BHEL redraws HR policy

BHEL is in the process of reorienting its HR policy to prepare its employees to counter the competition put up by multinational firms, besides preparing them for a succession planning in the coming years. The reorientation has been spurred by the fact that about 11,000 of its employees comprising around 22 per cent of its total staff strength are retiring over the next five years. The company has started working on a succession planning initiative, which will focus on grooming the remaining 19,000 employees who have less than five-year experience. "These young people will take over the baton from the senior people who will be retiring. We will prepare them according to the competition and challenges which the power sector, especially our segment, is expected to see,” BHEL’s Director (Human Resources) R Krishnan told Business Standard. Accordingly training programmes will be developed internally (within the company) and externally (from outside agencies) to fill in the gaps. The company has hired Ernst & Young for conducting programmes for its employees. Employees might also be shifted to different departments/positions according to their seniority levels, he said. more at: http://business-standard.com/india/news/bhel-redraws-hr-policy/165740/on

BHEL Q4 net up 20.8% YoY at Rs 3,380 crore

Bharat Heavy Electricals Ltd (BHEL) posted a net profit of Rs 3,379.81 crore for the quarter ended March 31, 2012, from Rs 2,798.04 crore for the quarter ended March 31, 2011. Total income increased to Rs 19,987.85 crore in the same quarter from Rs 18,589.25 crore in the year-ago period. The company posted a net profit of Rs 7,039.96 crore for the year ended March 31, 2012, compared to Rs 6,011.2 crore for the year ended March 31, 2011. Total income increased to Rs 49,244.44 crore for the year ended March 31, 2012, from Rs 43,267.23 crore the previous year. more at : http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-news/bhel-q4-net-up-20-8-yoy-at-rs-3380-crore/articleshow/13407779.cms

Bhel bags contract for 1,320-MW Solapur power project

Bhel today said it has bagged a contract for supplying equipment at Solapur Super Thermal Power Project in Maharashtra. The company did not provide financial details of the contract. "Bhel has won a contract for supply and installation of Electrostatic Precipitator (ESP) package for 2x660 MW (1,320 MW) Solapur Supercritical Thermal Power Project," the company said in a statement. Bhel's scope of work in the contract involves design, engineering, manufacture, supply, and erection and commissioning of the complete ESP package. The ESP shall be manufactured at Bhel's Ranipet plant, while the High Voltage Rectifier Transformers will be supplied by the company's Jhansi plant. Bhel's Power Sector — Western Region will be responsible for erection and commissioning of the ESP, the statement said. ref: http://www.business-standard.com/india/news/bhel-bags-contract-for-1320-mw-solapur-power-project/165510/on

BHEL's current valuation - cheapest in the decade

Bharat Heavy Electrical Limited's (Bhel) stock touched a 52 week low of Rs 197.80 in the morning trade today. While the stock did recover some of its losses by the end of the trading day to close at Rs 202, the consistent decline in the company's share price over past couple of years has made this heavy weight one of the cheapest available capital goods companies in the markets today. At the current levels, Bhel's share trades at a price-earning multiple of about 7.7, which in fact, its lowest valuation since 2002. The stock had earlier commanded a price earning multiple of 8.3 in Dec '02 and had been on an increasing trajectory until Dec '2007 when it was one of the most expensive stocks commanding a P/E of over 45. ref; http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/bhels-current-valuation--cheapest-in-the-decade/articleshow/13263675.cms

Bhel bags Rs 380 cr order for gas-based plant in Rajasthan

Bhel today said it has bagged Rs 380 crore order for setting up a 160 MW gas- based plant in Rajasthan. Bhel has secured a contract for setting up a 160 MW Combined Cycle Power Plant (CCPP) in Rajasthan from Rajya Vidyut Utpadan Nigam Limited (RRVUNL), said an official release. The Rs 380 crore contract is the expansion project (Stage IV) of Ramgarh power plant in Jaisalmer district of Rajasthan. Bhel's scope of work envisages design, engineering, manufacture, supply, erection and commissioning of the Main Plant and providing equipment for the Gas-based power project, it said. The equipment for the project will be supplied by Bhel's Hyderabad, Trichy and Bangalore plants, while the company's power sector Northern Region will undertake erection and commissioning of the equipment. ref: http://www.business-standard.com/india/news/bhel-bags-rs-380-cr-order-for-gas-based-plant-in-rajasthan/164977/on

BHEL-ISG bags CHP order from NTPC Meja

Bharat Heavy Electricals Ltd's Industrial Systems Group has won an order worth INR 312 crore from NTPC for its Meja Thermal Power Project. The ISG will supply the coal handling plant package. BHEL-ISG specialises in system integration of bulk material handling such as cal and ash handling systems for thermal power plants, raw material handling for industry, balance of plant equipment for hydro projects. ISG also specialises in drives, controls & automation of iron making, steel making, rolling mills & finishing lines for steel industry on Engineering, Procurement & Construction basis. ref: http://www.steelguru.com/indian_news/BHELISG_bags_CHP_order_from_NTPC_Meja/262342.html

BHEL CMD reviews projects

The Chairman and Managing Director of Bharat Heavy Electricals Limited, B.Prasada Rao, reviewed the ongoing projects at the public sector major's Tiruchi unit on Thursday. Mr.Rao also inaugurated a high productive CNC Horizontal Boring Machine used for production of high pressure valves as part of Phase –III capacity augmentation scheme at Valves Shop of the BHEL here, according to a BHEL press release. He also chaired a meeting with the senior executives to review the ongoing projects, operational issues and improvements made in reducing the cycle time for subcritical and once-through supercritical boilers. Emphasising the importance of supplying boiler components on time for various on going power projects, Mr.Rao urged officials of the Tiruchi unit to assimilate and master supercritical boiler technology, which would be the mainstay of future. He also called upon the officials to give a thrust to develop and support more vendors as the Tiruchi unit has been set a turnover target of Rs.17,250 crore turnover with an output of 7,17,464 tonnes of boiler components. It was also imperative to bring down cost through better productivity, he said. more at: http://www.thehindu.com/news/cities/Tiruchirapalli/article3386848.ece