A share sale by the government in state-run power equipment maker Bharat Heavy Electricals Ltd may happen next fiscal year, heavy industries minister Praful Patel said.
A panel of ministers met on Wednesday to consider stake sale in BHEL, but did not take any decision on the matter, Patel told reporters.
The planned stake sale in BHEL, which had been cleared by the cabinet last year, was expected to raise about $1 billion.
India had planned to raise about 400 billion rupees from share sales in state-run firms this fiscal year that ends in March, but has so far only raised about $250 million.
ref:
http://www.moneycontrol.com/news/wire-news/bhel-share-sale-likely-next-fiscal-year-minister_668313.html
Wednesday, February 15, 2012
Tuesday, February 14, 2012
Ministers to discuss ONGC, BHEL share sales on Wed
A panel of ministers will meet on Wednesday to discuss selling shares in state-run Oil and Natural Gas Corp(ONGC.NS) and Bharat Heavy Electricals(BHEL.NS), divestment secretary, Haleem Khan, told reporters.
India originally planned to raise about $9 billion from share sales this fiscal year that ends in March, but has so far only raised about $250 million.
The government had deferred ONGC's public offer to raise up to $2.5 billion in October, after tepid response from investors during roadshows amid weak equity markets. The BHEL share sale is expected to raise up to $1 billion.
ref:
http://in.reuters.com/article/2012/02/14/india-sharesale-ongc-bhel-idINDEE81D06O20120214
India originally planned to raise about $9 billion from share sales this fiscal year that ends in March, but has so far only raised about $250 million.
The government had deferred ONGC's public offer to raise up to $2.5 billion in October, after tepid response from investors during roadshows amid weak equity markets. The BHEL share sale is expected to raise up to $1 billion.
ref:
http://in.reuters.com/article/2012/02/14/india-sharesale-ongc-bhel-idINDEE81D06O20120214
Monday, February 13, 2012
Government to sell stake in ONGC, BHEL to raise Rs 14,500 crore in FY'12
The government is moving ahead with plans of disinvestment in blue-chips ONGC and BHEL through the auction route to raise about Rs 14,500 crore within the current fiscal itself.
The decision on stake sale is likely to be taken at a meeting of the Empowered Group of Ministers (EGoM) on February 15, according to sources.
While the ONGC stake sale through the auction route is expected to yield Rs 12,000 crore, the BHEL might fetch the government about Rs 2,500 crore.
more at:
http://economictimes.indiatimes.com/news/economy/policy/government-to-sell-stake-in-ongc-bhel-to-raise-rs-14500-crore-in-fy12/articleshow/11872819.cms
The decision on stake sale is likely to be taken at a meeting of the Empowered Group of Ministers (EGoM) on February 15, according to sources.
While the ONGC stake sale through the auction route is expected to yield Rs 12,000 crore, the BHEL might fetch the government about Rs 2,500 crore.
more at:
http://economictimes.indiatimes.com/news/economy/policy/government-to-sell-stake-in-ongc-bhel-to-raise-rs-14500-crore-in-fy12/articleshow/11872819.cms
Wednesday, February 8, 2012
BHEL demonstrates full-load operation of its first 250 MW CFB boiler
Bharat Heavy Electricals Limited (BHEL), Tiruchi, successfully demonstrated a full-load operation of its first 250 MW Circulating Fluidised Bed (CFB) boiler supplied to Neyveli Lignite Corporation (NLC) at Neyveli on February 4. The second unit is in advanced stages of erection. It is stated to be the highest capacity CFB Boiler in the whole of South East Asia.
The successful demonstration of the unit's performance signals the use of a new technology for utilising India's vast lignite resource in an environmentally friendly and efficient manner.
more at:
http://www.thehindu.com/news/cities/Tiruchirapalli/article2872338.ece
The successful demonstration of the unit's performance signals the use of a new technology for utilising India's vast lignite resource in an environmentally friendly and efficient manner.
more at:
http://www.thehindu.com/news/cities/Tiruchirapalli/article2872338.ece
Tuesday, February 7, 2012
BHEL urges customers to use quality spares for power plant efficiency
Best efficiency of power plants could be achieved only through placing orders for spares with original equipment manufacturers, A.V.Krishnan, Executive Director, BHEL, Tiruchi, said.
Speaking at a customer meet organised by the Spares and Services Business Groups of BHEL's New Delhi, Tiruchi, and Ranipet units at Chennai recently, he assured efficiency of spares supplied by BHEL. On the services front, BHEL has formed cross functional teams with a few customers organizations to analyse and resolve problems like tube failures and vibrations, Mr. Krishnan said.
Thirty-five customer officials belonging to seven Power Generation companies in southern region took part in the meeting. The participants represented Tamil Nadu Generation and Distribution Corporation (TANGEDCO), Chennai Petroleum Corporation Limited, Madras Fertilizers Limited, Puducherry Power Corporation Limited, Surana Power Projects Limited, Sterlite Industries Limited and Rajeswari Sugars Limited, according to a BHEL press release.
more at:
http://www.thehindu.com/news/cities/Tiruchirapalli/article2868474.ece
Speaking at a customer meet organised by the Spares and Services Business Groups of BHEL's New Delhi, Tiruchi, and Ranipet units at Chennai recently, he assured efficiency of spares supplied by BHEL. On the services front, BHEL has formed cross functional teams with a few customers organizations to analyse and resolve problems like tube failures and vibrations, Mr. Krishnan said.
Thirty-five customer officials belonging to seven Power Generation companies in southern region took part in the meeting. The participants represented Tamil Nadu Generation and Distribution Corporation (TANGEDCO), Chennai Petroleum Corporation Limited, Madras Fertilizers Limited, Puducherry Power Corporation Limited, Surana Power Projects Limited, Sterlite Industries Limited and Rajeswari Sugars Limited, according to a BHEL press release.
more at:
http://www.thehindu.com/news/cities/Tiruchirapalli/article2868474.ece
Thursday, February 2, 2012
Decision on disinvestment strategy ONGC, BHEL deferred
A decision on the disinvestment strategy for two leading state run companies - ONGC and BHEL was deferred after a meeting of the empowered group of ministers.
It was expected that in wake of the new guidelines issued by the market regulator SEBI, the government will once again kick start the divestment process in these two companies, which may fetch it around Rs 14,000 crore.
"We have discussed today the implications of the new SEBI guidelines. We are yet to take a decision in regard to mode and timing to be adopted (for divestment in ONGC)," said Oil Minister Jaipal Reddy.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/decision-on-disinvestment-strategy-ongc-bhel-deferred/articleshow/11729326.cms
It was expected that in wake of the new guidelines issued by the market regulator SEBI, the government will once again kick start the divestment process in these two companies, which may fetch it around Rs 14,000 crore.
"We have discussed today the implications of the new SEBI guidelines. We are yet to take a decision in regard to mode and timing to be adopted (for divestment in ONGC)," said Oil Minister Jaipal Reddy.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/decision-on-disinvestment-strategy-ongc-bhel-deferred/articleshow/11729326.cms
Tuesday, January 31, 2012
BHEL looks at South African market for CFBC boilers
Bharat Heavy Electricals (BHEL) is looking at South Africa for marketing its circulating fluidized bed combustion (CFBC) boilers, needed for power and industrial applications.
And the power equipment maker is open to joint ventures there for this purpose.
"South African coal is similar to what is available here and hence we are looking at that market for our CFBC boilers. If the South African regulations want us to partner with a local outfit then we are open to that," A.V. Krishnan, executive director, BHEL's boilers division, told IANS.
In CFBC technology, India ranks next only to European countries such as Germany where boilers of 400 MW capacity have been developed.
According to him, BHEL is waiting for its four CFBC boilers supplied to mining-cum-power generating company Neyveli Lignite Corporation (NLC) to stabilise and generate power at a steady basis at their peak load.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/bhel-looks-at-south-african-market-for-cfbc-boilers/articleshow/11699414.cms
And the power equipment maker is open to joint ventures there for this purpose.
"South African coal is similar to what is available here and hence we are looking at that market for our CFBC boilers. If the South African regulations want us to partner with a local outfit then we are open to that," A.V. Krishnan, executive director, BHEL's boilers division, told IANS.
In CFBC technology, India ranks next only to European countries such as Germany where boilers of 400 MW capacity have been developed.
According to him, BHEL is waiting for its four CFBC boilers supplied to mining-cum-power generating company Neyveli Lignite Corporation (NLC) to stabilise and generate power at a steady basis at their peak load.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/bhel-looks-at-south-african-market-for-cfbc-boilers/articleshow/11699414.cms
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