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Markets shrug off SC verdict on coal block deallocation
Posted on 24th September 2014
Markets are trading flat in the noon trades with select metal and power stocks losing the most after the Supreme Court in its verdict today cancelled most of the coal blocks allocated. However, buying in the defensive stocks have limit losses.

At 2:38PM, the 30-share Sensex is up 27 points 26,803 and the 50-share Nifty has gained 1 point at 8,018.


Bhel to build two power plants in Telangana
Posted on 24th September 2014
Public sector undertaking Bhel will be executing two thermal projects in Telangana on an engineering, procurement and construction (EPC) basis.

The state government would be entering into a memorandum of understanding with Bhel for the execution of 800-Mw Kothagudem and 1,080-Mw Manuguru thermal power plants.


Markets consolidate; Sensex holds 27,100
Posted on 23rd September 2014
Benchmark share indices continued to trade weak as selling by foreign funds continued to weigh on market sentiment. Further, data suggests that Nifty roll-overs to the October series stood at 40% so far.

At 11.45 Hrs, Sensex was trading at 27,139.04 with a 67.77 points loss while NIfty shows a decline of 21.50 points at 8,124.80.


Heavyweights drag markets lower; Sensex down 70 points
Posted on 23rd September 2014
Markets edged lower in morning trades as selling in index heavyweights like ICICI Bank, Reliance Industries and L&T weighed on the indices. At 1040 hrs, the Sensex was down 70 points at 27,137 and the Nifty was down 22 points to trade at 8,124.

The broader markets too gave up all of its early gains and were in red with the midcap index down 0.2% and the smallcap index down 0.04%.


BHEL bags Rs 3,500 crore order for Gujarat thermal plant
Posted on 19th September 2014
State-owned Bharat Heavy Electricals Ltd (BHEL) has bagged an order worth over Rs 3,500 crore for setting up a thermal power project in Gujarat. The contract has been awarded by the Gujarat State Electricity Corp Ltd.

In a statement on Thursday, BHEL said the Rs 3,536 crore order is to set up an 800 MW super critical thermal plant at Wanakbori in Kheda district.


BHEL to develop 20 Mw solar power plant
Posted on 16th September 2014
The engineering and manufacturing major, Bharat Heavy Electricals Limited (BHEL) will develop a 20 Mw solar power plant at Manamunda industrial estate in Boudh district.

“A letter of intent has been issued to BHEL which will develop the proposed solar plant. It will also operate and maintain the plant for a period ten years,” said an official of GEDCOL, the nodal agency for implmentation of renewable energy in the state.


BHEL to gain from rise in defence spend
Posted on 13th September 2014
The leader in defence electronics in India, Bharat Electronics (BHEL) would be a key beneficiary of the rising defence expenditure in the country.

The Indian Air Force would be finalising large ticket acquisitions of $20-22 billion, and as the proportion of Electronics is higher in Air Force orders, these deals would be important from BHEL’s perspective.


Sensex up over 150 points; ICICI Bank, L&T up 2-3%
Posted on 1st September 2014
Markets continue to trade near their day's highs in late morning deals with capital goods and bank shares leading the gains on better-than-expected GDP growth in the first quarter ended June 30, 2014.

At 11:50AM, the 30-share Sensex was up 168 points at 26,808 and the 50-share Nifty was up 56 points at 8,010.


Sensex trades 130 points higher ahead of derivatives expiry
Posted on 27th August 2014
Mumbai: The 30-share bellwether BSE Sensex traded higher on Wednesday morning, ahead of the expiry of derivatives. The government is expected to release data on GDP growth on 29 August.

At 9.22am, the Sensex was trading up 0.52%, or 138.65 points, at 26,581.46 points, while the National Stock Exchange’s broader barometer 50-share Nifty was up 0.38%, or 29.95 points, at 7,934.70 points.


NTPC seeks to tie up with Coal India, BHEL
Posted on 20th August 2014
NTPC is keen to join hands with Coal India Ltd (CIL) and Bharat Heavy Electricals Ltd (BHEL) to augment its generation capacity and capability, which have been hit by coal shortage.

Minutes of a July meeting of an advisory group on integrated power development, headed by Suresh Prabhu, said, “NTPC’s performance was affected in recent years, and continues to be so, by the general situation of the coal shortage in the country. While this is true, it is also a fact that NTPC could develop the coal blocks allotted to it from 2004.”


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