The Boiler Auxiliaries Plant (BAP) of Bharat Heavy Electricals Limited (BHEL), Ranipet, has achieved a record profit before tax (PBT) of Rs.1,107 crore during 2010-11 as against Rs.591 crore in 2009-10, registering an 87 per cent increase, thanks largely to the reduction in material consumption, according to A. Chandrababu, Executive Director, BHEL-BAP, Ranipet.
Briefing newspersons about the performance of the company in 2010-11 at a press conference here on Wednesday, Mr. Chandrababu said that the Ranipet unit had registered a turnover of Rs.3,582 crore, up by 41 per cent over Rs.2,538 crore achieved in the previous year. “We have been growing at an average rate of 35 per cent over the past five years, and maintaining this trend. The unit has for the first time achieved a turnover of Rs.3,582 crore. This has been possible by the efforts taken by our team in despatching 2.82 lakh tonnes (mt) in the last 12 months,” he said. The Executive Director said that in spite of fluctuating steel prices, BHEL Ranipet could contain its material costs to 51.9 per cent of the gross turnover, after setting off the excise duty, through strategic materials management.
Mr. Chandrababu said that the BAP had an outstanding order book of Rs.8,315 crore in 2010-11, as against Rs.7,892 crore in 2009-10. It bagged bulk repeat orders from India Bulls for five 270 MW boilers each for the thermal power plants in Nashik and Amravati.
The Executive Director said that while BAP had achieved a capacity expansion to meet its proportional target for production of power plant auxiliaries by BHEL as a whole to cater to the targeted 15,000 MW of power production, its plans were on track towards achieving its physical target for augmenting the installed capacity to 20,000 MW by July 2011 as against the target date of March 31, 2012. It has invested Rs.170 crore for capacity expansion. The Ranipet unit has entered into an agreement with GE India to acquire world-class technology for water treatment, and with TLT, Germany for axial fans.
The West Bengal Power Development Corporation, Kolkata, which placed orders with a Chinese vendor for boiler auxiliaries for its thermal power plants, reverted to BHEL Ranipet and gave orders for two 500 MW boilers for its Sagardighi thermal power plant.
ref:
http://www.thehindu.com/business/companies/article1605636.ece
Wednesday, April 6, 2011
Tuesday, April 5, 2011
‘BHEL is open to picking up equity in nuclear projects’
India has drawn up ambitious plans to add 63,000 mw of nuclear capacity by 2032. The government plans to buy about 21 additional foreign reactors for $175 billion (Rs 78,750 crore). Since this is likely to take some time, especially in the wake of the recent Japan disaster which has forced India to r evisit its security plans, Bharat Heavy Electricals Ltd (BHEL) is currently focusing on nuclear power plants being developed through its tie-up with Nuclear Power Corporation of India. BP Rao, chairman and MD of BHEL speaks to HT about his company’s plans. Excerpts.
complete article at:
http://www.hindustantimes.com/BHEL-is-open-to-picking-up-equity-in-nuclear-projects/Article1-681634.aspx#
complete article at:
http://www.hindustantimes.com/BHEL-is-open-to-picking-up-equity-in-nuclear-projects/Article1-681634.aspx#
BHEL clocks turnover of Rs 4,202 cr, gears up for further expansion
Bharat Heavy Electrical Limited (BHEL) in Bhopal is gearing up for further expansion for more thermal power equipment manufacturing. The unit has clocked a turnover of Rs 4,202 crore, up 13 per cent from the previous year, it has also aimed at becoming a Rs 5,000-crore unit by next financial year. However Chinese companies still pose challenges to the unit.
“We have sent a proposal for expansion of the existing thermal power unit, as soon as it is cleared we will start work on it, as we see a tremendous potential in thermal power sector,” M K Dubey executive director of the unit told Business Standard. “We have bagged an order from DB Power Limited for 2x660 Mw and further talks are on for another project. We are also in talks with Hindalco for their Singarauli project.” Hindalco is setting up a captive power unit in Singarauli for 700 Mw captive power unit.
BHEL is also partnering with the state government in another 660x2 Mw power project (Malwa thermal power project) in Khandwa. Moreover it will supply and erect equipments at controversial Shree Maheshwar Hydel power project in Khandwa district. However, according to Dubey, “Progress on the project is very slow and we have Rs 95 crore equipment lying in our premise for the project.”
BHEL has also attained a handsome growth of 18 per cent on exports which touched Rs 1,219 crore.
ref:
http://www.sify.com/finance/bhel-clocks-turnover-of-rs-4-202-cr-gears-up-for-further-expansion-news-equity-legblxhcdhe.html
“We have sent a proposal for expansion of the existing thermal power unit, as soon as it is cleared we will start work on it, as we see a tremendous potential in thermal power sector,” M K Dubey executive director of the unit told Business Standard. “We have bagged an order from DB Power Limited for 2x660 Mw and further talks are on for another project. We are also in talks with Hindalco for their Singarauli project.” Hindalco is setting up a captive power unit in Singarauli for 700 Mw captive power unit.
BHEL is also partnering with the state government in another 660x2 Mw power project (Malwa thermal power project) in Khandwa. Moreover it will supply and erect equipments at controversial Shree Maheshwar Hydel power project in Khandwa district. However, according to Dubey, “Progress on the project is very slow and we have Rs 95 crore equipment lying in our premise for the project.”
BHEL has also attained a handsome growth of 18 per cent on exports which touched Rs 1,219 crore.
ref:
http://www.sify.com/finance/bhel-clocks-turnover-of-rs-4-202-cr-gears-up-for-further-expansion-news-equity-legblxhcdhe.html
BHEL Tiruchi to focus on super critical boilers
Bharat Heavy Electricals Ltd (BHEL) would focus more on manufacturing and supply of super critical boilers in the 13th Five Year Plan period of 2012 -17, according to a senior official from Thiruchirapalli unit of the power equipment manufacturer.
A strategic plan for the year 2012-17 is on the anvil and the company has started discussion on the plans based on annual projection of market needs.
The company has so far bagged seven orders for super critical boilers, which are designed to perform under high pressure, including orders for three 800 MW, one 700 MW and three 660 MW units. It is in talks with the Dainik Bhaskar group, already a customer for its 600 MW boiler, to supply 660 MW super critical boilers, said A V Krishnan, executive director, BHEL Tiruchirapalli complex.
“We are expecting eight to ten projects in super critical boiler supply in the current fiscal year. In fact, in the entire 13th Five Year Plan, we will have more focus on super critical boilers,” said Krishnan.
He further added that the company, in next five to six years, would also be entering into ultra supercritical boilers supply. It is in talks with NTPC and Indira Gandhi Centre for Atomic Research (IGCAR) to develop its first ultra super critical boiler by 2017.
more at:
http://www.business-standard.com/india/news/bhel-tiruchi-to-focussuper-critical-boilers/431050/
A strategic plan for the year 2012-17 is on the anvil and the company has started discussion on the plans based on annual projection of market needs.
The company has so far bagged seven orders for super critical boilers, which are designed to perform under high pressure, including orders for three 800 MW, one 700 MW and three 660 MW units. It is in talks with the Dainik Bhaskar group, already a customer for its 600 MW boiler, to supply 660 MW super critical boilers, said A V Krishnan, executive director, BHEL Tiruchirapalli complex.
“We are expecting eight to ten projects in super critical boiler supply in the current fiscal year. In fact, in the entire 13th Five Year Plan, we will have more focus on super critical boilers,” said Krishnan.
He further added that the company, in next five to six years, would also be entering into ultra supercritical boilers supply. It is in talks with NTPC and Indira Gandhi Centre for Atomic Research (IGCAR) to develop its first ultra super critical boiler by 2017.
more at:
http://www.business-standard.com/india/news/bhel-tiruchi-to-focussuper-critical-boilers/431050/
BHEL Trichy posts record turnover of Rs 12,275 cr in FY11
BHEL on Tuesday said its Trichy recorded an all time high turnover of Rs 12,275 crore during the financial year 2010-11.
The turnover during the fiscal was 22.63 per cent higher than the previous fiscal’s Rs 10,009 crore, said Mr A V Krishnan, Executive Director of BHEL’s unit.
The profit before tax also increased by 29.48 per cent to Rs 3,250 crore in the fiscal ended March 31 this year as against Rs 2,510 crore recorded in the previous fiscal, he said.
It had received orders for a record number of seven super critical projects during FY11, including three units of 800 MW, 3 units of 650 MW and one 700 MW projects. The current fiscal’s projection of turnover was Rs 15,000 crore, he said.
ref:
http://www.thehindubusinessline.com/companies/article1602045.ece
The turnover during the fiscal was 22.63 per cent higher than the previous fiscal’s Rs 10,009 crore, said Mr A V Krishnan, Executive Director of BHEL’s unit.
The profit before tax also increased by 29.48 per cent to Rs 3,250 crore in the fiscal ended March 31 this year as against Rs 2,510 crore recorded in the previous fiscal, he said.
It had received orders for a record number of seven super critical projects during FY11, including three units of 800 MW, 3 units of 650 MW and one 700 MW projects. The current fiscal’s projection of turnover was Rs 15,000 crore, he said.
ref:
http://www.thehindubusinessline.com/companies/article1602045.ece
BHEL to expand boiler division capacity to 20,000 MW
(IANS) Power equipment maker Bharat Heavy Electricals Ltd will complete expanding its boiler unit's capacity to 20,000 MW by the end of this fiscal, a top company official said here Tuesday.
'The third phase of capacity expansion (from 15,000 MW to 20,000 MW) works are progressing as per schedule and will be completed by March 2012,' Executive Director A.V. Krishnan told reporters while sharing the division's performance for 2010-11.
According to him, all preparatory and pre-execution works have been carried out in time to ramp up the capacity to 20,000 MW.
The boiler unit - located around 335 km from Chennai - closed the last fiscal with a turnover of Rs.12,275 crore and a before tax profit of Rs.3,250 crore, up from Rs.10,009 crore and Rs.2,813 crore respectively earned during 2009-10.
Last year, the division booked orders worth Rs.15,631 crore, taking the total outstanding order book size to Rs.39,121 crore.
The new orders include seven super critical boilers (boilers that can operate at very high temperature) including three 800 MW, one 700 MW and three 660 MW.
He said repeat orders for 10 sets of 270 MW boilers were received from the India Bulls group last year.
On the exports side, BHEL's boiler division shipped out 11,500 tonnes of boiler components to countries like Indonesia, New Caledonia, Sudan and Belarus.
According to Krishnan, the advanced technology product manufacturing facilities are expanded to handle up to 700 MW nuclear power plant equipments like steam generators and reactor headers.
BHEL's boiler division bagged orders for 32 reactor heads for 700 MW nuclear power stations and is executing orders for eight steam generators.
ref:
http://www.sify.com/finance/bhel-to-expand-boiler-division-capacity-to-20-000-mw-news-national-lefnEfddghg.html
'The third phase of capacity expansion (from 15,000 MW to 20,000 MW) works are progressing as per schedule and will be completed by March 2012,' Executive Director A.V. Krishnan told reporters while sharing the division's performance for 2010-11.
According to him, all preparatory and pre-execution works have been carried out in time to ramp up the capacity to 20,000 MW.
The boiler unit - located around 335 km from Chennai - closed the last fiscal with a turnover of Rs.12,275 crore and a before tax profit of Rs.3,250 crore, up from Rs.10,009 crore and Rs.2,813 crore respectively earned during 2009-10.
Last year, the division booked orders worth Rs.15,631 crore, taking the total outstanding order book size to Rs.39,121 crore.
The new orders include seven super critical boilers (boilers that can operate at very high temperature) including three 800 MW, one 700 MW and three 660 MW.
He said repeat orders for 10 sets of 270 MW boilers were received from the India Bulls group last year.
On the exports side, BHEL's boiler division shipped out 11,500 tonnes of boiler components to countries like Indonesia, New Caledonia, Sudan and Belarus.
According to Krishnan, the advanced technology product manufacturing facilities are expanded to handle up to 700 MW nuclear power plant equipments like steam generators and reactor headers.
BHEL's boiler division bagged orders for 32 reactor heads for 700 MW nuclear power stations and is executing orders for eight steam generators.
ref:
http://www.sify.com/finance/bhel-to-expand-boiler-division-capacity-to-20-000-mw-news-national-lefnEfddghg.html
Monday, April 4, 2011
BHEL FY’11 profit jumps 40 pc to Rs 6,021 cr
Bharat Heavy Electricals Ltd (BHEL) on Monday reported a 40 per cent jump in net profit to Rs 6,021 crore in 2010-11 reaping the benefits of low technology costs and changes in accounting policy. Its net profit stood at Rs 4,311 crore a year ago.
“Localisation of technologies, continuous working on supply chain and lower material costs helped in good profit,” B Prasada Rao, chairman and managing director BHEL said while announcing the company’s provisional annual results. Rao attributed the higher revenues and profits to the change in the company’s accounting policy on provision for warranty obligation for construction contracts. “This has resulted in an increase in turnover by Rs 2,456 crore and increase in profit before tax at Rs 414 crore,” he said. The state run firm also posted a turnover of Rs 43,451 crore in 2010-11, which is a 27 per cent rise compared to Rs 34,154 crore in 2009-10 period. BHEL’s shareholders have been paid an interim dividend of 132.5 per cent while the earnings per share in the previous fiscal climbed to Rs 123 per share.
ref:
http://www.indianexpress.com/news/BHEL-FY-11-profit-jumps-40-pc-to-Rs-6-021-cr/771618/
“Localisation of technologies, continuous working on supply chain and lower material costs helped in good profit,” B Prasada Rao, chairman and managing director BHEL said while announcing the company’s provisional annual results. Rao attributed the higher revenues and profits to the change in the company’s accounting policy on provision for warranty obligation for construction contracts. “This has resulted in an increase in turnover by Rs 2,456 crore and increase in profit before tax at Rs 414 crore,” he said. The state run firm also posted a turnover of Rs 43,451 crore in 2010-11, which is a 27 per cent rise compared to Rs 34,154 crore in 2009-10 period. BHEL’s shareholders have been paid an interim dividend of 132.5 per cent while the earnings per share in the previous fiscal climbed to Rs 123 per share.
ref:
http://www.indianexpress.com/news/BHEL-FY-11-profit-jumps-40-pc-to-Rs-6-021-cr/771618/
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