BHEL

BHEL shares tank 8% post disappointing earnings

BHEL shares tank 8% post disappointing earningsMumbai: Shares of state-run BHEL fell sharply by 8 percent in morning trade after the company's June quarter earnings came in below market expectations.

BHEL's stock slumped 7.73 percent to Rs 206.40 on the BSE.

At the NSE, the scrip tumbled 8 percent to Rs 206.20.

The stock was the worst performer among the blue-chips on both Sensex and Nifty during the early trade.

"BHEL's numbers were significantly below expectations," said Sanjeev Zarbade, Vice President- Private Client Group Research, Kotak Securities.

BHEL bags Rs.3,000 crore order from NTPC

BHEL bags Rs.3,000 crore order from NTPCNew Delhi, March 24 : State-run engineering company Bharat Heavy Electricals Ltd (BHEL) Monday announced it has won an order worth Rs. 3,000 crore for supply of steam generators for an upcoming power project in Odisha.

"In the face of stiff international competition, engineering major BHEL has won a prestigious order for the supply of 2x800 MW steam generators (boilers) with supercritical parameters for an upcoming power project in Odisha," the company said in a statement here.

Six public companies team up to set up world’s largest solar plant

Six public companies team up to set up world’s largest solar plantSix public companies on Wednesday signed a memorandum of understanding (MOU) for setting up the world's largest single-location solar power project in Rajasthan.

The joint venture project will be led by state-run BHEL. The remaining five participants are: Solar Energy Corporation of India (SECI), Sambhar Salt Ltd (SSL), Power Grid, Satluj Jal Vidyut Nigam (SJVNL) and Rajasthan Electronics & Instruments Ltd (REIL).

Ministries asked to consider various alternatives to disinvestment in Bhel, CIL

Ministries asked to consider various alternatives to disinvestment in Bhel, CILGovernment-run Bharat Heavy Electricals Ltd (Bhel) and Coal India Ltd (CIL) have been asked to consider various options for raising proceeds and alternatives to disinvestment, Union Finance Minister P Chidambaram revealed on Tuesday.

Mr. Chidambaram explained that the nodal ministries of Bhel and CIL were asked to consider options for selling stakes as market conditions were not favourable for disinvestment.

BHEL Q2 net profit dips 64 percent

BHEL Q2 net profit dips 64 percentNew Delhi, Nov 6 : State-run Bharat Heavy Electricals Ltd (BHEL) Wednesday declared a 64.2 percent fall in net profits for the quarter ended September 2013 on the back of lower revenues.

"The Company has posted a net profit of Rs. 4,559.50 million for the quarter ended September 30,2013 whereas the same was at Rs. 12,744.50 million for the quarter ended September 30, 2012," BHEL said in a filing to the Bombay Stock exchange.

BHEL share crashes 20 percent on poor earnings

BHEL share crashes 20 percent on poor earningsMumbai, Aug 5 : The share price of government-run Bharat Heavy Electricals Ltd (BHEL) crashed nearly 20 percent Monday after the company posted 49 percent drop in quarterly profit due to lower sales.

The company's market value was eroded by nearly Rs. 7,000 crore as a result of the single-day drop in the scrip price.

The state-run power equipment maker closed 19.08 percent down at Rs. 120.90 after slumping to a low of Rs. 120.05 in the intra-day.

The company's market capitalisation has declined by Rs. 6,976 crore to Rs. 29,591 crore.

BHEL bags Rs.4,051 crore Odisha project

BHELBhubaneswar, April 27 : State run-Bharat Heavy Electricals Limited (BHEL) Saturday bagged a Rs. 4,051 crore power project contract from Odisha Power Generation Corporation Ltd. (OPGC), an official said here.

The contract awarded to the power plant equipment manufacturer, include erection of the third and the fourth unit of (2x660 megawatt) coal fired power plant of the OPGC in Odisha.

The contract awarded is worth Rs. 4,051 crore which comprises of supply of the main plant (boiler, turbine and generator) at an all inclusive firm price of Rs. 3,748.94 crore and erection of the said main plant at Rs. 302.06 crore.

BHEL, NTPC to float 100 MW power joint venture

BHEL-NTPC-LogoChennai, April 9 : Two of India's power sector majors -- equipment-maker BHEL and power-generator NTPC -- are together to set up a 100 MW power plant based on Integrated Gasification Combined Cycle (IGCC) technology.

"Talks between the two companies have progressed. Discussions have been held on parameters and the plant design is already available with us," A. V. Krishnan, executive director, BHEL (Boiler Division) told IANS over the phone from Tiruchirapalli.

According to Krishnan, the investment for the project will be around Rs. 700 crore.

BHEL’s dues from power companies hit record high of Rs.40k crore

BHEL’s dues from power companies hit record high of Rs.40k croreGovernment-run heavy equipment maker Bharat Heavy Electricals Ltd (BHEL) has confirmed that its dues from power companies have hit a record high of Rs 40,000 crore.

BHEL is bearing the brunt of solvency of the power sector, which has been suffering due to persistent bottlenecks in various areas, such as land acquisition, financial health of state electricity boards, and absorption of additional costs by end-users.

BHEL net profit falls 8% to Rs 6,485 crore

BHEL net profit falls 8% to Rs 6,485 croreIndia's biggest maker of power-plant equipment, Bharat Heavy Electricals Ltd. (BHEL) has reported a fall of 8 per cent in net profit to Rs. 6,485 crore for the financial year 2012-2013.

BHEL aims to reach turnover of Rs 1 lakh crore by 2016-17

BHELState-owned power equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) has said that the recently-granted Maharatna status would help it realise its long-term objectives and reach a turnover of Rs 1 lakh crore by FY2016-17.

In the year 2012, BHEL had reported a turnover of Rs 49,510 crore and net profit of Rs 7,040 crore.

BHEL said that it would now be capable to pursue bigger growth opportunities in diverse areas, including transportation, renewable resources and transmission.

BHEL and GAIL get Maharatna status

BHEL and GAIL get Maharatna statusThe Government on Friday conferred Maharatna status to BHEL and GAIL, in a move that will ensure greater financial as well as functional autonomy for the two public-sector companies.

While a Navratna firm can take investment decisions of up to Rs 1,000 crore on its own, the limit for a Maharatna firm is Rs 5,000 crore. In other words, a Maharatna firm can take investment decisions of up to Rs 5,000 crore without going to the government.

O P Rawat, secretary in the Department of Public Enterprises, said,

BHEL reports 17 fall in net profit

BHEL reports 17 fall in net profitIndia's biggest maker of power-plant equipment, Bharat Heavy Electricals Ltd. (BHEL) has reported worse than expected 17 per cent fall in net profit during the third quarter of the financial year.

The company saw its profit fall faster than anticipated as more customers delayed their orders during the quarter. The net income of BHEL has fallen to the level of 11.8 billion rupees or about $221 million during the third quarter of the financial year from October to December, 2012 compared to 14.3 billion rupees recorded in the third quarter of the previous financial year.

BHEL to be categorised as Maharatna

BHEL to be categorised as MaharatnaChennai, Jan 17 : Asian power equipment major Bharat Heavy Electricals Ltd (BHEL) will be accorded Maharatna status with the Committee of Secretaries clearing the proposal, Heavy Industries Minister Praful Patel Wednesday.

Addressing employees of BHEL's boiler plant at Tiruchirapalli, Patel said that BHEL was amongst the finest companies, not only in India but in the world. A company statement quoted the minister as saying that BHEL's 49,000 strong technical, educated and committed workforce hailing from all parts of the country was one of the biggest assets the nation could have.

PC Jeweller Debuts at Small Premium; Indian Market Remains Flat

PC Jeweller Debuts at Small Premium; Indian Market Remains FlatPC Jeweller stock debuted the stock exchanges today with a premium of Rs 5 for retail investors. The company raised Rs 600 crore with public issue at a price of Rs 135 per share. Retail investors were given discount of Rs 5 per share.

The stock managed to rise during the afternoon session and touched intraday high of Rs 154.70 till 2.30 pm IST.

CARE received very good response in the secondary markets.

PSUs asked to use or lose their surplus cash

PSUs asked to use or lose their surplus cashThe government has declared that central public sector units (PSUs) will either have to invest the surplus funds they have or just lose it.

Currently, as many as twenty-five PSUs, including ONGC, GAIL, NTPC, BHEL and SAIL, have surplus cash worth Rs around 2.5 lakh crore. But PSUs are reluctant to make investments as they perceive numerous hurdles to investment plus they don't see the current economic situation very propitious or conducive.

UP Chief Minister asks BHEL to complete Anpara-D by June next year

UP Chief Minister asks BHEL to complete Anpara-D by June next yearConcerned over the rising costs of the Anpara-D project, Uttar Pradesh Chief Minister Akhilesh Yadav has asked government-run Bharat Heavy Electricals Ltd (BHEL) to complete and commission the project by June 2013.

The government of Utter Pradesh had signed the contract for the project with BHEL in 2006, but the company has so far made only one unit of the project operational.

BHEL shares fall on lower-than-expected Q2 results

BHEL shares fall on lower-than-expected Q2 resultsShare in Bharat Heavy Electricals (BHEL) shed more than 6 per cent after the company reported lower-than-expected net profit for the quarter ended September 30.

BHEL reported a decline of 9.7 per cent in net profit to Rs 1,274.4 crore for the second quarter of current fiscal year. In the corresponding period of previous year, the capital goods manufacturer had reported a net profit of Rs 1,412 crore.

PM directs officials to address PSU concerns

PM directs officials to address PSU concernsIndian Prime Minister Manmohan Singh has directed central government officials to take steps to address concerns expressed by public sector companies in implementing their plans.

Indian Stock Market Remains Marginally Higher During Afternoon Trade

Indian Stock Market Remains Marginally Higher During Afternoon TradeIndian Stock Market opened positive on Tuesday and has stayed in positive territory for most part of the trading session except for a decline at 2 pm IST. All the Asian markets closed in positive zone. Hang Seng was up by 294 points. The European markets have opened positive.

Heavyweight counters in Indian market including Reliance, ITC and BHEL dragged the indices down. Reliance was down by 0.4% after touching intraday high of Rs 742. ITC was trading at 246.5, down by 1.4%. TCS was down by nearly two per cent.




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