Wednesday, September 29, 2010

Centre asks BHEL, MP to meet deadline of 1,600 Mw power proj

The Centre today lambasted BHEL and the Madhya Pradesh government for delays in completion of 1,600 Mw power project at Khandwa in the state.

Minister of State for Heavy Industries and Public Enterprises Arun Yadav has instructed senior officials of the Ministry of Heavy Industries, BHEL and Madhya Pradesh government to ensure that the deadlines set for completion of power project in Khandwa are met, an official statement said.

He insisted that the 1,600 Mw power plant must be made operational by 2013.

Yadav was chairing a review meeting of the 1,600 Mw Dada Dhuniwale Power Project at Khandwa, which is a joint venture of BHEL and MP Power Generating Company.

He also emphasised on finding strategic investors to partner in the project so that the issue of shortage of funds with state government can be solved.



ref:
http://www.business-standard.com/india/news/centre-asks-bhel-mp-to-meet-deadline1600-mw-power-proj/110512/on

Tuesday, September 28, 2010

Bhel sets up health camps in Africa in efforts to build brand

In an attempt to create awareness and goodwill that may help win orders, state-run Bharat Heavy Electricals Ltd (Bhel) is holding health camps in African countries such as Libya and Sudan among others to tap the growing demand for power generation equipment there.

The power generation equipment manufacturer is taking specialist doctors from India to set up health camps in African villages, where free health check-up facilities are being offered.

"The plan is to create awareness and goodwill for Bhel. Basically these camps will be set up in those countries wherever Bhel is looking at opportunities," said a senior Bhel executive who did not want to be identified.

Bhel is present in 17 countries in Africa. Primary international markets for the company, which plans to raise export orders to '10,300 crore by 2012, are West Asia, Africa and Central Asia. While Africa is estimated to have around 10% of the world's oil reserves, it faces a chronic power shortage. Bhel won physical export orders worth '3,571 crore in the last fiscal and is hopeful of securing export orders worth '5,000 crore in the current fiscal.

more at:
http://www.americanchronicle.com/articles/yb/150356112

Monday, September 27, 2010

Bhel takes first steps towards CSR activities

Bharat Heavy Electricals (Bhel) seeks to collaborate with NGOs and social organisations to launch corporate social responsibility (CSR) projects in areas of environment protection, energy conservation, vocational training, infrastructure development and disaster management.

The move is in line with government guidelines issued in April this year asking PSUs earning more than Rs 500 crore to spend two per cent of annual profit on CSR activities. The guidelines also mandate PSUs to engage specialised agencies to implement activities identified under CSR. Bhel made a net profit of Rs 4,311 crore during financial year ended March 31, 2010.

The PSU major has invited proposals from social agencies for collaboration in fresh projects, preferably in the periphery of Bhel units. The Bhel board has identified eight priority areas of CSR projects, including adoption of ITIs and setting up skill development institutes, adoption of villages, community development and health management.

Social organisations that have been in operation for more than three years are eligible to put in their proposals. “The proposals should be launched in association with Bhel and should have measurable targets. CSR projects identified shall have long-term implications to the beneficiaries and society,” the notice inviting expression of interest (EoI) said.

more at:
http://www.mydigitalfc.com/news/bhel-takes-first-steps-towards-csr-activities-882

Saturday, September 25, 2010

Import duty on equipments a boon for BHEL, L&T

Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about BHEL, L&T.

In a huge shot in the arm for most of these majors like BHEL, L&T, 14% duty slapped upon imports of equipment. But not looking good for the others like Reliance Power and Tata Power. We will start off with BHEL and L&T, your take on that and then probably some of these power majors?

Definitely is a positive news for BHEL and L&T because India envisages huge investment in power sector and these are the 2 companies that will maximise benefits from any increase in import duty. So definitely a positive for these companies. As far as the power companies go say a Tata Power or Reliance Power, definitely there would be some concerns there because the cost of funding their new projects would increase because of the increase in import duty. So yes, there is a concern on some of these power companies.

ref:
http://economictimes.indiatimes.com/markets/stocks/views/recommendations/Import-duty-on-equipments-a-boon-for-BHEL-LT/articleshow/6620355.cms

Friday, September 24, 2010

BHEL pays 233 per cent dividend for 2009-10 news

Navratna public sector enterprise Bharat Heavy Electricals Ltd (BHEL) has paid around Rs408 crore, which forms the final dividend payout of 123 per cent, towards dividend to the government for the year 2009-10.

With this, BHEL has paid an equity dividend of 233 per cent on the enhanced equity capital post-bonus for fiscal 2009-10, as against 170 per cent paid in the year before.

Government holds a 67.72 per cent equity in the electrical gear manufacturer.

BHEL chairman and managing director B P Rao presented the last of the dividend cheques to minister for heavy industries and public enterprises Vilasrao Deshmukh today.

ref:

http://www.domain-b.com/companies/companies_b/Bharat_Heavy_Electricals/20100924_turnover.html

Thursday, September 23, 2010

Bhel in JV with NPCIL & Alstom for N-plant

Bharat Heavy Electricals Ltd will soon set up a joint venture with Nuclear Power Corporation of India Ltd and Alstom Ltd for setting up civil nuclear power plants in the country, Heavy Industries secretary Bhawani Singh Meena said on Thursday.

All the three companies will have 33.33% equity each in the joint venture, which would get approval from department of atomic energy within a month, Meena said.

The investment details are being worked out, Meena said, adding the joint venture was conceived a couple of years ago but government was awaiting the passage of nuclear liability Bill for the joint venture to take off.

The bill was passed in last monsoon session of Parliament

more at:
http://www.financialexpress.com/news/Bhel-in-JV-with-NPCIL---Alstom-for-N-plant/686729/

Wednesday, September 22, 2010

SAIL, BHEL to team up for making high-grade steel

The Heavy Industries Ministry is floating a tripartite joint venture with two public sector units and a foreign collaborator to manufacture cold-rolled grain-oriented (CRGO) steel.

The high-grade steel used in the manufacture of power equipment is currently imported.

While the MoU between BHEL and SAIL is expected to be signed in a week, the choice of the foreign technical partner is still being finalised. Korean firm Posco is expected to be the front-runner for this position.

‘Urgent need'

“With power equipment manufacturers having huge orders, the need for domestic CRGO steel capacity is urgent. We may build a new plant for this, for which we will use 300-400 acres from SAIL's existing facilities. The investment in a new production facility will be around Rs 8,000 crore,” Mr B. S. Meena, Secretary, Heavy Industries, told Business Line. .

He added that besides Posco, the Ministry is also talking to other global players such as Vizstahl from Russia and an Italian steel maker.

Steel industry sources said that SAIL has land in Maharashtra and Jharkhand where such a plant could come up. SAIL is also considering a CRGO procurement deal from the existing SAIL-Posco venture. Earlier, SAIL and Posco had signed an MoU for a 1.5-million-tonne-per-annum (MTPA) steel plant to come up at SAIL's Bokaro facility. Posco will be bringing in its patented FINEX technology for this.

“CRGO steel technology is closely held by a few global players that quote very high prices of around Rs 2 lakh a tonne,” said Mr Meena.



ref:
http://www.thehindubusinessline.com/2010/09/23/stories/2010092353450100.htm

BHEL-Tiruchi looking to expand in the west

The public sector power equipment major Bharat Heavy Electricals Limited (BHEL)’s Tiruchi unit, which manufactures boilers, is exploring possibilities to set up a greenfield facility in western India. A senior official of the company said its inability to acquire land in Tamil Nadu for expansion and the local suppliers’ capacity constraints were the reasons for a possible expansion outside Tamil Nadu.

Spread over 3,000 hectares in Tiruchi, BHEL is one of the first industrial townships in the state. The Tiruchi unit, whose foundation stone was laid in 1963, currently employs around 10,500 people.

more at:
http://www.business-standard.com/india/news/bhel-tiruchi-looking-to-expand-inwest/408736/

Tuesday, September 21, 2010

BHEL web-site inaugurated

BHEL Executive Director MK Dubey inaugurated the website `BHEL Bhopal Careers' with the click of a mouse. The site will feature current and future job openings. The website will provide comprehensive information regarding job openings at BHEL, Bhopal. The online recruitment software is the indigenous invention of BHEL, Bhopal's IFX Department. The software is also used by other sister units of BHEL for conducting recruitments. The site can either be accessed on www.bhelbhopal.com or at www.bhelbhopal.co.in.
Prominent among those present on this occasion were GM (HR) Girish Shrivastava, GM (P&D, IT, Quality) Dheeman Sen, GM (Finance) Ravindaran, GM (MM) Pradeep Singhal and officers from HR and IT were also present on this occasion

ref:
http://www.centralchronicle.com/viewnews.asp?articleID=47902

Monday, September 20, 2010

BHEL's Growth Momentum continues; Turnover Triples and Net Profit Quadruples in 5 years;

BHEL's Growth Momentum continues; Turnover Triples and Net Profit Quadruples in 5 years; Dividend enhanced to 233 per cent; Manufacturing capacity enhanced to 15,000 MW per annum

In fiscal 2009-10, Bharat Heavy Electricals Limited (BHEL) further built on the growth momentum achieved in the year before, with a top line growth of 22% and an all-time high Turnover of Rs.34,154 Crore. The company also recorded a quantum jump of 37% in its Net Profit (PAT) which was also the highest-ever at Rs.4,311 Crore. Notably, BHEL’s turnover has increased by three times and net profit by four times in the last five years. This was disclosed by Mr. B. Prasada Rao, Chairman & Managing Director, BHEL at the 46th Annual General Meeting of the company, here today.

Addressing shareholders, Mr. Rao said that BHEL recorded a 33% surge in Economic Value Addition (EVA), which went up to Rs.2,670 Crore from Rs.2,008 Crore in the year before. A total dividend of Rs.1,141 Crore – the highest ever, has been declared for 2009-10, which is 233% of the paid-up capital (including an interim dividend of 110%) as against 170% paid for 2008-09.

more at:
http://www.bhel.com/press_release/press_pop.php?press_id=438

BHEL definitely good medium to long term bet: Ashit Suri, Fundamental Analyst, JV Cap

Ashit Suri, Fundamental Analyst, JV Cap, in a chat with ET Now talks about L&T and BHEL.

Do you believe that the longer term competitive dynamics for an L&T look better than that of a BHEL?

Basically both these companies are leaders in the capital good space so I would not want to make that kind of a comparison here in fact in terms of L&T we have seen last couple of quarters they have not been very impressive in their performances keeping their past record in mind. But I am sure L&T is also a good accumulate call for the long term as far as BHEL is concerned its continued with its impressive performances.

Of course the top line has been a little slower in the last quarter but nevertheless the company is doing very well and latest in the news we heard of BHEL increasing its R&D expenditure also. Its market share seems to be very strong with revenue visibility seen over 5 times FY10 revenues.

So keeping all these in mind valuations are looking attractive at 18 times PE multiple for FY12, good amount of tie ups in the new peer space, voltage transmission equipment space and leader in its space so BHEL definitely looks good medium to long term bet and should be accumulate for every portfolio I would say.

ref:
http://economictimes.indiatimes.com/Views/Recommendations/articleshow/6590657.cms

Sunday, September 19, 2010

CAPEX plans- BHEL to invest INR 1200 crore by 2012

Bharat Heavy Electricals is revamping its production processes to develop low cost and more efficient equipment as it seeks to counter the threat of cheap imports from China. The company plans to increase its expenditure on research and development by almost 50% to INR 1,200 crore by 2011-12.

The report quoted Mr B Prasada Rao CMD of BHEL at the 46th annual general meeting of the company as saying that “The engineering & technology character of the organization will be enhanced with increased focus on innovation and R&D.”

In 2009-10 BHEL invested INR 829 crore in R&D with prime focus on economical power equipment that have high efficiency. With its R&D initiatives, BHEL has been able to expand the load on existing power equipment to generate more power without much additional cost. For instance, it has introduced rating sets of 600 MW in the sub critical league that match Chinese 660 MW super critical sets in efficiency without escalating the cost of the equipment. The company has introduced new range of equipment and enhanced the rating of 500 mw sets to 525 MW and 250 MW to 270 MW.

The company also has secured orders worth INR 59,037 crore from domestic and international clients in 2009-10, of which about 90% came from the private sector. The current order book of the company stands at INR 144,000 crore.

Mr Rao said that against the backdrop of climate change, there would be increased focus on low carbon path technologies such as Ultra Supercritical technology, IGCC and Solar Power. He said that “BHEL proposes to play a lead role in ‘development and deployment’ of advanced Ultra Supercritical Power Plants under the proposed National Mission for Clean Coal (Carbon) Technologies.”

(Sourced from ET)

ref:
http://www.steelguru.com/indian_news/CAPEX_plans-_BHEL_to_invest_INR_1200_crore_by_2012/166078.html

ICICI joins club of 10 most valuable companies

The country's top private sector lender, ICICI Bank, made its entry into the list of the top-10 most valuable companies by market capitalisation this week, helped by a sharp rise in banking stocks.

With a market capitalisation (m-cap) of 1,28,016 crore, ICICI Bank now features at tenth rank in the list, knocking state-run BHEL out of the prestigious club. During the past week, ICICI Bank added Rs 10,809.4 crore to its m-cap.

Analysts said a sharp rise in financial stocks during the past week pushed up the m-cap of most banks.

"Banks led from the front on optimism that lending will pick up in a fast-growing Indian economy and that they are well capitalised," a broker said.

ref:
http://economictimes.indiatimes.com/markets/analysis/ICICI-joins-club-of-10-most-valuable-companies/articleshow/6584913.cms

Saturday, September 18, 2010

BHEL to take over BHPV

The Bharat Heavy Plate and Vessels (BHPV) will be taken over by Bharat Heavy Electricals Limited (BHEL) after October 21, said the Union minister for heavy industries, Mr Vilasrao Deshmukh, quoting an assurance given by the Prime Minister.

Mr Deshmukh who was here on Friday visited the BHPV and held discussions with the company officials and later told reporters that the company would regain its past glory shortly. “I am aware of the problems of workers including permanent employment for R-series workers and implementation of wage revision which were already discussed with the officials concerned. All main problems would be solved in another five month’s time,” he added.

Earlier, the minister was given a warm welcome by the BHPV employees at the airport. Before meeting the leaders of recognised trade union, Parirakshana Front and others, Mr Deshmukh planted saplings on the premises of the administrative building. Among others, the RS member, Dr T. Subbarami Reddy, Ms Anakapalli MP Mr Sabbam Hari, BHPV managing director Mr S. S. Gupta, the BHEL director Mr Satya Dev, executive director Mr Sankar, joint secretary, ministry of heavy industries Mr Rajiv Bansal and director Mr Sridharan accompanied the Union minister.



ref:
http://www.deccanchronicle.com/hyderabad/bhel-take-over-bhpv-218

Friday, September 17, 2010

BHEL to invest Rs 1,200 cr in R&D by 2012

Bharat Heavy Electricals (Bhel) is revamping its production processes to develop low cost and more efficient equipment as it seeks to counter the threat of cheap imports from China. The company plans to increase its expenditure on research and development (R&D) by almost 50% to Rs 1,200 crore by 2011-12, said Bhel’s chairman and managing director B Prasada Rao at the 46th annual general meeting (AGM) of the company.

“The engineering & technology character of the organisation will be enhanced with increased focus on innovation and R&D,” he said. In 2009-10 Bhel invested `829 crore in R&D with prime focus on economical power equipment that have high efficiency.

With its R&D initiatives, Bhel has been able to expand the load on existing power equipment to generate more power without much additional cost. For instance, it has introduced rating sets of 600 mw in the sub-critical league that match Chinese 660-MW super critical sets in efficiency without escalating the cost of the equipment. The company has introduced new range of equipment and enhanced the rating of 500 mw sets to 525 mw and 250 mw to 270 mw. The company recorded a jump of 37% in profit-after-tax (PAT) to a record `4,311 crore for the fiscal ended March, 2010.

Its turnover during the fiscal also grew 22% to an all-time high of Rs 34,154 crore.

ref:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/BHEL-to-invest-Rs-1200-cr-in-RD-by-2012/articleshow/6575943.cms

90% of orders in FY10 from pvt cos: BHEL

BHEL today said it secured orders worth Rs 59,037 crore from domestic and international clients in the financial year ended March, 2010, of which about 90 per cent came from the private sector.

Out of the total orders received by BHEL during the year for power plant equipment with a cumulative generation capacity of 16,489 MW, orders received from private power utilities alone accounted for 14,689 MW, it said.

The current order book of the company stands at Rs 1,44,000 crore.

The company recorded a jump of 37 per cent in profit-after-tax (PAT) to a record Rs 4,311 crore for the fiscal ended March, 2010.

The company's focus on expansion of activities in the transportation, transmission, defence, oil & gas and other industry sectors, in addition to its core area of power, was responsible for its success during the year, it added.

During the year, the company bagged its biggest-ever contract for establishment of a captive power plant for Indian Oil Corp and also garnered major repeat orders from Hindalco for a 6x150 MW BTG package, besides the single largest order for supply of 150 units of 5,000 HP 25 kV AC mainline electric locomotives to the Indian Railways.

BHEL plans to increase expenditure on research and development (R&D) to at least Rs 1,200 crore by 2011-12, the statement added.

more at:
http://www.business-standard.com/india/news/90orders-in-fy10pvt-cos-bhel/109010/on

Wednesday, September 15, 2010

BHEL employees win maximum number of Prime Minister's Shram Awards

Among Public & Private Sector companies in the country, BHEL employees have been conferred the maximum number of Prime Minister’s Shram Awards (2005 to 2007). These awards are the country’s highest honour bestowed on individuals for outstanding achievements leading to higher productivity, improved quality, greater safety, import substitution and foreign exchange savings.

The awards were presented by the Hon’ble Prime Minister of India, Dr. Manmohan Singh, at a function held here today. Nineteen employees of BHEL, from its various units located across the country, shared 13 Shram awards including one Shram Bhushan, five Shram Vir and seven Shram Shree and Shram Devi awards for the years 2005-2007.

Significantly, BHEL employees’ zeal to excel supported by the company’s constant encouragement has resulted in 74 of its employees winning a sizeable number of 57 of these coveted national awards so far.

Instituted in 1985 by the Ministry of Labour, Government of India, the Shram Awards carry a cash prize and a Sanad. BHEL employees have regularly been winning these prestigious awards, since inception.

The Government of India has also recently announced the Prime Minister’s Shram Awards for the year 2008. Four workmen of BHEL have won these prestigious awards for 2008 which includes one Shram Bhushan award.

A pioneer in Human Resource Development in India, BHEL realises the value of quality human resources and that the development of this critical resource has become imperative, in view of a business environment where globalisation, competition, customer expectations, fast pace of change and new economic policies pose serious challenges.

Aimed at encouraging individuals to take up improvement projects for capability building and for continuous improvement in every sphere of activity, an Improvement Projects Rewards Scheme (IMPRESS) has been introduced company-wide. The scheme is e-network based and provides weightage for various aspects like relevance to the department, innovation/creativity, meeting targets, institutionalization, deployability and financial impact.


ref:
http://www.bhel.com/press_release/press_pop.php?press_id=437

India's Aug power output grew lowest since Feb 2009

India's power output grew an annual 1 percent in August, the slowest growth since February 2009 as some plants were shut, but peak power deficit narrowed as heavy rainfall curbed demand.

Generation by thermal plants, fired by coal, gas and liquid fuel, grew a paltry 0.6 percent, the Central Electricity Authority (CEA) said in a report posted on its website on Tuesday.

Thermal power, which generate about two-thirds of the country electricity, were hit by coal shortages, unplanned and extended maintenance shutdown at some plants, and low demand from states getting power from gas-fired plants.

Coal-based power generation grew by 2.79 percent in August from a year ago, slowed down by a 12 percent shortfall in supplies, it said.

Twelve power producers had coal stocks sufficient for less than four days' generation, the data showed.

India's peak power deficit, the shortfall between supply and demand in peak hours, in August to narrow to 10.7 percent compared with the actual 12.5 percent in July.

Energy deficit, shortages of fuel for power stations, is seen improving to 7.5 percent in August from the actual 8.5 precent recorded in July.

more at
http://af.reuters.com/article/energyOilNews/idAFSGE68D0I420100914

Tuesday, September 14, 2010

BHEL bags Rs 2,665 cr order from Dainik Bhaskar Power

BHEL has bagged a Rs 2,665 crore order for supply and installation of the main plant package for Dainik Bhaskar Power Limited's 2x600 MW coal-based thermal power project at Baradarha, in Janjgir district of Chhattisgarh.

As per the contract, BHEL would be entrusted with design, engineering, MFR, supply, erection, testing and commissioning of boilers, steam turbines and turbo generators, along with state-of-the-art controls and instrumentations and other associated auxiliaries, for the project, a company statement said.

While the BHEL complex in Tiruchirapalli will take care of boiler production, its Bangalore unit will handle the installation of controls and instrumentation systems and its Ranipet unit will manufacture the auxiliaries.

BHEL said independent power producers accounted for 90 per cent of the orders it received in 2009-10 for power plant equipment with a total generation capacity of 16,489 MW.


ref:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/BHEL-bags-Rs-2665-cr-order-from-Dainik-Bhaskar-Power/articleshow/6552541.cms

Monday, September 13, 2010

BHEL bags EEPC's Top Export Award for the 20th consecutive year

For outstanding export performance, Bharat Heavy Electricals Limited (BHEL) has won the Engineering Export Promotion Council (EEPC)’s Top Export Award for the twentieth year in succession. Conferred on BHEL in the category ‘Star Performer in 2008-09 for Project Exports - Large Enterprise’, The award was presented by the Hon’ble Union Minister for Commerce and Industry, Mr. Anand Sharma.

Riding high on its dominant domestic position, BHEL is taking long strides to become a major global player by enhancing its presence in international markets. It has identified overseas business as a major thrust area and the company’s globalisation strategy is yielding rich dividends.

In fiscal 2009-10, bucking the global recessionary trend, BHEL achieved a physical export order inflow of nearly Rs.3600 Crore. The year marked significant steps towards globalisation with successful forays in new markets and new product areas, apart from firmly establishing the company’s presence in existing markets and areas.

more at:
http://www.bhel.com/press_release/press_pop.php?press_id=435

Sunday, September 12, 2010

BHEL`s Dadri power project stage-II dedicated to nation

The National Capital Thermal Power Project (NCTPP) Stage-II, set up by with main equipment supplied by Bharat Heavy Electricals (BHEL) at Dadri in Uttar Pradesh, was dedicated to the nation by Sonia Gandhi, Hon`ble Chairperson, United Progressive Alliance.

The 980 MW thermal power project comprising two BHEL-built (Q,N,C,F)* units of 490 MW each, has been running satisfactorily, since commercial operation. Significantly, these are the first of their kind indigenous units, which have been designed for operating at a higher reheat steam temperature of 565 degree Celsius.

These new state-of-the-art machines with a better Heat Rate lead to a direct reduction of coal consumption to the tune of 12,000 tons per annum per unit. The units also comprise advanced control, instrumentation and monitoring system.

BHEL has earlier supplied and commissioned the main plant package comprising Boilers and Steam Turbine Generators for the 4x210 MW Stage-I of NCTPP, Dadri and was also associated with NTPC`s 817 MW Combined Cycle Power Project at the same location.

ref:
http://www.myiris.com/newsCentre/storyShow.php?fileR=20100913084706203&dir=2010/09/13&secID=livenews

Friday, September 10, 2010

BHEL to float investment arm

Seeking to expand its presence in the power sector and emerge as a major player in the coming years, State-run Bharat Heavy Electricals Limited (BHEL) on Thursday said it was exploring the possibility of setting up a separate finance company in a joint venture to finance power projects.

“We would appoint a consultant which would advise us on such issues like leveraging our resources to increase our exposure in the power sector, we may pick up minority stake, say 26 per cent stake in the power projects,” Chairman and Managing Director B. P. Rao said here. The NBFC could target opportunities in overseas markets also, he added.

ref:
http://www.thehindu.com/business/companies/article623505.ece

Wednesday, September 8, 2010

Boost capacity to meet demand: Bhel asks vendors

Bharat Heavy Electricals (Bhel) has asked its vendors and suppliers to form clusters to ramp up their scale of operations and meet Bhel’s increased demand, said AV Krishnan, executive director, Bhel (Trichy).

After flagging off four trailers loaded with four 116-tonne ceiling griders for the country’s first 800 mw super critical thermal power station being set up at Krishnapatnam in Andhra Pradesh, Krishnan asked the ancilliary units to increase their scale of operations to achieve an annual growth rate of 30% to 35% to grab huge opportunities thrown open by the power sector. The small industries should form clusters, wherein 100 companies would in the front-end to produce a minimum of 60,000 mt a year, supported by small industrial units forming the second line.

more at:
http://www.financialexpress.com/news/Boost-capacity-to-meet-demand--Bhel-asks-vendors/679156/

BHEL signs JV agreement with Kerala Govt

Bharat Heavy Electricals (BHEL) announced that it is signing a joint venture (JV) agreement with Governement of Kerala on Sept. 08, 2010.

This agreement will be signed for forming a joint venture company to acquire the Kasargod unit of KEL which manufactures alternators for railway applications and other industrial applications.

ref:
http://www.myiris.com/newsCentre/storyShow.php?fileR=20100908094032203&secID=fromnewsroom&secTitle=From%20the%20News%20Room&dir=2010/09/08

Tuesday, September 7, 2010

Bhel plans NBFC for power projects

Flush with funds, state-run power equipment manufacturer Bharat Heavy Electricals (Bhel) is entering the financing business in a big way. Keen to transform itself into a provider of total solutions to generation projects, Bhel has decided to float a non-banking finance company (NBFC) along with a strategic partner to finance power projects.

“It (the proposed NBFC) will act as our investment arm. Bhel will pick up a minority stake in the proposed NBFC and get other strategic investors on board,” Bhel chairman BP Rao told FE. “It will help improve our business prospects. Besides, it will also allow us to maximise returns on our cash reserves,” Rao said.

Bhel has started the process to select a consultant which could undertake a feasibility study and advise it on setting up the NBFC.

Bhel plans to leverage the funding support to attract potential customers for its equipment. At the same time, it also wants to optimise returns on its cash reserves of Rs 10,000 crore, mostly parked in low-yielding government securities

More at:
http://www.indianexpress.com/news/bhel-plans-nbfc-for-power-projects/678738/

Monday, September 6, 2010

IGCAR to develop advanced boiler for coal-fired power plants- signs MOU with BHEL

The Indira Gandhi Centre for Atomic Research (IGCAR) in Kalpakkam has decided to design and develop a 800 MW advanced, ultra super-critical boiler for use in coal-fired power plants.

IGCAR has signed a Memorandum of Understanding (MoU) with power equipment manufacturer BHEL and power generating company NTPC.

As per plans, IGCAR will design and develop the advanced, ultra super-critical boiler that can operate at a pressure of 350 bar (a measure of steam pressure) and at a temperature of 700 degree centigrade.

While BHEL will manufacture the boiler and other equipment needed for power generation and NTPC will operate the plant.

more at:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/IGCAR-to-develop-advanced-boiler-for-coal-fired-power-plants/articleshow/6505670.cms

Sunday, September 5, 2010

India''s first Geothermal power plant to come up in AP

This has nothing to with BHEl, but, read on.....
---
India's fist Geothermal power plant with an initial capacity of 25 Megawatts will be coming up in Andhra Pradesh's Khammam district by 2012, an official said today. India's first Geothermal Power Purchase Agreement (PPA) between GeoSyndicate Power Pvt Ltd (an incubated company of Indian Institute of Technology, Bombay) and Northern Power Distribution Company of AP Ltd (APNPDC) was signed recently in this connection, Dr D Chandrasekharam, Founder and Chairman of Geosyndicate told PTI here today. The signing of the agreement was done under the aegis of the Non-conventional Energy Development Corporation of Andhra Pradesh Limited (NEDCAP), he said. Andhra Pradesh is the first state in the country to have executed this PPA with India's one and only Indian geothermal company with eminent scientists and technocrats on its board, Chandrasekharam said. Global warming and climate change is and will continue to be one of the key challenges the world has to face in the coming decades and "Geothermal energy could play a vital role in mitigating these challenges by reducing dependence on fossil fuels and provide clean energy," he said. GeoSyndicate looks forward to play a significant role in reducing the country's carbon foot print by setting up the Geothermal plant, he added.



ref:
http://ibnlive.in.com/generalnewsfeed/news/indias-first-geothermal-power-plant-to-come-up-in-ap/279579.html

BHEL looking for technology provider to make heavy turbines

Bharat Heavy Electricals Limited (BHEL) is searching for a technology provider to manufacture heavy turbines for the Atomic Power Stations to come up in the wake of the US-Indo Civilian Nuclear agreement.

"We are holding talks with some Multi National Companies (MNCs) for the technical know-how to go in for production of heavy turbines at BHEL here," a top official told PTI.

"BHEL has plan to manufacture turbines for 700 and 1000 mega watt atomic power units in the country," he said.

After finalising the third party (technology provider), BHEL along with Nuclear Power Corporation of India Limited (NPCIL) will ink the pact with it, the officer, who preferred anonymity, said.

Besides turbines, BHEL Bhopal will try its hands at other equipment manufacturing for the atomic stations, the official said.

He said that their city based unit was not new to manufacturing atomic power station turbines, adding that their Haridwar-based unit in the past had manufactured generators for the atomic power stations.


ref:
http://www.business-standard.com/india/news/bhel-looking-for-technology-provider-to-make-heavy-turbines/107731/on

Chinese equipment stalls Durgapur Power plant; seeks BHEL help

Facing problems with Chinese power equipments, state owned Durgapur Projects Limited is believed to have approached BHEL for carrying out repair and recommission the 300 MW thermal power plant in West Bengal.

Chinese firm Dong Fang had supplied turbine to DPL, which has become inoperable due to some technical snag since nearly last three months, sources in the know said.

When contacted, Li Qi, CEO of Dong Fang (India), said, "Two months ago we were informed by DPL that some snag has developed in the equipment... We completed this project one year ago and transferred it to DPL."

Meanwhile, BHEL sources confirmed that DPL has contacted them to put the unit back on stream. In view of the Chinese technology, BHEL will have to resort to reverse engineering to gauge the extent of the problem before offering solutions.

more at:
http://economictimes.indiatimes.com/articleshow/6496995.cms

Saturday, September 4, 2010

stock market - BHEL in consolidation phase

BHEL (Rs 2,392.6): The structural uptrend that began in September 2001 in BHEL continues to be in force. The 2008 crash managed to drag the stock down 66 per cent from its all-time high of Rs 2,925. But the stock had then retraced only around 61 per cent of the uptrend from 2001 trough, keeping the long-term outlook positive. The uptrend from October 2008 lows has also been very strong indicating a bullish undercurrent in the stock.

That said the stock is in a protracted sideways consolidation since last June. The positive bias in this sideways move is reflected in the higher peaks and troughs formed within this range. The stock has also managed to move above its key intermediate-term resistance at Rs 2,200 and is holding above this level over the last 11 months.

Investors with a short- to medium-term perspective can hold the stock with the stop at Rs 2,300. There is a possibility of the stock declining to Rs 2,100 or Rs 1,950 over the ensuing weeks. Investors with a longer investment horizon can hold with a deeper stop at Rs 1,940. Near-term targets for the stock are at Rs 2,750 and Rs 2,925.

If the correction in BHEL halts above Rs 1,950, the stock can move on to Rs 3,650 over the next couple of years. Decline below the aforementioned support will keep the stock oscillating between Rs 1,500 and Rs 3,000 over the long-term.

ref:
http://www.thehindubusinessline.com/iw/2010/09/05/stories/2010090551100600.htm