The first edition of a video magazine of Bharat Heavy Electricals Limited, Tiruchi, christened, ‘ Nirmaalai,' was released here by A.V.Krishnan, Executive Director, BHEL, Tiruchi, on Saturday.
The video magazine to be a bi-monthly one would cover major events taking place at BHEL Tiruchi such as major dispatch of boiler components to power projects, important visits, message to employees, feedback from select customers, future plans, value systems, corporate social responsibility activities, and health issues.
Mr.Krishnan said the launch of magazine was part of the company's communication strategy to connect with employees.
more at :
http://www.thehindu.com/news/cities/Tiruchirapalli/article2935021.ece
Sunday, February 26, 2012
Saturday, February 25, 2012
BHEL's exit from Udangudi Power depends on government's offer
Bharat Heavy Electricals Ltd (BHEL) will study the Tamil Nadu government's offer to it on the cancellation of the joint venture 1,600 MW Udangudi power project, an official said on Saturday.
"We have not got any official communication from the Tamil Nadu government/Tamil Nadu Electricity Board (TNEB) on the decision to scrap the power project. We will study the pros and cons of the offer that we expect the state government to make and decide on exiting the joint venture," a senior BHEL official not wanting to be named told IANS over phone from New Delhi.
Chief Minister J. Jayalalithaa Friday announced the cancellation of the joint venture citing the lack of progress in the Rs.8,000 crore Udangudi power project after the Memorandum of Understanding (MoU) was signed between TNEB and BHEL to promote the power project in 2007.
ref:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/bhels-exit-from-udangudi-power-depends-on-governments-offer/articleshow/12035637.cms
"We have not got any official communication from the Tamil Nadu government/Tamil Nadu Electricity Board (TNEB) on the decision to scrap the power project. We will study the pros and cons of the offer that we expect the state government to make and decide on exiting the joint venture," a senior BHEL official not wanting to be named told IANS over phone from New Delhi.
Chief Minister J. Jayalalithaa Friday announced the cancellation of the joint venture citing the lack of progress in the Rs.8,000 crore Udangudi power project after the Memorandum of Understanding (MoU) was signed between TNEB and BHEL to promote the power project in 2007.
ref:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/bhels-exit-from-udangudi-power-depends-on-governments-offer/articleshow/12035637.cms
Tamil Nadu scraps power joint venture, BHEL surprised
Taking the state-owned Bharat Heavy Electricals Ltd. (BHEL) by surprise, Tamil Nadu Chief Minister J. Jayalalithaa on Friday scrapped the 1,600 MW power joint venture with it and announced that the government would fully fund the project itself.
In a statement issued here on Friday, Jayalalithaa said there had been no progress in the Rs.8,000 crore power project after the Memorandum of Understanding (MoU) was signed in 2007 between the Tamil Nadu Electricity Board (TNEB) and BHEL.
The TNEB had signed the MoU with BHEL to promote the power project at Udangudi in Tuticorin district, taking a 26 percent stake each in the Udangudi Power Corporation Limited, which was promoted in 2008.
more at :
http://ibnlive.in.com/news/tn-scraps-power-joint-venture-bhel-surprised/233364-62-128.html
In a statement issued here on Friday, Jayalalithaa said there had been no progress in the Rs.8,000 crore power project after the Memorandum of Understanding (MoU) was signed in 2007 between the Tamil Nadu Electricity Board (TNEB) and BHEL.
The TNEB had signed the MoU with BHEL to promote the power project at Udangudi in Tuticorin district, taking a 26 percent stake each in the Udangudi Power Corporation Limited, which was promoted in 2008.
more at :
http://ibnlive.in.com/news/tn-scraps-power-joint-venture-bhel-surprised/233364-62-128.html
Tuesday, February 21, 2012
19% import duty likely on power equipment; BHEL reacts
Shares of major Bharat Heavy Electricals (BHEL) gained more than 4% today, on reports that government is mulling a 19% import duty on power equipment for mega projects.
It touched an intraday high of Rs 317.40 and an intraday low of Rs 308. At 09:48 hrs the share was quoting at Rs 316.70, up Rs 13.25, or 4.37%.
It was trading with volumes of 467,283 shares. In the previous trading session, the share closed up 6.53% or Rs 18.60 at Rs 303.45.
The company's trailing 12-month (TTM) EPS was at Rs 125.82 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 2.52. The latest book value of the company is Rs 82.34 per share. At current value, the price-to-book value of the company was 3.85. The dividend yield of the company was 1.97%.
ref:
http://www.moneycontrol.com/news/buzzing-stocks/19-import-duty-likelypower-equipment-bhel-reacts_671251.html
It touched an intraday high of Rs 317.40 and an intraday low of Rs 308. At 09:48 hrs the share was quoting at Rs 316.70, up Rs 13.25, or 4.37%.
It was trading with volumes of 467,283 shares. In the previous trading session, the share closed up 6.53% or Rs 18.60 at Rs 303.45.
The company's trailing 12-month (TTM) EPS was at Rs 125.82 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 2.52. The latest book value of the company is Rs 82.34 per share. At current value, the price-to-book value of the company was 3.85. The dividend yield of the company was 1.97%.
ref:
http://www.moneycontrol.com/news/buzzing-stocks/19-import-duty-likelypower-equipment-bhel-reacts_671251.html
Monday, February 20, 2012
Government mulls global bidding process for ultra-mega power project developers
To provide a level-playing field to domestic power equipment suppliers such as BHEL and L&T, the government is considering to make it mandatory for ultra-mega power project (UMPP) developers to obtain equipment through global bidding process.
At present, state-owned power utility NTPC obtains equipment through the global bidding process, while the UMPPs follow the bilateral negotiations route.
"The Ministry of Power has to work out a scheme to give same treatment as that of NTPC to the UMPPs," sources told reporters.
The ministry is preparing a Cabinet note on the subject, they added.
ref:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/government-mulls-global-bidding-process-for-ultra-mega-power-project-developers/articleshow/11966774.cms
At present, state-owned power utility NTPC obtains equipment through the global bidding process, while the UMPPs follow the bilateral negotiations route.
"The Ministry of Power has to work out a scheme to give same treatment as that of NTPC to the UMPPs," sources told reporters.
The ministry is preparing a Cabinet note on the subject, they added.
ref:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/government-mulls-global-bidding-process-for-ultra-mega-power-project-developers/articleshow/11966774.cms
Thursday, February 16, 2012
Five reasons why BHEL shares have jumped
Shares of heavy equipment maker Bharat Heavy Electricals Limited soared on the bourses today. BHEL traded 9% higher at Rs 309.90 at 1000 hours in an up market today.
Here are the reasons why the stock has suddenly spiked:
1) The Supreme Court yesterday cleared the way for state-run power generation utility NTPC Ltd to place orders worth Rs 16,000 crore for supercritical equipment. The court ruled that Ansaldo Caldaie, an Italian boiler maker, had failed to technically qualify for the bidding process.
2) BHEL witnessed a negative order inflow of Rs 3,500 crore for the October-December quarter. For the nine months ending December 2011, the order inflow for BHEL stood at Rs 10,000 crore against a guidance of Rs 55,000 crore for FY12.
3) The bulk tender award will be a significant boost to BHEL's order book. BHEL is assured of Rs 5,000 crore worth of orders after the Supreme Court Order.
4) Government's thrust to speed up stalled projects to improve near-term outlook.
5) Analysts say BHEL is trading at 12-times FY13E earnings and still has headroom to reflect this optimism.
ref:
http://profit.ndtv.com/News/Article/five-reasons-why-bhel-shares-have-jumped-298023
Here are the reasons why the stock has suddenly spiked:
1) The Supreme Court yesterday cleared the way for state-run power generation utility NTPC Ltd to place orders worth Rs 16,000 crore for supercritical equipment. The court ruled that Ansaldo Caldaie, an Italian boiler maker, had failed to technically qualify for the bidding process.
2) BHEL witnessed a negative order inflow of Rs 3,500 crore for the October-December quarter. For the nine months ending December 2011, the order inflow for BHEL stood at Rs 10,000 crore against a guidance of Rs 55,000 crore for FY12.
3) The bulk tender award will be a significant boost to BHEL's order book. BHEL is assured of Rs 5,000 crore worth of orders after the Supreme Court Order.
4) Government's thrust to speed up stalled projects to improve near-term outlook.
5) Analysts say BHEL is trading at 12-times FY13E earnings and still has headroom to reflect this optimism.
ref:
http://profit.ndtv.com/News/Article/five-reasons-why-bhel-shares-have-jumped-298023
Wednesday, February 15, 2012
ONGC stake sale gets nod, BHEL to wait
An Empowered Group of Ministers (EGoM) on Wednesday approved the auction route for selling 5 per cent stake in state-run oil major ONGC before the end of the current fiscal. The proposed disinvestment of government stake in BHEL has, however, been postponed to the next fiscal.
The EGoM, headed by Finance Minister Pranab Mukherjee, met to decide on stake sale in the two major PSUs with a view to mopping up about Rs 14,500 crore in the current fiscal, up from the Rs 1,145 crore raised so far.
With BHEL now out of the divestment agenda for the current fiscal, only the ONGC follow-on issue is expected to garner additional revenues of around Rs 12,000 crore for this fiscal year. The panel would meet again to decide on the time and base price of the stake sale.
more ar:
http://www.indianexpress.com/news/ONGC-stake-sale-gets-nod--BHEL-to-wait/912590/
The EGoM, headed by Finance Minister Pranab Mukherjee, met to decide on stake sale in the two major PSUs with a view to mopping up about Rs 14,500 crore in the current fiscal, up from the Rs 1,145 crore raised so far.
With BHEL now out of the divestment agenda for the current fiscal, only the ONGC follow-on issue is expected to garner additional revenues of around Rs 12,000 crore for this fiscal year. The panel would meet again to decide on the time and base price of the stake sale.
more ar:
http://www.indianexpress.com/news/ONGC-stake-sale-gets-nod--BHEL-to-wait/912590/
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