Bharat Heavy Electricals (BHEL), received new orders worth Rs 59,700 crore during the year ended March 31,2009, its highest in a year, and 20% more than the previous fiscal. This has come about even as there is a slowdown in the economy.
Capital goods sector is considered a bellwether for manufacturing sector and high supply orders indicate better prospects for the economy going forward. The latest order book position of other capital goods firms are yet to be made public but BHEL can be considered a lead indicator for the sector.
The public sector capital goods major’s new orders were more than twice its revenues in 2008-09. As per the provisional financial data announced last week, BHEL’s order backlog has now reached Rs 1,17,000 crore ($23 billion), 37% more than what it was during the same period in the previous year. The total order book is equivalent to nearly four and a half times the sales for the year. Growth in order book was even higher than the 29% growth in total revenues, which stood at Rs 27,500 crore for 2008-09.
more at:
http://economictimes.indiatimes.com/News/News-By-Industry/Indl-Goods--Svs/Engineering/BHEL-orders-touch-new-high-in-FY09/articleshow/4382667.cms
Thursday, April 9, 2009
Wednesday, April 8, 2009
BHEL-PSSR turnover crosses Rs. 1,000-cr. mark
BHEL-PSSR (Power Sector-Southern Region) has crossed the Rs. 1,000-crore mark and recorded a turnover of Rs. 1,000.40 crore in the year ended March 31, 2009 against Rs. 675 crore in 2007-08.
Addressing a press conference here on Monday, P. R. Shriram, Executive Director, said BHEL-PSSR, which is the EPC (engineering, procurement and construction) wing of BHEL in charge of projects in the southern region as also abroad, added 885 MW to the grid during 2008-09. Fifteen sets were overhauled and seven sets were repaired during the year.
The company made a lower profit before tax of Rs. 70 crore against Rs. 104 crore on account of increase in input costs.
New orders
Mr. Sriram said during the year, the company received new orders of Rs. 2,919.26 crore, which include 2 x 500 MW Tuticorin thermal power project (BTG and civil) for Rs. 861 crore, 2 x 600 MW Malwa thermal power project (turnkey) for Rs. 752 crore, 1 x 600 MW North Chennai stage-II (EPC) for Rs. 556.51 crore. He said PSSR now presently executing projects (both erection and commissioning) totalling to 15,557 MW.
The total order book outstanding as on date was Rs. 4,222 crore
On the performance of BHEL sets, he said ten power stations in the region had achieved a plant load factor of more than 80 per cent.
The company has fixed a target of Rs. 1,300 crore turnover for the current year.
ref:
http://www.hindu.com/2009/04/08/stories/2009040857031600.htm
Addressing a press conference here on Monday, P. R. Shriram, Executive Director, said BHEL-PSSR, which is the EPC (engineering, procurement and construction) wing of BHEL in charge of projects in the southern region as also abroad, added 885 MW to the grid during 2008-09. Fifteen sets were overhauled and seven sets were repaired during the year.
The company made a lower profit before tax of Rs. 70 crore against Rs. 104 crore on account of increase in input costs.
New orders
Mr. Sriram said during the year, the company received new orders of Rs. 2,919.26 crore, which include 2 x 500 MW Tuticorin thermal power project (BTG and civil) for Rs. 861 crore, 2 x 600 MW Malwa thermal power project (turnkey) for Rs. 752 crore, 1 x 600 MW North Chennai stage-II (EPC) for Rs. 556.51 crore. He said PSSR now presently executing projects (both erection and commissioning) totalling to 15,557 MW.
The total order book outstanding as on date was Rs. 4,222 crore
On the performance of BHEL sets, he said ten power stations in the region had achieved a plant load factor of more than 80 per cent.
The company has fixed a target of Rs. 1,300 crore turnover for the current year.
ref:
http://www.hindu.com/2009/04/08/stories/2009040857031600.htm
BHEL: Plenty of orders in hand
With a strong order book, the engineering major is on track to post some strong numbers in 2009-10.
The BHEL management believes it can grow revenues at between 20 and 25 per cent in the current year. That may be a tad slower than the nearly 30 per cent achieved in 2008-09 but the growth is nonetheless strong in a difficult environment. What’s probably giving the management the confidence to visualise these growth rates is the very strong order inflow, of close to Rs 60,000 crore, during 2008-09.
BHEL’s provisional numbers for the March 2009 quarter are more or less in line with expectations — if operating margins were somewhat disappointing at just 17 per cent, it was because the company needed to provide for more wages. While revenues for 2008-09 are expected to come in at just over Rs 25,000 crore, the top line this year could be in the region of Rs 31,000 crore. Last year’s net profits are expected to be around Rs 3,500 crore and analysts believe that it should not be difficult for BHEL to grow net profit by a compounded 20 per cent in the next three years given that expenses on wages would be lower and because prices of raw materials are easing. The BHEL stock has rallied smartly in recent weeks as has Larsen and Toubro, which was beaten down, because of concerns about the order book — almost three-fourths of the orders are from private sector parties. BHEL, on the other hand gets a fair share of its orders from the government and chances of cancellations are lower. Of late, it has managed to bag orders from well-funded private IPPs and some state utilities and at Rs 1,532, the L&T stock trades at 17 times estimated 2009-10 earnings.
L&T, meanwhile trades at around 14 times estimated 2009-10 earnings partly because the Street has also been unhappy with L&T’s intention to pick up buy Satyam Computers. Although BHEL may be more expensive, it’s a better play on the revival in the economy. After all, it has an order backlog of over Rs one lakh crore, close to 5 times the firm’s 2007-08 revenues.
ref:
http://www.business-standard.com/india/news/bhel-plentyorders-in-hand/354223/
The BHEL management believes it can grow revenues at between 20 and 25 per cent in the current year. That may be a tad slower than the nearly 30 per cent achieved in 2008-09 but the growth is nonetheless strong in a difficult environment. What’s probably giving the management the confidence to visualise these growth rates is the very strong order inflow, of close to Rs 60,000 crore, during 2008-09.
BHEL’s provisional numbers for the March 2009 quarter are more or less in line with expectations — if operating margins were somewhat disappointing at just 17 per cent, it was because the company needed to provide for more wages. While revenues for 2008-09 are expected to come in at just over Rs 25,000 crore, the top line this year could be in the region of Rs 31,000 crore. Last year’s net profits are expected to be around Rs 3,500 crore and analysts believe that it should not be difficult for BHEL to grow net profit by a compounded 20 per cent in the next three years given that expenses on wages would be lower and because prices of raw materials are easing. The BHEL stock has rallied smartly in recent weeks as has Larsen and Toubro, which was beaten down, because of concerns about the order book — almost three-fourths of the orders are from private sector parties. BHEL, on the other hand gets a fair share of its orders from the government and chances of cancellations are lower. Of late, it has managed to bag orders from well-funded private IPPs and some state utilities and at Rs 1,532, the L&T stock trades at 17 times estimated 2009-10 earnings.
L&T, meanwhile trades at around 14 times estimated 2009-10 earnings partly because the Street has also been unhappy with L&T’s intention to pick up buy Satyam Computers. Although BHEL may be more expensive, it’s a better play on the revival in the economy. After all, it has an order backlog of over Rs one lakh crore, close to 5 times the firm’s 2007-08 revenues.
ref:
http://www.business-standard.com/india/news/bhel-plentyorders-in-hand/354223/
Sunday, April 5, 2009
BHEL's Vellore plant turnover rises to Rs 2,000 cr
BHEL on Sunday said its boiler auxiliaries plant here had achieved an all time high turnover of Rs 2,000 crore in 2008-09.
The profit before tax (PBT) during the fiscal was Rs 253 crore, a BHEL press release said.
Its dispatches stood at 1.9 lakh metric tonnes, which was 30 per cent higher compared to the previous fiscal.
The growth rate was 26 per cent and the company received orders worth about Rs 3,700 crore during the fiscal.
The total outstanding order was worth about Rs 6,500 crore, the release said.
In exports, the turnover had increased by 40 per cent over last year garnering Rs 28 crore in 2008-09. The value addition per employee also increased to Rs 19.79 lakh, showing an increase of 19 per cent Y-o-Y, the release said.
ref:
http://economictimes.indiatimes.com/News-by-Industry/BHELs-turnover-rises-to-Rs-2k-cr/articleshow/4361597.cms
The profit before tax (PBT) during the fiscal was Rs 253 crore, a BHEL press release said.
Its dispatches stood at 1.9 lakh metric tonnes, which was 30 per cent higher compared to the previous fiscal.
The growth rate was 26 per cent and the company received orders worth about Rs 3,700 crore during the fiscal.
The total outstanding order was worth about Rs 6,500 crore, the release said.
In exports, the turnover had increased by 40 per cent over last year garnering Rs 28 crore in 2008-09. The value addition per employee also increased to Rs 19.79 lakh, showing an increase of 19 per cent Y-o-Y, the release said.
ref:
http://economictimes.indiatimes.com/News-by-Industry/BHELs-turnover-rises-to-Rs-2k-cr/articleshow/4361597.cms
Banglaore units of BHEL reports record turnover of Rs 2116 crore, up 17 per cent
Bangalore-based Bharat Heavy Electricals Limited has reported a record turnover of Rs 2116 crore for 2008-09, up by 17 per cent over rs 1812 crore in the previous fiscal, a top company official said.
The Profit before Tax stood at Rs 506 crore, registering a 14 per cent growth compared to Rs 443 crore in 2007-08, G Ganapathiraman, Executive Director (EDN & ESG) BHEL told reporters announcing the results for 2008-09 here today.
The export turnover however dropped to Rs 530 crore from Rs 561 crore in 2007-08 "due to drop in physical exports", Ganapathiraman said.
BHEL, he said, improved its order book position by receiving orders worth Rs 2931 crore "despite stiff competition from global players". With this the Outstanding Order book at the end of the year reached Rs 5,700 crore from the three divisions comprising Electronics Division (ED), Industrial Systems Group (ISG)and Ceramic Business Unit (CBU).
BHEL also manufactured and supplied over 3900 Control Systems Cubicles for various projects during the year.
Some major orders from the power sector included those for KPCL Bellary 500 MW unit and for Karnataka Power Corporation Limited (KPCL) Raichur.
BHEL plans to augment its production capacity from 10,000 MW to 15,000 MW by 2009-10 with an investment of Rs 100 crore and to 20,000 mw by 2011-12, he said.
ref:
http://economictimes.indiatimes.com/News/News-By-Company/Earnings/BHEL-reports-record-turnover-of-Rs-2116-crore-up-17-per-cent/articleshow/4359559.cms
The Profit before Tax stood at Rs 506 crore, registering a 14 per cent growth compared to Rs 443 crore in 2007-08, G Ganapathiraman, Executive Director (EDN & ESG) BHEL told reporters announcing the results for 2008-09 here today.
The export turnover however dropped to Rs 530 crore from Rs 561 crore in 2007-08 "due to drop in physical exports", Ganapathiraman said.
BHEL, he said, improved its order book position by receiving orders worth Rs 2931 crore "despite stiff competition from global players". With this the Outstanding Order book at the end of the year reached Rs 5,700 crore from the three divisions comprising Electronics Division (ED), Industrial Systems Group (ISG)and Ceramic Business Unit (CBU).
BHEL also manufactured and supplied over 3900 Control Systems Cubicles for various projects during the year.
Some major orders from the power sector included those for KPCL Bellary 500 MW unit and for Karnataka Power Corporation Limited (KPCL) Raichur.
BHEL plans to augment its production capacity from 10,000 MW to 15,000 MW by 2009-10 with an investment of Rs 100 crore and to 20,000 mw by 2011-12, he said.
ref:
http://economictimes.indiatimes.com/News/News-By-Company/Earnings/BHEL-reports-record-turnover-of-Rs-2116-crore-up-17-per-cent/articleshow/4359559.cms
Thursday, April 2, 2009
BHEL posts 6 per cent higher profit at Rs 3,039 cr in FY 2009
BHEL on Thursday announced a six per cent increase in net profit at Rs 3,039 crore, after setting aside about Rs 1,800 crore to be paid to employees for revised salary, in 2008-09.
The company had recorded a net profit of Rs 2,859 crore in FY 2007-08.
"We have made provisions to the tune of Rs 1,800 crore for the PSU pay revision in our annual profit," CMD BHEL K Ravi Kumar told reporters here.
The company recorded a turnover of Rs 27,505 crore in the last fiscal compared to Rs 21,401 crore in 2007-08.
BHEL obtained a record order inflow of Rs 59,687 crore during the year and its cumulative order-book stood at Rs 1,17,000 crore, which included contracts from state governments, NTPC, private power project developers and foreign firms.
From the power sector, BHEL secured orders worth Rs 44,407 crore for 17,020 MW of plants.
BHEL also secured orders worth Rs 10,254 crore in fiscal 2008-09 in captive power, transportation, power transmission, oil and gas and other industrial segments.
On Monday the Cabinet had approved a proposal to merge 78.2 per cent of dearness-allowance (DA) with basic pay of the employees of the central public sector units, against the 68.8 per cent DA merger announced in November 2008.
The company received bulk order for 40 transformers from Coastal Gujarat Power, a Tata Power special purpose vehicle, for executing the 4,000-MW ultra mega power project at Mundra.
BHEL's international business grew 41 per cent to Rs 3,265 crore over that of fiscal 2007-08.
The company which made a capital investment of Rs 1,106 crore during 2008-09 towards augmentation of production capacity and construction of equipment facilities at power project sites, would spend another Rs 1,000 crore for expanding its Haridwar facility.
"For the expansion of the Haridwar unit, we would invest Rs 1,000 crore... This kind of money is required when you want to develop nuclear plant equipment also," Mr. Kumar said.
BHEL recruited nearly 4,500 persons in the previous financial year and would hire a substantial amount in this fiscal as well.
The company plans to achieve Rs 45,000-crore turnover by 2011-12.
ref:
http://www.hindu.com/thehindu/holnus/006200904021851.htm
The company had recorded a net profit of Rs 2,859 crore in FY 2007-08.
"We have made provisions to the tune of Rs 1,800 crore for the PSU pay revision in our annual profit," CMD BHEL K Ravi Kumar told reporters here.
The company recorded a turnover of Rs 27,505 crore in the last fiscal compared to Rs 21,401 crore in 2007-08.
BHEL obtained a record order inflow of Rs 59,687 crore during the year and its cumulative order-book stood at Rs 1,17,000 crore, which included contracts from state governments, NTPC, private power project developers and foreign firms.
From the power sector, BHEL secured orders worth Rs 44,407 crore for 17,020 MW of plants.
BHEL also secured orders worth Rs 10,254 crore in fiscal 2008-09 in captive power, transportation, power transmission, oil and gas and other industrial segments.
On Monday the Cabinet had approved a proposal to merge 78.2 per cent of dearness-allowance (DA) with basic pay of the employees of the central public sector units, against the 68.8 per cent DA merger announced in November 2008.
The company received bulk order for 40 transformers from Coastal Gujarat Power, a Tata Power special purpose vehicle, for executing the 4,000-MW ultra mega power project at Mundra.
BHEL's international business grew 41 per cent to Rs 3,265 crore over that of fiscal 2007-08.
The company which made a capital investment of Rs 1,106 crore during 2008-09 towards augmentation of production capacity and construction of equipment facilities at power project sites, would spend another Rs 1,000 crore for expanding its Haridwar facility.
"For the expansion of the Haridwar unit, we would invest Rs 1,000 crore... This kind of money is required when you want to develop nuclear plant equipment also," Mr. Kumar said.
BHEL recruited nearly 4,500 persons in the previous financial year and would hire a substantial amount in this fiscal as well.
The company plans to achieve Rs 45,000-crore turnover by 2011-12.
ref:
http://www.hindu.com/thehindu/holnus/006200904021851.htm
Wednesday, April 1, 2009
BHEL win Kakrapara steam generator contract
Bharat Heavy Electricals Limited (BHEL) has received an order from Nuclear Power Corporation of India limited (NPCIL) to design, supply and install four steam generators for one reactor of the Kakrapara Atomic Power Project (KAPP) in Gujarat, India. The contract is valued at INR3450m ($65m).
Larsen & Toubro has won a similar contract for the design, manufacture and supply of four steam generators for the second 700MWe PHWR to be built at the site.
BHEL said its 700MWe steam generators will be designed based on the first 540MWe steam generators it installed at the Tarapur nuclear power plant. They are to be designed, manufactured and tested according to American Society of Mechanical Engineers (ASME Sec.III Standards) at its Trichy plant.
The Indian state run power equipment manufacturer BHEL has designed, manufactured and commissioned equipment for around 80% of NPCIL’s installed capacity (4120MW ) in India. It is also executing several other contracts for NPCIL, including one for the supply, erection and commissioning of the complete conventional island for the first prototype fast breeder reactor (500MW), being built by Bharatiya Nabhikiya Vidyut Nigam Ltd (BHAVINI) at Kalpakkam in Tamil Nadu.
Last week BHEL signed a MoU with GE Hitachi Nuclear Energy (GEH) to collaborate on building Advanced Boiling Water Reactors (ABWRs) in India.
ref:
http://www.neimagazine.com/story.asp?sectionCode=132&storyCode=2052588
Larsen & Toubro has won a similar contract for the design, manufacture and supply of four steam generators for the second 700MWe PHWR to be built at the site.
BHEL said its 700MWe steam generators will be designed based on the first 540MWe steam generators it installed at the Tarapur nuclear power plant. They are to be designed, manufactured and tested according to American Society of Mechanical Engineers (ASME Sec.III Standards) at its Trichy plant.
The Indian state run power equipment manufacturer BHEL has designed, manufactured and commissioned equipment for around 80% of NPCIL’s installed capacity (4120MW ) in India. It is also executing several other contracts for NPCIL, including one for the supply, erection and commissioning of the complete conventional island for the first prototype fast breeder reactor (500MW), being built by Bharatiya Nabhikiya Vidyut Nigam Ltd (BHAVINI) at Kalpakkam in Tamil Nadu.
Last week BHEL signed a MoU with GE Hitachi Nuclear Energy (GEH) to collaborate on building Advanced Boiling Water Reactors (ABWRs) in India.
ref:
http://www.neimagazine.com/story.asp?sectionCode=132&storyCode=2052588
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