Weekly Insight learns that the order book of the state-run power equipment major Bharat Heavy Electricals (BHEL) stood at Rs 1.14 lakh crore as at end December 2012, less than its order book of Rs 1.17 lakh crore at the end of 2008-09. The net profit of the firm declined 17.5 per cent to Rs 1,182 crore for the three months ended December 31, on the back of decline in
Tag: equipment
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ABG files SLP with SC against HC order
Against the earlier order of Calcutta High Court, ABG Ports has filed a special leave petition (SLP) with the Supreme Court (SC) seeking approval to remove its equipment out of Haldia Dock Complex (HDC) in Kolkata Port. Earlier, the Calcutta High Court ordered the firm not to take the equipment out of India, and also said that special officers, along with
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NGO seeks probe on revenue loss to Kolkata Port
A non-government organisation (NGO) has sought a commercial audit by the Comptroller and Auditor General of India to ascertain the revenue loss to the Kolkata Port from certain private contracts. According to the NGO the National Forum For PeopleÂ’s Rights, the award of a service contract by the Kolka
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Magma expects recovery in equipment finance in H2 of FY14
V Lakshmi Narasimhan, Chief Financial Officer of Magma Fincorp expects recovery in the commercial vehicle and equipment finance segments during the second half of 2013-14. The recovery would have tangible impact on commercial vehicle and equipment finance segments. Owin
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KoPT demands import duty from HBT
ABG Haldia Bulk Terminals (HBT) is said to have received a notice from the customs department of the Kolkata Port Trust (KoPT) demanding import duty on equipments. It is learnt that equipment of Rs 75-80 crore was imported without paying duty for operations at berth num
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Road construction sector on the path of recovery
Industry players feel that the road construction sector is on the path to recovery with the government announcing new norms for road development. It is learnt that the improvement in the project award and execution has caused a sudden surge in demand for construction machinery, building material machines, mining machines and construction
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BHEL to supply gas turbine generators
In an official statement, Bharat Heavy Electricals (BHEL) said it would supply gas turbine generator (GTG) and associated auxiliaries to
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Orissa clears Rs 70 cr logistics park project
Orissa’s State level single window clearance authority has approved the setting up of a logistics park at Kalinga Nagar steel hub proposed by Container Corporation of India (CONCOR).The logistics park would come up on an area of 30 acres in the industrial cluster at an investment of Rs 70 crore.
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BHEL bags ONGC order
BHEL has secured Rs 774 crore contract from ONGC to supply onshore drilling rigs. The order envisages supply of six onshore drilling rigs with AC drives.The equipment will be manufactured by BHEL’s Hyderabad plant, while the electrics will be manufactured by the company’s Bhopal plant.
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Well-equipped
Wärtsilä India has conferred the Ninth Wärtsilä Mantosh Sondhi Award on B Prasada Rao, Chairman and Managing Director, Bharat Heavy Electricals Ltd (BHEL) for his outstanding contribution to the energy sector in India. Björn Rosengren, President and CEO, Wärtsilä Corporation, gave away this award.