Public sector power equipment manufacturer, Bhel plans to become a R1 lakh crore-company by 2017, by more than doubling its turnover from the 2010-11 level.
The target was set in a strategic thinkers’ meet of the company held in Manesar, Haryana recently. The entire board and top management of Bhel participated in the two-day meeting, which was meant to finalise the company’s corporate plan 2017, sources privy to the meeting told FE.
The company reported a turnover of R43,451 crore in the financial year 2010-11, as per its unaudited results. Bhel’s order book stood at R1,64,130 crore as on March 31. Bhel is supplying equipment to 55% of the 78,000 mw capacity addition envisaged by the government during the current Eleventh plan.
The government has planned 100 giga watt capacity addition during the coming plan. Of which, orders for 84,000 mw capacity have already been placed.
more at :
http://www.financialexpress.com/news/Bhel-aims-to-become-R1-lakh-cr-co-by-2017/791133/
Sunday, May 15, 2011
Wednesday, May 11, 2011
BHEL to announce FY 2011 results on May 23, 2011
A meeting of the Board of Directors of Bharat Heavy Electricals Ltd will be held on May 23, 2011, to consider and take on record the audited financial results of the Company for the quarter and year ended on March 31, 2011, and to recommend final dividend for the financial year 2010-11.
The stock was trading at Rs.2047.75, up by Rs.11.25 or 0.55%. The stock hit an intraday high of Rs.2058 and low of Rs.2038.
The total traded quantity was 0.48 lakhs compared to 2 week average of 1.02 lakhs.
ref:
http://www.equitybulls.com/admin/news2006/news_det.asp?id=91170
The stock was trading at Rs.2047.75, up by Rs.11.25 or 0.55%. The stock hit an intraday high of Rs.2058 and low of Rs.2038.
The total traded quantity was 0.48 lakhs compared to 2 week average of 1.02 lakhs.
ref:
http://www.equitybulls.com/admin/news2006/news_det.asp?id=91170
Bharat Heavy Goes Into China
The senior managers of a three-year-old thermal power plant in North India say that the Chinese equipment they installed has been giving them trouble due to low quality. They are not alone. Around the country, power plants have claimed that they bought cheaper Chinese boilers, turbines and generators in preference to Indian equipment only to see them malfunction too quickly.
On the surface, it looks like a demand for better quality. But look closer and it is clear that a quite different battle is brewing. It is one way the local industry is reacting to the Chinese invasion into the country's power equipment sector.
But not everyone is unhappy. Take Lanco Infratech, in the power business for more than two decades. It has enough confidence in its Chinese suppliers to have them equip half its requirements for the next four years. Lanco is clearly not the only one vouching for the viability of Chinese equipment. Between 2004 and 2007, firms in China accounted for equipment in 18 power plants in India.
more at:
http://www.forbes.com/2011/05/10/forbes-india-bhel-ready-to-battle-for-market-share.html
On the surface, it looks like a demand for better quality. But look closer and it is clear that a quite different battle is brewing. It is one way the local industry is reacting to the Chinese invasion into the country's power equipment sector.
But not everyone is unhappy. Take Lanco Infratech, in the power business for more than two decades. It has enough confidence in its Chinese suppliers to have them equip half its requirements for the next four years. Lanco is clearly not the only one vouching for the viability of Chinese equipment. Between 2004 and 2007, firms in China accounted for equipment in 18 power plants in India.
more at:
http://www.forbes.com/2011/05/10/forbes-india-bhel-ready-to-battle-for-market-share.html
Sunday, May 8, 2011
Friday, May 6, 2011
Life Insurance Corporation increases stake in BHEL to 9%
Life Insurance Corporation has acquired additional over two per cent stake in power equipment maker BHEL from the market for Rs 2,205 crore to become the second largest shareholder in the PSU after the government.
LIC, which had 7.022 per cent stake in BHEL prior to this round of acquisition, bought shares during June last year to May 3 this year to take its stake to 9.052 per cent, BHEL said in a filing to the stock exchanges.
According to the shareholding pattern, the government has 67.72 per cent stake in BHEL, followed by over 9 per cent by LIC and 1.4 per cent by ICICI Prudential Life Insurance. The remaining stake in held by FIIs and the public.
BHEL shares changed hands at Rs 2,057.70 at the bourses during the trading today.
ref:
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/life-insurance-corporation-increases-stake-in-bhel-to-9/articleshow/8179919.cms
LIC, which had 7.022 per cent stake in BHEL prior to this round of acquisition, bought shares during June last year to May 3 this year to take its stake to 9.052 per cent, BHEL said in a filing to the stock exchanges.
According to the shareholding pattern, the government has 67.72 per cent stake in BHEL, followed by over 9 per cent by LIC and 1.4 per cent by ICICI Prudential Life Insurance. The remaining stake in held by FIIs and the public.
BHEL shares changed hands at Rs 2,057.70 at the bourses during the trading today.
ref:
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/life-insurance-corporation-increases-stake-in-bhel-to-9/articleshow/8179919.cms
Wednesday, May 4, 2011
Thirumayam unit to help BHEL to diversify
The Thirumayam unit of Bharat Heavy Electricals Limited (BHEL) is expected to go on stream by January 2012. The Rs 293 crore complex would diversify into nuclear, refinery, petrochemical, according to a senior official of the company.
The upcoming plant, spread over an area of 40,000 sq m, is slated to start production by January 2012. BHEL’s CMD B Prasada Rao inspected the Thirumayam plant today.
According to AV Krishnan, executive director, BHEL-Tiruchirapalli, the Thirumayam facility would help the complex to diversify into areas like nuclear, refinery and petrochemicals in addition to its traditional boiler business. The facility would also manufacture pipes.
ref:
http://www.sify.com/finance/thirumayam-unit-to-help-bhel-to-diversify-news-equity-lffbuSddccd.html
The upcoming plant, spread over an area of 40,000 sq m, is slated to start production by January 2012. BHEL’s CMD B Prasada Rao inspected the Thirumayam plant today.
According to AV Krishnan, executive director, BHEL-Tiruchirapalli, the Thirumayam facility would help the complex to diversify into areas like nuclear, refinery and petrochemicals in addition to its traditional boiler business. The facility would also manufacture pipes.
ref:
http://www.sify.com/finance/thirumayam-unit-to-help-bhel-to-diversify-news-equity-lffbuSddccd.html
Sunday, May 1, 2011
BHEL bags DPSC’s thermal power plant contract
Bharat Heavy Electricals Ltd (BHEL) has bagged DPSC Ltd’s greenfield 540—MW (270 MW x2) thermal power plant contract.
“We have awarded the contract for greenfield 540-MW thermal power coming up at Raghunathpur to BHEL and its value will be around Rs 1,500 crore, out of total project value of Rs 3,200 crore,” DPSC Chairman Hemant Kanoria told PTI.
DPSC is now controlled by Srei Infrastructure and India Power Corporation Ltd, a joint venture between Srei Infrastructure and Bhaskar Silicon that took over management from Andrew Yule.
BHEL Executive Director (East) Rajiv Kumar said the contract has been signed and the project would be executed shortly.
He said BHEL has also bagged the contract for the 450-MW (150MWx3) thermal power plant at Haldia, executed by IPCL at an estimated cost of Rs 2,400 crore.
The DPSC power plant is likely to be executed in the next 36 months and the Haldia plant would require another two years.
Kanoria said the company had received possession of 155 acre of a total 300 acre required for the project.
more at:
http://www.thehindu.com/business/companies/article1983241.ece
“We have awarded the contract for greenfield 540-MW thermal power coming up at Raghunathpur to BHEL and its value will be around Rs 1,500 crore, out of total project value of Rs 3,200 crore,” DPSC Chairman Hemant Kanoria told PTI.
DPSC is now controlled by Srei Infrastructure and India Power Corporation Ltd, a joint venture between Srei Infrastructure and Bhaskar Silicon that took over management from Andrew Yule.
BHEL Executive Director (East) Rajiv Kumar said the contract has been signed and the project would be executed shortly.
He said BHEL has also bagged the contract for the 450-MW (150MWx3) thermal power plant at Haldia, executed by IPCL at an estimated cost of Rs 2,400 crore.
The DPSC power plant is likely to be executed in the next 36 months and the Haldia plant would require another two years.
Kanoria said the company had received possession of 155 acre of a total 300 acre required for the project.
more at:
http://www.thehindu.com/business/companies/article1983241.ece
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