New Delhi: Power equipment maker BHEL on Wednesday posted about 93 per cent jump in standalone net profit to Rs 155.58 crore in the first quarter of current fiscal on higher revenues.

Its net profit was Rs 80.82 crore in the April-June quarter of last fiscal, 2017-18, the company said in BSE filing.

Shares of Vedanta, Bharat Heavy Electricals (BHEL), Grasim Industries, Power Grid Corporation, Reliance Power, Tata Motors, NMDC and Rural Electrification Corporation (REC) were among 22 stocks from the S&P BSE 500 index that hit their respective 52-week low on the BSE in intra-day trade on Thursday.

Essel Propack, Great Eastern Shipping, Greenply Industries, Kajaria Ceramics, Kwality, Mangalore Refinery and Petrochemicals (MRPL), Rajesh Exports and Somany Ceramics, too, hit 52-week low today.

BHEL on Thursday said it has inked a pact with South Korean firm NANO Co Ltd for design and manufacture of emission controlling devices for coal-based power plants.

The Technology Collaboration Agreement (TCA) with NANO Co is for design and manufacture of SCR Catalysts for De-NOx application in coal-fired plants, BHEL said in a statement.

Bharat Heavy Electricals Ltd’s (BHEL’s) stock price has fallen by almost a fifth since January. Weak revenue growth, high receivables (customer dues) and low customer advances have taken the sparkle off this state-owned Maharatna. At the current market price, its price-earnings multiple has tumbled to around 14 times estimated FY19 earnings, from 20 times until a few months ago. Strangely, even the 74% spike in its FY18 order flows failed to enthuse the Street, due to concerns on sustainability.

State-run power equipment maker BHEL has bagged two orders worth Rs 10 billion from Telangana.

The orders from Telangana State Power Generation Corporation (TSGENCO) are for supply and installation of emission control equipment at Kothagudem and Bhadradri thermal power stations, BHEL said in a statement.

Bharat Heavy Electricals (BHEL) saw a jump in Q4FY18 gross margin which helped neutralise the wage revision impact. However, adjusting for forex loss/gain in FY17/FY18, EBIDTA growth at 3% was in line with revenue, implying flattish margin at ~5% levels. The company sustained the sharp drop in slow-moving orders, which now account for only 17% of order book vs 40% last year and 21% in Q3FY18.

New Delhi: State-owned power equipment maker Bharat Heavy Electricals Ltd’s (BHEL) net profit more than doubled to Rs457.12 crore for the March 2018 quarter on higher revenues, compared to a profit of Rs215.55 crore a year ago.

The company’s total income edged down to Rs10,341.58 crore in the fourth quarter from Rs10,476.28 crore last year, BHEL said. The turnover (sales) for the quarter was Rs9,833 crore as against Rs9,479 crore in the last year.

The government, which has made little progress in carrying out strategic sales of the 40 central public sector enterprises (CPSEs) including Air India from four earlier lists given by NITI Aayog, has received a fresh list of 11 CPSEs for privatisation from the official think tank. Bharat Heavy Electricals (BHEL), Hindustan Copper (HCL), the ailing MTNL, Telecommunications Consultants India (TCIL) and Mecon topped the new array of companies that could be put up for sale, according to NITI Aayog.

New Delhi: State-run power equipment maker BHEL on Friday entered into a technology transfer agreement with Indian Space Research Organisation (Isro) for the manufacturing of space-grade lithium-ion cells of various capacities.

BHEL will utilise technology developed by Isro at its Vikram Sarabhai Space Centre (VSSC), a BHEL statement said.

State-run power equipment maker Bhel today said it has commissioned first unit of 110 MW of the Kishanganga hydro-electric project (HEP) of NHPC in Jammu and Kashmir. Located on the river Kishanganga, a tributary of the Jhelum in Bandipora district, all the three units of the 340 MW project will generate 1,350 million units (MU) of clean electricity annually, a Bhel statement said.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.