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
Wednesday, April 23, 2008
Order buzz powers Bhel
Meanwhile, the BSE Sensex was down 22.32 points, or 0.13%, to 16,717.01, as disappointing results posted by Bank of America Corp, the largest US retail bank, kept concerns about the fallout of the global credit crisis alive.
On BSE, 2.70 lakh shares were traded in the counter. The scrip had an average daily volume of 2.78 lakh shares in the past one quarter.
The stock hit a high of Rs 1827 and a low of Rs 1755 so far during the day. The stock had a 52-week high of Rs 2925 on 7 November 2007 and a 52-week low of Rs 1197.50 on 11 May 2007.
The large-cap scrip had underperformed the market over the past one month till 21 April 2008, declining 4.05% compared to the Sensex’s return of 11.63%. It had also underperformed the market in the past one quarter, declining 10.67% compared to Sensex’s return of 0.06%.
The company’s current equity is Rs 489.52 crore. Face value per share is Rs 10.
The current price of Rs 1810 discounts its Q3 December 2007 EPS of Rs 63.07, by a PE multiple of 28.70.
On 17 March 2008, Bharat Heavy Electricals (Bhel) secured orders worth around Rs 2,030 crore for an upcoming 1,000-megawatt thermal power project.
On 29 February 2008, Bhel received an order worth Rs 1893 crore from GSPC Pipavav Power Co in western India for a 700 megawatt plant.
On 14 February 2008, the company bagged an order worth Rs 200 crore from Oil & Natural Gas Corporation for supplying oil field equipment.
On 8 February 2007, the company bagged an order worth Rs 3390 crore for setting up two units of 500 megawatt each in a thermal power station in northern Uttar Pradesh.
Bhel’s net profit rose 15.6% to Rs 771.90 crore on 14.4% growth in net sales to Rs 4964.14 crore in Q3 December 2007 over Q3 December 2006.
Bhel is engaged in manufacturing and distributing electrical, electronic, and mechanical and nuclear power equipment.
source:
http://www.ndtvprofit.com/2008/04/22154857/Order-buzz-powers-Bhel.html
On BSE, 2.70 lakh shares were traded in the counter. The scrip had an average daily volume of 2.78 lakh shares in the past one quarter.
The stock hit a high of Rs 1827 and a low of Rs 1755 so far during the day. The stock had a 52-week high of Rs 2925 on 7 November 2007 and a 52-week low of Rs 1197.50 on 11 May 2007.
The large-cap scrip had underperformed the market over the past one month till 21 April 2008, declining 4.05% compared to the Sensex’s return of 11.63%. It had also underperformed the market in the past one quarter, declining 10.67% compared to Sensex’s return of 0.06%.
The company’s current equity is Rs 489.52 crore. Face value per share is Rs 10.
The current price of Rs 1810 discounts its Q3 December 2007 EPS of Rs 63.07, by a PE multiple of 28.70.
On 17 March 2008, Bharat Heavy Electricals (Bhel) secured orders worth around Rs 2,030 crore for an upcoming 1,000-megawatt thermal power project.
On 29 February 2008, Bhel received an order worth Rs 1893 crore from GSPC Pipavav Power Co in western India for a 700 megawatt plant.
On 14 February 2008, the company bagged an order worth Rs 200 crore from Oil & Natural Gas Corporation for supplying oil field equipment.
On 8 February 2007, the company bagged an order worth Rs 3390 crore for setting up two units of 500 megawatt each in a thermal power station in northern Uttar Pradesh.
Bhel’s net profit rose 15.6% to Rs 771.90 crore on 14.4% growth in net sales to Rs 4964.14 crore in Q3 December 2007 over Q3 December 2006.
Bhel is engaged in manufacturing and distributing electrical, electronic, and mechanical and nuclear power equipment.
source:
http://www.ndtvprofit.com/2008/04/22154857/Order-buzz-powers-Bhel.html
Tuesday, April 22, 2008
BHEL able to meet demand of PSU power cos
The government on Tuesday said BHEL has been able to meet demands of state-run power companies, but, there were delays in execution of some projects due to dependency for inputs from multiple agencies.
In a written reply to the Rajya Sabha, Minister of State for Heavy Industries and Public Enterprises Raghunath Jha said Bharat Heavy Electricals has been able to meet demands of public sector power companies for supplying power generating equipment.
He said the main reason for not meeting demand in terms of implementation of power projects is delay in customer inputs and customer approval, change in specifications during execution and infrastructure inadequacies.
"Another reason is shortage of special imported types of raw materials which are not manufactured indigenously and for which there is shortage worldwide due to heavy capacity booking by Chinese companies," he said.
With a view to meeting the growing demand of power equipment and the emerging power capacity requirements in the country, BHEL is taking steps to enhance its power generation equipment manufacturing capacity from 10,000 MW to 15,000 MW per annum by December 2009, Jha added.
source:
http://economictimes.indiatimes.com/News/News_By_Industry/Energy/Power/BHEL_able_to_meet_demand_of_PSU_power_cos/articleshow/2973022.cms
In a written reply to the Rajya Sabha, Minister of State for Heavy Industries and Public Enterprises Raghunath Jha said Bharat Heavy Electricals has been able to meet demands of public sector power companies for supplying power generating equipment.
He said the main reason for not meeting demand in terms of implementation of power projects is delay in customer inputs and customer approval, change in specifications during execution and infrastructure inadequacies.
"Another reason is shortage of special imported types of raw materials which are not manufactured indigenously and for which there is shortage worldwide due to heavy capacity booking by Chinese companies," he said.
With a view to meeting the growing demand of power equipment and the emerging power capacity requirements in the country, BHEL is taking steps to enhance its power generation equipment manufacturing capacity from 10,000 MW to 15,000 MW per annum by December 2009, Jha added.
source:
http://economictimes.indiatimes.com/News/News_By_Industry/Energy/Power/BHEL_able_to_meet_demand_of_PSU_power_cos/articleshow/2973022.cms
Monday, April 21, 2008
Bhel to tie up with pvt firms for Assam project
In a first of its kind, Bharat Heavy Electricals Ltd (Bhel), India’s largest manufacturer of power generation equipment, will partner with the private sector for setting up a power generation project.
The other partners for the 250MW power project to be set up in Cachar district of Assam, at an investment of around Rs1,250 crore, are Engineering Projects India Ltd (EPIL), PTC India Ltd and Gopal Energy Pvt. Ltd (GEPL).
Engineering Projects is a public sector firm.
“We are working on the details of the project,” Bhel chairman and managing director K. Ravi Kumar said.
While Bhel will be the main equipment supplier for the project, it will also take equity stake in the projects along with others.
A PTC executive, who did not want to be identified, confirmed the development and said, “We have been approached for our participation. We are ready for it provided that the price of power is marketable.”
Executives at the other two firms couldn’t immediately be reached for comment.
Initially, this project will have a capacity of 125MW which will subsequently be expanded to 250MW. The coal linkage of around 1.5 million tonnes per annum to the project will be provided by Coal India Ltd.
Bhel has been increasingly looking at opportunities where it can not only generate steady orders for the firm, but also potentially block out emerging rivals. It has already worked out joint venture (JV) arrangements in the public sector, such as its attempt to set up JVs with state government institutions in Maharashtra, Orissa and Uttar Pradesh as reported by Mint on 16 January.
The company has already formed a JV with the Tamil Nadu Electricity Board.
Meanwhile, on the equipment supply front, Bhel has increasingly come under criticism for delays in supplying power generation equipment for projects. This, in turn, led to delays in commissioning such projects.
“The company has already been blamed for its inability to meet its order commitments. In such a situation, how it meets the new requirements is left to be seen,” said K. Ramanathan, fellow at The Energy and Resources Institute.
Bhel aims to become a $10 billion-plus (Rs39,500 crore) company by 2011-12 with a 15,000MW equipment manufacturing capacity by the end of next year.
The company has a current manufacturing capacity of 10,000MW.
The company plans to manufacture equipment totalling 56,000MW by 2012. Ithas an order book position of 31,923MW and 9,775MW of extra equipment from unused stock.
Bhel posted a net profit of Rs2,815 crore on revenue of Rs21,608 crore in 2007-08 and ended the year with an order book position of Rs50,265 crore.
Source:
http://www.livemint.com/2008/04/22001048/Bhel-to-tie-up-with-pvt-firms.html
Ramesh
The Human Search Engine
AllUWanted.com
The other partners for the 250MW power project to be set up in Cachar district of Assam, at an investment of around Rs1,250 crore, are Engineering Projects India Ltd (EPIL), PTC India Ltd and Gopal Energy Pvt. Ltd (GEPL).
Engineering Projects is a public sector firm.
“We are working on the details of the project,” Bhel chairman and managing director K. Ravi Kumar said.
While Bhel will be the main equipment supplier for the project, it will also take equity stake in the projects along with others.
A PTC executive, who did not want to be identified, confirmed the development and said, “We have been approached for our participation. We are ready for it provided that the price of power is marketable.”
Executives at the other two firms couldn’t immediately be reached for comment.
Initially, this project will have a capacity of 125MW which will subsequently be expanded to 250MW. The coal linkage of around 1.5 million tonnes per annum to the project will be provided by Coal India Ltd.
Bhel has been increasingly looking at opportunities where it can not only generate steady orders for the firm, but also potentially block out emerging rivals. It has already worked out joint venture (JV) arrangements in the public sector, such as its attempt to set up JVs with state government institutions in Maharashtra, Orissa and Uttar Pradesh as reported by Mint on 16 January.
The company has already formed a JV with the Tamil Nadu Electricity Board.
Meanwhile, on the equipment supply front, Bhel has increasingly come under criticism for delays in supplying power generation equipment for projects. This, in turn, led to delays in commissioning such projects.
“The company has already been blamed for its inability to meet its order commitments. In such a situation, how it meets the new requirements is left to be seen,” said K. Ramanathan, fellow at The Energy and Resources Institute.
Bhel aims to become a $10 billion-plus (Rs39,500 crore) company by 2011-12 with a 15,000MW equipment manufacturing capacity by the end of next year.
The company has a current manufacturing capacity of 10,000MW.
The company plans to manufacture equipment totalling 56,000MW by 2012. Ithas an order book position of 31,923MW and 9,775MW of extra equipment from unused stock.
Bhel posted a net profit of Rs2,815 crore on revenue of Rs21,608 crore in 2007-08 and ended the year with an order book position of Rs50,265 crore.
Source:
http://www.livemint.com/2008/04/22001048/Bhel-to-tie-up-with-pvt-firms.html
Ramesh
The Human Search Engine
AllUWanted.com
Sunday, April 20, 2008
Tata Power, Bhel to sign long-term sourcing deal
In one of the biggest public-private partnership initiative, Tata Power (TPL) will enter into an agreement with state-owned Bhel for sourcing equipment for all its future power projects. This would be the first time a private sector company placing a bulk order for a series of power projects with Bhel.
Speaking to FE, Ravi Kumar, chairman and managing director, Bhel, said a memorandum of understanding (MoU) to formalise the arrangement will be signed shortly between the two Companies.
Kumar said Bhel was also talking with Reliance Power for supplying equipment for its 4,000 mw ultra mega power project at Krishnapatnam in Andhra Pradesh. To begin with, Tata Power would source equipment for a capacity of around 5,000 mw from Bhel through the negotiated route.
The list of power projects under discussions includes the 2000-2400 mw Dehrand thermal power project in Maharashtra, the 1800 mw Maithon thermal project in West Bengal, the 540 mw Naraj Marthapur project in Orissa and the 100 mw Bhira hydro power project in Maharashtra, Kumar said.
He said Bhel is executing the 250 mw Trombay and 1050 mw Maithon power projects of Tata Power. For most of the mega capacity projects like the Dehrand and Maithon power projects, Bhel has offered its 600 mw thermal sets.
Commenting on the development, the minister of state for power Jairam Ramesh said, “I welcome such partnerships as Bhel is the domestic leader in the power equipment business and should be strengthened. A similar mega sized deal is also underway between Reliance Power and Bhel. A team from Reliance Power met me last week and desired to join hands with Bhel for the EPC contract for its Rs 17,000-crore Krishnapatnam project. Such deals will also help in cutting down cheap imports from China, which has affected the growth of the capital goods sector.”
Alongside, the Cabinet is soon expected to clear the proposal for awarding a huge bulk order of around 8000 mw of supercritical sets of NTPC with Bhel on a negotiated basis.
Ramesh said the government doesn’t favour putting Bhel under the adverse competition originating from imports of plant packages, and is taking a protective stand. A policy directive making domestic manufacturing compulsory for all foreign equipment suppliers will be issued shortly.
Source:
http://www.financialexpress.com/news/Tata-Power--Bhel-to-sign-long-term-sourcing-deal/299547/
Speaking to FE, Ravi Kumar, chairman and managing director, Bhel, said a memorandum of understanding (MoU) to formalise the arrangement will be signed shortly between the two Companies.
Kumar said Bhel was also talking with Reliance Power for supplying equipment for its 4,000 mw ultra mega power project at Krishnapatnam in Andhra Pradesh. To begin with, Tata Power would source equipment for a capacity of around 5,000 mw from Bhel through the negotiated route.
The list of power projects under discussions includes the 2000-2400 mw Dehrand thermal power project in Maharashtra, the 1800 mw Maithon thermal project in West Bengal, the 540 mw Naraj Marthapur project in Orissa and the 100 mw Bhira hydro power project in Maharashtra, Kumar said.
He said Bhel is executing the 250 mw Trombay and 1050 mw Maithon power projects of Tata Power. For most of the mega capacity projects like the Dehrand and Maithon power projects, Bhel has offered its 600 mw thermal sets.
Commenting on the development, the minister of state for power Jairam Ramesh said, “I welcome such partnerships as Bhel is the domestic leader in the power equipment business and should be strengthened. A similar mega sized deal is also underway between Reliance Power and Bhel. A team from Reliance Power met me last week and desired to join hands with Bhel for the EPC contract for its Rs 17,000-crore Krishnapatnam project. Such deals will also help in cutting down cheap imports from China, which has affected the growth of the capital goods sector.”
Alongside, the Cabinet is soon expected to clear the proposal for awarding a huge bulk order of around 8000 mw of supercritical sets of NTPC with Bhel on a negotiated basis.
Ramesh said the government doesn’t favour putting Bhel under the adverse competition originating from imports of plant packages, and is taking a protective stand. A policy directive making domestic manufacturing compulsory for all foreign equipment suppliers will be issued shortly.
Source:
http://www.financialexpress.com/news/Tata-Power--Bhel-to-sign-long-term-sourcing-deal/299547/
Saturday, April 19, 2008
RIL may form JV with BHEL for solar units
Reliance Industries Limited and Bharat Heavy Electricals Limited are in talks to form a JV for setting up solar fabrication units. While RIL is scouting for partners for setting up 2 fabrication units, BHEL is looking for a strategic partner to venture into equipment manufacturing for solar power.
Mr K Ravi Kumar CMD of BHEL said that "We have received a communication from the Prime Minister’s Office in this regard and may go in for a JV with Reliance Industries."
The proposed JV is likely to venture into manufacturing of other small and medium equipment for solar power apart from the solar photo voltaic cells. The JV would also look for small and mid sized acquisitions in the international market for solar power.
The partners in waiting have not finalized the financial and technical details for the proposed JV and would firm up the plans in the next couple of months. The JV company would be eligible for capital subsidies and tax concessions for the solar fab units, a cost of INR 11,631 crore. The solar unit is proposed to be set up at Jamnagar in Gujarat.
Source:
http://steelguru.com/news/index/2008/04/20/NDI1ODE%3D/RIL_may_form_JV_with_BHEL_for_solar_units.html
Mr K Ravi Kumar CMD of BHEL said that "We have received a communication from the Prime Minister’s Office in this regard and may go in for a JV with Reliance Industries."
The proposed JV is likely to venture into manufacturing of other small and medium equipment for solar power apart from the solar photo voltaic cells. The JV would also look for small and mid sized acquisitions in the international market for solar power.
The partners in waiting have not finalized the financial and technical details for the proposed JV and would firm up the plans in the next couple of months. The JV company would be eligible for capital subsidies and tax concessions for the solar fab units, a cost of INR 11,631 crore. The solar unit is proposed to be set up at Jamnagar in Gujarat.
Source:
http://steelguru.com/news/index/2008/04/20/NDI1ODE%3D/RIL_may_form_JV_with_BHEL_for_solar_units.html
Centre wants BHEL norms, local machines in power plants
The Centre will try to standardise power projects to ensure that only technologies proven in Indian conditions are used, Minister of State for Power and Commerce Jairam Ramesh said here today.
Hinting at a move against imports of entire plants, he said power projects with imported equipment are not proving viable. “We found that 20 per cent 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,” he said.
The government-owned Bharat Heavy Electricals Ltd, which had a monopoly when imports were not allowed, has been unable to meet the demand for power plant equipment.
Last year, Union power minister Sushil Kumar Shinde had said Bhel had been asked to compete for new projects via open global tenders. This had opened the floodgates to Chinese manufacturers.
“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,” Ramesh said.
He made clear that the government is not eager to put BHEL under the adverse competition.
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 and Alsando are already negotiating with the government for boiler making units and the proposed joint venture of power utility NTPC Ltd and BHEL of 4000 mw capacity will be commissioned by 2012.
Ramesh said orders have already been placed for 71,000 mw, but given India’s long-term power demand projection, orders for 25,000-30,000 mw have to be placed every year. The new manufacturing units will be able to make timely delivery of these orders, he said.
Union power minister Sushil Kumar Shinde had earlier told The Indian Express that China has five or six 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 programme.
source;
http://www.expressindia.com/latest-news/Centre-wants-BHEL-norms-local-machines-in-power-plants/298856/
Hinting at a move against imports of entire plants, he said power projects with imported equipment are not proving viable. “We found that 20 per cent 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,” he said.
The government-owned Bharat Heavy Electricals Ltd, which had a monopoly when imports were not allowed, has been unable to meet the demand for power plant equipment.
Last year, Union power minister Sushil Kumar Shinde had said Bhel had been asked to compete for new projects via open global tenders. This had opened the floodgates to Chinese manufacturers.
“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,” Ramesh said.
He made clear that the government is not eager to put BHEL under the adverse competition.
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 and Alsando are already negotiating with the government for boiler making units and the proposed joint venture of power utility NTPC Ltd and BHEL of 4000 mw capacity will be commissioned by 2012.
Ramesh said orders have already been placed for 71,000 mw, but given India’s long-term power demand projection, orders for 25,000-30,000 mw have to be placed every year. The new manufacturing units will be able to make timely delivery of these orders, he said.
Union power minister Sushil Kumar Shinde had earlier told The Indian Express that China has five or six 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 programme.
source;
http://www.expressindia.com/latest-news/Centre-wants-BHEL-norms-local-machines-in-power-plants/298856/
Thursday, April 17, 2008
Reverse Auctions at BHEL
BHEL has lot of good brains and many look forward to implement new technologies. The material procured runs into thousands of Crores of Rupees. And many innovative processes are used to reduce procurement cost as well as to use available inventory/resources.
BHEL has implemented many computerised systems and even implemented SAP in 2002/03
BHEL attempted Reverse Auctions way back in early 2000 ( 2004/05 -- I am not sure). It is a great way to apply pressure on suppliers to reduce the price online as they can see the status of their pricing. L1 ( lowest 1 ) or L5 ( Lowest 5) or so.
A good presentation is at
http://www.dgsnd.gov.in/Copy%20of%20REVERSE%20AUCTIONS-PPP.ppt
If you want more info, feel free to write to me at rameshb@vsnl.com
Ramesh
The Human Search Engine
All U Wanted
BHEL has implemented many computerised systems and even implemented SAP in 2002/03
BHEL attempted Reverse Auctions way back in early 2000 ( 2004/05 -- I am not sure). It is a great way to apply pressure on suppliers to reduce the price online as they can see the status of their pricing. L1 ( lowest 1 ) or L5 ( Lowest 5) or so.
A good presentation is at
http://www.dgsnd.gov.in/Copy%20of%20REVERSE%20AUCTIONS-PPP.ppt
If you want more info, feel free to write to me at rameshb@vsnl.com
Ramesh
The Human Search Engine
All U Wanted
BHEL may bag NTPC deals at set price
The power ministry has finally agreed to give power equipment manufacturer Bharat Heavy Electricals (BHEL) a few of NTPC’s supercritical 660mw and 800mw projects on a negotiated basis. This would ensure smooth transfer of technology for supercritical units between Alstom-Siemens and BHEL.
A formula has been worked out that would ensure both competitive bidding as well as an opportunity for BHEL to ensure an effective technology transfer. A cabinet proposal to this effect will be taken up for consideration soon.
Sources said the proposal seeks to give some NTPC projects to BHEL at a predetermined price. Of the proposed projects, some would be given out through competitive bidding. The lowest bid in these competitively bid projects would become the price that BHEL will have to pay for the projects that it is awarded on a negotiated basis. BHEL has maintained that it would require eight to 10 units to effect the technology transfer for the supercritical units.
This, power ministry officials said, would help ensure NTPC gets the best possible price while at the same time ensuring that the “nation gets the opportunity to acquire advanced technolgy to indigenise.” The change of heart, which comes close to two years of talks between two the PSUs, may have something to do with problems at NTPC’s Barh project.
BHEL has a technology transfer arrangement with Alstom and Siemens for the 800mw supercritical units. BHEL has asked that 8-10 units of NTPC’s projects which would use 800mw supercritical technology be awarded to it, so that technology transfer from Alstom and Siemens can take place. This would allow it to internalise and develop indigenous capacities to manufacture units with supercritical technology.
The power ministry views the issue of qualitative advancement in terms of technology upgrade to be a matter of great concern; however, it was unwilling to give the projects at a negotiated price. Even though the power ministry acknowledged that only NTPC was in a position to place orders for as many as eight units simultaneously, it was unwilling to do so. The ministry felt that BHEL was not competive enough when it came to price, as was evident in at least two international NTPC tenders—Sipat (1320 mw) and Barh (1980 mw).
NTPC had floated international tenders for supercritical 660mw unit rating for both Sipat and Barh. The BHEl-Alstom-Siemens consortium had lost out in these tenders as their prices were substantially higher. The ministry is worried that when it comes to the 800mw supercritical technology the consortium may not be competitive in its price as was the case in the Sipat and Barh international contract biddings.
Over talks that lasted for nearly two years, the price at which BHEL would provide the units became a stumbling block. The ministry insisted that they would like the 800mw technology to be transferred to the Indian manufacturing sector and that they understood BHEL’s attempt to secure order of six to eight units from NTPC over which it will acquire engineering and manufacturing capability. It was felt that it would be wrong if NTPC doesn’t seek to get the best price for the units, as it would affect the cost of power.
source:
http://economictimes.indiatimes.com/News/News_By_Industry/Energy/BHEL_may_bag_NTPC_deals_at_set_price/articleshow/2958034.cms
A formula has been worked out that would ensure both competitive bidding as well as an opportunity for BHEL to ensure an effective technology transfer. A cabinet proposal to this effect will be taken up for consideration soon.
Sources said the proposal seeks to give some NTPC projects to BHEL at a predetermined price. Of the proposed projects, some would be given out through competitive bidding. The lowest bid in these competitively bid projects would become the price that BHEL will have to pay for the projects that it is awarded on a negotiated basis. BHEL has maintained that it would require eight to 10 units to effect the technology transfer for the supercritical units.
This, power ministry officials said, would help ensure NTPC gets the best possible price while at the same time ensuring that the “nation gets the opportunity to acquire advanced technolgy to indigenise.” The change of heart, which comes close to two years of talks between two the PSUs, may have something to do with problems at NTPC’s Barh project.
BHEL has a technology transfer arrangement with Alstom and Siemens for the 800mw supercritical units. BHEL has asked that 8-10 units of NTPC’s projects which would use 800mw supercritical technology be awarded to it, so that technology transfer from Alstom and Siemens can take place. This would allow it to internalise and develop indigenous capacities to manufacture units with supercritical technology.
The power ministry views the issue of qualitative advancement in terms of technology upgrade to be a matter of great concern; however, it was unwilling to give the projects at a negotiated price. Even though the power ministry acknowledged that only NTPC was in a position to place orders for as many as eight units simultaneously, it was unwilling to do so. The ministry felt that BHEL was not competive enough when it came to price, as was evident in at least two international NTPC tenders—Sipat (1320 mw) and Barh (1980 mw).
NTPC had floated international tenders for supercritical 660mw unit rating for both Sipat and Barh. The BHEl-Alstom-Siemens consortium had lost out in these tenders as their prices were substantially higher. The ministry is worried that when it comes to the 800mw supercritical technology the consortium may not be competitive in its price as was the case in the Sipat and Barh international contract biddings.
Over talks that lasted for nearly two years, the price at which BHEL would provide the units became a stumbling block. The ministry insisted that they would like the 800mw technology to be transferred to the Indian manufacturing sector and that they understood BHEL’s attempt to secure order of six to eight units from NTPC over which it will acquire engineering and manufacturing capability. It was felt that it would be wrong if NTPC doesn’t seek to get the best price for the units, as it would affect the cost of power.
source:
http://economictimes.indiatimes.com/News/News_By_Industry/Energy/BHEL_may_bag_NTPC_deals_at_set_price/articleshow/2958034.cms
Wednesday, April 16, 2008
BHEL-led consortium may sell Rs 55k-cr equipment to NTPC
It’s being billed as one of the biggest stand-alone power equipment contracts in recent memory. NTPC is in talks with a Bhel-led consortium, also involving Alstom and Siemens, to buy boilers/turbines worth Rs 55,000 crore for its string of upcoming 600-mw and 800-mw units.
Significantly, NTPC will require Cabinet clearance as it proposes to award the contract on a negotiated basis and not the tendering route. The company’s top brass has already sounded out the Union Cabinet secretary and the power minister in this regard, sources in top government circles said. The Bhel-led consortium will supply boilers and turbines for NTPC’s power ventures that embrace super-critical thermal technology. Boilers and turbines form the core of a power station.
Though details are not known, the contract will involve procurement of boilers/turbines for some 10 to 12 odd upcoming NTPC projects. On receiving Cabinet clearance, NTPC plans to award the Bhel-led consortium the boiler/turbine package for the 650x2-mw Barh super critical project in Bihar. Alstom will supply boilers while Siemens will supply turbines.
Interestingly, construction at Barh is yet to begin even though the project was inaugurated three years ago.
At this stage, NTPC officials remain tight-lipped. The company’s spokesperson declined to comment on the issue. However, a source close to the development said: “Bhel along with Alstom and Siemens had approached NTPC some time ago for a bulk contract to supply boilers/turbines for units with capacities of at least 600 mw.
NTPC wanted a bulk contract since it doesn’t have the requisite super-critical technology for manufacturing equipment. But Bhel’s partners are ready to transfer the technology only if it can bag the bulk order.”
The source further said, “If the tendering process is adopted, Bhel’s partners will also not be ready to a transfer technology since there is no assurance of contracts even for a single project being awarded. Hence, instead of piecemeal contracts for super-critical projects being awarded to Bhel, it will be easier if it receives a large contract,” said an NTPC source.
ET could not get an official comment from either Bhel or any of the other consortium partners on the technology-transfer issue. Going forward, in its target to remain the largest generating utility of India, NTPC has decided to maintain or improve its share of India’s generating capacity. Towards this end, it has targeted to build an overall installed capacity of over 66,000 mw by 2017.
Source:
http://economictimes.indiatimes.com/News/News_By_Industry/Energy/BHEL-led_consortium_may_sell_Rs_55k-cr_equipment_to_NTPC/articleshow/2951733.cms
Significantly, NTPC will require Cabinet clearance as it proposes to award the contract on a negotiated basis and not the tendering route. The company’s top brass has already sounded out the Union Cabinet secretary and the power minister in this regard, sources in top government circles said. The Bhel-led consortium will supply boilers and turbines for NTPC’s power ventures that embrace super-critical thermal technology. Boilers and turbines form the core of a power station.
Though details are not known, the contract will involve procurement of boilers/turbines for some 10 to 12 odd upcoming NTPC projects. On receiving Cabinet clearance, NTPC plans to award the Bhel-led consortium the boiler/turbine package for the 650x2-mw Barh super critical project in Bihar. Alstom will supply boilers while Siemens will supply turbines.
Interestingly, construction at Barh is yet to begin even though the project was inaugurated three years ago.
At this stage, NTPC officials remain tight-lipped. The company’s spokesperson declined to comment on the issue. However, a source close to the development said: “Bhel along with Alstom and Siemens had approached NTPC some time ago for a bulk contract to supply boilers/turbines for units with capacities of at least 600 mw.
NTPC wanted a bulk contract since it doesn’t have the requisite super-critical technology for manufacturing equipment. But Bhel’s partners are ready to transfer the technology only if it can bag the bulk order.”
The source further said, “If the tendering process is adopted, Bhel’s partners will also not be ready to a transfer technology since there is no assurance of contracts even for a single project being awarded. Hence, instead of piecemeal contracts for super-critical projects being awarded to Bhel, it will be easier if it receives a large contract,” said an NTPC source.
ET could not get an official comment from either Bhel or any of the other consortium partners on the technology-transfer issue. Going forward, in its target to remain the largest generating utility of India, NTPC has decided to maintain or improve its share of India’s generating capacity. Towards this end, it has targeted to build an overall installed capacity of over 66,000 mw by 2017.
Source:
http://economictimes.indiatimes.com/News/News_By_Industry/Energy/BHEL-led_consortium_may_sell_Rs_55k-cr_equipment_to_NTPC/articleshow/2951733.cms
Friday, April 11, 2008
BHEL Ranipet eyes INR 2,000 crore turnover in 2008-09
Bharat Heavy Electricals Limited’s Ranipet unit has projected a turnover of INR 2,000 crore during the current financial year 2008-09.
Mr AV Krishnan GM in charge of the boiler auxiliary’s plant of BHEL said that it had been logging 30% growth and was targeting a profit before tax of INR 300 crore in 2008. The Ranipet unit has undertaken an INR 117.42 crore modernizations and expansion, which would be completed by December 2009.
Mr Krishnan said that Ranipet’s operations reported an all time high turnover of INR 1,415.25 crore in the year 2007-08 up by 13% YoY, while profit before tax was at INR 208.14 crore. The order book stood at INR 4,658 crore, which includes orders worth INR 2,939 crore bagged during the year.
Post modernization, BHEL’s installed capacity would increase to 15,000 MW from 10,000 MW now. It currently has about 300 sub contractors.
source:
http://steelguru.com/news/index/2008/04/11/NDE3Mjg%3D/BHEL_Ranipet_eyes_INR_2%25252C000_crore_turnover_in_2008-09.html
Mr AV Krishnan GM in charge of the boiler auxiliary’s plant of BHEL said that it had been logging 30% growth and was targeting a profit before tax of INR 300 crore in 2008. The Ranipet unit has undertaken an INR 117.42 crore modernizations and expansion, which would be completed by December 2009.
Mr Krishnan said that Ranipet’s operations reported an all time high turnover of INR 1,415.25 crore in the year 2007-08 up by 13% YoY, while profit before tax was at INR 208.14 crore. The order book stood at INR 4,658 crore, which includes orders worth INR 2,939 crore bagged during the year.
Post modernization, BHEL’s installed capacity would increase to 15,000 MW from 10,000 MW now. It currently has about 300 sub contractors.
source:
http://steelguru.com/news/index/2008/04/11/NDE3Mjg%3D/BHEL_Ranipet_eyes_INR_2%25252C000_crore_turnover_in_2008-09.html
Wednesday, April 9, 2008
BHEL-PSSR targets Rs. 1,700 cr. turnover in 2011-12
BHEL-PSSR (Power Sector- Southern Region) has set its eyes on scaling the Rs. 1,700-crore turnover-mark by 2011-12.
Indicating this at a press conference here, P. R. Shriram, General Manager-in charge, said that BHEL-PSSR posted a turnover of Rs. 675 crore during 2007-08, up from Rs. 603 crore in the previous year. The overall turnover of BHEL for 2007-08 was Rs. 21,608 crore.
The move to aggressively explore international markets for EPC (engineering, procurement and construction) jobs and the proposal to get into EPC work in nuclear power plant (700 MW size) business were all aimed at driving up the sales number, he said. Thirty-five projects were now under execution by the company. The huge orders under execution, 12,080 MW to be precise, would also help boost the turnover considerably, he said. BHEL-PSSR was also gearing up to equip itself to execute super critical thermal sets. Consequently, it was planning to widen the base of its sub-contractors, he added.
Making a power-point presentation, he said BHEL-PSSR reported a profit before tax of Rs. 104.27 crore during 2007-08, up from Rs. 109.10 crore.
New orders
During the year under review, it received fresh orders worth Rs. 889 crore and added 1,575 MW to the Southern grid.
Mr. Shriram said BHEL-PSSR was participating in setting up a 125 MW integrated gasification combined cycle technology. This, he said, would usher in clean coal technology through in-house efforts along with other units of BHEL. As part of its green initiatives, BHRL-PSSR had decided to clean pipes through steam blowing instead of detergents, he added.
source:
http://www.hindu.com/2008/04/10/stories/2008041053821800.htm
Indicating this at a press conference here, P. R. Shriram, General Manager-in charge, said that BHEL-PSSR posted a turnover of Rs. 675 crore during 2007-08, up from Rs. 603 crore in the previous year. The overall turnover of BHEL for 2007-08 was Rs. 21,608 crore.
The move to aggressively explore international markets for EPC (engineering, procurement and construction) jobs and the proposal to get into EPC work in nuclear power plant (700 MW size) business were all aimed at driving up the sales number, he said. Thirty-five projects were now under execution by the company. The huge orders under execution, 12,080 MW to be precise, would also help boost the turnover considerably, he said. BHEL-PSSR was also gearing up to equip itself to execute super critical thermal sets. Consequently, it was planning to widen the base of its sub-contractors, he added.
Making a power-point presentation, he said BHEL-PSSR reported a profit before tax of Rs. 104.27 crore during 2007-08, up from Rs. 109.10 crore.
New orders
During the year under review, it received fresh orders worth Rs. 889 crore and added 1,575 MW to the Southern grid.
Mr. Shriram said BHEL-PSSR was participating in setting up a 125 MW integrated gasification combined cycle technology. This, he said, would usher in clean coal technology through in-house efforts along with other units of BHEL. As part of its green initiatives, BHRL-PSSR had decided to clean pipes through steam blowing instead of detergents, he added.
source:
http://www.hindu.com/2008/04/10/stories/2008041053821800.htm
Tuesday, April 8, 2008
Bhel, NTPC to switch on JV
Bharat Heavy Electricals (Bhel) and National Thermal Power Corporation (NTPC) are planning to enter into a 50:50 joint venture to make heavy equipment required for super-critical thermal power plants.
“The joint venture between Bhel and NTPC will be finalised soon,” said Jairam Ramesh, minister of state for power.
He said the venture was significant as PSUs would play an important role in meeting the power generation target of 78,000MW in the Eleventh Plan.
The joint venture company will manufacture equipment such as boilers and turbines.
The proposed joint venture is expected to settle the conflict between Bhel and NTPC sparked by NTPC’s initial proposal to venture into power equipment manufacturing. Both the heavy industries ministry and Bhel had opposed the move.
NTPC pushed for the equipment venture, saying Bhel often delayed in supplying equipment. Bhel, however, opposed the proposal, saying it would create a conflict of interest with a generator also producing equipment.
For the super-critical thermal power plants, sources said the proposed joint venture might enter into a technical tieup with a global company under a transfer of technology clause.
The government is considering making the transfer of technology mandatory for bidders getting supply contracts for power plant equipment.
Bhel, even with its planned expanded capacity, can meet only up to 60,000MW.
Power ministry officials said the proposed joint venture would ensure the timely supply of equipment for NTPC, especially for projects planned for commissioning during the Twelfth Plan.
Bhel has designed and manufactured equipment that accounts for about 70 per cent of NTPC’s installed capacity.
Ramesh said he had set a target of adding 11,000MW in 2008-09.
source:
http://www.telegraphindia.com/1080409/jsp/business/story_9112070.jsp
Ramesh
The Human Search Engine
alluwanted.com
“The joint venture between Bhel and NTPC will be finalised soon,” said Jairam Ramesh, minister of state for power.
He said the venture was significant as PSUs would play an important role in meeting the power generation target of 78,000MW in the Eleventh Plan.
The joint venture company will manufacture equipment such as boilers and turbines.
The proposed joint venture is expected to settle the conflict between Bhel and NTPC sparked by NTPC’s initial proposal to venture into power equipment manufacturing. Both the heavy industries ministry and Bhel had opposed the move.
NTPC pushed for the equipment venture, saying Bhel often delayed in supplying equipment. Bhel, however, opposed the proposal, saying it would create a conflict of interest with a generator also producing equipment.
For the super-critical thermal power plants, sources said the proposed joint venture might enter into a technical tieup with a global company under a transfer of technology clause.
The government is considering making the transfer of technology mandatory for bidders getting supply contracts for power plant equipment.
Bhel, even with its planned expanded capacity, can meet only up to 60,000MW.
Power ministry officials said the proposed joint venture would ensure the timely supply of equipment for NTPC, especially for projects planned for commissioning during the Twelfth Plan.
Bhel has designed and manufactured equipment that accounts for about 70 per cent of NTPC’s installed capacity.
Ramesh said he had set a target of adding 11,000MW in 2008-09.
source:
http://www.telegraphindia.com/1080409/jsp/business/story_9112070.jsp
Ramesh
The Human Search Engine
alluwanted.com
India's BHEL assigned 'AAA(ind)' rating - Fitch
MUMBAI (Thomson Financial) - Fitch Ratings said it assigned a national long-term issuer rating of 'AAA(ind)' to Bharat Heavy Electricals Ltd. (BHEL) with a stable outlook.
The ratings reflect BHEL's strong business position as a market leader among the power generation equipment manufacturers in India, its technological capabilities in supplying power generation equipment across various fuels/capacities and a significantly large order book 4.5 times of its 2007 revenues.
The ratings are supported by the company's superior financial position consisting of large cash balances, a negligible debt, growing profitability and free cash flows also give support to the ratings.
tfn.newsdesk@thomson.com
Ref:
http://www.forbes.com/markets/feeds/afx/2008/04/08/afx4864551.html
Ramesh
The Human Search Engine
Alluwanted.com
The ratings reflect BHEL's strong business position as a market leader among the power generation equipment manufacturers in India, its technological capabilities in supplying power generation equipment across various fuels/capacities and a significantly large order book 4.5 times of its 2007 revenues.
The ratings are supported by the company's superior financial position consisting of large cash balances, a negligible debt, growing profitability and free cash flows also give support to the ratings.
tfn.newsdesk@thomson.com
Ref:
http://www.forbes.com/markets/feeds/afx/2008/04/08/afx4864551.html
Ramesh
The Human Search Engine
Alluwanted.com
Monday, April 7, 2008
BHEL mulling JV for overseas acquisitions
Bharat Heavy Electricals Ltd. (BHEL) is reportedly contemplating forming a joint venture for overseas acquisitions, and is in talks with ONGC, Reliance Industries, Reliance Energy and L&T for the same.
According to a financial daily, the new JV is aimed at gaining the right financial strength to bid for overseas companies against stiff global competition. The newspaper adds that BHEL unsuccessfully tried to acquire two solar power equipment makers - one in Europe and another in the US.
The new BHEL JV would focus on acquiring companies engaged in making power equipment, both in conventional and renewable energy space, says the business daily. It will also look at tapping companies engaged in production of equipment for oil and gas sectors, it adds.
The acquisition will be helpful in getting new technologies and expertise, intellectual property rights, product extensions and market access, the newspaper says, adding that the proposed JV would focus on developed markets like the US and Europe.
ref:
http://www.indiainfoline.com/news/innernews.asp?storyId=63993&lmn=1
According to a financial daily, the new JV is aimed at gaining the right financial strength to bid for overseas companies against stiff global competition. The newspaper adds that BHEL unsuccessfully tried to acquire two solar power equipment makers - one in Europe and another in the US.
The new BHEL JV would focus on acquiring companies engaged in making power equipment, both in conventional and renewable energy space, says the business daily. It will also look at tapping companies engaged in production of equipment for oil and gas sectors, it adds.
The acquisition will be helpful in getting new technologies and expertise, intellectual property rights, product extensions and market access, the newspaper says, adding that the proposed JV would focus on developed markets like the US and Europe.
ref:
http://www.indiainfoline.com/news/innernews.asp?storyId=63993&lmn=1
Saturday, April 5, 2008
BHEL, NPCIL to float N-power equipment JV
NEW DELHI: Power equipment major BHEL and Nuclear Power Corporation of India (NPCIL) on Friday signed a memorandum of understanding (MoU) for floating of a joint venture (JV) company. The JV company will undertake manufacturing of nuclear power generation equipments. The new company will also tie-up with an international company for technical support in this area.
According to the terms of the JV, BHEL will provide financial support while NPCIL will provide technical expertise, a source said. Financial and technical terms of the JV would be formally decided at a later date, it added.
“The boards of the two companies have approved the formation of the JV, which would be operational by October this year,” BHEL chairman and managing director K Ravi Kumar said. The JVC also plans to cater to the needs of other companies which may venture into nuclear power after the Indo-US nuclear deal. It would also be free to participate in open tenders globally.
The JVC will explore and evaluate the various technological options available for steam turbine generator sets of 700 mega watt (mw) rating and above. It would start manufacturing 1,100 mw and 1,500 mw equipment at a later date. “The development of indigenous vendors has ensured long-term support to the power stations in case of any problems and availability of spares for the life cycle of the projects and can avoid Dabhol like situation,” heavy industries minister Sonotosh Mohan Dev said. The JV will not set up a new plant and instead a new unit will be added to the existing BHEL plant at Bhopal or Thiruchirapalli.
ref:
http://economictimes.indiatimes.com/News/News_By_Industry/BHEL_NPCIL_to_float_N-power_equipment_JV/articleshow/2927050.cms
According to the terms of the JV, BHEL will provide financial support while NPCIL will provide technical expertise, a source said. Financial and technical terms of the JV would be formally decided at a later date, it added.
“The boards of the two companies have approved the formation of the JV, which would be operational by October this year,” BHEL chairman and managing director K Ravi Kumar said. The JVC also plans to cater to the needs of other companies which may venture into nuclear power after the Indo-US nuclear deal. It would also be free to participate in open tenders globally.
The JVC will explore and evaluate the various technological options available for steam turbine generator sets of 700 mega watt (mw) rating and above. It would start manufacturing 1,100 mw and 1,500 mw equipment at a later date. “The development of indigenous vendors has ensured long-term support to the power stations in case of any problems and availability of spares for the life cycle of the projects and can avoid Dabhol like situation,” heavy industries minister Sonotosh Mohan Dev said. The JV will not set up a new plant and instead a new unit will be added to the existing BHEL plant at Bhopal or Thiruchirapalli.
ref:
http://economictimes.indiatimes.com/News/News_By_Industry/BHEL_NPCIL_to_float_N-power_equipment_JV/articleshow/2927050.cms
Thursday, April 3, 2008
Bhel net rises 17%, plans greater role in nuclear segment
Spurred by a jump in orders, India’s largest power equipment maker Bharat Heavy Electricals Ltd (Bhel) on Thursday reported a 17% growth in net profit for the fiscal year 2007-08 compared with the previous year.
Its net profit was Rs2,815 crore compared with Rs2,415 crore a year ago. The company’s order book rose 41% to Rs50,265 crore and turnover was up 15% at Rs21,608 crore, its highest till date.
“There is a shortage of raw materials, problems in supply chain management and availability of skilled manpower. However, our projects in the 11th Plan period (2007-12) will be on time as we have taken advanced manufacturing action and ordered raw materials,” said K. Ravi Kumar, chairman and managing director.
However, power sector analysts say Bhel will not be able to sustain a growth trajectory in the long term because of increasing competition.
“Bhel will increasingly witness competition from overseas firms, particularly Chinese suppliers. When China’s domestic demands are met, these firms will start dumping in the Indian market as they will have an immense cost advantage,” said a New Delhi-based analyst, who did not want to be identified.
Bhel remains unfazed and proposes to introduce thermal power generator units with new capacities of 270MW, 525MW and 600MW to counter the Chinese threat.
“We are ready to take on international competition,” said Kumar.
He, however, admitted that since the yuan is undervalued, there will be pressure from Chinese companies such as Dongfang Electric Corp. Ltd, Shanghai Electric Power Co. Ltd and Harbin Power Equipment Co. Ltd.
“Currency fluctuation will hurt our margins to a certain extent. However, 40% of our contracts are covered for price fluctuations,” Kumar added.
To meet the increasing demand, Bhel plans to hire around 20,000 employees over the next five years that could even include lateral recruitment.
In another development, Bhel is in talks with Reliance Power Ltd (RPL) of the Reliance-Anil Dhirubhai Ambani Group for supplying equipment to the two 4,000MW projects of RPL at Sasan in Madhya Pradesh and Krishnapatnam in Andhra Pradesh.
The company will also start making, in a venture with Nuclear Power Corp. of India Ltd (NPCIL), nuclear-powered turbines and generators with capacities of 1,000MW and 1,600MW. It may also take up engineering, procurement and construction activities in the nuclear power sector.
“We, along with NPCIL, may also partner with an overseas technology provider for the nuclear power business. We are open to even giving them equity.”
Bhel has an annual manufacturing capacity of making power equipment that have a total capacity of 10,000MW, which the company plans to raise to 15,000MW a year by December 2009.
source:
http://www.livemint.com/2008/04/04004721/Bhel-net-rises-17-plans-grea.html
Ramesh
Human Search Engine
http://www.alluwanted.com
Its net profit was Rs2,815 crore compared with Rs2,415 crore a year ago. The company’s order book rose 41% to Rs50,265 crore and turnover was up 15% at Rs21,608 crore, its highest till date.
“There is a shortage of raw materials, problems in supply chain management and availability of skilled manpower. However, our projects in the 11th Plan period (2007-12) will be on time as we have taken advanced manufacturing action and ordered raw materials,” said K. Ravi Kumar, chairman and managing director.
However, power sector analysts say Bhel will not be able to sustain a growth trajectory in the long term because of increasing competition.
“Bhel will increasingly witness competition from overseas firms, particularly Chinese suppliers. When China’s domestic demands are met, these firms will start dumping in the Indian market as they will have an immense cost advantage,” said a New Delhi-based analyst, who did not want to be identified.
Bhel remains unfazed and proposes to introduce thermal power generator units with new capacities of 270MW, 525MW and 600MW to counter the Chinese threat.
“We are ready to take on international competition,” said Kumar.
He, however, admitted that since the yuan is undervalued, there will be pressure from Chinese companies such as Dongfang Electric Corp. Ltd, Shanghai Electric Power Co. Ltd and Harbin Power Equipment Co. Ltd.
“Currency fluctuation will hurt our margins to a certain extent. However, 40% of our contracts are covered for price fluctuations,” Kumar added.
To meet the increasing demand, Bhel plans to hire around 20,000 employees over the next five years that could even include lateral recruitment.
In another development, Bhel is in talks with Reliance Power Ltd (RPL) of the Reliance-Anil Dhirubhai Ambani Group for supplying equipment to the two 4,000MW projects of RPL at Sasan in Madhya Pradesh and Krishnapatnam in Andhra Pradesh.
The company will also start making, in a venture with Nuclear Power Corp. of India Ltd (NPCIL), nuclear-powered turbines and generators with capacities of 1,000MW and 1,600MW. It may also take up engineering, procurement and construction activities in the nuclear power sector.
“We, along with NPCIL, may also partner with an overseas technology provider for the nuclear power business. We are open to even giving them equity.”
Bhel has an annual manufacturing capacity of making power equipment that have a total capacity of 10,000MW, which the company plans to raise to 15,000MW a year by December 2009.
source:
http://www.livemint.com/2008/04/04004721/Bhel-net-rises-17-plans-grea.html
Ramesh
Human Search Engine
http://www.alluwanted.com
Wednesday, April 2, 2008
FACE TO FACE ? 1: SETTING UP ANOTHER BHEL WILL NOT BE AN EASY TASK: CMD
Apr 01, 2008 (Asia Pulse Data Source via COMTEX) -- -- State-run Bharat Heavy Electricals Ltd, which enjoys a near monopoly in the domestic power equipment market, does not see any threat to its position from entry of overseas as well as local players. BHEL CMD K Ravi Kumar feels it would be a real challenging task to create another such company, which specialises in providing total solutions to the customers under one roof. Also, the firm, which was been held responsible for missing the 10th plan five year target, is taking i Free Report!The Only 3 Options Strategies You'll Ever Need
Initiatives to ensure timely delivery during five years to 2012.
Following are the excerpts from an interview with Kumar:
PTI: The government is pushing for a new BHEL with NTPC. Do you agree to the move?
Kumar: We are the only integrated manufacturers in the country, perhaps one of the few in the world. We manufacture every thing S under one umbrella. We give total solutions to the customers. Siemens manufactures only turbo generators, GE manufactures Turbines. You can be a product leader or a cost leader like Chinese. GE, Siemens are product leaders. They spend lot of time on R&D and they make the best product. They don?t give total solutions. We are not product leaders or we are not cost leaders also. But we provide total solutions under one roof. So if somebody has to establish a company of our size it will be very very difficult. I am not saying it is impossible. The way the demand is going up, definitely there is a scope for others to come in. But to be a competitor to BHEL, I am not skeptical, to establish a company of our size is not going to be easy.
PTI: How much investment would be required to set up a company of your size?
Kumar: We have already achieved 10,000 MW of capacity. We are planning 15,000 MW by 2009-end. We are planning 20,000 MW by 2012. If you really want to manufactures products under one roof, it will be very difficult.
PTI: Would not there be a competition from L&T-MHI?
Kumar: They are planning to manufacture super-critical boilers and turbines. They are entering, we are already in.
PTI: BHEL has been held responsible for slippages in 10th five year plan targets.
Kumar: I should not be complacent. Out of 42,000 MW we got (orders for) approximately 20,000 MW. We got only 50 per cent of what they had planned. We have already 80 per cent of what was ordered in 10th plan. BHEL has done well. Out of 40,000, they could place orders for only 30,000 MW. There were lot of delays in placing orders. Manufacturing is not a problem today. Today there is a problem of supply chain management.
PTI: Have you set for yourself any targets for the 11th five year plan?
Kumar: We suppose to supply about 60 per cent of the targeted capacity addition. The government plans to add 78,000 power generation capacity in the 11th five year plan. Another 10,000 MW would come from captive power plants. I feel the plan is for a lakh megawatt. Ultra mega power projects would also be there.
PTI: What is the update on acquisition of Bharat Heavy Plate and Vessels with BHEL?
Kumar: We will be taking it over in the first half of the next fiscal. The plan is to take BHPV a long way. We have worked out the details. We are negotiating with the government and the financial details can not be disclosed. BHEL is taking a 100 per cent share in BHPV. It will become a subsidiary of the company. It will not be merged with BHEL, it will be a subsidiary. But if we take over, we would like to invest about Rs 500 crore.
PTI: Where will the manufacturing joint venture with NTPC be located?
Kumar: If its focus is on exports, it will be located near ports. If not, it will be located somewhere else.
PTI: What is your present order book position?
Kumar: We are not short of orders. Our order book is Rs 82,000 crore now. What we should do is to improve the supply chain management and on-time delivery. That can be improved by Advance Manufacturing Action, which means we will start manufacturing equipment even before receipt of orders. We have taken up with the government that they should standardise the equipment.
PTI: What would be the capacity of the joint venture with NTPC?
Kumar: It should be at least 3,000 MW, the investment for which depends on how NTPC responds. We have chosen the name and formed a shell company. It will be a separate company, which will be managed by NTPC and BHEL. Both the companies will appoint two directors each on the joint venture?s board.
PTI: Is the competition from international companies a blessing in disguise in a sense that your burden was reduced to some extent?
Kumar: We thought the 40 per cent market share, which is not with us, should go to an Indian manufacturer. This is why we are going for another company in joint venture with NTPC. We are not afraid of competition. The joint venture will complement BHEL in certain areas.
PTI: Are you still looking for acquisitions or tie-ups?
Kumar: We would be looking for equity participation in power projects. We held talks with four producers, two have been successful. We have already signed up with state utility of Tamil Nadu and expect to close a deal soon with Gujarat. We are also in talks with the Uttar Pradesh utility.
Ref:
http://www.tradingmarkets.com/.site/news/Stock%20News/1292478/
Initiatives to ensure timely delivery during five years to 2012.
Following are the excerpts from an interview with Kumar:
PTI: The government is pushing for a new BHEL with NTPC. Do you agree to the move?
Kumar: We are the only integrated manufacturers in the country, perhaps one of the few in the world. We manufacture every thing S under one umbrella. We give total solutions to the customers. Siemens manufactures only turbo generators, GE manufactures Turbines. You can be a product leader or a cost leader like Chinese. GE, Siemens are product leaders. They spend lot of time on R&D and they make the best product. They don?t give total solutions. We are not product leaders or we are not cost leaders also. But we provide total solutions under one roof. So if somebody has to establish a company of our size it will be very very difficult. I am not saying it is impossible. The way the demand is going up, definitely there is a scope for others to come in. But to be a competitor to BHEL, I am not skeptical, to establish a company of our size is not going to be easy.
PTI: How much investment would be required to set up a company of your size?
Kumar: We have already achieved 10,000 MW of capacity. We are planning 15,000 MW by 2009-end. We are planning 20,000 MW by 2012. If you really want to manufactures products under one roof, it will be very difficult.
PTI: Would not there be a competition from L&T-MHI?
Kumar: They are planning to manufacture super-critical boilers and turbines. They are entering, we are already in.
PTI: BHEL has been held responsible for slippages in 10th five year plan targets.
Kumar: I should not be complacent. Out of 42,000 MW we got (orders for) approximately 20,000 MW. We got only 50 per cent of what they had planned. We have already 80 per cent of what was ordered in 10th plan. BHEL has done well. Out of 40,000, they could place orders for only 30,000 MW. There were lot of delays in placing orders. Manufacturing is not a problem today. Today there is a problem of supply chain management.
PTI: Have you set for yourself any targets for the 11th five year plan?
Kumar: We suppose to supply about 60 per cent of the targeted capacity addition. The government plans to add 78,000 power generation capacity in the 11th five year plan. Another 10,000 MW would come from captive power plants. I feel the plan is for a lakh megawatt. Ultra mega power projects would also be there.
PTI: What is the update on acquisition of Bharat Heavy Plate and Vessels with BHEL?
Kumar: We will be taking it over in the first half of the next fiscal. The plan is to take BHPV a long way. We have worked out the details. We are negotiating with the government and the financial details can not be disclosed. BHEL is taking a 100 per cent share in BHPV. It will become a subsidiary of the company. It will not be merged with BHEL, it will be a subsidiary. But if we take over, we would like to invest about Rs 500 crore.
PTI: Where will the manufacturing joint venture with NTPC be located?
Kumar: If its focus is on exports, it will be located near ports. If not, it will be located somewhere else.
PTI: What is your present order book position?
Kumar: We are not short of orders. Our order book is Rs 82,000 crore now. What we should do is to improve the supply chain management and on-time delivery. That can be improved by Advance Manufacturing Action, which means we will start manufacturing equipment even before receipt of orders. We have taken up with the government that they should standardise the equipment.
PTI: What would be the capacity of the joint venture with NTPC?
Kumar: It should be at least 3,000 MW, the investment for which depends on how NTPC responds. We have chosen the name and formed a shell company. It will be a separate company, which will be managed by NTPC and BHEL. Both the companies will appoint two directors each on the joint venture?s board.
PTI: Is the competition from international companies a blessing in disguise in a sense that your burden was reduced to some extent?
Kumar: We thought the 40 per cent market share, which is not with us, should go to an Indian manufacturer. This is why we are going for another company in joint venture with NTPC. We are not afraid of competition. The joint venture will complement BHEL in certain areas.
PTI: Are you still looking for acquisitions or tie-ups?
Kumar: We would be looking for equity participation in power projects. We held talks with four producers, two have been successful. We have already signed up with state utility of Tamil Nadu and expect to close a deal soon with Gujarat. We are also in talks with the Uttar Pradesh utility.
Ref:
http://www.tradingmarkets.com/.site/news/Stock%20News/1292478/
Tuesday, April 1, 2008
Manpower at BHEL
I worked 18 years (1981-1999) with Electronics Div,BHEL, Baangalore and have come across many brilliant Engineers. As many Engineering graduates look for IT jobs these days, it becomes difficult for manufacturing sector to attract engineers interested in core engineering. However, BHEL manages to get excellent Engineer trainees and are able to hold them too. Hats off to the BHEL.
While we work at BHEL, we may complain about many things, including salary. But if you take out the salary part of it, BHEL is a great place to work at. If you have ideas, there is no limitation to implement your ideas.
I was lucky to have many bosses, who were open to ideas. And I had great company of excellent colleagues. While some cream left BHEL -Udayan Banerjee ( now a VP at NIIT, India), Sastry ( surprisingly took early retirement from Infosys), Raghavan ( now CEO of Honeywell, India ?? ), Shagrithaya, P. Chandrasekhar, ( now in Honeywell) many others like Nandakumar Kamath, Ravindran, Thamendran, Baliga, Rawat etc continue to be loyal to BHEL.
I love BHEL and I learned a lot from BHEL. I look forward to see how I can get involved again with BHEL as a vendor! Or probably help the wards of BHEL employees !!!!
Ramesh
I still remember my staff number after 9 years - 3775739 !!
While we work at BHEL, we may complain about many things, including salary. But if you take out the salary part of it, BHEL is a great place to work at. If you have ideas, there is no limitation to implement your ideas.
I was lucky to have many bosses, who were open to ideas. And I had great company of excellent colleagues. While some cream left BHEL -Udayan Banerjee ( now a VP at NIIT, India), Sastry ( surprisingly took early retirement from Infosys), Raghavan ( now CEO of Honeywell, India ?? ), Shagrithaya, P. Chandrasekhar, ( now in Honeywell) many others like Nandakumar Kamath, Ravindran, Thamendran, Baliga, Rawat etc continue to be loyal to BHEL.
I love BHEL and I learned a lot from BHEL. I look forward to see how I can get involved again with BHEL as a vendor! Or probably help the wards of BHEL employees !!!!
Ramesh
I still remember my staff number after 9 years - 3775739 !!
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