The Boiler Auxiliaries Plant (BAP) of Bharat Heavy Electricals Limited (BHEL) at Ranipet achieved a turnover of Rs.4,210 crore during 2011-12, according to T. N. Veeraraghavan, Executive Director, BHEL, Ranipet.
Addressing A press conference here on Thursday, Mr. Veeraraghavan said that the plant achieved a profit before tax of Rs.1,260 crore.
The Ranipet plant designed and erected, for the first time, the tallest 80-metre steel chimney at Indian Oil Corporation's refinery in Barauni. A salient feature of the BAP's performance last year was the in-house development of large-size air pre-heaters (APH) for 660 MW super critical thermal sets.
more at:
http://www.thehindu.com/business/article3284579.ece
Thursday, April 5, 2012
Wednesday, April 4, 2012
BHEL Bhopal FY12 profit up at Rs 801 cr
The Bharat Heavy Electricals Limited (BHEL) Bhopal unit has clocked a turnover of Rs 4,780 crore in the last fiscal. SS Gupta, executive director, BHEL Bhopal, said the unit's profit before tax (PBT) rose 15% to Rs 801 crore during the fiscal 2011-12 as compared to Rs 696 crore the previous year.
The unit's turnover jumped 19% at Rs 4,778 crore as compared to Rs 4,208 crore the previous year, Gupta said.
more at:
http://timesofindia.indiatimes.com/city/bhopal/BHEL-Bhopal-FY12-profit-up-at-Rs-801-cr/articleshow/12541016.cms
The unit's turnover jumped 19% at Rs 4,778 crore as compared to Rs 4,208 crore the previous year, Gupta said.
more at:
http://timesofindia.indiatimes.com/city/bhopal/BHEL-Bhopal-FY12-profit-up-at-Rs-801-cr/articleshow/12541016.cms
Tuesday, April 3, 2012
Bhel withdraws FPO, net rises 14%
State-run power equipment manufacturer Bhel on Tuesday said it has withdrawn the initial papers for a follow-on offer filed with the markets watchdog, even as it posted a 14% rise in net profit at Rs 6,868 crore in 2011-12 from Rs 6,011 crore in 2010-11 on the back of higher operational efficiency.
"We received instructions from the department of disinvestment that the DRHP (draft red herring prospectus) has to be withdrawn," company chairman B P Rao said. He declined to elaborate on the reason for withdrawing the DRHP. Bhel had filed the DRHP last September for offloading 5% of its 67.7% stake in the company for Rs 4,000 crore.
more at:
http://timesofindia.indiatimes.com/business/india-business/Bhel-withdraws-FPO-net-rises-14/articleshow/12525681.cms
"We received instructions from the department of disinvestment that the DRHP (draft red herring prospectus) has to be withdrawn," company chairman B P Rao said. He declined to elaborate on the reason for withdrawing the DRHP. Bhel had filed the DRHP last September for offloading 5% of its 67.7% stake in the company for Rs 4,000 crore.
more at:
http://timesofindia.indiatimes.com/business/india-business/Bhel-withdraws-FPO-net-rises-14/articleshow/12525681.cms
BHEL open to collaborations with Chinese firms
Bharat Heavy Electricals (BHEL), which is facing stiff competition from Chinese equipment makers, today said it is open for collaboration with companies from the neighbouring country.
In response to a query on whether the company would be open for collaboration with Chinese entities, BHEL Chairman and Managing Director B Prasada Rao said, "If it adds value to us, we are open to that".
Import of cheaper Chinese power equipment are impacting state-run BHEL which today posted a net profit of Rs 6,868 crore for the year ended March, 2012.
The government is looking at higher import duty on Chinese power gear to provide a level playing field for domestic manufacturers such as BHEL.
Announcing the annual results, Rao said the company is open for collaborations with the private sector.
"Definitely, we will be providing [help] if the private sector comes for help from us. Secondly, we are open for that [collaboration with private sector]," he noted.
more at:
http://business-standard.com/india/news/bhel-open-to-collaborationschinese-firms/162253/on
In response to a query on whether the company would be open for collaboration with Chinese entities, BHEL Chairman and Managing Director B Prasada Rao said, "If it adds value to us, we are open to that".
Import of cheaper Chinese power equipment are impacting state-run BHEL which today posted a net profit of Rs 6,868 crore for the year ended March, 2012.
The government is looking at higher import duty on Chinese power gear to provide a level playing field for domestic manufacturers such as BHEL.
Announcing the annual results, Rao said the company is open for collaborations with the private sector.
"Definitely, we will be providing [help] if the private sector comes for help from us. Secondly, we are open for that [collaboration with private sector]," he noted.
more at:
http://business-standard.com/india/news/bhel-open-to-collaborationschinese-firms/162253/on
Monday, April 2, 2012
BHEL sets Rs 8,379-cr target for 2012-13
BHEL Hyderabad has set a target of Rs 8,379 crore for the financial year 2012-13, according to its new Executive Director, Mr R.K. Wanchoo.
The R.C. Puram unit of the power utility company achieved its highest-ever annual turnover of Rs 7,072 crore (provisional) for fiscal 2011-12.
In a communication to employees of the unit, Mr Wanchoo said manufacture of large-sized 270-MW generators and advance technology AC-based oil rigs were high on the agenda for the year.
The company secured orders worth Rs 774 crore for the supply of six sets of E-2000 oil rigs. Similarly, the R.C. Puram unit tied up with GE for advanced gas turbines and with MHI of Japan for pumps for supercritical applications
Mr Wanchoo said a new division has been created to undertake erection and commissioning of gas-based projects. This will supplement the products being manufactured at the existing units with respect to their marketability. The necessary experienced manpower would be inducted.
Though the order is good, the big challenge ahead is to address issues of reduction in price and delivery time quickly to take lead in the competitive market, he said.
ref:
http://www.thehindubusinessline.com/companies/article3272758.ece?homepage=true&ref=wl_home
The R.C. Puram unit of the power utility company achieved its highest-ever annual turnover of Rs 7,072 crore (provisional) for fiscal 2011-12.
In a communication to employees of the unit, Mr Wanchoo said manufacture of large-sized 270-MW generators and advance technology AC-based oil rigs were high on the agenda for the year.
The company secured orders worth Rs 774 crore for the supply of six sets of E-2000 oil rigs. Similarly, the R.C. Puram unit tied up with GE for advanced gas turbines and with MHI of Japan for pumps for supercritical applications
Mr Wanchoo said a new division has been created to undertake erection and commissioning of gas-based projects. This will supplement the products being manufactured at the existing units with respect to their marketability. The necessary experienced manpower would be inducted.
Though the order is good, the big challenge ahead is to address issues of reduction in price and delivery time quickly to take lead in the competitive market, he said.
ref:
http://www.thehindubusinessline.com/companies/article3272758.ece?homepage=true&ref=wl_home
Sunday, April 1, 2012
Supervisor Trainee (HR) Recruitment open till 17 April 2012
Diary Dates:
Commencement of on-line submission of applications: 27th March, 2012.
Closing of on-line submission of Applications : 17th April, 2012.
Last date of receipt of Ack. Slips at BHEL: 1st May, 2012.
Last date of receipt of Ack. Slips from far flung area/North East : 8th May, 2012.
Acknowledgement slip along with Challan (If applicable) and relevant documents are to be sent to:
AGM (HR)
BHEL – EPD
Prof C N R Rao Circle,
Opposite IISc, Malleshwaram
Bangalore – 560012
ref:
http://careers.bhel.in/hrlive/jsp/st_eng_index.jsp
Commencement of on-line submission of applications: 27th March, 2012.
Closing of on-line submission of Applications : 17th April, 2012.
Last date of receipt of Ack. Slips at BHEL: 1st May, 2012.
Last date of receipt of Ack. Slips from far flung area/North East : 8th May, 2012.
Acknowledgement slip along with Challan (If applicable) and relevant documents are to be sent to:
AGM (HR)
BHEL – EPD
Prof C N R Rao Circle,
Opposite IISc, Malleshwaram
Bangalore – 560012
ref:
http://careers.bhel.in/hrlive/jsp/st_eng_index.jsp
ET's recruitment result declared
Provisional Offer of Appointment are now available for downloading. For doing so, please go to Latest Status page .
http://careers.bhel.in/etrlive/jsp/et_eng_index.jsp
http://careers.bhel.in/etrlive/jsp/et_eng_index.jsp
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