Saturday, September 24, 2016

BHEL units get safety awards

Three units of BHEL, Tiruchi, have bagged National Safety Awards and 12 of its employees have won Vishwakarma Rashtriya Puraskars for 2014. The awards were presented by Union Minister of State for Labour and Employment Bandaru Dattatreya at a function held in New Delhi recently. Atul Sobti, Chairman and Managing Director, BHEL, Subrata Biswas, Director, Engineering, Research and Development, BHEL, and R. Rajamanohar, General Manager (in charge), BHEL-Tiruchi complex, received the safety awards. The Energy Systems Group (ESG) complex of Tiruchi BHEL has been adjudged winner for the longest accident-free period and lowest average frequency rate in the 0.1 to 0.25 million manhours category and the Welding Research Institute (WRI) has been adjudged runner-up for longest accident-free period in the same category. The Seamless Steel Tube Plant (SSTP) has won the award for the lowest average frequency rate in the over one million manhours category, according to a BHEL press release. Besides, a team of employees comprising Magu Manchala Yaragorla, Artisan III; T. Vijayakumar, Artisan III; E.Vinoth Kumar, Artisan II; and T.Guna Sekaran, Artisan II of Unit II of High Pressure Boiler Plant, were jointly awarded Vishwakarma Rashtriya Puraskar Class-A Award. M.Balamurugan, Artisan II; B. Akbar Ali, Artisan II; M. Eswaran, Artisan II; and A. Gangeswaran, Artisan II of Valves Production were jointly awarded Vishwakarma Rashtriya Puraskar Class B Award. V. Narayananasari, General Technician; L. Siva, Artisan II; S. Kannan, Artisan II; and E. Ramachandran, Artisan III of Welding Research Institute have jointly bagged Vishwakarma Rashtriya Puraskar Class-C Award. The Vishwakarma Rashtriya Puraskars are given in recognition of suggestions leading to outstanding achievement or good performance on the part of workers towards increasing productivity, quality, safety, working conditions and import substitution, the release added. ref: http://www.thehindu.com/news/cities/Tiruchirapalli/bhel-units-get-safety-awards/article9146354.ece

Wednesday, September 14, 2016

Bhel gains after winning contract from NHPC

Bharat Heavy Electricals rose 0.34% to Rs 148 at 10:20 IST on BSE after NHPC awarded a contract worth Rs 132.74 crore to the company. The announcement was made by NHPC after market hours on Monday, 12 September 2016. Stock market remained closed yesterday, 13 September 2016 on account of holiday. Shares of NHPC rose 2.15% to Rs 26.15. Meanwhile, the S&P BSE Sensex was down 34.65 points or 0.12% at 28,311.15. On BSE, so far 2.05 lakh shares were traded in the Bharat Heavy Electricals' counter as against average daily volume of 9.98 lakh shares in the past one quarter. The stock hit a high of Rs 149.40 and a low of Rs 147.55 so far during the day. The stock had hit a 52-week high of Rs 219.70 on 27 October 2015 ref: http://www.business-standard.com/article/news-cm/bhel-gains-after-winning-contract-from-nhpc-116091400200_1.html

Monday, September 12, 2016

Bhel’s balance sheet revival is in sight

by Edelweiss : While we retain our thesis on BHEL that balance sheet revival is in sight, we believe the company is on course to see substantial cash flow over next 2-3 years. For us, key monitorable remains sequential reduction in debtors and closure of key orders, imparting the much-needed revenue visibility. Maintain buy/so with a DCF based target price of R185. more at: http://www.financialexpress.com/markets/indian-markets/bhels-balance-sheet-revival-is-in-sight/375268/

Wednesday, September 7, 2016

BHEL reports 54% surge in Q1 net profit; stock rallies 15%

BHEL on Wednesday reported a 54 per cent YoY rise in net profit to Rs 77.70 crore for the June quarter, beating an ET Now poll estimate of a loss of Rs 10.40 crore. The company had reported a net profit of Rs 50.43 crore in the corresponding quarter of last year. Sales for the quarter came in at Rs 5,523 crore, which was much higher that ET Now poll estimate of Rs 4,578 crore. The company had reported net sales of Rs 4,280.02 crore in the same quarter last year more at: http://economictimes.indiatimes.com/markets/stocks/earnings/bhel-reports-54-surge-in-q1-net-profit-stock-rallies-15/articleshow/54045593.cms

Saturday, September 3, 2016

BHEL commissions Unit-4 of Teesta Low Dam hydro power project

State-run BHEL on Friday said it has commissioned the fourth and last unit of the 4x40 MW Teesta Low Dam Hydro Electric Project (HEP) Stage-IV in West Bengal. A run-of-the-river greenfield project located in Darjeeling district of West Bengal, Teesta HEP has been set up by NHPC Ltd, on the River Teesta, BHEL said in a release. According to the statement, power generation from the Teesta 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. BHEL was entrusted with the Electrical & Mechanical (E&M) works for four units of 40 MW each by NHPC Limited. more at: http://www.business-standard.com/article/companies/bhel-commissions-unit-4-of-teesta-low-dam-hydro-power-project-116090200388_1.html

Thursday, September 1, 2016

Merrill Lynch maintains ‘underperform’ on BHEL

As per a press release by BHEL’s corporate communication, India Ratings & Research has downgraded BHEL’s long-term rating for Bank Loan Facilities from ‘IND AAA’/ Stable to IND AA+/ Negative. We believe that the rating downgrade is in response to likely operating losses and persisting execution challenges in the near-to-medium term, deteriorating quality of BHEL’s receivables and likely acceleration of recognition of bad debt expense under Ind-AS. As per a media release, progress at `56 billion 1,600MW Uppur Thermal Power Plant (TPP) has come to a standstill led by land acquisition issues. Over the past few months, BHEL has rallied along with the market as it appears to be one the cheapest Industrial stocks. more at: http://www.financialexpress.com/markets/indian-markets/merrill-lynch-maintains-underperform-on-bhel/364760/