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.
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.
The army, air force and navy will all benefit from the defence ministry's approval of 'Make in India' equipment.
Amid the debate on creating another state-owned power equipment manufacturing company, Bharat Heavy Electricals Ltd dubbed the idea as 'ironic' on Friday.
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.
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.
Bharat Heavy Electricals Ltd on Monday said it has achieved its biggest ever breakthrough in overseas markets with a turnkey contract worth $457 million for setting up a 500 MW steam power plant in Sudan.
The Union Cabinet on Thursday deferred a decision on selling equity in two public sector undertakings BHEL and Maruti.
The government will offload a portion of its equity in Bharat Heavy Electricals Ltd and Maruti Udyog in the market by the end of this fiscal to mop up over Rs 2000 crore (Rs 20 billion).
Police suspect the killing to be the handiwork of persons known to the couple, both in their late fifties.
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
BHEL's first gas turbine in Libya commissioned
Completed projects saw an improvement of 29.2 per cent over the June quarter, which is valued at Rs 0.31 trillion.
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.
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.
The government has decided to sell 10 per cent equity in Bharat Heavy Electricals Ltd and 7.5 per cent shares in Maruti Udyog Ltd next fiscal to raise close to Rs 2,500 crore.
The state-owned National Thermal Power Corporation on Thursday said it is considering setting up a 300 MW power plant in Sri Lanka.
In the past 10 trading sessions, shares of the state-owned company have shot up more than 50 per cent.
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.
Over 54,000 public sector employees opted for voluntary retirement scheme in 2001-02, Rajya Sabha was informed on Monday.
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.
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