BHEL's planned three-way joint venture to build nuclear turbines with French energy major Alstom has been stalled as the government has objected to the presence of a state-run nuclear power producer as a partner, citing conflict of interest.
The department of atomic energy contends that Nuclear Power Corp of India (NPCIL) cannot be both a buyer and supplier of nuclear turbines, as this could hurt price discovery, officials said. The move is a setback to the venture that has been in the works for close to a year. It has already secured commitments worth over Rs 7,500 crore to build turbines for 10 nuclear energy plants of 700 mw each.
"The department of atomic energy (DAE) has objected to NPCIL's participation in the venture on the grounds of conflict of interest," a senior government official told ET. NPCIL CMD SK Jain confirmed that the DAE has raised some concerns on its role in the venture.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/bhels-nuke-turbine-joint-venture-put-off/articleshow/7238487.cms
Friday, January 7, 2011
Thursday, January 6, 2011
Coal will remain principal fuel for next 40 years, says BHEL Director
Coal will remain the principal fuel to meet the country's energy requirements for the next 30 to 40 years, despite intense efforts to promote the use of other sources of energy including renewable, according to O.P. Bhutani, Director (Engineering, Research and Development), Bharat Heavy Electricals Limited (BHEL), New Delhi.
Addressing a plenary session on challenges in energy security as part of the 98th Indian Science Congress at Kattanakulathur near here on Thursday, Mr. Bhutani gave an account of the energy position at the international level and said there was no tailor-made energy solution for any country. Pointing out that several technologies were now available to increase the efficiency of power generation from coal, Mr. Bhutani said that using supercritical technology, a unit of 660 megawatt had been synchronised in Mundra. Over 45 plants of similar size had been ordered in the country.
Through another such technology - Integrated Gasification Combined Cycle (IGCC), the BHEL was setting up a 182-MW unit at the Vijayawada Thermal Power Plant for the Andhra Pradesh Power Generation Corporation (APGENCO).
more at:
http://www.thehindu.com/business/Industry/article1046149.ece
Addressing a plenary session on challenges in energy security as part of the 98th Indian Science Congress at Kattanakulathur near here on Thursday, Mr. Bhutani gave an account of the energy position at the international level and said there was no tailor-made energy solution for any country. Pointing out that several technologies were now available to increase the efficiency of power generation from coal, Mr. Bhutani said that using supercritical technology, a unit of 660 megawatt had been synchronised in Mundra. Over 45 plants of similar size had been ordered in the country.
Through another such technology - Integrated Gasification Combined Cycle (IGCC), the BHEL was setting up a 182-MW unit at the Vijayawada Thermal Power Plant for the Andhra Pradesh Power Generation Corporation (APGENCO).
more at:
http://www.thehindu.com/business/Industry/article1046149.ece
BHEL to bet big on rail, solar, water business segments
To boost its revenues from other businesses, power equipment major Bharat Heavy Electricals Ltd (BHEL) is betting big on transportation, renewable energy and water businesses.
The company, which had recently tied up with multinationals, is now planning to join hands with Indian Railways for setting up manufacturing units. On the renewable energy front, the company is planning to set up a photovoltaic module plant, for which it has done financial closure, according to the company’s chairman and managing director.
more at:
http://www.business-standard.com/india/news/bhel-to-bet-bigrail-solar-water-business-segments/421000/
The company, which had recently tied up with multinationals, is now planning to join hands with Indian Railways for setting up manufacturing units. On the renewable energy front, the company is planning to set up a photovoltaic module plant, for which it has done financial closure, according to the company’s chairman and managing director.
more at:
http://www.business-standard.com/india/news/bhel-to-bet-bigrail-solar-water-business-segments/421000/
BHEL-Alstom, L&T-MHI in final round of NTPC tender
BHEL-Alstom and L&T-Mitsubishi Heavy Industry have made it to the final round of NTPC’s supercritical boiler tender, estimated at over Rs 10,000 crore. NTPC has set the deadline for bids to January 20.
A senior executive in one of the companies, requesting anonymity, said NTPC had issued letters to the BHEL and L&T-led consortia for the prestigious tender today. This was the second time that NTPC called for bids for the contract after L&T was disqualified on technical grounds in the first round.
more at:
http://www.business-standard.com/india/news/bhel-alstom-lt-mhi-in-final-roundntpc-tender/421068/
A senior executive in one of the companies, requesting anonymity, said NTPC had issued letters to the BHEL and L&T-led consortia for the prestigious tender today. This was the second time that NTPC called for bids for the contract after L&T was disqualified on technical grounds in the first round.
more at:
http://www.business-standard.com/india/news/bhel-alstom-lt-mhi-in-final-roundntpc-tender/421068/
Wednesday, January 5, 2011
NTPC-Bhel JV in talks with US-based firm for tech tie-up
NTPC Bhel Power Projects Pvt. Ltd (NBPPL), an equal joint venture between state-run companies NTPC Ltd and Bharat Heavy Electricals Ltd (Bhel), is in talks with US-based Dearborn Mid-West Conveyor Co. (DMW) for a technology tie-up for ash handling and coal handling plants, said an official in the department of heavy industry.
Questions emailed to Dearborn remained answered but NTPC and Bhel executives confirmed the development.
The executives, and the department official did not want to be identified.
“We are talking to many people. This company can be one of them. However, nothing has been decided,” said C.P. Singh, chairman and managing director of NBPPL.
Dearborn is a full-service design, engineering, integration and installation company for the power, automotive and industrial markets.
An NBPPL team was in the US in December to hold discussions with potential technology providers.
more at :
http://www.livemint.com/2011/01/05233100/NTPCBhel-JV-in-talks-with-US.html?atype=tp#
Questions emailed to Dearborn remained answered but NTPC and Bhel executives confirmed the development.
The executives, and the department official did not want to be identified.
“We are talking to many people. This company can be one of them. However, nothing has been decided,” said C.P. Singh, chairman and managing director of NBPPL.
Dearborn is a full-service design, engineering, integration and installation company for the power, automotive and industrial markets.
An NBPPL team was in the US in December to hold discussions with potential technology providers.
more at :
http://www.livemint.com/2011/01/05233100/NTPCBhel-JV-in-talks-with-US.html?atype=tp#
Monday, January 3, 2011
Chinese competition a big worry for BHEL
Unlike most peers, Bharat Heavy Electricals (BHEL) has been a laggard on the bourses in the past four months. While its financial performance has remained stellar, what concerns analysts is the growing competition from Chinese companies.
BHEL's stock has fallen by 4% in the past four months, as against the 6% gains of the BSE Capital Goods. Due to the fall in valuations, the public sector company now trades at a discount to its peers.
Recently, BHEL had lost a few bulk orders to Chinese and private Indian competitors. China-based Dongfang Electric, for instance, bagged Abhijeet Group's 11,300-crore order for 600 MW supercritical coal burning units. In another instance, Reliance Power placed orders worth around 37,700 crore with Shanghai Electric for coal-fired power generators.
The order loss, however, would not impact BHEL's near-term growth, since it had orders worth 154,000 crore till September-end - its biggest order book ever and nearly four times its revenues for the trailing 12 months. But increasing competition from Chinese vendors raises concerns about BHEL's long-term growth prospects.
more at:
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/chinese-competition-a-big-worry-for-bhel/articleshow/7213480.cms
BHEL's stock has fallen by 4% in the past four months, as against the 6% gains of the BSE Capital Goods. Due to the fall in valuations, the public sector company now trades at a discount to its peers.
Recently, BHEL had lost a few bulk orders to Chinese and private Indian competitors. China-based Dongfang Electric, for instance, bagged Abhijeet Group's 11,300-crore order for 600 MW supercritical coal burning units. In another instance, Reliance Power placed orders worth around 37,700 crore with Shanghai Electric for coal-fired power generators.
The order loss, however, would not impact BHEL's near-term growth, since it had orders worth 154,000 crore till September-end - its biggest order book ever and nearly four times its revenues for the trailing 12 months. But increasing competition from Chinese vendors raises concerns about BHEL's long-term growth prospects.
more at:
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/chinese-competition-a-big-worry-for-bhel/articleshow/7213480.cms
BHEL to announce Q3 results on Jan 21, 2011
Bharat Heavy Electricals Ltd has announced that a Meeting of the Board of Directors of the Company will be held on January 21, 2011, inter alia, to consider and take on record the Unaudited Financial Results of BHEL for the quarter ended on December 31, 2010 (Q3).
The stock was trading at Rs.2342.50, up by Rs.17.75 or 0.76%. The stock hit an intraday high of Rs.2348 and low of Rs.2306.
The total traded quantity was 0.30 lakhs compared to 2 week average of 0.34 lakhs.
Source: Equity Bulls
Posted On: 1/3/2011 2:23:29 AM
ref:
http://www.equitybulls.com/admin/news2006/news_det.asp?id=84974
The stock was trading at Rs.2342.50, up by Rs.17.75 or 0.76%. The stock hit an intraday high of Rs.2348 and low of Rs.2306.
The total traded quantity was 0.30 lakhs compared to 2 week average of 0.34 lakhs.
Source: Equity Bulls
Posted On: 1/3/2011 2:23:29 AM
ref:
http://www.equitybulls.com/admin/news2006/news_det.asp?id=84974
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