 crore, have been placed by Neyveli Lignite Corporation LTdBSE -0.13 % (NLC) and Bharat Electronics LtdBSE 1.25 % (BEL). The solar photovoltaic plants are to be set up at Neyveli, Tamilnadu (65 mw), for NLC, and at the premises of Ordnance Factory Medak, Telangana (15 mw), for BEL. With these orders, BHEL's solar portfolio now stands at 300 mw. ref: http://economictimes.indiatimes.com/industry/energy/power/bhel-bags-80-mw-photovoltaic-power-plants/articleshow/53448451.cms

NHPC signs pact with BHEL for hydro power projects overseas

NHPCtoday said it has entered into a pact with Bharat Heavy ElectricalsBSE 0.86 % Ltd (BHEL) for undertaking hydro power projects in overseas markets. "NHPC has signed a Memorandum of Understanding (MOU) on July 21, 2016 with Bharat Heavy Electricals Limited (BHEL)," NHPC said in a filing to BSE. As per the MOU, NHPC and BHEL will look after the civil and electro mechanical packages respectively. ref: http://economictimes.indiatimes.com/industry/energy/power/nhpc-signs-pact-with-bhel-for-hydro-power-projects-overseas/articleshow/53325169.cms

BHEL commissions 40 mw hydro power unit in West Bengal

BHEL today said it has commissioned third unit of the 4x40 mw Teesta Low Dam hydroelectric project stage-IV in West Bengal. The final unit of the project is also in advanced stages of execution, Bharat Heavy Electricals LtdBSE 3.41 % (BHEL) said in a filing to BSE. A run-of-the-river greenfield project located in Darjeeling district on Teesta river, it is being set up by NHPCBSE 0.40 % (National Hydroelectric Power Corporation). Power generation from project will result in reduction of green-house gas emissions and will help in achieving a low carbon development path for the state as well as the nation, the statement said. The order for electrical and mechanical (E&M) works for four units of 40 mw each was placed on BHEL by NHPC. BHEL's scope of work in the project comprised design, manufacture, supply, installation and commissioning of complete E&M works, including vertical shaft kaplan turbines and matching generators. http://economictimes.indiatimes.com/industry/energy/power/bhel-commissions-40-mw-hydro-power-unit-in-west-bengal/articleshow/53298921.cms

Financial Crises in BHEL

On 7th April 2016, Bharat Heavy Electricals Limited (BHEL) reported Net Loss of Rs. 877 Crore for the financial year 2015-16 as per the then tentative/provisional Flash results. Subsequently on 27th May 2016, BHEL reported Net Loss of Rs. 913 Crore after Statutory Audit of the Company for the financial year 2015-16. The performance of BHEL during the year 2015-16 was impacted mainly due to continued subdued business environment, resulting in reduced level of operations and non-lifting of hold in many of the stranded projects of various customers in which the Company is engaged as a contractor/ supplier. Government issues advisories/ suggestions which may be policy related or specific issue related as and when required depending on the nature of the case and exigency. As a result of this, BHEL has pursued initiatives in diversification, eyeing new business opportunities emerging in defence, railways, water, solar and also in the conventional power sector. The Government has also appointed 2 Directors [Government Nominees] on the Board of BHEL who actively contribute in overseeing the Companys strategic direction, reviewing and monitoring corporate performance, ensuring regulatory compliance and Corporate Governance, and safeguarding the interests of the shareholders. Also, 5 Independent Directors having vast experience in the focus areas of BHEL, have been inducted in the Board of the company. Further, the performance of BHEL is reviewed by Department of Heavy Industry (DHI) on a regular basis. DHI also assists the Company in the achievement of growth plan through policy initiatives, suitable inter-ministerial interventions, and taking up specific issues from time to time. This information was given by Minister of State In the Ministry of Heavy Industries and Public Enterprises Shri Babul Supriyo in reply to a written question in the Lok Sabha today. ref: http://www.business-standard.com/article/government-press-release/financial-crises-in-bhel-116071900788_1.html

BHEL surges over 6 per cent on bagging new power plant deal

Bharat Heavy Electricals Limited (BHEL) share price surged over 6 per cent after Bangladesh-India Friendship Power Company (Pvt) Limited (BIFPCL), the joint venture enterprise inked the deal with the state-owned power equipment maker. ref: http://www.financialexpress.com/markets/indian-markets/bhel-surges-6-per-cent-bagging-new-power-plant-deal/315139/