BHEL has bagged a contract worth Rs 7,900 crore related to 1,980 MW thermal power project in Jharkhand. The contract, won through international competitive bidding, is for NTPC´s 1,980 MW North Karanpura super thermal power project. The plant will have three units, each having a generation capacity of 660 MW. The work involves design, engineering, manufacture, supply, construction, erection, testing and commissioning for the EPC package. The key equipment for the contract will be manufactured at
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CPSUs the cash machines
As the government prepares to divest PSUs and raise Rs 54,000 crore, it will simultaneously urge PSUs to invest in infrastructure projects. While this is a smart move to reinvigorate the stranded sector, the irony of public sector investment in private side of equity is not lost. While they stare at a disappointing year for PSUs on the stock exchanges, what has galvanised many of these mammoth organisations that have transformed these custodians of public money into vibrant, corporate and profit
Domino effects of stuck cash
NPAs are at best symptomatic of a deeper problem among infrastructure projects in particular, among those on public-private partnership (PPP).
Rajasthan to have worlds largest solar plant
Worlds largest solar plant has been planned in Rajasthan to generate 4,000 MW near the Sambhar lake. The solar plants first phase is estimated to be completed by 2016. It is planned to sell electricity from the solar plant at Rs 5.50 per unit. According to a government statement, the proposed solar projects capacity is about three times Indias total solar power capacity.
BHEL to execute govt power projects overseas
Bharat Heavy Electricals (BHEL) will be entrusted with the task of executing all overseas power projects financed by the Union Government. In addition to that the Union Heavy Industries Ministry will high preference to BHEL while procuring spares and services for its foreign power projects.
BHEL thermal power units in Buryatia
Bharat Heavy Electricals (BHEL) is looking to build two thermal power plant units in the Russian internal republic of Buryatia. Executives from BHEL recently met representatives of the Buryatia government to negotiate over the
Karaikal Port handles BHEL’s exports
Karaikal Port, which is a new-generation green field port in Tamil Nadu, handles sensitive cargo of the state-run Bharat Heavy Electricals (BHEL), Tiruchi. The port first handled BHELÂ’s shipment of boiler components for two 135-mw Circulating Fluidised Bed Combustion boilers to New Caledonia, a French colony near Australia, in January 2010. BHEL despatched 14,000 tonn
BHEL arm to foray into allied operations
State-run power equipment maker Bharat Heavy Electricals (BHEL) plans to diversify the operation of ISG into allied areas of business like iron ore beneficiation, pellet plants, sinter plants and coal washeries. Industrial Systems Group (ISG), which is an arm of BHEL, posted a profit of Rs 161 crore in 2012-13, which is 7 per cent more than the previous year. The turnover is also
Listed CPSUs suffer value erosion
While the listed CPSUs showed a dismal growth performance during April-December 2012, their net profit contracted just over seven per cent during the period.
BHEL agrees to set up MEMU manufacturing unit
Bharat Heavy Electricals (BHEL) signed a Memorandum of Understanding (MoU) with the Indian Railways to set up a Greenfield MEMU coaches manufacturing facility at Bhilwara in Rajasthan. Indian Railways introduced Main Line Electric Multiple Unit Trains, popularly known as MEMU trains, in the Year 1994-95, as a mode of rapid transit system, to cate