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.
Overall income rose to Rs 6,194.21 crore for the quarter ended June
Operations have become profitable in FY17 after three years of losses
Equipment will be supplied by BHEL's manufacturing units
The ethics watchdog had recommended the fund exclude the companies
The fund is not allowed to invest in companies that breach certain ethical guidelines
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 said that it has also commissioned existing five units of 210 MW each of the thermal plant
Earlier in Gujarat, BHEL has executed the 4x125 mw Surat Lignite Power project in Surat
The PSU had delivered a Rs 1,085 cr loss in the same quarter a year ago
This comes on the back of higher income from power segment
This project will bring relief to power deficit Southern Grid. The HVDC link is expected to be established by 2019
The first unit of the 1,000-MW project was commissioned in December, 2015
The PSU is a major contributor to state power sector with over 85% of the coal-based power stations
BHEL has already supplied 225 such IGBT-based traction converters, which are in operation with Indian Railways
The venture is likely to roll out in 2019-20, will boost turnover at Bhel's Bhopal unit by a third
Order execution is gaining pace and share of slow-moving orders is declining
The company said strategic initiatives put in place by the new management have begun yielding results
SC order in favour of BHEL, Tangedco will result in monetisation of Rs 7,800 crore worth of projects
In the past 15 months, the PSU has added 4,300 Mw of power generation capacity in the state