BHEL Recruitment 2017 | Engineer Trainee | Across India | October 2017 | www.bhel.com

Eligibility Criteria: Full-Time Bachelor’s Degree in Engineering/Technology or Five year integrated Master’s degree or Dual Degree programme in Engineering or Technology in the disciplines of Mechanical or Electrical Engineering from a recognized Indian University/ Institute Candidates should be in a position to produce their Degree/Final year marks sheets the time of Interview, whichever is earlier. more at: https://www.enggwave.com/bhel-recruitment-2017-engineer-trainee-across-india-october-2017-www-bhel-com/30014

BHEL gets shareholders' nod for bonus share, 79% dividend

BHEL has received shareholders' approval for the proposal to issue 1 new equity bonus share for every 2 existing shares. The proposal to issue bonus share in the ratio of one bonus share for every 2 existing shares to members was listed on the agenda for annual general meeting held on September 22, 2017, which as passed by the requisite majority, Bharat Heavy Electricals Ltd (BHEL) said in a BSE filing today. The shareholder have also approved the proposal to give a final dividend of 39 per cent. With this, the total dividend for the year 2016-17 will stand at 79 per cent. According to the proposal, shareholder will be issued one new bonus equity share of Rs 2 each for every 2 existing shares of Rs 2 each fully paid up. Prior to the bonus issue, the company has 244.76 crore shares of Rs 2 each aggregating Rs 489.52 crore. Post bonus issue the number of share will increase to 367.14 crore of Rs 2 each aggregating at Rs 734.28 crore. The company will require Rs 244.76 crore free reserves for implementing the bonus issue. As on March 31, 2017, the company had defined free reserves and surplus of Rs 31,769.74 crore. more at: http://www.moneycontrol.com/news/business/companies/bhel-gets-shareholders-nod-for-bonus-share-79-dividend-2397045.html

BHEL to diversify into new areas for next wave of growth

BHEL today said it will create a diversified portfolio for its next wave of growth that will include areas such as solar energy, transportation and water business. Going beyond thermal power, other areas for capitalising on emerging opportunities include defence and aerospace “to increase the share of business from non-coal areas”, BHEL CMD Atul Sobti said at the 53rd annual general meeting here. He said BHEL was facing newer challenges being thrown up by the forces of change such as climate, technology disruptions, fragile geopolitics, newer regulations, suboptimal investment from the private sector and the changing energy-mix. The company’s manufacturing capacity for solar cells and modules has been expanded to 105 MW and 226 MW per annum, he said. On building capacity and capability through in-house resources and collaboration with global technology leaders, he said BHEL had recently entered into a pact with Kawasaki Heavy Industries Ltd for the manufacture of stainless steel coaches and bogies for Metro Rail. Sobti further said: “The recent launch of the bullet train project from Mumbai to Ahmedabad and new metro rail projects would bring new business opportunities for us.” ref: http://www.thehindubusinessline.com/companies/will-diversify-portfolio-for-next-wave-of-growth-says-bhel/article9868595.ece

BHEL announces bonus issue; shares rise

Bharat Heavy Electricals Ltd, India’s largest power equipment maker, on Friday announced issue of bonus shares in the ratio of 1 share for every 2 existing shares. Shares of the company were trading 1.65 per cent up at Rs 130.90 around 1.15 pm (IST). The scrip opened at Rs 132 and touched a high and low of Rs 132.25 and Rs 130, respectively, in trade so far. Benchmark BSE Sensex was down 292 points, or 0.90 per cent, at 32,077 at around the same time. ref: http://economictimes.indiatimes.com/markets/stocks/news/bhel-announces-bonus-issue-shares-rise/articleshow/60792611.cms

Bhel eyes rail track electrification orders

State-run Bharat Heavy Electricals Ltd (Bhel), India’s largest power equipment maker, is eyeing a major role in the Indian Railways’ track electrification programme to tide over the uncertainties of the Indian power sector. As part of this strategy, Bhel chairman and managing director Atul Sobti has written to Ashwani Lohani, the newly- appointed chairman of the Railway Board to entrust the Maharatna with electrifying 1,000km of tracks initially. This follows Bhel’s strategy to pivot from the power sector to transportation as the national carrier plans to electrify 24,000km of rail tracks. The railways track electrification drive stems from its need to reduce dependence on imported fuel and rationalize the cost of energy. ref: http://www.livemint.com/Companies/rpOLsiVRU104jz84h9vPWJ/Bhel-eyes-rail-track-electrification-orders.html

BHEL seeks partner for DFC locomotive fleet

BHARAT Heavy Electricals Ltd (BHEL), India, is inviting high-power locomotive manufacturers to pre-qualify by October 12 for a tender to partner with it in the production and subsequent maintenance of a fleet 200 6.7MW electric locomotives for operation on the new dedicated freight corridors (DFC). The winner of tender will supply the first 10 locomotives fully assembled. The remaining locomotives will be supplied in kit form for assembly at Indian Railways’ (IR) factories. The successful bidder will also be expected to transfer technology to IR’s Chittaranjan Locomotive Works. BHEL plans to partner with the successful bidder to manufacture the first 10 locomotives and then produce mechanical and electrical assemblies and components for the fleet. BHEL will provide support for after-sales services. BHEL’s Jhansi plant can manufacture up to 75 electric locomotives per year and has supplied 360 units to IR. BHEL says it recently won an order to manufacture 4.47MW electric locomotives. This tender follows the breakdown of talks last year with a consortium led by Kawasaki, Japan, to supply the locomotives as part of a Japan International Cooperation Agency (Jica) precondition for its loan for the construction of the Western DFC. ref: http://www.railjournal.com/index.php/locomotives/bhel-seeks-partner-for-dfc-locomotive-fleet.html

Bullet train project: BHEL rallies on rolling stock contract

Shares of Bharat Heavy ElectricalsBSE 8.11 % (BHELBSE 8.11 %) witnessed a sudden spike in morning trade after reports that the company will make rolling stock for bullet train. The scrip was trading 4.11 per cent up at Rs 138 around 10.34 am (IST). Shares of the company opened at Rs 132.42 and touched a high and low of Rs 138.30 and Rs 132.25, respectively, in trade so far. Benchmark BSE Sensex was trading 128.70 points, or 0.40 per cent, up at Rs 32315.11 at around the same time. Order will be big boost for BHEL, former CMD said. PM Narendra Modi and his Japanese counterpart Shinzo Abe on Thursday laid foundation stone for India's first bullet train between Ahmedabad and Mumbai. Shares of BHEL had hit 52-week high of Rs 182.65 on April 25, 2017 and 52-week low of Rs 116.15 on December 27, 2016. ref: http://economictimes.indiatimes.com/markets/stocks/news/bullet-train-project-bhel-rallies-on-rolling-stock-contract/articleshow/60508109.cms

BHEL gains on setting record date for bonus issue

Shares of Bharat Heavy Electricals gained as much as 1.60 per cent in early trade after the company announced that it has fixed September 30, 2017 as the record date for the purpose of issuance of 1:2 bonus issue. The scrip was trading 1.33 per cent up at Rs 129.50 around 9.40 am (IST). Shares of the company opened at Rs 129.50 and touched a high and low Rs 129.85 and Rs 128, respectively, in trade so far. Benchmark BSE Sensex was up 157 points, or 0.50 per cent, at 31,845. On the BSE, 40,000 shares were traded on the counter so far as against the average daily volumes of 2.54 lakh shares in the past two weeks. The stock had hit a 52-week high of Rs 182.65 on April 25, 2017 and 52-week low of Rs 116.15 on December 27, 2016. ref; http://economictimes.indiatimes.com/markets/stocks/news/bhel-gains-on-setting-record-date-for-bonus-issue/articleshow/60457526.cms