New Delhi: State-run BHEL on Tuesday said it will invest Rs 500 crore for setting up a manufacturing facility at Bhandara in Maharashtra. "BHEL is setting up a new Power Equipment Fabrication Plant at Bhandara in Maharashtra. The greenfield unit is being set up by the company at an initial investment of Rs 500 Crore and will provide direct employment to about 700 persons," BHEL said in a statement.
The foundation stone for the new unit was laid at Bhandara by Prithviraj Chavan, Chief Minister of Maharashtra. The ceremony was presided over by Agriculture Minister Sharad Pawar and Minister for Heavy Industries & Public Enterprises, Praful Patel and BHEL Chairman & Managing Director B Prasada Rao were also present on the occasion, the statement said.
In his address, Chavan said that electricity is one of the most vital elements for sustained economic growth. "We need commensurate growth in power supply and BHEL has taken various capacity and capability building initiatives towards this. Today's milestone is an outcome of such initiatives," Chavan said.
"Power is projected to grow at a much quicker pace in the coming years. The government has drawn up ambitious plans for adding additional 2,34,000 MW capacity to the power generating base by 2017," Pawar said in his address. Praful Patel said that BHEL's technology tie-up for super-critical boilers for 800 MW units is one such example which will enable the company to cater to the requirements of power stations with higher efficiencies and low
12:49 PM, May 14, 2013
Bhopal: At least 20 people are feared trapped when the ceiling of the first floor of a hospital run by the Bharat Heavy Electricals Limited (BHEL) in Bhopal collapsed on Friday evening. Sources said that the section of the two-storey Kasturba hospital that collapsed housed the women's ward and had 20-25 patients, although none of them was critical. Nearly 15 people have been rescued so far, Additional DM, Bhopal said....
06:25 PM, Apr 26, 2013
New Delhi: Bharat Heavy Electricals Ltd (BHEL), India's state-run top power equipment maker, reported on Monday an 8 per cent fall in provisional net profit for the fiscal year ended on March 31. India's power sector has been badly hit by shortages of coal and gas supplies, delays in environmental approvals for power and mining projects and drying up of funding - severely denting the demand for equipment. Provisional net...
01:25 PM, Apr 08, 2013
Bhopal: A major fire broke out at the Bharat Heavy Electricals Limited's (BHEL) plant in Bhopal on Wednesday morning, a company official said. The fire started from BHEL's transformer block number three around 10 AM, spokesperson of the company said. No casualties or injuries were reported in the incident so far, he said. Fire tenders from the Bhopal Municipal Corporation, city airport and BHEL's own fire station were pressed into...
02:47 PM, Oct 10, 2012
New Delhi: The whole ONGC auction confusion has taken its toll on the government's disinvestment plan as this was being seen a test case for more such deals. As a result the divestment of Oil India and heavy engineering goods firm BHEL have been put on hold. Heavy Industries and Power Enterprises Minister Praful Patel had earlier said that it would happen during the next fiscal. The government is looking...
07:55 AM, Mar 02, 2012
Chennai: Taking the state-owned Bharat Heavy Electricals Ltd. (BHEL) by surprise, Tamil Nadu Chief Minister J. Jayalalithaa on Friday scrapped the 1,600 MW power joint venture with it and announced that the government would fully fund the project itself. In a statement issued here on Friday, Jayalalithaa said there had been no progress in the Rs.8,000 crore power project after the Memorandum of Understanding (MoU) was signed in 2007 between...
06:03 PM, Feb 24, 2012
New Delhi: The government cleared stake sale in its Navratna PSU ONGC on Wednesday. The divestment has been cleared by the Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee. Sources say five per cent government stake in ONGC will be offloaded. This is the first divestment cleared by the government in nearly nine months. The EGoM will meet again to decide on the timing of the divestment....
02:09 PM, Feb 15, 2012
Name: B Prasada Rao Profile: Chairman and Managing Director, BHEL Age: 57 Why he won for proving that a public sector company can hold its own in the face of stiff competition from India as well as overseas. And for cutting through bottlenecks to grab new opportunities in a growing economy. When I took over as the BHEL chairman in 2009, there was a lot of buzz in the market....
10:39 AM, Oct 28, 2011
New Delhi: The finance ministry has decided to puts its divestment plans on hold in view of the ongoing deterioration in market condition. Sources tell CNBC-TV18 that all divestments plans have been put on hold until market stabilises. The ministry may revise its divestment target downwards. The FY12 divestment target of Rs 40,000 crore will get revised in the budget estimates in October. The PSUs on the divestment agenda include...
01:52 PM, Sep 27, 2011
Job seekers from Tamil Nadu and other states were beaten in Hyderabad. ...
06:47 PM, Feb 20, 2010
Police arrest seven people after two of the assaulted students filed an FIR. ...
02:59 PM, Feb 19, 2010
New Delhi: It has so far been a learning curve for him and emerging West Indian allrounder Kevon Cooper is enjoying every bit of the time he is spending with Rahul Dravid, courtesy the Indian Premier League (IPL). It's a pleasure to be in the same dressing room as Rahul Dravid and having nets with him. He has been sharing his knowledge and international experience, Cooper said of his skipper...
09:28 PM, May 16, 2008
Islamabad: The Pakistan Cricket Board has criticized the report from an ICC task force set up to examine the state of the sport in the country, labeling it a "scholarly exercise" from people who failed to even visit Pakistan. The report, which was submitted to the ICC's board meeting in Hong Kong last month, contained recommendations on the Pakistan government's role in the PCB and its selection committee. The PCB ...
02:07 AM, Feb 12, 2008
London: England Test captain Andrew Strauss considers the upcoming series against India as tough as the historic Ashes but is banking on home advantage to upstage the world's number one side. This series against India is certainly up there with the Ashes. I think the one thing we have in our advantage over the Ashes is home advantage, said Strauss ahead of the series starting July 21 at the Lord's....
11:56 PM, Feb 11, 2008
The power equipments major has also declared a final dividend of 60 per cent for the year 2006-07. ...
05:02 PM, May 26, 2007
Y H Lokapur's colleagues forged his signature, stole his ATM card and hacked into his bank account and robbed him of Rs 30K. ...
09:09 PM, May 24, 2007
Public Sector BHEL has entered the Limca book of Records for its contributions towards nation building activities. ...
04:05 PM, Sep 05, 2006
