A stalemate continued over the BHEL disinvestment issue with Left parties ruling out any dilution of their opposition to it, after their meeting with United Progressive Alliance chairperson Sonia Gandhi.
Ten Indian companies led by the likes of state-run Bharat Heavy Electricals, telecom major Bharti Airtel and Mukesh Ambani-led Reliance Industries have made their way into the Forbes' list of 50 best listed companies in the Asia-Pacific region.
Bharat Heavy Electricals Ltd is 'overburdened' and more equipment manufacturing companies are needed to achieve the 11th Plan target of adding 66,000 MW of fresh generation capacity, a top government official said on Monday.
Indian companies led by Anil Ambani's Reliance Power (RPower), Nuclear Power Corporation of India (NPCIL) and Bharat Heavy Electricals (BHEL) plan to invest over Rs 100,000 crore in the next five years to expand their presence in the nuclear energy sector after the country signs the nuclear agreement with the US, paving the way for import of fuel and transfer of technology.
BHEL officials had inspected the site in Singur earlier this month where the state government proposed to set up a 1600 MW mega power plant as a joint venture. Railway minister Mamata Banerjee had last week said the Railways would set up a rail coach factory in the site jointly with the state government or under a PPP model.
Thirty stocks from various sectors form the Sensex.
The companies that have seen sharp erosion of market wealth include YES Bank, Indiabulls Housing Finance, Zee Entertainment, Vodafone Idea, and Bharat Heavy Electricals.
Bharat Heavy Electricals Ltd, the country's largest power equipment manufacturer, is hopeful of getting orders worth Rs 55,000 crore within the financial year ending March 2010.
IIT-Madras on Monday signed an agreement with Bharat Heavy Electricals Ltd for joint research in design of boilers and other engineering areas, even as it said its Rs 100-crore (Rs 1 billion) Research Park would be ready by February 2007.
Abandoning its attempts to push politicians on the board of Navratna companies as independent directors, the government has nominated four experts to the board of Bharat Heavy Electricals Ltd.
Police suspect the killing to be the handiwork of persons known to the couple, both in their late fifties.
The Congress party on Sunday expressed confidence in finding a way to address the Left parties' anger against the government's decision to disinvest in Bharat Heavy Eelectricals Ltd.
The Union Cabinet on Thursday deferred a decision on selling equity in two public sector undertakings BHEL and Maruti.
Amid the debate on creating another state-owned power equipment manufacturing company, Bharat Heavy Electricals Ltd dubbed the idea as 'ironic' on Friday.
The ongoing war in Iraq has taken a toll on business of power equipment supplier Bharat Heavy Electricals with its shipments worth Rs 134 crore (Rs 1.34 billion) stranded at various ports.
BHEL had set a target to add 20,000 people in the current Five-Year Plan (2007-12), of which over half have already been enrolled.
'Bharat Small Reactors are essentially similar to the existing 220 MWe Pressurised Heavy Water Reactors. The existing regulations are applicable for BSRs.'
BHEL, which posted a 70 per cent jump in net profit at Rs 1,621 crore (Rs 16.21 billion) over a record turnover of Rs 14,410 crore (Rs 144.10 billion), would appoint consultants on a case-by-case basis for acquisitions.\n\n
In a major commercial deal, Bharat Heavy Electricals Ltd has bagged five major contracts worth over Rs 2,700 crore from India's largest power utility National Thermal Power Corporation.
'The aim is also to probe how the ministry and testing agencies made negligence in examining these OEMs, so that such negligence is avoided in the future.'
Going ahead with the sale of part of its equity in Bharat Heavy Electricals Ltd despite opposition from the Left, the UPA government has invited expression of interest from investment bankers for the divestment.
Bharat Heavy Electricals Limited (Bhel) expects exports to constitute 15 per cent of its turnover for 2007, company chairman and managing director T G Ramachandran said Monday.
The Indian government has come out with a nice name for its tried and tested 220MW pressurised heavy water reactor -- Bharat Small Reactor.
Public sector Bharat Heavy Electricals Ltd on Tuesday revised upwards its net profit for fiscal 2003-04 at Rs 635.50 crore (Rs 6.35 billion) as against Rs 444.51 crore (Rs 4.44 billion) in the previous fiscal.
'Every Indian should move to an EV, and the government should not buy any fossil fuel cars. The government should become the first driver of EV adoption.'
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