BHEL, GAIL seek Maharatna status

BHEL and state gas utility GAIL have approached the government for grant of Maharatna status, which will give them greater financial autonomy. "Recently, both BHEL and GAIL have forwarded their applications for the grant of the status to the Department of Public Enterprises (DPE)," an official said. The Scrutiny Committee of the DPE would soon meet to scrutinise the proposals, he added. At present, BHEL and GAIL are Navratna PSUs. more at: http://www.indianexpress.com/news/bhel-gail-seek-maharatna-status/1009960/

BHEL to set up a 5 MW solar plant in Chennai

Bharat Heavy Electricals Ltd intends to set up a 5 MW solar power plant in its boiler auxiliary plant complex at Ranipet near Chennai. An official of BHEL said that the public sector power equipment major is setting up the plant for captive consumption of electricity the plant would produce. The official disclosed this while answering a question of Mr K Venugopal member of Tamil Nadu Electricity Regulatory Commission, at an interaction organized by the Confederation of Indian Industry for spreading awareness on REC/RPO mechanism. He wanted to know whether the solar plant would be eligible for both ‘renewable energy certificates’ and carbon credits. (It was clarified that it is.) At Ranipet, BHEL has a sprawling complex of 163 acres. A 5 MW photo voltaic solar plant, based on crystalline silicon technology, would need about 25 acres. Land, therefore, is no issue for BHEL. BHEL itself manufactures PV modules at its plant in Bangalore. It produces both mono and poly silicon-based cells and modules from wafers bought (mostly) from Japan. With the main inputs land and key equipment available inhouse, BHEL believes it would be able to put up the plant in quick time, in order that it is able to reduce its dependence on diesel-based power that it uses, whenever grid power is not available which is for 6 to 8 hours a day. Under the extant rules of the REC mechanism, an entity that puts up a solar (or renewable energy based) plant and itself consumes the energy, it is still eligible to get trade-able renewable energy certificates. more at: http://www.steelguru.com/indian_news/BHEL_to_set_up_a_5_MW_solar_plant_in_Chennai/285656.html

BHEL plans chemical cleaning of first set of supercritical boilers soon

BHEL’s first 2 x 660 supercritical boilers for National Thermal Power Corporation’s Barh project in Bihar will go through chemical cleaning shortly. Chemical cleaning completely removes oxides of iron through passivation, a technique involving application of a light coating of material to create a shell against corrosion. The inner surfaces of the heat transfer tubes are thereby protected from corrosion and other damages. As a preparatory exercise, a two-day workshop on ‘Chemical Aspects of Once-through Supercritical Boiler Cleaning’ was initiated at BHEL, Tiruchi, on Friday. Engineers will gain hands-on experience in actual conduct of chemical cleaning of super critical boilers. The workshop was of high significance against this backdrop, S. Sundararajan, General Manager, Research and Development and Coal Research, said in his inaugural address. Chemical cleaning practices for super-critical boilers vis-à-vis sub-critical boilers were different. more at: http://www.thehindu.com/news/cities/Tiruchirapalli/bhel-plans-chemical-cleaning-of-first-set-of-supercritical-boilers-soon/article3948563.ece

BHEL launches Hindi website

BHEL Tiruchi on Tuesday launched a dedicated website in Hindi to coincide with Rajbhasha Day celebrations. Launched by Executive Director A.V. Krishnan who is also Chairman, Official Language Implementation Committee, the website contains a public grievance and suggestion portal for general public. The prevailing business environment warrants employees to have working knowledge of Hindi to interact better with customers and other business partners, Mr. Krishnan said presiding over the Rajbhasha Day function. The chief guest, Manjula Renganathan, Divisional Railway Manager, Tiruchi, said while 400 languages were being spoken in India, 75 per cent of the population was at an advantage with Hindi. A common language maintains the cultural identity of a nation, she said, handing over the first copy of Hindi souvenir ‘BHEL Kiran’ to Mr. Krishnan. more at: http://www.thehindu.com/news/cities/Tiruchirapalli/bhel-launches-hindi-website/article3938182.ece

BHEL maintains growth trajectory under difficult market conditions

Bharat Heavy Electricals Limited maintained the growth momentum achieved in the year before, with a top line growth of 20% and an all time high Turnover of INR 495100 Million. The company also recorded a quantum jump of 24% in its Profit After Tax (PAT) which was also the highest ever at INR 70400 Million. Significantly, with this BHEL has become eligible for ‘Maharatna’ status. This was disclosed by Mr B Prasada Rao, Chairman & Managing Director, BHEL at the 48th Annual General Meeting of the company, here today. Addressing shareholders, Mr. Rao said that BHEL recorded a 26% surge in Net Worth, which went up to Rs.25373 Crore from INR 20154 Crore in the year before. Earnings Per Share (EPS) on the post split number of shares basis went up by 24% to INR 28.76. Consequently, a total dividend of Rs.15660 Million the highest ever, has been declared for 2011-12, which is 320% of the paid-up capital (including an interim dividend of 136%). more at: http://www.steelguru.com/indian_news/BHEL_maintains_growth_trajectory_under_difficult_market_conditions/284929.html

BHEL employees win 3 Vishwakarma National Awards

3 Vishwakarma Rashtriya Puraskars have been shared by 13 employees from BHEL’s Trichy unit, for innovative suggestions leading to cost reduction, higher productivity, safety and quality of products In addition, 5 'National Safety Awards' have been won by BHEL's Trichy unit and Electroporcelains Division, Bangalore for outstanding achievements in terms of the longest accident free period and lowest accident frequency rate at their works. Significantly, BHEL and its employees have been winning both these prestigious national awards, consistently, since their inception. more at: http://www.steelguru.com/indian_news/BHEL_employees_win_3_Vishwakarma_National_Awards/284690.html

Power stocks rally on restructuring of loans for SEBs; BHEL up 6%

Power sector stocks such as BHEL, Tata Power, Power Finance Corp and REC registered smart gains in a choppy market on Monday on the hopes of restructuring of loans for state electricity boards. The market will be closely watching any update on debt restructuring in state electricity boards (SEBs), easier overseas borrowing and fate of reform proposals like higher foreign direct investment in the insurance sector this week. "Concrete announcements on the restructuring of SEB debt would boost power sector stocks. We could see some movement especially in many beaten-down shares, including those of utilities," said Sandip Sabharwal, CEO - PMS at Mumbai-based broker Prabhudas Lilladher, in an ET report. "The market looks directionally positive. But with the lack of further news flow, it could consolidate before eventually moving to new highs," he said more at: http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/power-stocks-rally-on-restructuring-of-loans-for-sebs-bhel-up-6/articleshow/16525387.cms

For BHEL, Coalgate concerns over, new orders inflow and margins hold key

BHEL after hitting 52 weeks lows of Rs 195.05 on 12 September’12 due to Coal gate concerns, has. however, rebounded by a sharp 19% thereafter. The Inter Ministerial Group though nearing phase I of scrutiny of 29 coal mines allotted to the private sector players, so far hasn't de-allocated coal mines of a company whose Engineering procurement and construction (EPC) or boiler turbine generator (BTG) contract has been awarded to BHEL. Though some customers of BHEL as GVK power and DB power have had to pay some penalty in terms of recommendation for deduction of bank guarantee by IMG however Chirag Muchhalla, analysts at Nirmal Bang observes that, this is unlikely to result in any delay or cancelation of order execution for BHEL. GVK Power as per recommendation of IMG will see deduction of bank guarantee for Seregarha coal block while DB power will see deduction for Durgapur II/Sariya coal block of DB Power. However the final recommendation will have to be given by Coal ministry after seeing IMG's recomendation . BHEL has 2x270MW BTG order from GVK Power linked to power project with Seregarha coal mine and 2x600MW BTG order from DB Power is linked to Durgapur II/Sariya coal block. Though deduction of bank guarantee does not pose the risk of coal block de-allocation, however CHIRAG adds that “even in a worst-case scenario if GVK and DB Power were to lose coal blocks in futur it would not impact BHEL”. more at: http://business-standard.com/india/news/for-bhel-coalgate-concerns-over-new-orders-inflowmargins-hold-key/187994/on

BHEL shoots up 7% on UBS report

Bharat Heavy Electricals (BHEL) rallied over 7% intraday on Friday as the foreign research firm UBS has put a buy rating on the stock with a target price of Rs 350, which is higher than its 52-week high of Rs 344 that touched on October 13, 2011. The report says, "While order inflow may remain subdued in the near-term, power reforms particularly the state electricity board package combined with tariff hikes, and clarity on fuel supply agreements will help change the outlook over the medium-term." At 14:57 hours IST, the share was trading at Rs 231.35, up 6.69% amid large volumes. more at: http://www.moneycontrol.com/news/buzzing-stocks/bhel-shoots7ubs-report_760377.html

BHEL order book swells to over Rs 1.35 lakh cr

BHELBSE 5.44 % today said its order book, to be executed this fiscal and beyond, has swelled to Rs 1,35,300 crore. "Orders worth Rs 22,096 crore have been booked. At the end of the year, total orders in hand for execution in 2012-13 and beyond, stand at about Rs 1,35,300 crore," CMD BHEL B P Rao said at the company's annual general meeting. Addressing shareholders, Rao said that BHEL recorded a 26 per cent surge in networth, which went up to Rs 25,373 crore from Rs 20,154 crore in the year before. "The prevailing economic and business headwinds are posing an immense challenge to sustain past growth rates in the near term. The company expects business sentiment to improve in the medium and long term," he said. ref: http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/engineering/bhel-order-book-swells-to-over-rs-1-35-lakh-cr/articleshow/16463260.cms

BHEL rallies on strong order book; rises 10% in two days

Shares of Bharat Heavy Electricals LtdBSE 5.44 % ended with gains of over 5 per cent in a muted market on Tuesday after the company said it has a strong order book for execution in the coming years, notwithstanding stagnation in the power sector and intense competition. "The state-run major also said the ongoing controversy over coal allocation for power plants would not have any impact on its operations," PTI reported. "In recent weeks, there have been reports that some of the projects, for which BHELBSE 5.44 % is supplying equipment, could be impacted by coal block allocation issues," said the report. "Projects currently being executed by BHEL have the required coal linkages and are progressing satisfactorily," the firm noted. BHEL closed 5.3 per cent higher at Rs 225. It has hit an intraday low of Rs 213.55 and a high of Rs 226. The stock has surged nearly 10 per cent in the last two trading sessions. more at: http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/bhel-rallies-on-strong-order-book-rises-10-in-two-days/articleshow/16449722.cms

BHEL celebrates Vishwakarma Jayanti with zeal, fervour

Vishwakarma Jayanti was celebrated on Monday at BHEL, Bhopal with traditional zeal and fervour. Along with the puja, tableaus were prepared in 20 different locations of various blocks based on ‘BHEL spreads light, with valuable products, high quality and delivery on time, these are the colours of BHEL’. Beside employees, the family members of the employees also took active participation in the puja. Executive Director, BHEL-Bhopal SS Gupta, GM (HR) Girish Shrivastava, president, BHECNIS, General Manager (EM) GD Verma, other GMs and members of the visited various tableaus in different blocks and simultaneously offered prayers. Gupta congratulating the employees on Vishwakarma Jayanti said that the slated production target needs to be achieved with same enthusiasm and excitement. more at: http://www.dailypioneer.com/state-editions/bhopal/95183-bhel-celebrates-vishwakarma-jayanti-with-zeal-fervour.html

Coal controversy fails to deter BHEL’s operations

Bharat Heavy Electricals (BHEL) on Sunday said that the ongoing controversy over coal allocation for power plants will not have any impact on the engineering major's operations. There have been reports that some of the projects, for which BHEL is supplying equipments, could be impacted by coal block allocation issues. "Projects currently being executed by BHEL have the required coal linkages and are progressing satisfactorily," BHEL said in a statement. The power equipment major emphasised that ongoing coal allocation controversy would "absolutely have no impact on the company's order book or its operations". BHEL has an order book position of around Rs 1,30,000 crore. more at: http://post.jagran.com/coal-controversy-fails-to-deter-bhels-operations-1347790911

BHEL, PowerGrid under lens of activist advisory firm

Activist advisory firm Stakeholders Empowerment Services (SES) has once again raised questions on the credibility of two public sector units (PSUs) for not complying with the corporate governance laws. The companies have not proposed the re-election of their Independent Directors. SES, in its latest report on BHEL and PowerGrid, said the companies are not compliant with listing agreement/Department of Public Enterprises guidelines and Companies Act provisions relating to appointment of directors. The Union Government being the promoter of the PSUs is allowed to nominate all directors on board. However, companies should propose for the re-election of the board under Section 255 of the Companies Act. more at: http://www.thehindubusinessline.com/companies/article3897746.ece?ref=wl_opinion

Hindi Day observed at BHEL

Hindi Day and Rajbhasa Month Felicitation ceremony was held at Cultural Hall BHEL, Bhopal on the occasion of Hindi Divas on Friday. M K Shakya general manager (I) BHEL, Bhopal, Professor Mohan Lal Chipa vice-chancellor Atal Bihari Bajpai Hindi University, Girish Shrivastava general manager (HR), all general managers, DROs, senior officials and other employees were present on this occasion. Shakya throwing light on the importance of mother language said that Hindi is the most empowered language. Excellency can be achieved in any sector with the use of the language. Alluding to foreign trips he said that in all the countries citizens are much close to their mother tongue and in some countries use of other languages is considered derogatory. Today Hindi is widely used in BHEL, Bhopal in both technical as well as non-technical areas. He urged the gathering present to ensure maximum participation in the use of Hindi in their daily work thereby promoting the language. more at: http://timesofindia.indiatimes.com/city/bhopal/Hindi-Day-observed-at-BHEL/articleshow/16400590.cms

Bhel to step up focus on EPC segment as power plants falter

Bharat Heavy Electricals (Bhel), with a view to protect its profitability, is planning to focus on providing total engineering solutions for power plants as new power projects are hardly coming up due to fuel availability concerns. "Given the current power sector scenario where not many projects are coming up mainly due to limited availability of fuel, we plan to focus on providing complete engineering solutions to our customers," Bhel Executive director (Tiruchirappalli unit) AV Krishnan told reporters here during a media tour. The equipment manufacturer had in 2001 inked a pact with state-run Engineers India (EIL) to cooperate in identified areas of business having synergy of operations and providing EPC (engineering, procurement and construction) services. "We had entered into a pact with EIL to provide engineering solutions as the power sector was not so lucrative then. But when the sector started looking attractive, we decided to focus on the core BTG (boiler, turbine and generator) business. However, given the current scenario, we need an insurance, which we expect to get from EPC services," he said. more at: http://economictimes.indiatimes.com/news/news-by-industry/energy/power/bhel-to-step-up-focus-on-epc-segment-as-power-plants-falter/articleshow/16368425.cms

Nomura: BHEL orders over Rs 53,000 cr may be cancelled

A casualty of the coal block allocation scam could be public sector equipment-maker Bharat Heavy Electricals Ltd (BHEL). According to global financial services group Nomura, BHEL may face cancellation of 28 per cent of its total order book. BHEL said it has an outstanding order book position of about Rs 1,32,900 crore at the end of first quarter 2012-13. Nomura says orders worth Rs 53,217.80 crore run the risk of cancellation. Of this, orders worth Rs 31,262.80 crore have already been classified as ‘slow’. The reasons cited by Nomura are: Either non-availability of coal linkage or cancellation of existing coal mine or linkage as a fallout of the allocation scam. However, those associated with BHEL say the company executes orders worth nearly Rs 50,000 crore annually. “Considering this, the order book is full for next 28-30 months.” DELAYS, DEFERMENT “While the status of coal mines allotted to BHEL remains uncertain, we highlight the potential risk to its order book from projects that were ordered on the back of these mine allocations,” Nomura analyst Amar Kedia told Business Line. Nomura has also indicated further risk to BHEL earnings in the current fiscal. The equipment maker could face delays in new order flows as well as order deferment. more at: http://www.thehindubusinessline.com/industry-and-economy/article3885976.ece?ref=wl_opinion

Coalgate impact: BHEL close to losing 30% of orderbook

As a repercussion of the Coalgate scandal engineering giant BHEL may be at the receiving end. Some analysts have raised concerns on the orderbook of BHEL and close to 30% of its orderbook is at a risk of cancellation which amounts to around Rs 53,000 crore Analysts have raised concerns on the company’s orderbook as some of the company’s private customers have been named by the CBI. According to trade experts says that a possible cancellation in orderbook will result in BHEL’s FY15 earnings to take a hit of 65%. They also add that it may lead to lower orders in FY13-14. BHEL: orderbook concerns -28-30% of orderbook at risk -Total orders at risk = Rs 53,217 crore ref: http://www.yourmoneysite.com/news/2012/sep/coalgate-impact-bhel-close-to-losing-30-of-orderbook.html

BHEL Signs MoU with Tajikistan for setting up a 100 MW Hydro-Electric Power Project

Bharat Heavy Electricals Limited (BHEL) has signed an agreement with the Ministry of Energy and Industry, Republic of Tajikistan to set up a 100 MW Hydro Electric Power Plant in Tajikistan. In the presence of H.E. Mr. Emomali Rahmon, President of Tajikistan and Dr. Farooq Abdullah, Hon’ble Union Minister for New and Renewable Energy, Govt. of India, the Memorandum of Understanding (MoU) was signed by H.E. Mr. Gul Sherali, the Minister of Energy and Industry, Republic of Tajikistan and BHEL. The 100 MW Hydro Electric Power Plant will be set up by BHEL on Zeravshan river in Tajikistan, and will help in harnessing Tajikistan’s hydro potential. BHEL will use its diverse experience in hydro power plants to offer the optimum techno-economic solution for the project. more at: http://www.orissadiary.com/Shownews.asp?id=36353

BHEL to recruit 5,000 people in next five years

BHEL planned to recruit 5,000 employees for posts ranging from artisans to plant engineers and management executives over the next five years, a senior company official has said. "Within the next five years, we will induct about 5,000 employees. However, this figure could change based on the business ambience prevailing in the country," BHEL (Corporate) Director-HR R Krishnan told PTI here. In the previous five years, BHEL had hired 15,000 personnel as it undertook a modernisation and expansion drive in three phases across its various plants in the country. As of now, the total headcount in the PSU was 49,300, including 10,500 in Haridwar, 10,400 here, 7,800 in Bhopal and 7,300 in Ramachandrapuram plant near Hyderabad, he said speaking on the sidelilnes of the 27th eye-donation day observed at the BHEL unit here on Saturday. ref: http://economictimes.indiatimes.com/news/news-by-industry/jobs/bhel-to-recruit-5000-people-in-next-five-years/articleshow/16334671.cms

Dependence on power sector may hit BHEL’s margins

Bharat Heavy Electricals has for the first time fallen behind L&T in order backlog. Also, the company's prospects of bagging any incremental orders from the power sector look bleak as some of the private companies now face the threat of cancellation of coal linkages, having been named in the coal-allocation scam. At Rs 1,34,681 crore, Bhel's order backlog at the end of FY12 was not only its lowest in the past two years, but also lower than that of L&T, which has reported an order book of Rs 1,45,723 crore as of March 2012 end. Policy paralysis is to be blamed for Bhel's current situation. The order-book gap has widened further for the quarter ended June 2012, with L&T reporting an order book of Rs 1,53,095 crore, its highest till date, compared to Bhel's order book of Rs 1,32,900 crore, which is lower than that in March 2012. more at: http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-analysis-/dependence-on-power-sector-may-hit-bhels-margins/articleshow/16332939.cms

Rising risks to Bhel’s earnings to hit valuations

Risks to Bharat Heavy Electricals Ltd’s (Bhel) earnings are only increasing. Earlier concerns about falling order inflows at the country’s largest power equipment maker have now given way to concerns on its existing orders. The recent controversy on coal fields could jeopardize its revenue and earnings growth, which is already on the decline. A section of analysts estimate that nearly one-fifth of its current order book of Rs. 1.39 lakh crore is linked to projects that may directly or indirectly be impacted by the controversy. A report by JPMorgan Chase and Co. says that Bhel has a 42% market share in the 12th Five-Year Plan’s coal-based projects, in terms of projects outlined by the Planning Commission for execution in the five years ending March 2017. Further, mere orders seem inconsequential given the current state of the power sector. Analysts estimate that between fiscal 2007 and 2012, about 135,000 megawatts (MW) worth of orders were placed, but only 53,000 MW were commissioned. With a huge exposure to the power sector, given its paucity of gas and coal linkages, analysts say existing projects are likely to be delayed or even cancelled. more at: http://www.livemint.com/2012/09/09220423/Rising-risks-to-Bhel8217s-e.html

BHEL may take 65% hit on earnings, say foreign brokerages

Foreign brokerages have turned the heat on state-owned engineering major Bharat Heavy Electricals Ltd (BHEL) over the coal block allocation scam, dubbed ‘Coalgate’. In their latest reports, Nomura and Macquarie have warned their clients BHEL might be in deep trouble due to a huge potential risk to its order book. Nomura has said 28 per cent of BHEL’s order backlog is at risk of cancellation due to either non-availability of coal linkage or cancellation of existing linkages due to the coal allocation scam. In the worst-scenario analysis, Macquarie said, BHEL’s earnings might decline 65 per cent by 2014-15 from the 2011-12 level, while its stock price could more than halve from the current level. Domestic brokerage Antique has also highlighted the downside risk on BHEL’s earnings and return on equity. BHEL’s stock, however, wasn’t impacted by the spate of negative reports on Friday, as the domestic markets rallied, tracking global peers, after the European Central Bank’s bond-buying commitment. ref: http://business-standard.com/india/news/bhel-may-take-65-hitearnings-say-foreign-brokerages/485761/

Some Bhel orders at risk due to coal-gate: Nomura

Nomura says about 28 per cent of Bharat Heavy Electricals Ltd's order book is at risk of cancellation or deferment due to either non-availability of coal linkage or cancellation of existing linkage, following the coal allocation scam, popularly dubbed coal-gate. Coal-gate is a short-hand reference to the CAG report published on August 17 that questioned the government's practice of awarding coal mining concessions to companies without competitive bidding, potentially costing the treasury billions of dollars in lost revenues. Nomura adds the coal allocation scam puts further risks to its FY13 earnings estimates for the company. In another report, Macquarie said: "BHEL is a value trap, stay clear", as in its worst-scenario analysis, BHEL's earnings can decline by 65 per cent in FY15 from FY12 levels and the stock could move closer to Rs. 100. Copyright: Thomson Reuters 2012 ref: http://profit.ndtv.com/news/corporates/article-some-bhel-orders-at-risk-due-to-coal-gate-nomura-310476

BHEL assures AP Genco of equipment supply for power plants

BHEL today assured Generation Corporation of Andhra Pradesh Ltd (AP Genco) of timely supply of turbines for 2,800 MW of expansion projects. Responding to the request of the Andhra Pradesh Government, the Chairman and Managing Director of BHEL, D. Prabhakar Rao, assured M. Sahoo, Principal Secretary, Government of Andhra Pradesh and AP Genco that they would ensure timely supply of equipment. BHEL has been chosen by AP Genco for supply of equipment such as boilers, turbines and generators. AP Genco is executing several projects in the State. These include Kakatiya thermal power of 600 MW with the planned date of commissioning December 2012, Krishnapatnam thermal power 2x800 MW with unit I in June next year and unit II in December next year and Rayalaseema thermal power station of 600 MW to be commissioned by August 2014. D. Prabhakar Rao, Joint Managing Director of AP Genco and BHEL Chairman, held discussions over the need for timely completion of these projects due to demand-supply mismatch in the State which worsened due to shortage of gas supply from KG Basin. With more than 1,20,000 cusecs of water flowing into Priyadarshini Jurala project from Karnataka, five units of 39 MW each have begun to generate power. ref: http://www.thehindubusinessline.com/companies/article3866877.ece

Why BHEL shares are down 8% in two days

Shares in BHEL traded at the bottom of the 50-share Nifty for a second straight day. The heavy equipment maker was the top loser on the Nifty on Wednesday too. Investment bank has Citi downgraded the stock to "sell" with a target of Rs. 200 citing lack of visibility in new orders. BHEL is struggling to see light at the end of the tunnel, Citi said in a report on the state-run firm today. Every incremental order would be a 'hard-fought battle' for BHEL, Citi added. The investment bank said that BHEL is getting structurally de-rated. The stock looks cheap but earnings per share will decline every year, it said. BHEL shares traded at less than 5-times earnings in their previous down cycles though at current market price the stock trades at 9-10-times FY'13 EPS, suggesting further downside in share prices. ref: http://profit.ndtv.com/news/market/article-why-bhel-shares-are-down-8-in-two-days-310396

Bhel in preliminary deal with Tajikistan for 100MW project

Bhel today said it has signed a preliminary agreement with Tajikistan for setting up a 100 MW hydro-electric power project. "Bhel has signed an agreement with the Ministry of Energy and Industry, Republic of Tajikistan to set up a 100 MW Hydro Electric Power Plant in the country," the company said in a statement. The plant will be set up by Bhel on the Zeravshan river in Tajikistan, and will help in harnessing the country's hydro potential, it said. Bhel will use its experience in hydro power plants to offer the optimum techno-economic solution for the project. In Tajikistan, Bhel has commissioned a hydro generator for Pamir-1 project in Khorog and is presently executing renovation, modernization and uprating of Varzob-1 hydro power project, the company statement said. Besides Tajikistan, Bhel has presence in the Central Asia in Azerbaijan, Belarus, Georgia, Kazakhstan and Ukraine. Bhel's operations are spread across 75 countries and include products such as power plants (thermal, gas and hydro), turbines, generators, sub-stations, transformers, motors, photo-voltaic equipment, oil-field equipment, etc. The cumulative overseas installed capacity of Bhel manufactured power plants exceeds 9,000 MW across 21 countries. Bhel is at present executing various power plant projects in as many as 20 countries to install about 5,000 MW of generating equipment. ref: http://www.moneycontrol.com/news/business/bhelpreliminary-dealtajikistan-for-100mw-project_753720.html

BHEL - AGM on Sep 19, 2012

Bharat Heavy Electricals Ltd has informed BSE that the 48th Annual General Meeting (AGM) of the Company will be held on September 19, 2012. ref: http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=591994

Ensure timely delivery to withstand competition, says BHEL officials

On their maiden visit to BHEL, Bhopal, RP Goyal, director DHI & CVO, BHEL and R Krishnan, director HR, BHEL, were accorded a warm reception at each and every shop floor across various manufacturing shops/blocks of BHEL.They were greeted warmly by all sections of employees. During the visit, Goyal was informed by the P&D division of BHEL’s journey from 1956 till date, various product lines and highlighting milestone achievements of all products being manufactured in BHEL. On this occasion officials of Tamil Sangam, Aga Club, Supervisor Sangh, Supervisor Association, Junior Executive Association, WIPS greeted Krishnan and recalled memories associated with him. Goyal speaking on this occasion said that in order to withstand competition from national and international companies, we have to ensure on time delivery, reduce rejection, rework and immediate delivery of customer problems. We have to strengthen our presence in areas like solar & defence. Alluding to Government’s plan to impose duty on power equipment he said that it will provide a level playing field to domestic manufacturers. more at: http://www.dailypioneer.com/state-editions/bhopal/91663-ensure-timely-delivery-to-withstand-competition-says-bhel-officials.html