"BHEL's core function is that of power equipment manufacturing. However, in 2012-13, 2013-14 and 2014-15 the power generation was halted due to coal scam," the minister said at a press conference here.
Power Grid is conducting this eRA for bulk procurement of major power equipment like transformers, cables and conductors under the Integrated Power Development Scheme (IPDS) and Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) on behalf of the committee appointed by the power ministry, the ministry said.
The shareholders approved the special resolution at its annual general meeting held on September 19, to issue non-convertible debenture of Rs 150 crore in one or more tranches during one year period, Inox Wind Ltd said in a BSE filing.
Domestic equipment gains currency due to local regulation compliance, lower cost, and easy availability.
GiIC has signed a Memorandum of Understanding (MoU) with Kakinada SEZ (KSEZ), a subsidiary of GMR Infrastructure, to set up an industrial park for the high-end Chinese equipment manufacturing companies, a BSE filing said.
Indian Prime Minister Narendra Modi is expected to bang the drum for his "Make in India" campaign during his maiden visit to China this week, but will companies from the "world`s factory floor" bite?
These reactors will be installed at Power Grid's Vemagiri and Srikakulam sub-stations in Andhra Pradesh.
This will be the first full budget which the current government will be tabling and since we have the majority government in place, the expectations are high and the industry is looking for a revival which will kick start the economic activity.
Speaking to CNBC-TV18, Tarang Bhanushali said margin pressure for BHEL is likely to ease from FY16 onwards but downgraded the company‘s earnings estimates for FY15.
Bharat Heavy Electricals Ltd, India's top power equipment maker, missed analyst estimates with a 17.5 percent fall in third-quarter net profit, hit by a slowdown in new orders, sending its shares down more than 4 percent.
Shares of Bharat Heavy Electricals (BHEL) were up 3 percent on Wednesday after the government imposed a 35 percent safeguard duty on electrical insulators imported from China, in a bid to protect domestic manufacturers from cheaper shipments.
Faced with sluggish business conditions, state-run power equipment major BHEL has decided to limit its recruitment to only filling up the existing vacancies.
Commerce minister Anand Sharma will meet his Chinese counterpart Chen Deming on August 27 for bilateral trade talks in Delhi. It is learnt that the Chinese side will raise the issue of import duty hike on power equipment by India.
Looking to bolster its overseas foot prints, state-run Bharat Heavy Electricals is actively scouting for acquisition opportunities in Europe and the US.
The Cabinet is likely to consider tomorrow several key economic proposals including SAIL disinvestment, levy of import duty on power equipment and revision of central support price for sugarcane.
Prime Minister's Office has decided to push the pending issue of duty on imported power equipments. The PMO has asked power ministry to float a cabinet note on the issue, reports CNBC-TV18's Anshu Sharma.
Infrastructure company KEC International has won orders worth Rs 1,416 crore spread across various businesses, geographies and customers.
Bharat Heavy Electricals expects flat growth in sales in the new fiscal year that began on April 1 because of uncertainties plaguing power producers, company officials said.
Bharat Heavy Electricals (BHEL) has announced its provisional numbers for FY12 and Q4FY12. The company's FY12 turnover was up 14% at Rs 49301 crore versus Rs 43337 crore, year-on-year, YoY.
Sources in the power ministry have told CNBC-TV18 that the proposal for import duty on power plant equipment is alive and is being considered by the cabinet.
MS Unnikrishnan, MD, Thermax Ltd stated that the industry was keen on measures to control fiscal deficit and check inflation.
Global markets were subdued while it was a rough session on the Nifty as well yesterday. Read on for more...
Shares of power equipment maker BHEL (Bharat Heavy Electricals) jumped over 10% on Friday on hopes that the public sector firm's order flows will get a big boost after Supreme Court cleared NTPC to place orders for supercritical equipment.
Speaking to CNBC-TV18, Arun Maira, member of Planning Commission said that if import duty is restored to 14% then the power cost would rise only by 1-2%. This rise can be absorbed within a year through improved efficiencies.
Amid a raging debate over the quality of power equipment from BHEL and Chinese companies, the government on Thursday said Chinese gears are of lesser efficiency compared to those supplied by the PSU.