Bhel cuts power equipment prices to fight slump

Bharat Heavy Electricals Ltd (Bhel), India’s largest maker of power equipment, cut prices by at least 15% in the past year to stem a slide in orders that threatens to send profit lower for a second straight year. “Electricity producers are scaling back investment because of a shortage of fuel, hurting manufacturers of equipment such as boilers, turbines and generators,” said P.K. Bajpai, finance director at the state-owned company. “Pending projects aren’t yielding orders as Asia’s third-largest economy expands at the slowest pace in a decade, according to Bajpai.” “We are trying to bid as aggressively as possible, but there’s overcapacity in the market,” Bajpai said in an interview. “We’ve corrected our prices in line with the market. We can only wait for things to improve as they will take time to get sorted.” more at: http://www.livemint.com/Companies/X53H00EPRWUWmjIkJDXMwN/Bhel-cuts-power-equipment-prices-to-fight-slump.html

BHEL bags 2 contracts from NTPC for setting up solar plants

BHELBSE 2.23 % said it has bagged two contracts worth Rs 132 crore from NTPCBSE 0.14 % for executing two solar power projects at Unchahar in Uttar Pradesh and Talcher in Odisha. "BHEL has won turnkey contracts for setting up two eco-friendly Grid-Connected Solar Power Plants of 10 MW capacity each at Unchahar in Uttar Pradesh and Talcher in Odisha," the company said in a statement. Valued at Rs 132 Crore, the orders have been placed by NTPC for setting up the Solar PhotoVoltaic (SPV) power plants, each of 10 MW capacity. BHEL's scope of the work in the order envisages design, manufacture, supply, installation and operation, besides maintenance of the solar power plants for one year. ref : http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/engineering/bhel-bags-2-contracts-from-ntpc-for-setting-up-solar-plants/articleshow/21268887.cms

BHEL dispatches last motor of KBL

LEM division, BHEL, Bhopal, dispatched 11th and final motor manufactured for KBL, Mundra project run by Tata Power Limited, recently. The CPWU motor of rating 11kV5200kW is the largest motor of this design, a BHEL release said on Monday. Tata Power-controlled Mundra project is one of the prestigious power projects. Equipment made by the state-owned PSU has been functioning smoothly, the release added. more at: http://timesofindia.indiatimes.com/city/bhopal/BHEL-dispatches-last-motor-of-KBL/articleshow/21260359.cms

BHEL to announce Q1 results on August 3

Bharat Heavy Electricals (BHEL), an integrated power plant equipment manufacturer, said the board of directors will meet on Aug. 03, 2013 to consider and adopt the unaudited financial results of the company for the first quarter ended on June 30, 2013. During the previous quarter, the company has reported a rise of 20.79% in net profit to Rs 33.79 billion. Net sales went up 7.51% to Rs 192.59 billion. Shares of the company declined Rs 7.7, or 4.43%, to trade at Rs 166.05. The total volume of shares traded was 739,321 at the BSE (11.53 a.m., Monday). more at: http://www.myiris.com/newsCentre/storyShow.php?fileR=20130722115735715&dir=2013/07/22

BHEL order book to improve, but not its stock: AnandRathi

Shares of Bharat Heavy Electricals have fallen nearly 13 percent in the last two trading session, wiping-off over Rs 6,000 crore from its market value, amid investor concerns over the sluggish pace of new orders. Speaking to CNBC-TV18, Amol Rao analyst at Anand Rathi says the company currently is encountering headwinds on two accounts: 1) the interest rate gyrations occurring in the economy and 2) the fact that BHEL is always considered a proxy to national capex. He believes that BHEL still stands a very good chance of wining a significant portion of available power projects. However, Rao expects BHEL stock to remain under pressure despite order wins. more at: http://www.moneycontrol.com/news/business/bhel-order-book-to-improvenot-its-stock-anandrathi-_922317.html

Bhel scrip tanks 9 per cent; top loser on Sensex, Nifty

Shares of Bharat Heavy Electricals LtdBSE -8.02 % today fell sharply by 9 per cent, wiping-off Rs 3,708 crore from its market value, amid investor concerns over the sluggish pace of new orders. At the NSE, the scrip ended 9.02 per cent lower at Rs 172.40. After plunging nearly 9 per cent in intra-day trade, the scrip finally ended at Rs 173.75, down 8.02 per cent from its previous close on the BSE. Following the dip in the stock price, the market value of the company tanked by Rs 3,708 crore to Rs 42,527 crore more at: http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/bhel-scrip-tanks-9-per-cent-top-loser-on-sensex-nifty/articleshow/21166039.cms

Bhel scrip tanks 9 per cent; top loser on Sensex, Nifty

Shares of Bharat Heavy Electricals LtdBSE -8.02 % today fell sharply by 9 per cent, wiping-off Rs 3,708 crore from its market value, amid investor concerns over the sluggish pace of new orders. At the NSE, the scrip ended 9.02 per cent lower at Rs 172.40. After plunging nearly 9 per cent in intra-day trade, the scrip finally ended at Rs 173.75, down 8.02 per cent from its previous close on the BSE. Following the dip in the stock price, the market value of the company tanked by Rs 3,708 crore to Rs 42,527 crore more at: http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/bhel-scrip-tanks-9-per-cent-top-loser-on-sensex-nifty/articleshow/21166039.cms

Challenges in transport of heavy consignments discussed in BHEL

A one-day workshop on movement of overweight and over dimensional consignments was held on Wednesday at BHEL, Bhopal in association with Indian National Group of International Association for Bridge and Structural Engineering, Zurich (IABSE). V L Patankar, ADG, ministry of road transport and highways and chairman IABSE was present as the chief guest. S R Prasad, executive director, BHEL, Bhopal, was present as the guest of honour. The workshop was attended by senior officers of PWD-MP NHAI, MPRDC, general managers and officers of BHEL. more at: http://timesofindia.indiatimes.com/city/bhopal/Challenges-in-transport-of-heavy-consignments-discussed-in-BHEL/articleshow/21131912.cms

BHEL plant getting ready for PM visit

The Chairman and Managing Director of BHEL, B.Prasada Rao, visited the Thirumayam plant on Monday to review arrangements for Prime Minister Manmohan Singh's visit early next month for the formal inauguration of the unit. Accompanied by the Executive Director of BHEL Tiruchi A.V.Krishnan and other senior officials, Mr. Prasada Rao inspected the conveniences being created for the Prime Minister's visit. A location in the vicinity of the industry has been identified for the construction of a helipad, according to police sources. Officials said the Prime Minister would inaugurate the plant in the presence of the Minister for Heavy Industries Praful Patel, the Union Finance Minister P.Chidambaram, and other dignitaries. Mr.Chidambaram was instrumental in getting the industry started in Thirumayam. He laid the foundation stone in 2009. Trial production at the unit commenced early last year. more at: http://www.thehindu.com/news/cities/Tiruchirapalli/bhel-plant-getting-ready-for-pm-visit/article4920357.ece

BHEL’s Industrial Systems Group provides vending carts to poor

BHEL’s Industrial Systems Group (ISG), Bangalore, as part of its Corporate Social Responsibility (CSR) activity has provided vending carts to the economically poor and wheelchairs to physically challenged persons. At a function organised jointly by BHEL and the programme implementing NGO, Dr B. R. Ambedkar Kreeda Club, Nagavara, Bangalore, Atul Sobti, ED ISG presented vending carts and wheelchairs to the beneficiaries. Also, BHEL has contributed Rs 2 crore to the Chief Minister’s Relief Fund to help victims in the flood-ravaged areas of Uttarakhand. BHEL employees have also contributed over Rs 6.50 crore. anil.u@thehindu.co.in (This article was published on July 10, 2013) more at: http://www.thehindubusinessline.com/companies/bhels-industrial-systems-group-provides-vending-carts-to-poor/article4901279.ece

Downturn hits BHEL vendors

Around the same time last year, ancillary units of BHEL were struggling to meet deadline for delivering output because of power scarcity. A number of units among the over 400 ancillary industries had to depend on diesel generators to keep the operations running even if it meant a substantial rise in input costs. Now, the power availability does not mean much to the industries owing to depleted orders, the industries are facing capacity under-utilisation. Around 60 units have already been on the brink of closure. Nearly 150 industries that were started in the last couple of years and those among established ones that had ramped up capacity in anticipation of higher orders are the most affected. Repayment of bank loans has hit them hard, according to Rajappa Rajkumar, Vice-President, Tamil Nadu Small and Tiny Industries Association. Around 2,000 industrial workers had been rendered jobless, and the trend of workers shifting base to other parts of the State was perceptible, he said. more at: http://www.thehindu.com/news/cities/Tiruchirapalli/downturn-hits-bhel-vendors/article4901282.ece

BHEL business strategic plan meet held

A three day "business, strategic plan meet - 2013" of BHEL Bhopal concluded recently at Goa, under the chairmanship of ShashiRanjan Prasad, executive director, BHEL, Bhopal. On this occasion discussions were held on the present economic scenario, business strategy and future policies of the company wherein general managers of various divisions made presentations on the subject. Prasad in his address said that in recent times, business environment is very complex and challenging. The main crux is to maintain profitability as well as delivering quality product within the earmarked deadline. Expressing satisfaction over the improved manufacturing and delivery schedule of equipments dispatched for the sites, he said that the next significant factor is to maintain the productivity level in line with quality. ref: http://timesofindia.indiatimes.com/city/bhopal/BHEL-business-strategic-plan-meet-held/articleshow/20992205.cms

BHEL commissions cooling water pump motors

BHEL, Bhopal has successfully commissioned 4370 KW circulating cooling water pump motors for M/s Kirloskar Brothers Ltd Pune. At a simple function held at electrical machines shop recently, documents were formally handed over to RavindraUlangwar, associate vice-president-KBL (business and sector head-power) and Lokesh Kumar SHO-NPCIL in the presence of BHEL, Bhopal executive director S R Prasad. The motors are to be dispatched to M/s Bhartiya Nabhikiyan Vidyut Nigam Limited (Bhavini) for setting up of prestigious 1X500 MW prototype fast breeder reactor (PFBR) at Kalpakkam in Tamil Nadu, according to an official release. ref: http://articles.timesofindia.indiatimes.com/2013-07-04/bhopal/40370547_1_bhel-commissions-sea-water-motors

Alstom concludes contract with BHEL for 2x660 MW Suratgarh power plant

AlstomBSE -1.31 % has been awarded a contract by BHELBSE -2.99 % to supply components and services for the 2x660 MW Suratgarh Super Thermal Power Project (STPP), located in Suratgarh, Rajasthan, India. This contract is worth approximately Rs 206 crore. Under the scope of the contract, Alstom will co-operate with BHEL in designing the boilers and supply identified pressure parts of the 660 MW supercritical boilers, along with windboxes. It will also assist BHEL with technical advisors during the erection and commissioning of the units. Key components will be manufactured in Alstom's manufacturing facilities in Concordia ( USA), as well as in Durgapur (India). The units I & II are expected to be commissioned by 2016. more at: http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/engineering/alstom-concludes-contract-with-bhel-for-2x660-mw-suratgarh-power-plant/articleshow/20894365.cms

Production pledge administered to BHEL employees

Executive director, BHEL (Bhopal) Shashi Ranjan Prasad administered the 'production pledge' to all general managers (GMs) and senior executives here on Monday. Thereafter, general managers (GMs) and HOD's administered the oath to all employees at various manufacturing blocks. Prasad on this occasion requested the employees to work with full commitment and dedication, keeping BHEL's Vision, mission and value in mind in all of their endeavours. "BHEL, Bhopal is committed to achieving business excellence and every employee is contributing effectively to achieve the objective. Delivery schedule should not only be the area of prime focus but subsequent need is to focus on the erection and commissioning work at sites," said ED Prasad. more at: http://timesofindia.indiatimes.com/city/bhopal/Production-pledge-administered-to-BHEL-employees/articleshow/20864844.cms