Wednesday, February 28, 2018

BHEL pays 40% interim dividend

BHEL today said that it has paid 40 per cent interim dividend on enhanced equity, capital post-bonus, for the financial year 2017-18. "In value terms, the dividend paid amounts to Rs 293.71 crore. With this, the company has maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly for over four decades," BHEL said in a statement. A cheque of Rs 185.21 crore towards the interim dividend for the year 2017-18 on the equity (63.06 per cent) held by the Government of India, was presented here to Anant G Geete, Minister of Heavy Industries & Public Enterprises and Babul Supriyo, Minister of State for Heavy Industries & Public Enterprises, by Atul Sobti, Chairman and Managing Director, BHEL. ref: https://www.moneycontrol.com/news/business/bhel-pays-40-interim-dividend-2518183.html

Tuesday, February 27, 2018

Several BHEL employees win PM's Shram Awards

Among a host of Public and Private Sector companies in the country, employees of Bharat Heavy Electricals (BHEL) have once again bagged the prestigious Prime Minister’s Shram Awards for their distinguished performance (2011to 2016). A total of 42 employees of BHEL, from its units located at Trichy, Haridwar, Bengaluru (Electronics Division & Electro-Porcelains Division), Hyderabad and Bhopal, shared 27 Shram awards including 4 Shram Bhushan, 10 Shram Vir/Veerangana and 13 Shram Shree/Devi awards for the years 2011-2016. The awards were presented by Hon’ble Vice President M. Venkaiah Naidu at a function held here. ref: http://www.uniindia.com/several-bhel-employees-win-pm-s-shram-awards/business-economy/news/1151981.html

Tuesday, February 20, 2018

HPCL awards Rs 1,034-cr gas power plant order to BHEL

Bharat Heavy Electricals Ltd, the largest Indian heavy equipment maker, said it won a Rs 1,034 cr order to set up a gas-based captive power plant at Hindustan Petroleum Corporation’s Visakh Refinery. The order, given on a turnkey basis, is part of the expansion project at the refinery at Andhra Pradesh. BHEL’s scope of work in the contract envisages engineering, manufacture, transportation, erection & commissioning and civil works. The plant’s design involves one gas generator (GTG), one heat recovery steam generator and one steam generator, the equipment maker said. The captive power plant is being set up to meet the power and steam required by HPCL for its planned refinery expansion from 8.33 million tons to 15 mmtpa of crude throughput. “With this order, HPCL has reposed its confidence in BHEL for GTG-based captive power plants,” the heavy equipment maker said. The key equipment for this package shall be supplied by BHEL’s units at Hyderabad, Trichy, Bengaluru, Bhopal, Ranipet, Jhansi, Visakhapatnam and Rudrapur, the company said. The erection and commissioning of the project shall be undertaken by BHEL’s Power Sector – Eastern Region, Kolkata. ref: https://ultra.news/t-t/38297/hpcl-awards-rs-1034-cr-gas-power-plant-order-bhel/

Saturday, February 17, 2018

BHEL commissions 18-MW hydroelectric project in Punjab

BHEL has commissioned an 18-megawatt (MW) Mukerian hydroelectric project in Punjab. “With the commissioning of the second 9-MW hydro generating unit, Bharat Heavy Electricals Ltd (BHEL) has successfully commissioned the 18-MW Mukerian hydroelectric project (HEP) stage-II in Punjab,” the company said in a regulatory filing. Located on the Mukerian canal in Hoshiarpur district of Punjab, the 18-MW Mukerian project is a surface powerhouse of Punjab State Power Corporation Ltd. “The generation from Mukerian HEP stage-II will contribute significantly in reduction of greenhouse gas emissions and will help in achieving a low carbon development path for the nation,” the company added. The first unit of the Mukerian HEP was commissioned in May last year. ref: https://www.thehindubusinessline.com/companies/bhel-commissions-18-mw-hydroelectric-project-in-punjab/article22773784.ece

Wednesday, February 14, 2018

BHEL bags Rs 560-cr order from NTPC

BHEL has bagged an order worth Rs 560 crore for supply and installation of the flue gas desulphurisation (FGD) system from NTPC for 2x490 MW National Capital Power Station (NCPS) at Dadri in Uttar Pradesh. The order has been secured by BHEL against stiff competition from Indian and multinational companies, a BHEL statement said. The notification calls for installation of equipment to control various harmful emissions, both in existing as well as new thermal power plants. ref: http://www.moneycontrol.com/news/business/bhel-bags-rs-560-cr-order-from-ntpc-2508027.html

Thursday, February 8, 2018

Bhel’s turnaround in order flows may be a flash in the pan

After dismal order flows of less than Rs2,000 crore each in the first two quarters of the current fiscal year, the country’s largest public sector power equipment maker Bharat Heavy Electricals Ltd (Bhel), sprung a pleasant surprise with order flows of about Rs12,000 crore in the December quarter. Even better, it matched analysts’ revenue and profit expectations. Although the stock rose by 1.6% on Thursday on favourable news and a positive mood on the Street, it may be too early to rejoice. After all order flows are lumpy in this sector and the third quarter accretion maybe a flash in the pan. On a cumulative basis, the nine-month order flow of Rs15,750 crore in fiscal year 2018 (FY18) is sharply lower when compared to the year-ago period. Therefore, Bhel would have to ramp-up orders in the fourth quarter to be able to sustain order flow growth and keep the order book at the current level of Rs1.02 trillion. All this fuss about order flows is justified given that the company has steadily seen revenue falling (see chart) due to poor orders coming in from the power sector, which accounts for about 80% of its revenue. Moreover, a year back, a significant portion of the company’s order book was slow-moving. more at: http://www.livemint.com/Money/Tr3LxlyHDPBY9ubhIW9LdK/Bhels-turnaround-in-order-flows-may-be-a-flash-in-the-pan.html