Page 13 - Bhel

BHEL pays 40% interim dividend amounting to nearly Rs 3 billion

State-run power equipment-maker BHEL today said that it has paid 40 per cent interim dividend on enhanced equity, capital post-bonus, for the financial year 2017-18. "In value terms, the dividend paid amounts to Rs 293.71 crore. With this, the company has maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly for over four decades," BHEL said in a statement. A cheque of Rs 185.21 crore towards the interim dividend for the year 2017-18 on the equity (63.06 per cent) held by the Government of India, was presented here to Anant G Geete, Minister of Heavy Industries & Public Enterprises and Babul Supriyo, Minister of State for Heavy Industries & Public Enterprises, by Atul Sobti, Chairman and Managing Director, BHEL. Directors on the board of BHEL and senior ministry officials were also present on this occasion. Accelerating its growth momentum, BHEL has reported a surge in profitability up to the third quarter of 2017-18. Prudent ...

BHEL gets Rs 10.34-bn order from HPCL for its Visakhapatnam refinery

BHEL said this captive power plant is being set up to meet the power and steam required by HPCL

BHEL trips on higher incidental costs

Other expenses, mainly provision for wage hike and project-costs, doubled in Q2

BHEL gets shareholders' nod for bonus share, 79% dividend

To issue 1 new equity bonus share for every 2 existing shares

High-speed train orders: Too little, too far for BHEL

As the euphoria over high-speed train orders settled, the BHEL stock, too, on Friday gave up all the gains it clocked a day earlier. And there are reasons for this. If analysts are to be believed, there is not much change expected in BHEL's prospects in the near-term, and secondly, the high-speed train orders may not be enough to move the needle.The stock had gained 3.8 per cent to Rs 137.40 on Thursday, compared to Wednesday's closing price of Rs 132.55. On Friday, it fell 3.9 per cent to close at Rs 132. The street optimism had increased on Thursday, as rolling stock for the Mumbai-Ahmedabad bullet train project will be sourced from a joint venture between BHEL and Kawasaki of Japan. This opportunity, however, may not be big enough to substantially improve BHEL's near-term prospects. For one, the project is estimated to be completed by 2023. Analysts at Nomura believe the 2023 timeline will be extremely difficult to meet given the complexities involved in constructing the ...

BHEL pins hope on bullet train to get back on track

According to its annual report, the company got only orders worth Rs 23,489 crore in 2016-17

BHEL may make rolling stock for bullet train; stock surges 4%

The stock rallied 10% to Rs 146 ob BSE in intra-day trade on hopes that the company will make rolling stock for bullet train.

BHEL Q1 net up 4% at Rs 81 cr; board gives nod for bonus issue

Overall income rose to Rs 6,194.21 crore for the quarter ended June

BHEL's recovery may be steady but slow

Operations have become profitable in FY17 after three years of losses

BHEL bags Rs 233 crore order for steam and power generation from RFCL

Equipment will be supplied by BHEL's manufacturing units

Norway wealth fund drops Bhel over environment concerns

The ethics watchdog had recommended the fund exclude the companies

Norway wealth fund excludes Bhel due to environment rules

The fund is not allowed to invest in companies that breach certain ethical guidelines

Ample replacement order opportunity can perk up BHEL

In an otherwise quiet day of trade, BHEL's stock was among the top gainers, up about 4.4 cent reacting positively to the Central Electricity Authority (CEA) observations. The government body has identified power generation plants with capacities totalling to 72 gigawatts (GW) which need replacement to comply with the new environmental norms notified in December 2015. One GW is 1,000 megawatts.The new norms specify for reduced sulphur dioxide and nitrogen oxide emissions among others. To be compliant with these norms, the power plants need to install flue-gas desulfurization units. However, given certain constraints, the CEA has identified about 72GW of power plants where installation of this unit is not feasible and hence these plants need to be refurbished to meet the emission norms. Failure to do so may result in a shut down or phasing out of the plants. Therefore with CEA identifying the plants which require refurnishing, it provides an opportunity for BHEL, the country's largest ..

BHEL commissions NTPC's new 500 MW unit in UP

Bhel said that it has also commissioned existing five units of 210 MW each of the thermal plant

BHEL commissions 250 mw eco-friendly power plant in Gujarat

Earlier in Gujarat, BHEL has executed the 4x125 mw Surat Lignite Power project in Surat

BHEL net up on non-power projects

The PSU had delivered a Rs 1,085 cr loss in the same quarter a year ago

BHEL Q3 net profit at Rs 93-cr; announces 40% interim dividend

This comes on the back of higher income from power segment

BHEL bags Rs 1,360-cr order to set up 6,000 MW power project

This project will bring relief to power deficit Southern Grid. The HVDC link is expected to be established by 2019

BHEL commissions 500 MW thermal unit in West Bengal

The first unit of the 1,000-MW project was commissioned in December, 2015

Bhel commissions another 600 Mw thermal unit in Telangana

The PSU is a major contributor to state power sector with over 85% of the coal-based power stations