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Effective defence-industry ecosystem developing in country: General Pande

Army Chief Gen Manoj Pande on Wednesday said an effective defence-industry ecosystem is taking shape in the country and veterans with their field experience are "ideally suited" for incorporation into indigenous research and manufacturing of technological solutions required by the force. In his address at the Army Welfare Placement Organisation (AWPO) Summit 2024 held at the Manekshaw Centre here, he said the Army's responsibility towards its veterans remains a "sacred commitment". The aim of the summit was to bring together different stakeholders on a common platform, to narrow down the gap between enterprise requirements, veteran competencies and the pursuits of AWPO. "While the demand for skilled and experienced workforce exists at the industry end, at the same time, a human resource pool of veterans with adequate experience and unique skill sets is also available, after they exit from active service each year. The endeavour is to synergise the two as well as strengthen the ...

BHEL, ONGC, NTPC, SAIL rally up to 9% on May 03. What's behind the rise?

At 10:08 am; the CPSE index, the top gainer among broader indices, was up 1.4 per cent, as compared to 0.16 per cent rise in the S&P BSE Sensex

BHEL up 7%, hits 12-year high on pact with HIMA for railway signaling biz

he market price of BHEL has recovered 45 per cent from March month low of Rs 207.20. At 11:06 am; the stock was trading 3 per cent higher at Rs 290.60, as compared to 0.34 per cent rise in the S&P BSE

BHEL partners HIMA West Asia FZE, Dubai for railway signalling business

State-owned engineering firm Bharat Heavy Electricals (BHEL) on Tuesday announced that it has entered into a strategic partnership agreement with HIMA Middle East FZE, Dubai for railway signalling business. HIMA is the world's leading solution provider for safety-related automation in the railways and process industries, a regulatory filing said. According to the filing, the BHEL has entered into a strategic partnership agreement for the railway signalling business with HIMA Middle East FZE, Dubai (A wholly owned subsidiary of HIMA Paul Hildebrandt GmbH, Germany). The BHEL has been supplying locomotives, electrics for EMU/MEMU, propulsion systems, traction motors, traction alternators, traction transformers, etc. to Indian Railways. The partnership with HIMA will further enhance BHEL's offerings to Indian Railways, it said.

Power Mech Projects bags orders worth Rs 232 cr for coal, thermal plants

Power Mech Projects has bagged orders worth Rs 232.03 crore, including building of power house and balance of plant at a thermal project and coal handling plant. The company received orders under three packages worth Rs 122.89 crore from state-owned engineering firm BHEL in various packages, the company said in a BSE filing. Package A includes erection of power house Unit 1 & 2 and other buildings at 2x660 MW NTPC Talcher, Odisha. Package B includes erection of ash handling plant structure, and tank fabrication at the NTPC Talcher plant. Package C includes erection of coal handling plant structure at the plant. The other order of Rs 52.74 crore includes balance civil and architectural works of superstructure of power house, bunker area and balance works in other areas of main plant of Yadadri TPS (thermal power station) Unit 4 & 5 -- Rs 52.74 crore. Another order of Rs 56.40 crore includes mechanical structure erection works at PP2 and Balance Quantity of Coke Oven Projects ...

Ramkrishna Forgings bags Rs 270 crore order for Vande Bharat trains

Ramkrishna Forgings Ltd on Monday said it has received an order of Rs 270 crore from a consortium led by BHEL to supply bogie frames of Vande Bharat train sets. The scope of the project involves the development and validation of the bogie frames for the sleeper version of the Vande Bharat train sets, Ramkrishna Forgings Ltd (RKFL) said in a statement. This order encompasses 32 train sets, each comprising 16 coaches and RKFL will be producing a total of 1,024 bogie frames, it said. The order valued at Rs 270 crore is to be supplied to the BHEL TRSL consortium, the statement said. Lalit Kumar Khetan, Whole Time Director & CFO, Ramkrishna Forgings Limited said, "Securing the prestigious order is an indication to our relentless pursuit of excellence and innovative approach. We...support the Make in India and the advancement of rail transport in the country by leveraging our expertise in manufacturing high-quality bogie frames." Kolkata-based Ramkrishna Forgings is a manufacturer and .

Lenders to invite bids for Hiranmaye Energy in the next few weeks

BHEL had petitioned to halt the insolvency process of the project, citing its pending dues emerging from an arbitral award

Bhel gets Rs 4,000 crore order for 1600 MW thermal project from Adani Power

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) has received an order worth Rs 4,000 crore from Adani Power Limited for setting up the 1,600 MW Raigarh Phase-II Thermal Power Plant at Raigarh, Chhattisgarh. BHEL in a filing said that it received a Letter of Award on March 27, 2024, for the supply of equipment and supervision of erection & commissioning for 2x800 MW power project based on supercritical technology at Raigarh Phase II, Chhattisgarh. The boiler and Turbine Generator are to be manufactured at BHEL's Trichy and Haridwar plants respectively. The supply of Unit-1 will take 31 months and Unit-2 (35 months).

REC Power, BHEL to develop utility-scale renewable energy projects

REC Power Development and Consultancy and BHEL on Friday inked an initial pact to form a special purpose vehicle (SPV) for developing utility-scale renewable energy projects. Renewable energy projects of 10 MW or more are referred as utility-scale projects. REC Power Development and Consultancy Limited (RECPDCL) is a wholly owned subsidiary of state-owned REC Ltd. The SPV will be benefitted by the core engineering expertise of BHEL and infrastructure investment expertise of REC, a statement said. It will focus on catering to the energy requirement of commercial and industrial (C&I) segment with initial capacity of 1 GW which would be scaled further. "This collaboration brings together our extensive experience in the renewable energy sector with BHEL's proven expertise in manufacturing and engineering. This SPV will play a crucial role in achieving India's ambitious renewable energy targets and contribute to a cleaner and greener future," REC Chairman and Managing Director Vivek .

Coal India, BHEL may sizzle on this announcement by govt; details here

Stocks to Watch on March 7: The Ministry of Coal has issued three draft request for proposals (RFPs) for consultation on coal gasification scheme

Here's why you should keep BHEL shares on radar today, March 6

Shares of BHEL have rallied nearly 15 per cent in two days amid reports that the company is likely to get an order worth Rs 17,000 crore to construct a thermal plant

BHEL bags order worth Rs 9,500 cr to set up 1,600 MW thermal project

State-owned Bharat Heavy Electricals Ltd (BHEL) on Tuesday said it has bagged an order from power giant NTPC to set up a 1,600 MW Singrauli thermal power project (Stage-II). The size of the order is more than Rs 9,500 crore, excluding GST (goods and services tax), BHEL said in a regulatory filing. "BHEL has received an order from NTPC for setting up the Singrauli Super Thermal Power Project, Stage-III (2x800 MW) in Sonebhadra District, Uttar Pradesh," it stated. The engineering firm expects to complete Unit 1 in 50 months and Unit 2 in 54 months. The scope of the order includes supply of equipment, erection and commissioning as well as civil works, it said. The BSE on Monday sought clarification on news about BHEL bagging this order as it was the sole bidder. The company later in a clarification to BSE explained that it had submitted a price bid on December 21, 2023, and is the only bidder, for the mentioned NTPC tender, which is an activity in the normal course of ...

Own BEML, BEL in your portfolio? Check why they will be in focus today

On Monday, the MoD signed a tripartite MoU with BEML, Bharat Electronics, and Mishra Dhatu Nigam for indigenous development of Advanced Fuelling and Control System for Engines

BHEL surges 10% on heavy volumes; stock hits over 8-year high

The stock is trading higher for a fifth straight day, ralling 16 per cent during the period, after BHEL signed a joint venture agreement (JVA) with Coal India (CIL)

NCLAT dismisses BHEL's pleas against REC over Hiranmaye Energy insolvency

Insolvency appellate tribunal NCLAT on Monday set aside a BHEL petition seeking to halt REC from initiating insolvency proceedings against Hiranmaye Energy, formerly India Power Corp (Haldia). The NCLAT said it sees no reason to interfere in the order passed by the Kolkata bench of NCLT admitting REC's insolvency plea against Hiranmaye Energy, and said claims filed by BHEL against the debt-ridden thermal power company should be dealt with in accordance with the law. The National Company Law Tribunal (NCLT) on January 2, 2024, directed to initiate a Corporate Insolvency Resolution Process (CIRP) against Hiranmaye Energy, admitting the plea filed by REC, formerly known as Rural Electrification Corporation. Challenging this, BHEL moved the appellate tribunal NCLAT, where it filed two petitions. In the first plea, it challenged the admission of insolvency plea by the NCLT and also the order of January 5, 2024, in which PSU's intervention application filed by it was rejected. BHEL ...

Stocks to watch: Reliance, Coal India, BHEL, Shriram Finance, UPL, Jio Fin

Stocks to Watch on February 29, 2024: Under the NSE index rejig, Shriram Finance will replace UPL in the Nifty50 index with effect from March 28, 2024

CIL to hold 51% stake in Rs 11,700 crore coal-to-chemical JV with BHEL

Coal India Limited (CIL) on Wednesday said it will hold a 51 per cent stake in the joint venture with Bharat Heavy Electricals Limited (BHEL) for the coal-to-chemicals project in Odisha. "To form a JV company to undertake coal-to-chemicals business by initially setting up a Coal to 2000 tons per day (TPD) Ammonium Nitrate Plant using BHEL's in-house developed PFBG (Pressurized Fluidized Bed Gasification) technology," the company informed the bourses. "Equity shareholding shall be 51 per cent with CIL and 49 per cent with BHEL," the miner said. The CIL project involves its subsidiary Mahanadi Coalfields Limited (MCL) in Jharsuguda district of Odisha at an estimated project cost of Rs 11,782 crore considering a debt-equity ratio of up to 70:30, the government said earlier. The venture will kick off with the construction of a state-of-the-art Coal to Ammonium Nitrate Plant, leveraging BHEL's Pressurized Fluidized Bed Gasification (PFBG) technology. CIL, in a pivotal role, pledges to

BHEL bags order to set up 800 MW thermal power plant from Haryana

State-owned BHEL on Wednesday said it has bagged an order to set up an 800 MW ultra-supercritical thermal power plant at Yamunanagar in Haryana. The 800 MW Deenbandhu Chhotu Ram Thermal Power Plant (DCRTPP) will be Haryana's first ultra-supercritical technology-based power project, Bharat Heavy Electricals Limited (BHEL) said in a statement. "Under International Competitive Bidding (ICB), BHEL has won an order for setting up an 800 MW Ultra-supercritical thermal power plant on engineering, procurement and construction (EPC) basis, at Yamunanagar, Haryana, from HPGCL (Haryana Power Generation Corporation Ltd.)," the company said. On commissioning, this plant will offer more efficient parameters and consume less coal in comparison to the existing subcritical units in the state. The proposed 800 MW unit shall be established adjacent to the existing 2x300 MW units, currently operational at Yamunanagar, it said. BHEL said it has executed central and state thermal utility projects of ove

Adani Group, Hindalco, Eicher: Five stocks to watch out for on Wednesday

Stocks to watch on Wednesday, February 14, 2024: Shares of Adani Group are likely to be in focus as ratings agency Moody's upgraded outlook on four of the group companies.

BHEL Q3 results: Net loss at Rs 149 cr, income up marginally at Rs 5,599 cr

State-owned BHEL on Tuesday posted a consolidated net loss of Rs 148.77 crore for the third quarter ended December 2023, impacted by higher expenses. It had posted a net profit of Rs 42.28 crore in the October-December period of the preceding 2022-23 financial year, the company said in an exchange filing. The company's total income rose to Rs 5,599.63 crore from Rs 5,353.94 crore a year ago. Its expenses increased to Rs 5,816.87 crore from Rs 5,320.84 crore in the third quarter of the last fiscal. BHEL is one of the largest engineering and manufacturing companies, engaged in design, engineering, construction, testing, commissioning and servicing a wide range of products and services.