Bharat Heavy Electricals (BHEL) announced that it is signing a joint venture (JV) agreement with Governement of Kerala on Sept. 08, 2010.
This agreement will be signed for forming a joint venture company to acquire the Kasargod unit of KEL which manufactures alternators for railway applications and other industrial applications.
ref:
http://www.myiris.com/newsCentre/storyShow.php?fileR=20100908094032203&secID=fromnewsroom&secTitle=From%20the%20News%20Room&dir=2010/09/08
Wednesday, September 8, 2010
Tuesday, September 7, 2010
Bhel plans NBFC for power projects
Flush with funds, state-run power equipment manufacturer Bharat Heavy Electricals (Bhel) is entering the financing business in a big way. Keen to transform itself into a provider of total solutions to generation projects, Bhel has decided to float a non-banking finance company (NBFC) along with a strategic partner to finance power projects.
“It (the proposed NBFC) will act as our investment arm. Bhel will pick up a minority stake in the proposed NBFC and get other strategic investors on board,” Bhel chairman BP Rao told FE. “It will help improve our business prospects. Besides, it will also allow us to maximise returns on our cash reserves,” Rao said.
Bhel has started the process to select a consultant which could undertake a feasibility study and advise it on setting up the NBFC.
Bhel plans to leverage the funding support to attract potential customers for its equipment. At the same time, it also wants to optimise returns on its cash reserves of Rs 10,000 crore, mostly parked in low-yielding government securities
More at:
http://www.indianexpress.com/news/bhel-plans-nbfc-for-power-projects/678738/
“It (the proposed NBFC) will act as our investment arm. Bhel will pick up a minority stake in the proposed NBFC and get other strategic investors on board,” Bhel chairman BP Rao told FE. “It will help improve our business prospects. Besides, it will also allow us to maximise returns on our cash reserves,” Rao said.
Bhel has started the process to select a consultant which could undertake a feasibility study and advise it on setting up the NBFC.
Bhel plans to leverage the funding support to attract potential customers for its equipment. At the same time, it also wants to optimise returns on its cash reserves of Rs 10,000 crore, mostly parked in low-yielding government securities
More at:
http://www.indianexpress.com/news/bhel-plans-nbfc-for-power-projects/678738/
Monday, September 6, 2010
IGCAR to develop advanced boiler for coal-fired power plants- signs MOU with BHEL
The Indira Gandhi Centre for Atomic Research (IGCAR) in Kalpakkam has decided to design and develop a 800 MW advanced, ultra super-critical boiler for use in coal-fired power plants.
IGCAR has signed a Memorandum of Understanding (MoU) with power equipment manufacturer BHEL and power generating company NTPC.
As per plans, IGCAR will design and develop the advanced, ultra super-critical boiler that can operate at a pressure of 350 bar (a measure of steam pressure) and at a temperature of 700 degree centigrade.
While BHEL will manufacture the boiler and other equipment needed for power generation and NTPC will operate the plant.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/IGCAR-to-develop-advanced-boiler-for-coal-fired-power-plants/articleshow/6505670.cms
IGCAR has signed a Memorandum of Understanding (MoU) with power equipment manufacturer BHEL and power generating company NTPC.
As per plans, IGCAR will design and develop the advanced, ultra super-critical boiler that can operate at a pressure of 350 bar (a measure of steam pressure) and at a temperature of 700 degree centigrade.
While BHEL will manufacture the boiler and other equipment needed for power generation and NTPC will operate the plant.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/IGCAR-to-develop-advanced-boiler-for-coal-fired-power-plants/articleshow/6505670.cms
Sunday, September 5, 2010
India''s first Geothermal power plant to come up in AP
This has nothing to with BHEl, but, read on.....
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India's fist Geothermal power plant with an initial capacity of 25 Megawatts will be coming up in Andhra Pradesh's Khammam district by 2012, an official said today. India's first Geothermal Power Purchase Agreement (PPA) between GeoSyndicate Power Pvt Ltd (an incubated company of Indian Institute of Technology, Bombay) and Northern Power Distribution Company of AP Ltd (APNPDC) was signed recently in this connection, Dr D Chandrasekharam, Founder and Chairman of Geosyndicate told PTI here today. The signing of the agreement was done under the aegis of the Non-conventional Energy Development Corporation of Andhra Pradesh Limited (NEDCAP), he said. Andhra Pradesh is the first state in the country to have executed this PPA with India's one and only Indian geothermal company with eminent scientists and technocrats on its board, Chandrasekharam said. Global warming and climate change is and will continue to be one of the key challenges the world has to face in the coming decades and "Geothermal energy could play a vital role in mitigating these challenges by reducing dependence on fossil fuels and provide clean energy," he said. GeoSyndicate looks forward to play a significant role in reducing the country's carbon foot print by setting up the Geothermal plant, he added.
ref:
http://ibnlive.in.com/generalnewsfeed/news/indias-first-geothermal-power-plant-to-come-up-in-ap/279579.html
---
India's fist Geothermal power plant with an initial capacity of 25 Megawatts will be coming up in Andhra Pradesh's Khammam district by 2012, an official said today. India's first Geothermal Power Purchase Agreement (PPA) between GeoSyndicate Power Pvt Ltd (an incubated company of Indian Institute of Technology, Bombay) and Northern Power Distribution Company of AP Ltd (APNPDC) was signed recently in this connection, Dr D Chandrasekharam, Founder and Chairman of Geosyndicate told PTI here today. The signing of the agreement was done under the aegis of the Non-conventional Energy Development Corporation of Andhra Pradesh Limited (NEDCAP), he said. Andhra Pradesh is the first state in the country to have executed this PPA with India's one and only Indian geothermal company with eminent scientists and technocrats on its board, Chandrasekharam said. Global warming and climate change is and will continue to be one of the key challenges the world has to face in the coming decades and "Geothermal energy could play a vital role in mitigating these challenges by reducing dependence on fossil fuels and provide clean energy," he said. GeoSyndicate looks forward to play a significant role in reducing the country's carbon foot print by setting up the Geothermal plant, he added.
ref:
http://ibnlive.in.com/generalnewsfeed/news/indias-first-geothermal-power-plant-to-come-up-in-ap/279579.html
BHEL looking for technology provider to make heavy turbines
Bharat Heavy Electricals Limited (BHEL) is searching for a technology provider to manufacture heavy turbines for the Atomic Power Stations to come up in the wake of the US-Indo Civilian Nuclear agreement.
"We are holding talks with some Multi National Companies (MNCs) for the technical know-how to go in for production of heavy turbines at BHEL here," a top official told PTI.
"BHEL has plan to manufacture turbines for 700 and 1000 mega watt atomic power units in the country," he said.
After finalising the third party (technology provider), BHEL along with Nuclear Power Corporation of India Limited (NPCIL) will ink the pact with it, the officer, who preferred anonymity, said.
Besides turbines, BHEL Bhopal will try its hands at other equipment manufacturing for the atomic stations, the official said.
He said that their city based unit was not new to manufacturing atomic power station turbines, adding that their Haridwar-based unit in the past had manufactured generators for the atomic power stations.
ref:
http://www.business-standard.com/india/news/bhel-looking-for-technology-provider-to-make-heavy-turbines/107731/on
"We are holding talks with some Multi National Companies (MNCs) for the technical know-how to go in for production of heavy turbines at BHEL here," a top official told PTI.
"BHEL has plan to manufacture turbines for 700 and 1000 mega watt atomic power units in the country," he said.
After finalising the third party (technology provider), BHEL along with Nuclear Power Corporation of India Limited (NPCIL) will ink the pact with it, the officer, who preferred anonymity, said.
Besides turbines, BHEL Bhopal will try its hands at other equipment manufacturing for the atomic stations, the official said.
He said that their city based unit was not new to manufacturing atomic power station turbines, adding that their Haridwar-based unit in the past had manufactured generators for the atomic power stations.
ref:
http://www.business-standard.com/india/news/bhel-looking-for-technology-provider-to-make-heavy-turbines/107731/on
Chinese equipment stalls Durgapur Power plant; seeks BHEL help
Facing problems with Chinese power equipments, state owned Durgapur Projects Limited is believed to have approached BHEL for carrying out repair and recommission the 300 MW thermal power plant in West Bengal.
Chinese firm Dong Fang had supplied turbine to DPL, which has become inoperable due to some technical snag since nearly last three months, sources in the know said.
When contacted, Li Qi, CEO of Dong Fang (India), said, "Two months ago we were informed by DPL that some snag has developed in the equipment... We completed this project one year ago and transferred it to DPL."
Meanwhile, BHEL sources confirmed that DPL has contacted them to put the unit back on stream. In view of the Chinese technology, BHEL will have to resort to reverse engineering to gauge the extent of the problem before offering solutions.
more at:
http://economictimes.indiatimes.com/articleshow/6496995.cms
Chinese firm Dong Fang had supplied turbine to DPL, which has become inoperable due to some technical snag since nearly last three months, sources in the know said.
When contacted, Li Qi, CEO of Dong Fang (India), said, "Two months ago we were informed by DPL that some snag has developed in the equipment... We completed this project one year ago and transferred it to DPL."
Meanwhile, BHEL sources confirmed that DPL has contacted them to put the unit back on stream. In view of the Chinese technology, BHEL will have to resort to reverse engineering to gauge the extent of the problem before offering solutions.
more at:
http://economictimes.indiatimes.com/articleshow/6496995.cms
Saturday, September 4, 2010
stock market - BHEL in consolidation phase
BHEL (Rs 2,392.6): The structural uptrend that began in September 2001 in BHEL continues to be in force. The 2008 crash managed to drag the stock down 66 per cent from its all-time high of Rs 2,925. But the stock had then retraced only around 61 per cent of the uptrend from 2001 trough, keeping the long-term outlook positive. The uptrend from October 2008 lows has also been very strong indicating a bullish undercurrent in the stock.
That said the stock is in a protracted sideways consolidation since last June. The positive bias in this sideways move is reflected in the higher peaks and troughs formed within this range. The stock has also managed to move above its key intermediate-term resistance at Rs 2,200 and is holding above this level over the last 11 months.
Investors with a short- to medium-term perspective can hold the stock with the stop at Rs 2,300. There is a possibility of the stock declining to Rs 2,100 or Rs 1,950 over the ensuing weeks. Investors with a longer investment horizon can hold with a deeper stop at Rs 1,940. Near-term targets for the stock are at Rs 2,750 and Rs 2,925.
If the correction in BHEL halts above Rs 1,950, the stock can move on to Rs 3,650 over the next couple of years. Decline below the aforementioned support will keep the stock oscillating between Rs 1,500 and Rs 3,000 over the long-term.
ref:
http://www.thehindubusinessline.com/iw/2010/09/05/stories/2010090551100600.htm
That said the stock is in a protracted sideways consolidation since last June. The positive bias in this sideways move is reflected in the higher peaks and troughs formed within this range. The stock has also managed to move above its key intermediate-term resistance at Rs 2,200 and is holding above this level over the last 11 months.
Investors with a short- to medium-term perspective can hold the stock with the stop at Rs 2,300. There is a possibility of the stock declining to Rs 2,100 or Rs 1,950 over the ensuing weeks. Investors with a longer investment horizon can hold with a deeper stop at Rs 1,940. Near-term targets for the stock are at Rs 2,750 and Rs 2,925.
If the correction in BHEL halts above Rs 1,950, the stock can move on to Rs 3,650 over the next couple of years. Decline below the aforementioned support will keep the stock oscillating between Rs 1,500 and Rs 3,000 over the long-term.
ref:
http://www.thehindubusinessline.com/iw/2010/09/05/stories/2010090551100600.htm
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