Key Developments: Bharat Heavy Electricals Ltd (BHEL.BO)
201.35INR
17 May 2013
Rs7.75 (+4.00%)
Rs196.50
Rs193.55
Rs203.90
Rs191.50
723,876
407,800
Rs272.45
Rs174.50
Latest Key Developments (Source: Significant Developments)
Bharat Heavy Electricals Ltd Receives INR2,854 crore (INR28.54 billion) Contract From Bihar-Economic Times
Economic Times reported that Bharat Heavy Electricals Ltd said it has bagged a INR2,854 crore (INR28.54 billion) contract for setting up a 1,980 MW thermal power project in Bihar. Full Article
Bharat Heavy Electricals Ltd Declares Interim Dividend
Bharat Heavy Electricals Ltd announced that the Board of Directors of the Company at its meeting held on February 01, 2013, has declared and approved payment of Interim Dividend at 106% that is INR2.12 per equity share for the financial year 2012-2013. Interim Dividend shall be paid/ dispatched on February 15, 2013. Full Article
Bharat Heavy Electricals Ltd Fixes Record Date For Interim Dividend
Bharat Heavy Electricals Ltd announced that February 06, 2013, has been fixed as a Record Date for the purpose of Interim Dividend. Full Article
Bharat Heavy Electricals Ltd Receives INR7.3 Billion Order From Bhutan-Business Standard
Business Standard reported that Bharat Heavy Electricals Ltd has secured a contract for the electro-mechanical equipment package for a 720 Mw (4x170 Mw) Hydroelectric project in Bhutan. The order envisages manufacture, supply, erection and commissioning of the electro-mechanical equipment for the 720 Mw Mangdechhu Hydroelectric project. The value of the contract is INR5.94 billion plus Balance of Plant on cost plus basis, with which, the total contract value will be in the range of INR7.30 billion to INR7.50 billion. The project is being set-up under a bilateral agreement between the Government of India, and the Royal Government of Bhutan. For the present contract, four Pelton turbines and generators of 170 Mw each and associated equipment will be manufactured and supplied by BHEL’s Bhopal facility while the Control system will be manufactured and supplied by BHEL’s Electronic Division at Bangalore. Full Article
Bharat Heavy Electricals Ltd Executing INR3,395 Crore (INR33.95 billion) Order For Uttar Pradesh Vidyut Utpadan Nigam-The Economic Times
The Economic Times reported that Bharat Heavy Electricals Ltd is executing a INR3,395 crore (INR33.95 billion) order in Uttar Pradesh for UP Rajya Vidyut Utpadan Nigam. The scope of work for BHEL includes design, engineering, manufacture, supply, erection and commissioning of Boiler, Turbine and Generator Package along with associated auxiliaries, some balance of plant and civil works. Full Article
Bharat Heavy Electricals Ltd Enters Into Pact With Shell-Business Line
Business Line reported that Bharat Heavy Electricals Ltd November 06, 2012 said it has signed a five year enterprise framework agreement with Shell for the supply of gas turbine generator (GTG) packages to select Shell locations in Asia-Pacific, West Asia, Central Asia, Eastern Europe and Africa. The agreement covers supply of Frame-5 (26 MW), Frame-6B (42 MW) and Frame-9E (126 MW) GTG packages by BHEL for power generation application and includes installation and commissioning services. The Company did not divulge any financial details of the deal. Gas turbines and associated auxiliaries, required under the agreement, will be manufactured and supplied by BHEL’s Hyderabad facility and the control systems will be manufactured and supplied by BHEL’s Bangalore facility. Full Article
Bharat Heavy Electricals Ltd Announces Dividend Payment Date
Bharat Heavy Electricals Ltd announced that as informed by the Banker, Final Dividend 2011-12 declared by the Company in the AGM will be paid / dispatched by October 03, 2012. Full Article
Bharat Heavy Electricals Ltd Signs Preliminary Deal With Tajikistan For 100-MW Hydro-Electric Power Project-The Economic Times
The Economic Times reported that Bharat Heavy Electricals Ltd said it has signed a preliminary agreement with Tajikistan for setting up a 100 MW hydro-electric power project. Bharat Heavy Electricals Ltd has signed an agreement with the Ministry of Energy and Industry, Republic of Tajikistan to set up a 100 MW Hydro Electric Power Plant in the country. The plant will be set up by Bharat Heavy Electricals Ltd on the Zeravshan river in Tajikistan, and will help in harnessing the country's hydro potential. Full Article
Bharat Heavy Electricals Ltd To Set Up Another Manufacturing Unit In Maharashtra-Business Standard
Business Standard reported that Bharat Heavy Electricals Ltd has proposed setting up another manufacturing unit at Sakoli in Maharashtra. The land required for the plant is about 500 acres and the first phase investment for the project is estimated at INR522 crore (INR5.22 billion). Process of land acquisition has started and the production from the unit would commence in 24 months from the date of land acquisition. Full Article
ALSTOM India Ltd and Bharat Heavy Electricals Ltd To Supply Turbo-Generator Package For Rawatbhata Nuclear Plant
ALSTOM India Ltd announced that in consortium with Bharat Heavy Electricals Ltd (BHEL) has secured a contract from the Nuclear Power Corporation Of India Limited (NPCIL) to supply the turbine generator package for the Rajasthan Atomic Power Project (RAPP) units 7&8, located at rawatbhata in Rajasthan. ALSTOM and BHEL will supply, install and commission the turbine generator packages for the power station's two new 700 MW capacity units. ALSTOM's share in the consortium is around EUR100 million (that is INR7 billion). Full Article
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