JP Morgan's document on BHEL is a must read
If you are intersted in tracking BHEL, visit:
http://www.scribd.com/full/2052395?access_key=key-rtgaim3o3tavbcvlrc
Wednesday, April 30, 2008
Tuesday, April 29, 2008
NTPC, Bhel JV to focus on Africa
The joint venture formalized on Tuesday by state-owned generation utility NTPC and heavy machine manufacturer Bhel for planning, designing and building power plants will raise domestic power equipment-making capacity and provide a vehicle to offer package deals for grabbing opportunities in Africa, West and South-East Asia.
The joint venture aims at investing Rs 5,000 crore in its operations and is targeting capacity to supply equipment for generating 5,000-6,000 mw. The investment will be made in the debt-equity ration of 70:30. The deal was signed in the presence of power minister Sushil Kumar Shinde and heavy industries minister Santosh Mohan Deb.
"This should have been done earlier," junior power minister Jairam Ramesh said debunking criticism that such ventures will dilute Bhel's domain expertise. "It will add a third player in the country after Bhel and L&T. Bhel's 15,000 mw and L&T's 4,000 mw capacities will remain. This venture will add another 5,000-6,000 mw...there will be more competition."
"This vehicle can now offer a package deal to countries in Africa and West Asia. Bhel already has some capacity in Africa and is eyeing more contracts." he said
source:
http://timesofindia.indiatimes.com/Business/India_Business/NTPC_Bhel_JV_to_focus_on_Africa/articleshow/2996854.cms
The joint venture aims at investing Rs 5,000 crore in its operations and is targeting capacity to supply equipment for generating 5,000-6,000 mw. The investment will be made in the debt-equity ration of 70:30. The deal was signed in the presence of power minister Sushil Kumar Shinde and heavy industries minister Santosh Mohan Deb.
"This should have been done earlier," junior power minister Jairam Ramesh said debunking criticism that such ventures will dilute Bhel's domain expertise. "It will add a third player in the country after Bhel and L&T. Bhel's 15,000 mw and L&T's 4,000 mw capacities will remain. This venture will add another 5,000-6,000 mw...there will be more competition."
"This vehicle can now offer a package deal to countries in Africa and West Asia. Bhel already has some capacity in Africa and is eyeing more contracts." he said
source:
http://timesofindia.indiatimes.com/Business/India_Business/NTPC_Bhel_JV_to_focus_on_Africa/articleshow/2996854.cms
BHEL plans to increase R&D expense to Rs 900 cr
Bharat Heavy Electricals Ltd (BHEL) has planned to raise its Research & Development (R&D) expense to Rs 900 crores by 2011-12, its Group General Manager, Dr A L Chandraker said on Tuesday.
The company has spent a record Rs 465 crores on R & D during FY 07-08 which was 83 per cent more than the previous year Rs 239 crores, he said.
Chandraker said that BHEL achieved a turnover of Rs 2936 crore through company wide commercialisation of products and systems developed through in house R & D which amounts to Rs 13.6 per cent of the total company's business.
BHEL has filed 175 patents and copyrights during the year enhancing the patents and copyrights to 664 which are in productive use in the company's business, he said.
Highlighting the achievements during the FY 2007-08, Chandrakar said that a new centre for intelligent machines and robotics (CIMAR) was established at the corporate R & D. Besides several programmes were initiated to accelerate development in nano-technology and ceramic filters, he added.
He informed that for the first time in the country BHEL has commissioned a gas fired spray pyrolysis system for pilot scale synthesis of nano materials at the R & D of Ceramic Technological Institute at Bangalore.
It has also developed a permanent compact 65KV magnet generator which is suitable as pilot exciter for 500 MW as well as contemporary 800 MW turbogenerator, he added.
Source
http://economictimes.indiatimes.com/News_by_Industry/BHEL_plans_to_increase_RD_expense_to_Rs_900_cr/articleshow/2996125.cms
The company has spent a record Rs 465 crores on R & D during FY 07-08 which was 83 per cent more than the previous year Rs 239 crores, he said.
Chandraker said that BHEL achieved a turnover of Rs 2936 crore through company wide commercialisation of products and systems developed through in house R & D which amounts to Rs 13.6 per cent of the total company's business.
BHEL has filed 175 patents and copyrights during the year enhancing the patents and copyrights to 664 which are in productive use in the company's business, he said.
Highlighting the achievements during the FY 2007-08, Chandrakar said that a new centre for intelligent machines and robotics (CIMAR) was established at the corporate R & D. Besides several programmes were initiated to accelerate development in nano-technology and ceramic filters, he added.
He informed that for the first time in the country BHEL has commissioned a gas fired spray pyrolysis system for pilot scale synthesis of nano materials at the R & D of Ceramic Technological Institute at Bangalore.
It has also developed a permanent compact 65KV magnet generator which is suitable as pilot exciter for 500 MW as well as contemporary 800 MW turbogenerator, he added.
Source
http://economictimes.indiatimes.com/News_by_Industry/BHEL_plans_to_increase_RD_expense_to_Rs_900_cr/articleshow/2996125.cms
Monday, April 28, 2008
NTPC-BHEL venture eyes equipment manufacturing
The new BHEL-NTPC joint venture could virtually create a brand new player in the equipment manufacturing space in the country.
The new venture, christened NTPC-BHEL Power Projects Pvt Ltd., is likely to aim at setting up greenfield facilities with an annual capacity for manufacturing generation sets totalling 5,000-MW by 2012.
The venture could set up manufacturing base across three possible sites — Visakhapatnam for boilers, Pune for turbines and a possible site in West Bengal for balance-of-plant equipment, according to Government sources.
“BHEL is set to take over Visakhapatnam-based Bharat Heavy Plate and Vessels Ltd. and hence that could be the logical location for making boilers.
The engineering hub of Pune could well be the location for manufacturing turbines while possible sites in West Bengal are being considered for setting up a facility for balance-of-plant equipment, including coal handling plants,” a Government source involved in the exercise said.
The venture, which is set to be launched on Tuesday, is scheduled to take a final call on the locations in the due course.
Having been initially envisaged with the specific mandate to take up engineering, procurement and construction (EPC) contracts in India and abroad, the venture plans to spend up to Rs 10,000 crore through a combination of debt and equity for kicking off equipment manufacturing operations. The EPC mandate for the new venture includes plant engineering, project management, quality insurance, quality control, procurement, logistics, site management, erection and commissioning services.
“NTPC Ltd. and BHEL intend to work jointly to complement their respective strengths through formation of the JV.
“Considering the large capacity addition plan in the country during the Eleventh and Twelfth Five Year Plans, there is a need to expand the domestic power equipment manufacturing capability as well as to strengthen the related manufacturing activities including Balance of Plant etc.
“NTPC Ltd. and BHEL intend to leverage their respective strengths and synergies to set up manufacturing facilities of energy related equipments for generation of power and also for taking up EPC of power plants and other infrastructure projects,” an official said.
Hitherto, NTPC, as a generation utility, and BHEL, as an EPC contractor, have worked together on several domestic projects earlier, though without a formal partnership in place.
BHEL has designed and manufactured equipment that accounts for about 70 per cent of NTPC’s current installed capacity.
Source;
http://www.thehindubusinessline.com/2008/04/29/stories/2008042950260300.htm
The new venture, christened NTPC-BHEL Power Projects Pvt Ltd., is likely to aim at setting up greenfield facilities with an annual capacity for manufacturing generation sets totalling 5,000-MW by 2012.
The venture could set up manufacturing base across three possible sites — Visakhapatnam for boilers, Pune for turbines and a possible site in West Bengal for balance-of-plant equipment, according to Government sources.
“BHEL is set to take over Visakhapatnam-based Bharat Heavy Plate and Vessels Ltd. and hence that could be the logical location for making boilers.
The engineering hub of Pune could well be the location for manufacturing turbines while possible sites in West Bengal are being considered for setting up a facility for balance-of-plant equipment, including coal handling plants,” a Government source involved in the exercise said.
The venture, which is set to be launched on Tuesday, is scheduled to take a final call on the locations in the due course.
Having been initially envisaged with the specific mandate to take up engineering, procurement and construction (EPC) contracts in India and abroad, the venture plans to spend up to Rs 10,000 crore through a combination of debt and equity for kicking off equipment manufacturing operations. The EPC mandate for the new venture includes plant engineering, project management, quality insurance, quality control, procurement, logistics, site management, erection and commissioning services.
“NTPC Ltd. and BHEL intend to work jointly to complement their respective strengths through formation of the JV.
“Considering the large capacity addition plan in the country during the Eleventh and Twelfth Five Year Plans, there is a need to expand the domestic power equipment manufacturing capability as well as to strengthen the related manufacturing activities including Balance of Plant etc.
“NTPC Ltd. and BHEL intend to leverage their respective strengths and synergies to set up manufacturing facilities of energy related equipments for generation of power and also for taking up EPC of power plants and other infrastructure projects,” an official said.
Hitherto, NTPC, as a generation utility, and BHEL, as an EPC contractor, have worked together on several domestic projects earlier, though without a formal partnership in place.
BHEL has designed and manufactured equipment that accounts for about 70 per cent of NTPC’s current installed capacity.
Source;
http://www.thehindubusinessline.com/2008/04/29/stories/2008042950260300.htm
Bhel bags Rs 3,368 crore order
Bharat Heavy Electricals Ltd on Monday secured orders worth Rs 3,368 crore from Chhattisgarh State Electricity Board for supplying and installing power equipments to its projects.
"Bhel would supply and install the Main Plant Package for three 500 MW coal-based units at two power projects in Chhattisgarh," a company statement said.
The company would work towards setting up of a 500 MW unit at Korba West thermal power plant and two 500 MW units at the upcoming Marwa thermal power plant. These units would add 36 million units to the grid on commissioning.
Bhel's contract in the project would include design, engineering, manufacturing, supply, commissioning of steam turbines, generators and boilers.
The state-owned engineering giant manufactured thermal, hydro, gas and nuclear sets generated over five per cent more power in the last fiscal giving boost to power generation in the country.
The power stations equipped with Bhel sets have won maximum Meritorious Productivity Awards from the government.
source:
http://www.ndtvprofit.com/2008/04/28140357/Bhel-bags-Rs-3368-crore-order.html
"Bhel would supply and install the Main Plant Package for three 500 MW coal-based units at two power projects in Chhattisgarh," a company statement said.
The company would work towards setting up of a 500 MW unit at Korba West thermal power plant and two 500 MW units at the upcoming Marwa thermal power plant. These units would add 36 million units to the grid on commissioning.
Bhel's contract in the project would include design, engineering, manufacturing, supply, commissioning of steam turbines, generators and boilers.
The state-owned engineering giant manufactured thermal, hydro, gas and nuclear sets generated over five per cent more power in the last fiscal giving boost to power generation in the country.
The power stations equipped with Bhel sets have won maximum Meritorious Productivity Awards from the government.
source:
http://www.ndtvprofit.com/2008/04/28140357/Bhel-bags-Rs-3368-crore-order.html
Saturday, April 26, 2008
India wants BHEL norms for power plant equipments
Mr Jairam Ramesh union minister of state for power & commerce recently said that centre will try to standardize power projects to ensure that only technologies proven in Indian conditions are used.
Hinting at a move against imports of entire plants, he said that power projects with imported equipment are not proving viable. He added that "We found that 20% of the 78,000 MW capacity to be added during the 11th Plan period will have the main plant package imported from China. But the machinery from China already used in West Bengal’s Sagardighi and Durgapur has proved inefficient in operating with Indian coal, which has a high ash content."
Mr Ramesh said that "BHEL has proved itself with 500 MW plant packages and we are insisting that the BHEL standard should be implemented in all Indian power projects." He added that while BHEL is increasing its equipment making capacity from the current 10,000 MW to 15,000 MW by 2011, Larsen & Toubro is setting up a facility of 4000 MW capacity per annum at Hazira.
Alstom & Alsando are already negotiating with the government for boiler making units and the proposed joint venture of power utility NTPC Limited and BHEL of 4000 MW capacity will be commissioned by 2012.
Mr Ramesh said that orders have already been placed for 71,000 MW, but given India’s long term power demand projection, orders for 25,000 MW to 30,000 MW have to be placed every year. The new manufacturing units will be able to make timely delivery of these orders.
Mr Sushil Kumar Shinde union power minister had earlier said that China has 5 or 6 companies meeting the annual capacity addition of nearly 60,000 MW and India needs to learn from the China experience and have more manufacturers to support its power program.
source:
http://steelguru.com/news/index/2008/04/26/NDMyNjk%3D/India_wants_BHEL_norms_for_power_plant_equipments.html
Hinting at a move against imports of entire plants, he said that power projects with imported equipment are not proving viable. He added that "We found that 20% of the 78,000 MW capacity to be added during the 11th Plan period will have the main plant package imported from China. But the machinery from China already used in West Bengal’s Sagardighi and Durgapur has proved inefficient in operating with Indian coal, which has a high ash content."
Mr Ramesh said that "BHEL has proved itself with 500 MW plant packages and we are insisting that the BHEL standard should be implemented in all Indian power projects." He added that while BHEL is increasing its equipment making capacity from the current 10,000 MW to 15,000 MW by 2011, Larsen & Toubro is setting up a facility of 4000 MW capacity per annum at Hazira.
Alstom & Alsando are already negotiating with the government for boiler making units and the proposed joint venture of power utility NTPC Limited and BHEL of 4000 MW capacity will be commissioned by 2012.
Mr Ramesh said that orders have already been placed for 71,000 MW, but given India’s long term power demand projection, orders for 25,000 MW to 30,000 MW have to be placed every year. The new manufacturing units will be able to make timely delivery of these orders.
Mr Sushil Kumar Shinde union power minister had earlier said that China has 5 or 6 companies meeting the annual capacity addition of nearly 60,000 MW and India needs to learn from the China experience and have more manufacturers to support its power program.
source:
http://steelguru.com/news/index/2008/04/26/NDMyNjk%3D/India_wants_BHEL_norms_for_power_plant_equipments.html
Friday, April 25, 2008
BHEL`s power equipments generate 454.6 bn units of power
Power equipments built by state-run Bharat Heavy Electricals (BHEL) registered a record generation of 454.6 billion units of electricity in 2007-08, compared to 432.6 billion units in the year-ago period.
BHEL manufactured thermal, hydro, gas and nuclear sets generated over 5% more power in the last fiscal giving boost to power generation in the country.
The 200-500 mw thermal sets made by BHEL (Q, N,C,F)* boosted the country`s thermal generating capacity.
Shares of the company were last trading up Rs 12.1, or 0.66%, at Rs 1,839. The total volume of shares traded at the BSE was 194,090 (2.42 p.m., Thursday).
Ref:
http://www.myiris.com/newsCentre/newsPopup.php?fileR=20080424150014173&dir=2008/04/24&secID=livenews
BHEL manufactured thermal, hydro, gas and nuclear sets generated over 5% more power in the last fiscal giving boost to power generation in the country.
The 200-500 mw thermal sets made by BHEL (Q, N,C,F)* boosted the country`s thermal generating capacity.
Shares of the company were last trading up Rs 12.1, or 0.66%, at Rs 1,839. The total volume of shares traded at the BSE was 194,090 (2.42 p.m., Thursday).
Ref:
http://www.myiris.com/newsCentre/newsPopup.php?fileR=20080424150014173&dir=2008/04/24&secID=livenews
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