No plans to divest in BHEL, says minister

August 31st, 2009 HYDERABAD - Prime Minister Manmohan Singh will Sep 6 lay the foundation stone for the Rs.60 billion (Rs.6,000 crore) mega project to manufacture power plant equipment in Andhra Pradesh's Chittoor district. NTPC-BHEL Power Projects Private Limited (NBPPL), a joint venture between National Thermal Power Corporation Limited (NTPC) and Bharat Heavy Electricals Ltd (BHEL), is setting up the project at Mannavarm village near the temple town of Srikalahasti.

August 15th, 2009 TIRUCHIRAPALLI - Power equipment major Bharat Heavy Electricals Ltd (BHEL) will invest Rs.485 crore ($100 million) to expand its boiler division, a senior official said here Saturday. "The expansion will be completed by 2011 and the division's capacity will go up to 15,000 MW per annum," BHEL executive director A.V.

August 15th, 2009 TIRUCHIRAPALLI - Power equipment major Bharat Heavy Electricals Ltd (BHEL) will invest Rs.485 crore ($100 million) to expand its boiler division that makes thermal and nuclear plant boilers, a senior official said here Saturday. "The expansion will be completed by 2011 and the division's capacity will go up to 15,000 MW per annum," BHEL executive director A.V.

July 30th, 2009 Feds: Aluminum companies must divest NC facilityRALEIGH, N.C. — The Justice Department says it has reached a settlement requiring two aluminum companies to sell a facility in North Carolina.

July 18th, 2009 CHENNAI - Power plant equipment major Bharat Heavy Electricals Limited (BHEL) Saturday dispatched super-critical boiler columns, weighing a total of 100 tonnes, from its boiler plant in Tiruchirappalli to the NTPC-promoted Barh Thermal Project in Bihar. K. Ravikumar and R.S.Sharma, the CMDs of BHEL and NTPC respectively, flagged off the consignment at Tiruchirappalli, 300 km from here.

July 16th, 2009 NEW DELHI - State-owned power utility NHPC Ltd, formerly National Hydroelectric Power Corp, plans to hit the primary market Aug 7 to raise around Rs.1,670 crore, company chairman S.K. Garg said here Thursday.

July 16th, 2009 NEW DELHI - The state-owned Bharat Heavy Electricals Ltd (BHEL) will invest Rs.5,803 crore to double its power plant equipment manufacturing capacity by the end of 2011, the government said Thursday. "BHEL had augmented its manufacturing capacity for power plant equipment from 6,000 MW to 10,000 MW annually by December 2007," said Arun Yadav, Minister of State for Heavy Industries and Public Enterprises, in the Lok Sabha.

June 29th, 2009 NEW DELHI - State-run power equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) has bagged an order worth Rs.170 crore from Chennai Petroleum Corp (CPC) to set up a gas turbine at its Manali refinery. BHEL will develop 20 MW co-generation power plant at CPC's Manali refinery.

June 3rd, 2009 CHENNAI - Prime Minister Manmohan Singh is expected to inaugurate a new boiler plant of Bharat Heavy Electricals Ltd (BHEL) at Tiruchirapalli this month, said a top company official here Wednesday. "We are waiting for confirmation from the Prime Minister's Office," BHEL executive director V.

May 4th, 2009 CHENNAI - A majority of over 500 steel fabrication units in Tiruchirapalli, one of the major engineering hubs in the country, are facing a new challenge as Bharat Heavy Electricals Ltd (BHEL), their main buyer, is shifting focus to bigger companies outside Tamil Nadu for fabrication works. The Rs.27,500-crore BHEL, which plans to double its Tiruchirapalli-based boiler division's capacity to 20,000 MW by 2012, is now depending on big vendors under its away-centre fabrication (ACF) policy to 'execute projects faster'.

April 2nd, 2009 MUMBAI - State-run engineering and manufacturing major Bharat Heavy Electricals Ltd (BHEL) Thursday reported 6.29 percent growth in net profit for 2008-09. The company said in a statement that its net profit rose to Rs.3,039 crore ($607.8 million) last year from Rs.2,859 crore the year before.

February 8th, 2009 BHOPAL - State-run engineering and manufacturing major Bharat Heavy Electricals Ltd (BHEL) has won four contracts worth Rs.70 billion (Rs.7,000 crore) for the supply and installation of electrical equipment for thermal power projects, the company announced Monday. The projects with a total capacity of 3,250 MW are located in Madhya Pradesh, Uttar Pradesh, Tamil Nadu and Maharashtra.

February 2nd, 2009 NEW DELHI - Kerala is eager to enter into tie-ups with central public sector undertakings (PSU) to strengthen and modernise the state's public sector, Industries and Commerce minister Elamaram Kareem said here Tuesday. Speaking after Kerala Electrical & Allied Engineering Company Ltd (KEL) signed a memorandum of understanding (MoU) with the state-owned Bharat Heavy Electricals Ltd (BHEL), Kareem said the state government's slogan was to 'modernise and strengthen' the PSUs.

January 13th, 2009 MUMBAI - State-owned engineering and manufacturing major Bharat Heavy Electricals Ltd (BHEL) has signed a deal with Karnataka to set up three thermal plants with a total capacity of 2,260 MW in the state. BHEL will set up a joint venture with Karnataka Power Corp for constructing a 660 MW thermal power plant at Edlapur in Raichur district of Karnataka, the company said in a regulatory statement.

December 23rd, 2008 NEW DELHI - State-owned power equipment maker Bharat Heavy Electricals Ltd (BHEL) has bagged two orders worth Rs.21 billion (Rs.2,100 crore) from National Thermal power Corp (NTPC), the company announced Wednesday. BHEL would supply and install the main plant equipment for NTPC's Mauda Super Thermal Power Project in Nagpur, Maharashtra, the company said in a statement.