Bhel’s cash flow declines due to delayed payments

Cash flow at state-owned Bharat Heavy Electricals Ltd (Bhel) is slowing because private power project developers are delaying payments for dispatched material, which could potentially impact profits at India’s largest power generation equipment manufacturer.

“Our outstandings from the power sector and industry are going up,” a company executive said on condition of anonymity. “Some private sector developers are not paying on time.”

The payments that are due (from various debtors) rose 38.29% to Rs.30,569.29 crore at the end of the September quarter from Rs.22,103.93 crore in the year earlier.

more at:
http://www.livemint.com/2011/11/28201425/Bhel8217s-cash-flowdecline.html?atype=tp

BHEL, NTPC play turnaround specialists

Public sector undertakings are seldom known to script a corporate turnaround.

BHEL and NTPC Ltd, though, are exceptions. Both have managed to turn around two perpetually bleeding state-owned undertakings that were taken out of the Board for Industrial and Financial Reconstruction (BIFR) and placed under their respective charge.

more at:
http://www.thehindubusinessline.com/industry-and-economy/economy/article2644268.ece?homepage=true&ref=wl_home

BHEL Q2 profit down by 23pct

Bharat Heavy Electricals has posted a net profit of INR 14.12 billion for the quarter ended September 30th 2011 as compared to INR 11.42 billion for the quarter ended September 30th 2010, representing an increase of 23.62%.

The company’s net sales has increased 23.66% from INR 83.28 billion for the quarter ended September 30th 2010 to INR 102.99 billion for the quarter ended September 30th 2011.

(Sourced from IRIS.com)

ref:
http://www.steelguru.com/indian_news/BHEL_Q2_profit_down_by_23pct/236655.html

BHEL, Bhopal manufactures Indigenously designed Live Steam Reheater

The HCM Department of BHEL, Bhopal has successfully manufactured the indigenously designed Live Steam Reheater (LSR). BHEL is the first Indian manufacturer to possess this technology. It took the company four years of hard work to give final shape to the LSR project. Ultra modern technology equipment and 140mm defect free welding of special alloy steel was utilised in the manufacturing of the LSR.

The concluding test on the LSR was conducted in presence of Nuclear Power Corporation and it met all prescribed parameters.

This is the highest ever pressure designed vessel for steam reheating. In addition to meeting the functional requirements, it can withstand internal forces, earthquakes and heavy piping loads.

U.C. Shrivastava, GM, PDX & J. K. Bhati, GM, Quality flagged off the LSR for dispatch to be set up at 500 MW Pressurized Fast Breeder Reactor at Kalpakkam, Chennai. N.R. Edkie, GM, Fabrication, Subhash Saxena, GM, CDC, D. K. Dixit, GM, WEX & MOD, Devdatt Pathak, AGM-HCM and other senior officials were also present during the flagging off ceremony.

ref:
http://machinist.in/index.php?option=com_content&task=view&id=3978&Itemid=2

HCM Dept Bhel successfully manufactures LCR

HCM Department BHEL, Bhopal adding one more gem to its glorified crown has successfully manufactured the indigenously designed Live Steam Reheater, LSR. General Manager, PDX UC Shrivastava and General Manager, Quality JK Bhati flagged off the LSR for dispatch to be set up at 500 MW Pressurised Fast Breeder Reactor at Kalpakkam, Chennai. General Manager, Fabrication NR Edkie, General Manager, CDC Subhash Saxena, General Manager, WEX & MOD DK Dixit, AGM-HCM Devdatt Pathak and other senior officials were also present on the occasion.

BHEL has now become the first Indian manufacturer to possess the above technology. This is the highest ever pressure designed vessel of steam to steam reheating. Ultra modern technology, equipments and 140mm defect free welding of special alloy steel was used in the manufacturing of LSR. HCM Department after four years of hard work gave final shape to the high quality technological innovation. The concluding test was conducted in presence of the esteemed customer Nuclear Power Corporation (NPC) meeting all prescribed parameters.

more at:
http://www.dailypioneer.com/state-editions/bhopal/20951-inbrief.html

BHEL Q2 profit climbs 23.6%

Bharat Heavy Electricals (BHEL) has posted a net profit of Rs 14.12 billion for the quarter ended Sept. 30, 2011 as compared to Rs 11.42 billion for the quarter ended Sept. 30, 2010, representing an increase of 23.62%.

Net sales has increased 23.66% from Rs 83.28 billion for the quarter ended Sept. 30, 2010 to Rs 102.99 billion for the quarter ended Sept. 30, 2011.

Shares of the company declined Rs 6.7, or 2.07%, to settle at Rs 317.40. The total volume of shares traded was 265,894 at the BSE (Monday).


ref:
http://www.myiris.com/newsCentre/storyShow.php?fileR=20111114171315715&dir=2011/11/14&secID=resultanal&code1=&code=

B. Prasada Rao, CMD, BHEL receives Ninth Wärtsilä Mantosh Sondhi Award

Wärtsilä India has conferred the Ninth Wärtsilä Mantosh Sondhi Award on B. Prasada Rao, Chairman & Managing Director, Bharat Heavy Electricals Ltd (BHEL) for his outstanding contribution to the energy sector in India. The award ceremony was held at the Trident, Mumbai, yesterday and Shri. B. Prasada Rao accepted the prestigious award from Björn Rosengren, President and CEO, Wärtsilä Corporation.

B. Prasada Rao is the Chairman and Managing Director of Bharat Heavy Electricals Limited, a USD 9.65 billion company that ranks among the leading companies of the world engaged in the field of Power Plant Equipment. He holds a Masters degree in Industrial Engineering from NITIE, Mumbai and is a Mechanical Engineering Graduate from Jawaharlal Nehru Technological University, Kakinada, Andhra Pradesh.

ref:
http://www.indiainfoline.com/Markets/News/B.-Prasada-Rao-CMD-BHEL-receives-Ninth-W%C3%A4rtsil%C3%A4-Mantosh-Sondhi-Award/5286625729