Tag: Bharat Heavy Electricals Ltd

BHEL commissions first unit of Pulichintala HEP in Telangana

BHEL commissions first unit of Pulichintala HEP in Telangana

01/12/2016 17:23

State-run Bharat Heavy Electricals Ltd (BHEL) on Thursday said it has successfully commissioned the first unit of the 4×30 MW Pulichintala Hydroelectric project (HEP) in the state of Telangana.

The greenfield project is being set up by TSGENCO in Guntur district of Telangana on the river Krishna, the company said in a filing to the Bombay Stock Exchange on December 01, 2016.

The scope of work includes design, manufacture, supply, supervision of erection, testing and commissioning of Electrical & Mechanical (E&M) package comprising four sets of 30 MW vertical Kaplan Turbine & Generator along with associated auxiliaries, it added.

Moreover, the equipment has been manufactured at the company’s plants at Bhopal, Jhansi, Rudrapur & Bengaluru, while supervision of erection & commissioning of the project has been carried out by it’s power sector – southern region construction division, it said.

The company further said that, it has secured orders for more than 500 Hydroelectric generating sets of various ratings till date, with a cumulative capacity of more than 29,000 MW, out of which, equipment for about 5,700 MW generating capacity has been contracted outside India.

Meanwhile, shares of the company closed at Rs 128.80 apiece, down 1.19 per cent, from previous close on BSE.

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BHEL posts Rs 109 cr net profit in Sept-qtr

BHEL posts Rs 109 cr net profit in Sept-qtr

08/11/2016 17:35

State-run power equipment maker Bharat Heavy Electricals Ltd on Tuesday reported a significant growth in its standalone net profit after taxes (PAT) at Rs 109 crore for the second quarter ended September 30, 2016.

“The standalone net loss of the company stood at Rs 180.78 crore during the same period a year ago,” said Bharat Heavy Electricals Ltd in a filing to the Bombay Stock Exchange on November 08, 2016.

It’s standalone total income increased by 8.6 per cent to Rs 6,860.53 crore during Q2 2016-17, as compared to Rs 6,314.56 crore during the same period last year.

The company said that it had an outstanding order book position of Rs 1,03,300 crore at the end of September quarter.

Commenting on the performance, BHEL, Chairman and MD, Atul Sobti said, “Strategic initiatives put in place by the new management have begun yielding results and the company is well on its way to get back on the growth trajectory.”

Meanwhile, shares of the company closed at Rs 143.15 apiece, up 2.87 per cent, from previous close on BSE.

BHEL commissions 250 MW eco-friendly lignite plant in Gujarat

BHEL commissions 250 MW eco-friendly lignite plant in Gujarat

15/07/2016 13:55

State-run Bharat Heavy Electricals Ltd (BHEL) on Friday said that it has successfully commissioned another 250 MW unit based on eco-friendly Circulating Fluidized Bed Combustion (CFBC) technology, using low quality coal (lignite) as the primary fuel.

“BHEL commissions 250 MW eco-friendly CFBC technology-based lignite power plant in Gujarat,” the company said in a filing to the Bombay Stock Exchange on July 15, 2016.

The eco-friendly lignite plant has been commissioned at Bhavnagar Energy Company Limited (BECL)’s 2×250 MW thermal power project, located at Padva village in Bhavnagar District of Gujarat.

The company said that the project is equipped with CFBC technology that enables use of low quality lignite as fuel.

Further, the second unit of this project is also in an advanced stage of completion, it added.

Meanwhile, shares of the company were trading at Rs 143.55 apiece, down 0.66 per cent, from previous close on BSE at 13:58 hours.

Markets remain weak; Tata Motors, Bharti Airtel shares dip

10/06/2016 10:27

The key domestic benchmark indices were trading in a negative terrain during the morning trading session on Friday tracking sluggish cues from global peers as traders shifted their focus to safe-haven assets amid lingering concerns about UK referendum and US Fed decision.

The markets are expected to remain cautious ahead of the industrial output data for April 2016 scheduled to release today which may offer further cues over the health of the country’s economy. In March 2016, India’s industrial output climbed a miniscule 0.1 per cent, year on year.

At 10:25 AM, the Bombay Stock Exchange bellwether Sensex was at 26730.3 down by 33.16 points or by 0.12 per cent, while the NSE Nifty was at 8198.55 points, trading lower by 5.05 points or by 0.06 per cent.

The BSE Sensex touched an intraday high of 26757.17 and an intraday low of 26683.08 while the NSE Nifty touched an intraday high of 8205.3 and an intraday low of 8179.05.

The top gainers of the BSE Sensex pack were Bharat Heavy Electricals Ltd. (Rs. 125.60,+3.63 per cent), Lupin Ltd. (Rs. 1445.20,+1.21 per cent), NTPC Ltd. (Rs. 152.15,+1.16 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 204.05,+0.99 per cent), Cipla Ltd. (Rs. 484.00,+0.85 per cent), among others.

Meanwhile, Tata Motors Ltd. (Rs. 462.70,-0.86 per cent), Bharti Airtel Ltd. (Rs. 348.55,-0.67 per cent), ITC Ltd. (Rs. 352.00,-0.66 per cent), Infosys Ltd. (Rs. 1179.15,-0.53 per cent), Housing Development Finance Corporation Ltd. (Rs. 1231.95,-0.52 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 1983 shares traded, 1278 shares advanced, 607 shares declined while 98 were unchanged.

On the global front, Asian stocks were trading lower today as investors sought protection in safe-haven assets amid growing concerns over the 23rd June referendum that could see Britain exit the European Union. US stocks closed lower yesterday after three days of gains as crude oil futures pulled back from 10-month highs.