BHEL achieves one more milestone

Bharat Heavy Electricals Limited (BHEL) has successfully commenced another 250 MW coal-based thermal unit at the upcoming Bongaigaon Thermal Power Station (TPS) in Assam. They have executed three coal fired units of 250 MW each at Bongaigaon TPS of NTPC Limited, and it’s the highest rated coal based power plant in the North East Region. For commencing this project, BHEL has demolished an old 4x60 MW power station of Assam State Electricity Board. BHEL is one of the market leaders in the Indian power sector with a installation base of over 170,000 MW of power plant, equipped globally. As per the recent CEA(Central Electricity Authority) study on the performance of sub-critical sets in the country, those which are supplied by BHEL have shown less coal consumption per unit of power consumed. BHEL is also executing a gas based combined cycle project of 98.4 MW at Assam. - See more at: http://www.dsij.in/article-details/articleid/19072/bhel-achieves-one-more-milestone.aspx#sthash.w62L5HDE.dpuf ref: http://www.dsij.in/article-details/articleid/19072/bhel-achieves-one-more-milestone.aspx

BHEL commissions 660 MW supercritical thermal unit in Maharashtra

Bharat Heavy Electricals Limited (BHEL) has commissioned a 660 Megawatt (MW) super critical thermal unit for Mouda power station at Nagpur in Maharashtra. BHEL said the order for setting up two coal-based thermal units of 660 MW was placed on BHEL by NTPC Ltd. “Notably, this is the fourth unit to be commissioned by BHEL at Mouda, where one unit of 660 MW and two units of 500 MW supplied and executed by BHEL, are already in operation,” the company said. The power equipment company further said the key equipment for the project has been manufactured by BHEL at its Haridwar, Trichy, Hyderabad, Ranipet and Bengaluru works, while the construction of the plant was undertaken by the company's power sector - western region. Supercritical units are more efficient, eco-friendly and consume lesser coal and in that segment, BHEL has manufactured and executed of 660 MW, 700 MW and 800 MW sets. ref: http://energy.economictimes.indiatimes.com/news/power/bhel-commissions-660-mw-supercritical-thermal-unit-in-maharashtra/57733724

BHEL stock up 3% as 800 MW thermal plant goes operational

Shares of BHEL settled with gains of over 3 per cent today following the launch of commercial operations of the power equipment maker’s first 800 MW unit of a supercritical thermal plant. The BHEL scrip settled at Rs. 166.45, up 3.13 per cent, on BSE. It opened at Rs. 162.70 and touched intra-day high of Rs. 167.50. The stock ended the day on NSE at Rs. 166.70, up 3.32 per cent. After opening at Rs. 162, it touched a high of Rs. 167.85 during the intra-day trade. The market capitalisation of the company increased by 3.13 per cent to Rs. 40,740.30 crore on BSE. “The milestone was achieved for the first unit of the 2x800 MW Yeramarus thermal power station of Raichur Power Corporation Limited (RPCL), in Raichur district of Karnataka,” BHEL said in a statement. BHEL said it completed this state-of-the-art supercritical project on turnkey basis. It also marked BHEL’s foray as a developer of power generation. ref: http://www.thehindubusinessline.com/companies/bhel-stock-up-3-as-800-mw-thermal-plant-goes-operational/article9585527.ece

BHEL pays 40% interim dividend for 2016-17

BHEL has paid an interim dividend of 40 per cent for 2016-17, which in terms of amounts to Rs. 194.8 crore. With this, it has maintained its impeccable track record of earning profits and rewarding investors by paying dividends uninterruptedly for four decades without a break, the company said in a statement. According to the statement, a cheque of Rs. 123.47 crore towards interim dividend for 2016-17 on the equity (63.06 per cent) held by the Central Government was presented to the Heavy Industries Minister, Anant Geete, by BHEL CMD Atul Sobti here, in the presence of Heavy Industries Secretary, Girish Shankar, yesterday. BHEL directors as well as other senior officials of the ministry were present. ref: http://www.thehindubusinessline.com/companies/bhel-pays-40-interim-dividend-for-201617/article9575644.ece

NTPC drops plan to exit BHEL JV, govt forms panel to revive it

After securing the board approval last year to exit NTPC BHEL Power Projects Pvt Ltd, the state-owned power generator has now shelved its plan to turn its back on the loss-making joint venture company. The development comes in the wake of the ministry of power setting up a committee to explore ways to infuse life into the struggling equipment maker for power plants. Bharat Heavy Electricals Chairman and Managing Director Atul Sobti heads the panel. “We are no more pursuing that plan of shelving the JV. If need be, we will put more equity into it,” an NTPC source said. The two companies have Rs. 50 crores each as equity invested in the joint venture. “NTPC wanted BHEL to acquire its 50% stake in the JV, acquire all the assets and liabilities and absorb all the employees,” another source familiar with the development had told Moneycontrol recently, adding the company had little revenue visibility after 6 months and hence would need a fresh injection of new orders or a new blueprint to sustain itself. ref: http://www.moneycontrol.com/news/business/ntpc-drops-plan-to-exit-bhel-jv-govt-forms-panel-to-revive-it_8546061.html

Bhel looks to pivot from power sector to transportation, electric vehicles

In an attempt to keep pace with the fast-changing electricity sector, state-run Bharat Heavy Electricals Ltd (Bhel) is positioning itself as a transportation solutions provider, particularly in crowded urban settings. India’s largest power generation equipment maker wants to become a turn-key metro rail end-to-end solutions provider and also manufacture electric vehicles such as buses, cars, two-wheelers and boats. While Bhel has signed an agreement with Ashok Leyland Ltd and Tata Motors Ltd for developing a propulsion system for buses, the public sector unit is also seeking technical collaboration to manufacture metro rail locomotives and has initiated separate talks with Hitachi Transportation Systems, Mitsubishi Heavy Industries and Škoda Transportation. ref : http://www.livemint.com/Industry/JM0aTcCUuIG80iRHrymIEP/Bhel-looks-to-pivot-from-power-sector-to-transportation-ele.html

BHEL Q3 profit seen at Rs 31 cr on EBITDA, revenue may grow 17%

BHEL is expected to turn profitable in quarter ended December 2016, with net income at Rs 31 crore against loss of Rs 1,100 crore in year-ago quarter. Revenue during the quarter is seen rising 16.8 percent to Rs 6,220 crore compared with Rs 5,325 crore in same quarter last year, according to average of estimates of analysts polled by CNBC-TV18. Operating profit is likely to support bottomline. EBITDA (earnings before interest, tax, depreciation and amortisation) is expected to be at Rs 72 crore against loss of Rs 1,600 crore and margin may be at 1.2 percent on yearly basis. Analysts expect fixed cost recovery to be higher. Key factors to watch out for would be provision write back, slow moving orders, order inflow and margin performance. ref: http://www.moneycontrol.com/news/result-poll/bhel-q3-profit-seen-at-rs-31-crebitda-revenue-may-grow-17_8435501.html