The minister’s announcement is significant because TPPs in India have managed to have a combined reserve coal stock of only about 24-25 million tons, which is enough to generate power for about 10 days.
At the age of 74, Dr V Krishnamurthy had remembered a 10-minute conversation four years ago with a 21-year-old-novice-in-his-first job. Not just on account of his elephantine memory, but because he cared to remember, writes Rajen Garabadu
According to the filing, the board of the company has also approved a final dividend of Rs 0.40 per share on the paid up share capital of the company for the financial year 2021-22.
Budget 2022 | In 2021-22, the Budget had pegged receipts from dividends of CPSEs at Rs 50,027 crore. The government is expected to collect more than the budgeted amount because of a surge in profits of several CPSEs.
The government's disinvestment target for the current financial year is Rs 1.05 lakh crore.
However, these two companies are not a part of the 23 public sector undertakings (PSUs) lines up for strategic disinvestment.
Bharat Heavy Electricals jumped over 3 percent after the company commissioned the 1320 MW IB Thermal Power Station located in Jharsuguda district of Odisha.
BHEL has been supplying electric as well as diesel locomotives, EMUs, propulsion system sets and drives to Indian Railways over the years.
The state-owned power equipment major, Bharat Heavy Electricals Limited (BHEL) is aiming at doubling the non-power revenue by 2022 and the projects will be executed on a turnkey basis.
BHEL commissions Sudan's largest power project has executed this project on Engineering, Procurement and Construction (EPC) basis.
"Bharat Heavy Electricals Limited (BHEL) has bagged a contract for supply and installation of a PCP package for Barh Super Thermal Power Project (STPP), stage-I (3x660 MW), of NTPC," BHEL said in a press release.
BHEL has also commissioned two boilers of 800 MW each during the year. In addition, sets with a cumulative of 2,000 MW have been synchronised and are ready for capacity addition.
Currently, whichever way you look at it, valuations are extremely expensive, investors should be cautious, asset allocation is going to be the biggest challenge no matter which asset class is looked into
PM Manmohan Singh dedicated two projects of Bharat Heavy Electricals Limited in Puthukottai district of Tamil Nadu.
BHEL appointed WVK Krishna as the director for industrial systems and products. Earlier, he was heading the company's corporate planning and development wing as the executive director.
The way the individual stock rollovers are happening, it clearly suggests that it is more of a stock picking market. So, a slight consolidation may continue but I still hold a positive bias till Nifty is holds above 5950-6000 levels.
Parag Doctor of Keynote Capital said one should wait for a breakout in BHEL above Rs 210-215 levels and then consider buying the stock, because that breakout would confirm bullishness in medium to long term, he added.
Sudarshan Sukhani of s2analytics.com is of the opinion that one can sell Siemens.
JK Jain Of Karvy Stock Broking is of the view that if BHEL breach Rs 218 then the stock would see sharp cut, it has strong support at Rs 200. Bank of Baroda may see fresh short and the stock could see Rs 750-740 levels in the near term.
Sell Bharat Heavy Electricals Limited (BHEL), says Tirthankar Patnaik, EVP - Institutional Sales, Religare Capital Markets. You are not expecting the investment cycle to pick up anytime soon and therefore BHEL is likely to remain under pressure for that particular reason, he adds.
Sudarshan Sukhani, s2analytics.com is of the view that trader can buy BHEL.
Finance Ministry may float Cabinet note on public sector unit (PSU) ETFs shortly, report CNBC-TV18's Aakanksha Sethi.
CNBC-TV18's managing editor Udayan Mukherjee explains that the market closing 4.5% higher indicates a break-out week and adds that PSUs and midcaps have led the rally.
As many as 172 officials working with different central government departments have been advised penalty by the Central Vigilance Commission for their alleged involvement in corrupt practices.
Fitch Ratings has affirmed India-based Bharat Heavy Electricals Limited's (BHEL) National Long-Term rating at 'Fitch AAA(ind)'. The Outlook is Stable.