Members of Parliamentary Standing Committee on Industry visited Bharat Heavy Electricals Limited (BHEL), Tiruchi today to assess BHEL's general working and performance.
At a meeting held at its premises, a wide range of issues were discussed including BHEL’s plan to meet out the huge power capacity additions with matching capabilities to produce and deliver power plant equipment, competitions faced, order booking position, Joint Venture agreements, discharging its corporate social responsibility, its international operations and status of Integrated Gasification Combined Cycle (IGCC) technology.
The Department-related Parliamentary Standing Committee headed by Rajya Sabha MP from Tamil Nadu Shri Tiruchi N Siva (Chairman) comprises Members of Parliament Shri G Sanjeeva Reddy (Andhra Pradesh) , Shri Ashk Ali Tak (Rajasthan), Proj SP Singh Baghel (Uttar Pradesh), Shri Nandamuri Harikrishna (Andhra Pradesh) , Smt Poonam Velhibhai Jat (Gujarat), Shri Ram Singh Kaswan (Rajasthan), Shri M Krishnaswamy (Tamil Nadu), Shri Bharat Ram Meghwal (Rajasthan) and Shri Gorakhnath Pandey (Uttar Pradesh).
BHEL’s contribution to Industrial, Railway, Renewable Energy and Defence sectors were also discussed.
more at : http://machinist.in/index.php?option=com_content&task=view&id=2806&Itemid=2
Sunday, October 31, 2010
Bhel’s order flows expected to slow
Bharat Heavy Electricals Ltd’s (Bhel) results for the September quarter were slightly better than expectations. Revenue rose by 25.7% to Rs. 8,328 crore, and earnings before interest, tax, depreciation and amortization (Ebitda) grew by 32.5% to Rs. 1,632 crore. The Ebitda margin improved by around 100 basis points, which came as a positive surprise. One basis point is one-hundredth of a percentage point.
But note that margins would have been flat, but for a drop in net provisions made for contractual obligations, liquidity damage and doubtful debt. In last year’s September quarter, these provisions, accounted for in “other expenditure”, amounted to Rs. 82.2 crore. In the last quarter, they fell to around Rs. 35 crore, according to a report by Alchemy Research. Net of provisions, the improvement in margins would be just 20 basis points and the increase in Ebitda would have more or less tracked the rise in sales.
more at : http://www.livemint.com/2010/10/31211908/Bhel8217s-order-flows-expec.html
But note that margins would have been flat, but for a drop in net provisions made for contractual obligations, liquidity damage and doubtful debt. In last year’s September quarter, these provisions, accounted for in “other expenditure”, amounted to Rs. 82.2 crore. In the last quarter, they fell to around Rs. 35 crore, according to a report by Alchemy Research. Net of provisions, the improvement in margins would be just 20 basis points and the increase in Ebitda would have more or less tracked the rise in sales.
more at : http://www.livemint.com/2010/10/31211908/Bhel8217s-order-flows-expec.html
Friday, October 29, 2010
BHEL Q2 net up 33% to Rs 1,142 cr
Bharat Heavy Electricals (BHEL) today registered a 33 per cent growth in its standalone net profit at Rs 1,142.28 crore for the second quarter ended September 30, over the same period last year.
The company had reported a net profit of Rs 857.88 crore in the July-September quarter last fiscal, BHEL said in a filing to the Bombay Stock Exchange.
Net sales of the Bangalore-based firm rose to Rs 8,328.41 crore from Rs 6,625.21 crore in the same quarter a year ago, it added.
Shares of BHEL were trading at Rs 2,475 per piece on the BSE , up 0.95 per cent from the previous close
ref:
http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-news/BHEL-Q2-net-up-33-to-Rs-1142-cr/articleshow/6833835.cms
The company had reported a net profit of Rs 857.88 crore in the July-September quarter last fiscal, BHEL said in a filing to the Bombay Stock Exchange.
Net sales of the Bangalore-based firm rose to Rs 8,328.41 crore from Rs 6,625.21 crore in the same quarter a year ago, it added.
Shares of BHEL were trading at Rs 2,475 per piece on the BSE , up 0.95 per cent from the previous close
ref:
http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-news/BHEL-Q2-net-up-33-to-Rs-1142-cr/articleshow/6833835.cms
Thursday, October 28, 2010
BHEL Share holding pattern as on 30.9.2010
You may have a look at shareholding pattern of BHEL at
http://www.bhel.com/dynamic_files//press_files/pdf/shareholding_sep_2010.pdf
http://www.bhel.com/dynamic_files//press_files/pdf/shareholding_sep_2010.pdf
Wednesday, October 27, 2010
BHEL advertises recruitment for Skilled Artisans
Bharat Heavy Electricals Limited (BHEL) has publised advertisement for recruitment of skilled artisans for its Ranipet unit in Tamil Nadu. BHEL, Ranipet is a workforce of around 2700 employee, is looking for 173 Skilled Artisans in the following areas:
Skilled Artisan : 173 posts (OBC-45, SC-34, ST-2) of Skilled Artisans (Fitter-96, Welder-40, Mechanist-06, Electrician-6, Material Handling Operaor-20, AC Mechanic-3, CNC Electronic Mechanic-2).
Age: Upper age limit as on 01/10/2010 - 27 years.
Fee: Rs. 125/- for General & OBC candidates should be paid into "BHEL - Ranipet Power Jyoti Account No.: 31170378124" only by a challan form.
How to Apply: Apply Online only at BHEL Ranipet website only upto 15/11/2010.
Please visit http://artrect.bhelrpt.co.in/ for details and apply online
ref:
http://www.mynews.in/career_edu/news_page.php?id=103942
Skilled Artisan : 173 posts (OBC-45, SC-34, ST-2) of Skilled Artisans (Fitter-96, Welder-40, Mechanist-06, Electrician-6, Material Handling Operaor-20, AC Mechanic-3, CNC Electronic Mechanic-2).
Age: Upper age limit as on 01/10/2010 - 27 years.
Fee: Rs. 125/- for General & OBC candidates should be paid into "BHEL - Ranipet Power Jyoti Account No.: 31170378124" only by a challan form.
How to Apply: Apply Online only at BHEL Ranipet website only upto 15/11/2010.
Please visit http://artrect.bhelrpt.co.in/ for details and apply online
ref:
http://www.mynews.in/career_edu/news_page.php?id=103942
BHEL flags off gas compressor for HPCL Mittal Energy unit
It is reported that BHEL Ramchandrapuram has dispatched a recycle gas compressor train for CCR unit to Guru Gobind Singh Refinery Bhathinda.
The Hydrogen recycle gas compressor was flagged off by Mr Prabh Das CEO of HPCL Mittal Energy Ltd in the presence of Mr R Krishnan executive director and other senior officials of BHEL.
The company is executing an order from HPCL Mittal Energy for supply of three steam turbine driven compressors for its Guru Gobind Singh Refinery Project at Bhathinda in Punjab.
The total value of the project is estimated at INR 79.9 crore. The compressor was earlier successfully tested for hydraulic, mechanical and gas leak test according to international standard of American Petroleum Institute.
(Sourced from Business Line)
ref:
http://www.steelguru.com/indian_news/BHEL_flags_off_gas_compressor_for_HPCL_Mittal_Energy_unit/171900.html
The Hydrogen recycle gas compressor was flagged off by Mr Prabh Das CEO of HPCL Mittal Energy Ltd in the presence of Mr R Krishnan executive director and other senior officials of BHEL.
The company is executing an order from HPCL Mittal Energy for supply of three steam turbine driven compressors for its Guru Gobind Singh Refinery Project at Bhathinda in Punjab.
The total value of the project is estimated at INR 79.9 crore. The compressor was earlier successfully tested for hydraulic, mechanical and gas leak test according to international standard of American Petroleum Institute.
(Sourced from Business Line)
ref:
http://www.steelguru.com/indian_news/BHEL_flags_off_gas_compressor_for_HPCL_Mittal_Energy_unit/171900.html
Sunday, October 24, 2010
ONGC's first commercial power project to start next year
The state-owned Oil and Natural Gas Corporation's (ONGC) first ever 726 MW commercial power project would start generating electricity next year, officials said here on Sunday.
"The first unit (363 MW) of the 726 MW power plant would start producing electricity December next year," said Sudhindra Kumar Dube, managing director of the ONGC Tripura Power Co Ltd (OTPC), a new company formed for commissioning the project.
The ONGC's biggest power project is being commissioned in Palatana, about 60 km south of here, at a cost of Rs 9,000 crore. "The power project would fully start generating 726 MW power by March 2012," Dube, accompanied by BHEL (Bharat Heavy Electricals Limited) chairman B.P. Rao, said.
The power project chief said that the Bangladesh government has agreed to allow India to use its waterways to transport the turbines and heavy machines for the power project, for which Prime Minister Manmohan Singh had laid the foundation stone in October 2005.
He said that India would develop a jetty in the Ashuganj river port in Meghna river in eastern Bangladesh, 31 km from Agartala and expand the road, if necessary, across the border, to ferry the equipment for the project. He said dispatching the heavy equipment by surface within India (through the mountainous northeastern states) is extremely difficult.
"A consortium comprising of the US-based General Electric (GE) and India's state-run BHEL has been awarded contract to supply the all-important gas turbines for the thermal power project," he added.
According to ONGC officials, the state-run Power Grid Corp of India Limited (PGCIL), OTPC and the northeastern states would set up a 660-km transmission line at the cost of Rs.1,771 crore to hook Palatana with the national grid at Bongaigaon in western Assam.
The much expected commissioning of the power project, a co-generation waste heat recovery power plant and ONGC's first major commercial project, has been delayed due to difficulties in transporting heavy turbines and machineries to south Tripura.
ref:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/ONGCs-first-commercial-power-project-to-start-next-year/articleshow/6803515.cms
"The first unit (363 MW) of the 726 MW power plant would start producing electricity December next year," said Sudhindra Kumar Dube, managing director of the ONGC Tripura Power Co Ltd (OTPC), a new company formed for commissioning the project.
The ONGC's biggest power project is being commissioned in Palatana, about 60 km south of here, at a cost of Rs 9,000 crore. "The power project would fully start generating 726 MW power by March 2012," Dube, accompanied by BHEL (Bharat Heavy Electricals Limited) chairman B.P. Rao, said.
The power project chief said that the Bangladesh government has agreed to allow India to use its waterways to transport the turbines and heavy machines for the power project, for which Prime Minister Manmohan Singh had laid the foundation stone in October 2005.
He said that India would develop a jetty in the Ashuganj river port in Meghna river in eastern Bangladesh, 31 km from Agartala and expand the road, if necessary, across the border, to ferry the equipment for the project. He said dispatching the heavy equipment by surface within India (through the mountainous northeastern states) is extremely difficult.
"A consortium comprising of the US-based General Electric (GE) and India's state-run BHEL has been awarded contract to supply the all-important gas turbines for the thermal power project," he added.
According to ONGC officials, the state-run Power Grid Corp of India Limited (PGCIL), OTPC and the northeastern states would set up a 660-km transmission line at the cost of Rs.1,771 crore to hook Palatana with the national grid at Bongaigaon in western Assam.
The much expected commissioning of the power project, a co-generation waste heat recovery power plant and ONGC's first major commercial project, has been delayed due to difficulties in transporting heavy turbines and machineries to south Tripura.
ref:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/ONGCs-first-commercial-power-project-to-start-next-year/articleshow/6803515.cms
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