Notwithstanding volatile market conditions, BHEL today filed initial papers with regulator Sebi for the follow-on public offer that will see the government offloading its 5% stake in the company.
The sale of government's 5% stake in the power equipment maker is expected to fetch over Rs 4,000 crore.
Bharat Heavy Electricals Ltd (BHEL) filed papers for the FPO with Sebi today, sources said.
The government in July had appointed four merchant bankers -- Morgan Stanley, DSP Merrill Lynch (Bank of America), ICICI Securities and Kotak Mahindra Capital -- for BHEL's follow-on public offer.
Based on today's market value of Rs 80,141.77 crore, the sale of 5% stake would be worth over Rs 4,000 crore.
The proposed BHEL follow-on offer is a part of the government's ambitious Rs 40,000 crore disinvestment target for 2011-12.
With high volatility in the stock markets, there are doubts whether the target would be met. So far this fiscal, the government has been able to mop up only Rs 1,162 crore through sale of shares in Power Finance Corp.
The government on August 30 approved the disinvestment of 5% of its shareholding in BHEL. The government holds 67.72% stake in the entity.
A price discount of 5% would be given for retail investors, as part of efforts to encourage greater public ownership in Central Public Sector Enterprises, the statement said.
Ten per cent of the shares to be offered for sale through further public offer shall be reserved for the employees, who would also given a price discount of 5%.
The government has already approved disinvestment in ONGC, SAIL, HCL and NBCC.
Last fiscal, the government raised Rs 22,763 crore through sale of equity in public sector enterprises.
ref:
http://www.moneycontrol.com/news/ipo-news/bhel-files-papers-for-fposebi_592720.html
Friday, September 30, 2011
Thursday, September 29, 2011
Bhel orders dry up due to policy paralysis
The uncertainty over land acquisition and policies, and the poor health of state-owned electricity distribution utilities has resulted in orders drying up for India’s largest power equipment maker— Bharat Heavy Electricals Ltd (Bhel).
The state-owned firm, which has been planning a follow-on public offer (FPO) of shares, didn’t receive any orders from power firms in the first quarter against orders worth Rs. 9,226 crore in the year earlier. It’s expecting to end the second quarter with only two orders valued at around Rs. 6,400 crore compared with Rs. 11,024 crore.
Bhel received orders worth around Rs. 46,393 crore from power companies in the last fiscal.
“We didn’t get any orders for power plant or engineering, procurement and construction in the first quarter. For the second quarter, which is yet to end, we received an order for two units of 660 megawatts (MW) each for Singareni Collieries Co. Ltd, valued at around Rs. 3,200 crore. We are also expecting another order for two units of 660MW each,” said a top Bhel executive who didn’t want to be identified.
ref:
http://www.livemint.com/2011/09/30004325/Bhel-orders-dry-up-due-to-poli.html
The state-owned firm, which has been planning a follow-on public offer (FPO) of shares, didn’t receive any orders from power firms in the first quarter against orders worth Rs. 9,226 crore in the year earlier. It’s expecting to end the second quarter with only two orders valued at around Rs. 6,400 crore compared with Rs. 11,024 crore.
Bhel received orders worth around Rs. 46,393 crore from power companies in the last fiscal.
“We didn’t get any orders for power plant or engineering, procurement and construction in the first quarter. For the second quarter, which is yet to end, we received an order for two units of 660 megawatts (MW) each for Singareni Collieries Co. Ltd, valued at around Rs. 3,200 crore. We are also expecting another order for two units of 660MW each,” said a top Bhel executive who didn’t want to be identified.
ref:
http://www.livemint.com/2011/09/30004325/Bhel-orders-dry-up-due-to-poli.html
Wednesday, September 28, 2011
Govt may levy import duty on power equipment for mega projects
India is reviving a plan to scrap its mega power plant policy, imposing a 5% customs duty on the import of equipment that goes into thermal projects that will generate at least 1,000 megawatts (MW).
The government’s move is believed to be prompted by a desire to prevent the import of Chinese equipment.
To be sure, the move needs to be cleared by the cabinet and the rule will apply only to new projects with companies that have already placed orders with Chinese equipment makers being exempt.
“Tariff or custom duty exemption is only applicable for mega power projects. If this distinction is done away with, there is no difference between mega or non-mega. The imported equipment will be subjected to a 5% customs duty, 10% countervailing duty and special additional duty of 4%. There will be no distinction. Everyone will have to pay the same duty,” said a top power ministry official who did not want to be identified.
The mega power project status allows fiscal benefits to developers of thermal power plants of at least 1,000MW capacity, including a tax holiday for 10 years and a waiver from customs duty on equipment imports.
more at:
http://www.livemint.com/2011/09/28234423/Govt-may-levy-import-duty-on-p.html?h=B
The government’s move is believed to be prompted by a desire to prevent the import of Chinese equipment.
To be sure, the move needs to be cleared by the cabinet and the rule will apply only to new projects with companies that have already placed orders with Chinese equipment makers being exempt.
“Tariff or custom duty exemption is only applicable for mega power projects. If this distinction is done away with, there is no difference between mega or non-mega. The imported equipment will be subjected to a 5% customs duty, 10% countervailing duty and special additional duty of 4%. There will be no distinction. Everyone will have to pay the same duty,” said a top power ministry official who did not want to be identified.
The mega power project status allows fiscal benefits to developers of thermal power plants of at least 1,000MW capacity, including a tax holiday for 10 years and a waiver from customs duty on equipment imports.
more at:
http://www.livemint.com/2011/09/28234423/Govt-may-levy-import-duty-on-p.html?h=B
Tuesday, September 27, 2011
BHEL pays all-time high equity dividend of 311.50% for FY11
With a final dividend payout of 179%, Bharat Heavy Electricals Limited (BHEL) has paid an equity dividend of 311.5% for fiscal 2010-11, as against 233% paid in the year before. This includes an interim dividend of 133% paid earlier. At Rs. 15,248 Million, this is the highest-ever dividend paid by the company so far.
With this, the company has maintained its unmatched track record of earning profits and rewarding investors by paying dividends uninterruptedly for over three decades without a break.
A cheque of Rs. 5934 Million towards the final dividend for the year 2010-11 on the equity (67.72%) held by the Government of India, was presented here today to Mr. Praful Patel, Union Minister for Heavy Industries and Public Enterprises by Mr. B.P. Rao, Chairman and Managing Director, BHEL in the presence of Sh. S. Sundareshan, Secretary, Department of Heavy Industries and other senior officers of the Ministry of Heavy Industries and BHEL.
ref:
http://www.indiainfoline.com/Markets/News/BHEL-pays-all-time-high-equity-dividend-of-311.50-percent-for-FY11/5252850218
With this, the company has maintained its unmatched track record of earning profits and rewarding investors by paying dividends uninterruptedly for over three decades without a break.
A cheque of Rs. 5934 Million towards the final dividend for the year 2010-11 on the equity (67.72%) held by the Government of India, was presented here today to Mr. Praful Patel, Union Minister for Heavy Industries and Public Enterprises by Mr. B.P. Rao, Chairman and Managing Director, BHEL in the presence of Sh. S. Sundareshan, Secretary, Department of Heavy Industries and other senior officers of the Ministry of Heavy Industries and BHEL.
ref:
http://www.indiainfoline.com/Markets/News/BHEL-pays-all-time-high-equity-dividend-of-311.50-percent-for-FY11/5252850218
Monday, September 26, 2011
Bhel issue only after market improves: Praful Patel
Union Heavy Industries & Public Enterprises Minister Praful Patel today said the government is waiting for the market sentiment to improve to launch the USD one-billion follow-on public offer of Bharat Heavy Electricals (BHEL).
"In the current market situation, I don''t think the Bhel issue will go ahead. It will go ahead at the right time, when the market improves. We have given an in-principle approval, (but) that does not mean we have given the timing," Patel told reporters on the sidelines of an IEEMA (Indian Electrical & Electronics Manufacturers Association) event here.
"There is no hurry for Bhel to go for 5 percent dilution," Patel added.
The comments come on the heels of the Government calling off the over Rs 11,000-crore ONGC follow-on issue earlier this month.
The issue was to hit the markets on September 20 but the markets started crashing from the middle of the month following the renewed credit crisis in the Eurozone economies.
At the end of June, the government held 67.72 percent stake in Bhel.
The proposed share sale is part of the government''s ambitious programme to garner Rs 40,000 crore through divestment in the current fiscal.
But it has barely achieved three percent of the target through Rs 1,100 crore from divesting five percent in Power Finance Corporation in the current fiscal.
ref :
http://www.moneycontrol.com/news/wire-news/bhel-issue-only-after-market-improves-praful-patel_590851.html
"In the current market situation, I don''t think the Bhel issue will go ahead. It will go ahead at the right time, when the market improves. We have given an in-principle approval, (but) that does not mean we have given the timing," Patel told reporters on the sidelines of an IEEMA (Indian Electrical & Electronics Manufacturers Association) event here.
"There is no hurry for Bhel to go for 5 percent dilution," Patel added.
The comments come on the heels of the Government calling off the over Rs 11,000-crore ONGC follow-on issue earlier this month.
The issue was to hit the markets on September 20 but the markets started crashing from the middle of the month following the renewed credit crisis in the Eurozone economies.
At the end of June, the government held 67.72 percent stake in Bhel.
The proposed share sale is part of the government''s ambitious programme to garner Rs 40,000 crore through divestment in the current fiscal.
But it has barely achieved three percent of the target through Rs 1,100 crore from divesting five percent in Power Finance Corporation in the current fiscal.
ref :
http://www.moneycontrol.com/news/wire-news/bhel-issue-only-after-market-improves-praful-patel_590851.html
BHEL FPO may happen before ONGC issue: Disinvestment Secy
In an interview to CNBC-TV18, Mohammad Haleem Khan, Disinvestment Secretary said, Oil and Natural Gas Corporation ’s follow-on public offer (FPO) will be reviewed after a fortnight.
According to him, BHEL FPO may happen before ONGC FPO. However, he said, BHEL FPO timing does not hinge on ONGC issue. "If BHEL is ready with all the procedures in place and compliances, which are required, and it is also comfortable with the market position then it can go ahead irrespective of whether ONGC is done before it or after that," he added.
Below is the edited transcript of his interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying videos.
Q: The government had set out a disinvestment target of Rs 40,000 crore, barely 3% of that has been achieved. Is the government at all confident of achieving that target or has that been completely reworked?
A: These numbers have emerged out of the budgetary exercise. When they decided to prepare budget for 2011-12, they created budgetary estimates. This Rs 40,000 crore number comes from that. Now, this process has got certain amount of sanctity. After the second quarter, there will be a revision of estimates.
When the revision of estimates takes place, they will take all things into account and decide whether the Rs 40,000 crore number is to be revisited. Otherwise, at this point of time, we are saying that Rs 40,000 crore is the target which has to be achieved by the department. Keeping in view the various options available, we will continue to work for that.
More at:
http://www.moneycontrol.com/news/ipo-upcoming-issues/bhel-fpo-may-happen-before-ongc-issue-disinvestment-secy_590447.html
According to him, BHEL FPO may happen before ONGC FPO. However, he said, BHEL FPO timing does not hinge on ONGC issue. "If BHEL is ready with all the procedures in place and compliances, which are required, and it is also comfortable with the market position then it can go ahead irrespective of whether ONGC is done before it or after that," he added.
Below is the edited transcript of his interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying videos.
Q: The government had set out a disinvestment target of Rs 40,000 crore, barely 3% of that has been achieved. Is the government at all confident of achieving that target or has that been completely reworked?
A: These numbers have emerged out of the budgetary exercise. When they decided to prepare budget for 2011-12, they created budgetary estimates. This Rs 40,000 crore number comes from that. Now, this process has got certain amount of sanctity. After the second quarter, there will be a revision of estimates.
When the revision of estimates takes place, they will take all things into account and decide whether the Rs 40,000 crore number is to be revisited. Otherwise, at this point of time, we are saying that Rs 40,000 crore is the target which has to be achieved by the department. Keeping in view the various options available, we will continue to work for that.
More at:
http://www.moneycontrol.com/news/ipo-upcoming-issues/bhel-fpo-may-happen-before-ongc-issue-disinvestment-secy_590447.html
Sunday, September 25, 2011
Warm farewell given to BHEL GMs on retirement
In a simple programme held at BHEL administration building SS Gupta, ED, BHEL (Bhopal) bade farewell to General Manager PT Pathrabe and General Manager Umesh Singhal on attaining the superannuation age.
In the year 1974, Pathrabe joined BHEL, Bhopal as an engineer trainee, after completing his BE (Electrical Engineering) from Nagpur in 1973. During his tenure he extended his contribution in department like HPE, SYX, AME, TME and EME.
Singhal joined BHEL, Bhopal in 1975, after graduating in Mechanical engineering from Indore in 1974 and served in various departments like SWM, SCS, HSS, TAD, PMG and STS. Gupta in his address threw light on various contributions of them at various posts and prayed for their happy retired life.
ref:
http://www.dailypioneer.com/state-editions/bhopal/8928-warm-farewell-given-to-bhel-gms-on-retirement.html
In the year 1974, Pathrabe joined BHEL, Bhopal as an engineer trainee, after completing his BE (Electrical Engineering) from Nagpur in 1973. During his tenure he extended his contribution in department like HPE, SYX, AME, TME and EME.
Singhal joined BHEL, Bhopal in 1975, after graduating in Mechanical engineering from Indore in 1974 and served in various departments like SWM, SCS, HSS, TAD, PMG and STS. Gupta in his address threw light on various contributions of them at various posts and prayed for their happy retired life.
ref:
http://www.dailypioneer.com/state-editions/bhopal/8928-warm-farewell-given-to-bhel-gms-on-retirement.html
Friday, September 23, 2011
Power min blames Bhel for delay in capacity addition
Power and heavy industries ministries have once again locked horns over the delays in implementing the government’s capacity addition programme. While the power ministry has put the blame squarely on Bhel for delaying equipment supplies, creating problems in commissioning projects, heavy industries ministry, which exercises control over the PSU, has washed its hand of over the allegations. The latter also suggested that power projects are delayed due to other reasons.
In a letter to heavy industries secretary S Sundereshan, power secretary P Uma Shankar has said that a few gas and coal-based based power projects, scheduled for commissioning in the final years of the 11th Plan, have overshot the targets by several months as milestones committed by Bhel during the secretary level review meetings have not been achieved. He has also expressed fear that the delay could seriously impact capacity addition programme.
more at:
http://www.financialexpress.com/news/Power-min-blames-Bhel-for-delay-in-capacity-addition/850860/
In a letter to heavy industries secretary S Sundereshan, power secretary P Uma Shankar has said that a few gas and coal-based based power projects, scheduled for commissioning in the final years of the 11th Plan, have overshot the targets by several months as milestones committed by Bhel during the secretary level review meetings have not been achieved. He has also expressed fear that the delay could seriously impact capacity addition programme.
more at:
http://www.financialexpress.com/news/Power-min-blames-Bhel-for-delay-in-capacity-addition/850860/
Wednesday, September 21, 2011
NTPC expects BHEL to match Doosan's 800MW boiler tender bid
India's largest state-owned power generating company NTPC recently opened bids for large boiler and turbine tenders, which are being valued at Rs 7,500 crore.
While the company is still evaluating all bids, its chairman and managing director Arup Roy Choudhury says that L&T is likely to be the third lowest (L3) contender.
For the 800 megawatt boiler tender, Doosan has emerged as lowest bidder, while BHEL is the second lowers bidder, Choudhury confirmed. "We expect BHEL to match the lowest bid as rates are quite competitive," he told CNBC-TV18 in an exclusive interview.
Talking about the intensifying competition among suppliers, he said this was due to increase in the number of equipment manufacturers in the market.
NTPC (formerly National Thermal Power Corporation) is likely to award boiler and turbine tenders within a month.
ref:
http://www.moneycontrol.com/news/business/ntpc-expects-bhel-to-match-doosan39s-800mw-boiler-tender-bid_588656.html
While the company is still evaluating all bids, its chairman and managing director Arup Roy Choudhury says that L&T is likely to be the third lowest (L3) contender.
For the 800 megawatt boiler tender, Doosan has emerged as lowest bidder, while BHEL is the second lowers bidder, Choudhury confirmed. "We expect BHEL to match the lowest bid as rates are quite competitive," he told CNBC-TV18 in an exclusive interview.
Talking about the intensifying competition among suppliers, he said this was due to increase in the number of equipment manufacturers in the market.
NTPC (formerly National Thermal Power Corporation) is likely to award boiler and turbine tenders within a month.
ref:
http://www.moneycontrol.com/news/business/ntpc-expects-bhel-to-match-doosan39s-800mw-boiler-tender-bid_588656.html
Tuesday, September 20, 2011
BHEL aims to commission 20,000 MW equipment this fiscal
Bharat Heavy Electricals (BHEL) today said it expects to commission over 20,000 MW equipment, which includes overseas projects, in the current fiscal.
Addressing shareholders at the annual general meeting here, BHEL Chairman and Managing Director B Prasada Rao said the company's strategy to improve execution capabilities include vendor base expansion, rate contracts and enhanced outsourcing.
"The company has set an ambitious target of commissioning over 20,000 MW comprising utilities, industrial and overseas projects during 2011-12," he said. In 2010-11, BHEL commissioned 9,442 MW of power equipment. This includes 52 sets of equipment with a combined capacity of 7,667 MW, commissioned within the country and abroad.
Noting that BHEL is on track to become a 20,000 MW company by March 2012, Rao said the company would continue expanding its offerings in new growth areas such as solar, nuclear, transportation, transmission & distribution and water.
more at:
http://www.moneycontrol.com/news/business/bhel-aims-to-commission-20000-mw-equipment-this-fiscal_588453.html
Addressing shareholders at the annual general meeting here, BHEL Chairman and Managing Director B Prasada Rao said the company's strategy to improve execution capabilities include vendor base expansion, rate contracts and enhanced outsourcing.
"The company has set an ambitious target of commissioning over 20,000 MW comprising utilities, industrial and overseas projects during 2011-12," he said. In 2010-11, BHEL commissioned 9,442 MW of power equipment. This includes 52 sets of equipment with a combined capacity of 7,667 MW, commissioned within the country and abroad.
Noting that BHEL is on track to become a 20,000 MW company by March 2012, Rao said the company would continue expanding its offerings in new growth areas such as solar, nuclear, transportation, transmission & distribution and water.
more at:
http://www.moneycontrol.com/news/business/bhel-aims-to-commission-20000-mw-equipment-this-fiscal_588453.html
Sunday, September 18, 2011
Railways may allot R26k cr projects to Bhel sans bids
Indian Railways is weighing award of contracts worth R26,000 crore to state-owned Bharat Heavy Electricals (Bhel) on a nomination basis. The move, a departure from the earlier decision to execute these projects on a public-private partnership (PPP) basis, is a breach of Central Vigilance Commission guidelines discouraging such nominations and a Supreme Court judgment in 2006 which said nomination should be only a last resort. In such awards, a company doesn’t have to compete with other firms or submit any price bid.
The contracts include setting up two factories in West Bengal. For the last 15 months, railways had been testing the projects under PPP mode.
It had shortlisted nine international engineering firms including Alstom, Bombardier, Siemens, GE, Hitachi and Hyundai-Rotem for financial bids.
ref:
http://www.financialexpress.com/news/Railways-may-allot-R26k-cr-projects-to-Bhel-sans-bids/848517/
The contracts include setting up two factories in West Bengal. For the last 15 months, railways had been testing the projects under PPP mode.
It had shortlisted nine international engineering firms including Alstom, Bombardier, Siemens, GE, Hitachi and Hyundai-Rotem for financial bids.
ref:
http://www.financialexpress.com/news/Railways-may-allot-R26k-cr-projects-to-Bhel-sans-bids/848517/
BHEL puts up a brave face, says it is not desperate for orders
BHEL, which lost the best bidder status in a prestigious tender of NTPC, says it does not need orders at un-remunerative prices.
“We are not that desperate,” a senior official of BHEL told Business Line, soon after the news broke out, on Thursday, that BGR Energy had emerged the lowest bidder for the supply of turbine-generator sets for NTPC.
Coming on the heels of the South Korean Doosan turning out to be the lowest bidder for the supply of boilers for the same projects of NTPC, the question is “what has happened to BHEL?”
For sure, regardless of its ranking among the bidders, BHEL will get orders for four boilers and two turbine-generators, for the nine supercritical thermal plants of NTPC, of 800 MW each, spread over four locations. With orders on hand worth Rs 1.6 lakh crore, BHEL is indeed not desperate for work, unlike its competitors.
ref:
http://www.thehindubusinessline.com/companies/article2465215.ece
“We are not that desperate,” a senior official of BHEL told Business Line, soon after the news broke out, on Thursday, that BGR Energy had emerged the lowest bidder for the supply of turbine-generator sets for NTPC.
Coming on the heels of the South Korean Doosan turning out to be the lowest bidder for the supply of boilers for the same projects of NTPC, the question is “what has happened to BHEL?”
For sure, regardless of its ranking among the bidders, BHEL will get orders for four boilers and two turbine-generators, for the nine supercritical thermal plants of NTPC, of 800 MW each, spread over four locations. With orders on hand worth Rs 1.6 lakh crore, BHEL is indeed not desperate for work, unlike its competitors.
ref:
http://www.thehindubusinessline.com/companies/article2465215.ece
Thursday, September 15, 2011
BHEL bags Rs 2500-3000 crore order: Report
Bharat Heavy Electrical Ltd has bagged an order worth Rs 2500-3000 crore from Singareni Collieries, ET Now reports.
Singareni Collieries Company Ltd, a state-owned mining company, on 12th September approved the order to supply two 600 MW boiler turbine generators, according to sources. BHEL will soon release an official confirmation of the order.
BHEL has reported a total order inflow of Rs 60,476 crore for FY2011 (up 2.4% YoY), finishing the year with a total order backlog of Rs 164,130 crore. For the last quarter the company was only able to declare an order inflow of 4000-5000 cr and hence an additional order worth Rs 3000 cr would boost investor sentiment.
Earlier in the week, ET Now reported that bidding for NTPC's Rs 18,000-cr project for the bulk supply of 800 mw supercritical equipment was expected to open today. L&T, BHEL, Bharat Forge, JSW, BGR Energy, Thermax and Doosan have participated in the bidding.
Analsyts expect BHEL to be winning minimum 4 sets (4x800 mw) from NTPC's Rs 18000 cr order pipeline.
The shares of the company closed 1.4% higher at Rs 1727. The stock has hit a high of Rs 1741.95 in the intra day trade on the BSE today.
ref:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/bhel-bags-rs-2500-3000-crore-order-report/articleshow/9982036.cms
Singareni Collieries Company Ltd, a state-owned mining company, on 12th September approved the order to supply two 600 MW boiler turbine generators, according to sources. BHEL will soon release an official confirmation of the order.
BHEL has reported a total order inflow of Rs 60,476 crore for FY2011 (up 2.4% YoY), finishing the year with a total order backlog of Rs 164,130 crore. For the last quarter the company was only able to declare an order inflow of 4000-5000 cr and hence an additional order worth Rs 3000 cr would boost investor sentiment.
Earlier in the week, ET Now reported that bidding for NTPC's Rs 18,000-cr project for the bulk supply of 800 mw supercritical equipment was expected to open today. L&T, BHEL, Bharat Forge, JSW, BGR Energy, Thermax and Doosan have participated in the bidding.
Analsyts expect BHEL to be winning minimum 4 sets (4x800 mw) from NTPC's Rs 18000 cr order pipeline.
The shares of the company closed 1.4% higher at Rs 1727. The stock has hit a high of Rs 1741.95 in the intra day trade on the BSE today.
ref:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/bhel-bags-rs-2500-3000-crore-order-report/articleshow/9982036.cms
Thursday, September 8, 2011
U.N. Singh takes over as GM in-charge at BHEL's Industrial Systems Group
Mr U.N.Singh has taken over as the General Manager in-charge of BHEL's Industrial Systems Group (ISG), Bangalore, a unit of BHEL which handles bulk material handling systems like coal and ash handling systems for power plants and steel plant automation .
Previous roles
Mr Singh has served BHEL in various capacities at the unit since 1978 and has been responsible for securing a number of direct orders for Material Handling System for BHEL.
He has also spearheaded the execution of number of projects of Coal and Ash Handling systems as well as automation of Steel plants, a press statement said.
Expert committee on energy
He is also a member on the expert committee on energy at Bangalore Chamber of Industry and Commerce (BCIC).
Ref:
http://www.thehindubusinessline.com/companies/article2436548.ece
Previous roles
Mr Singh has served BHEL in various capacities at the unit since 1978 and has been responsible for securing a number of direct orders for Material Handling System for BHEL.
He has also spearheaded the execution of number of projects of Coal and Ash Handling systems as well as automation of Steel plants, a press statement said.
Expert committee on energy
He is also a member on the expert committee on energy at Bangalore Chamber of Industry and Commerce (BCIC).
Ref:
http://www.thehindubusinessline.com/companies/article2436548.ece
Monday, September 5, 2011
BHEL bags Rs 1395 crore contract from MMDC
BHEL on Monday said it bagged Rs 1,395 crore contract from the country's biggest miner NMDC for handling raw material at its steel plant at Nagarnar in Chhattisgarh.
BHEL will set up the Raw Material Handling System (RMHS) package for NMDC's three million tonnes per annum steel plant at Nagarnar in Chhattisgarh, on turnkey basis, the power equipment maker said in a statement.
The contract was signed in the presence of BHEL CMD B P Rao and NMDC CMD Rana Som.
The project includes Engineering, Procurement and Construction of complete RMHS, from receipt of various raw material (coal, iron ore etc) from wagon tippling to crushing.The order envisages installation of conveyor length of nearly 30 kms.
The government has recently approved disinvestment of five per cent of its stake in BHEL, which could fetch about Rs. 4,320 crore. The government holds 67.72 per cent in BHEL.
In 2010-11, the company recorded a turnover of Rs. 43,337 crore and profit after tax
ref:
http://profit.ndtv.com/news/show/bhel-bags-rs-1-395-crore-contract-from-nmdc-175925
BHEL will set up the Raw Material Handling System (RMHS) package for NMDC's three million tonnes per annum steel plant at Nagarnar in Chhattisgarh, on turnkey basis, the power equipment maker said in a statement.
The contract was signed in the presence of BHEL CMD B P Rao and NMDC CMD Rana Som.
The project includes Engineering, Procurement and Construction of complete RMHS, from receipt of various raw material (coal, iron ore etc) from wagon tippling to crushing.The order envisages installation of conveyor length of nearly 30 kms.
The government has recently approved disinvestment of five per cent of its stake in BHEL, which could fetch about Rs. 4,320 crore. The government holds 67.72 per cent in BHEL.
In 2010-11, the company recorded a turnover of Rs. 43,337 crore and profit after tax
ref:
http://profit.ndtv.com/news/show/bhel-bags-rs-1-395-crore-contract-from-nmdc-175925
Sunday, September 4, 2011
NMDC, BHEL sign pact for raw material handling system
NMDC has signed a contract for Raw Material Handling System Package for the upcoming 3 MTPA Integrated Steel Plant at Nagarnar, with BHEL on Saturday.
Mr. G. Viswakarma, ED (Steel Plant) on behalf of NMDC and Mr. U.N. Singh GM, for BHEL signed Contract Agreement in presence of Mr Rana Som, CMD, NMDC and Mr B.P.Rao, CMD, BHEL and other dignitaries.
Mr. Rana Som said the proposed 3 MTPA steel plant would be the fastest moving steel plant project among all green field or brown field projects in the country.
Mr. B.P.Rao, CMD, BHEL said that BHEL’s group at Bangalore was fully geared up to complete this challenging job well within the stipulated time of 30 months.
The Raw Material Handling System will be handling @ 10 MT/year of raw material catering to the different units of the NMDC Steel Plant.
ref:
http://www.thehindubusinessline.com/companies/article2421165.ece
Mr. G. Viswakarma, ED (Steel Plant) on behalf of NMDC and Mr. U.N. Singh GM, for BHEL signed Contract Agreement in presence of Mr Rana Som, CMD, NMDC and Mr B.P.Rao, CMD, BHEL and other dignitaries.
Mr. Rana Som said the proposed 3 MTPA steel plant would be the fastest moving steel plant project among all green field or brown field projects in the country.
Mr. B.P.Rao, CMD, BHEL said that BHEL’s group at Bangalore was fully geared up to complete this challenging job well within the stipulated time of 30 months.
The Raw Material Handling System will be handling @ 10 MT/year of raw material catering to the different units of the NMDC Steel Plant.
ref:
http://www.thehindubusinessline.com/companies/article2421165.ece
Saturday, September 3, 2011
Generators worth Rs. 5 crore gutted in BHEL fire
Property worth Rs. 5 crore nearly has been gutted in the fire mishap at Bharat Heavy Electricals Limited (BHEL) in Ramachandrapuram on Friday, according to preliminary estimates.
However, there were no casualties reported.
The mishap occurred in the second block of the factory where generators are manufactured.
According to inspector of factories K Srinvasa Rao, the electronic testing equipment caught fire suddenly around 8.30 a.m, sometime after the first shift began.
Soon it spread and gutted all the generators in the place.
About six fire fighting squads from the ordnance factory, BDL and Patancheru rushed to BHEL to douse the fire.
The management maintained the mishap occurred due to short circuit and estimated the loss to be between ` 3 and 5 crore.
ref:
http://ibnlive.in.com/news/generators-worth-rs-5-crore-gutted-in-bhel-fire/180933-60-114.html
However, there were no casualties reported.
The mishap occurred in the second block of the factory where generators are manufactured.
According to inspector of factories K Srinvasa Rao, the electronic testing equipment caught fire suddenly around 8.30 a.m, sometime after the first shift began.
Soon it spread and gutted all the generators in the place.
About six fire fighting squads from the ordnance factory, BDL and Patancheru rushed to BHEL to douse the fire.
The management maintained the mishap occurred due to short circuit and estimated the loss to be between ` 3 and 5 crore.
ref:
http://ibnlive.in.com/news/generators-worth-rs-5-crore-gutted-in-bhel-fire/180933-60-114.html
Friday, September 2, 2011
Fire in BHEL, employees safe
A fire broke out in Bharat Heavy Electricals Limited (BHEL), Ramachandrapuram near here on Friday. However, no one was injured.
According to sources, the loss would be between Rs.2 crore to Rs.3 crore though a formal assessment was yet to be done. Officials claimed that a short circuit caused the fire, but sources in the BHEL said the fire was sparked off during welding work and spread to the workshop soon. According to K. Srinivasa Rao, Inspector of Factories, six fire engines from Patancheru, Bharat Dynamics Limited and Ordinance Factory were pressed into service to douse the fire. It took about an hour to bring it under control.
A press release issued by BHEL, however, described it as a ‘minor' fire.
ref:
http://www.thehindu.com/news/states/andhra-pradesh/article2419097.ece
According to sources, the loss would be between Rs.2 crore to Rs.3 crore though a formal assessment was yet to be done. Officials claimed that a short circuit caused the fire, but sources in the BHEL said the fire was sparked off during welding work and spread to the workshop soon. According to K. Srinivasa Rao, Inspector of Factories, six fire engines from Patancheru, Bharat Dynamics Limited and Ordinance Factory were pressed into service to douse the fire. It took about an hour to bring it under control.
A press release issued by BHEL, however, described it as a ‘minor' fire.
ref:
http://www.thehindu.com/news/states/andhra-pradesh/article2419097.ece
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