BHEL has bagged a `4,071-crore contract for a 1,200-MW thermal power project in Andhra Pradesh.
The order has been placed on the state-owned equipment major by Singareni Collieries Company Ltd (SCCL), the company said in a statement.
BHEL will set up the 2x600 MW unit for SCCL’s upcoming super thermal power project at Adilabad.
The scope of work under the contract entails design, engineering, manufacture, supply, testing and commissioning of steam turbines, generators and boilers, along with controls and instrumentation (C&I) and auxiliaries, including the associated civil work.
Amid stiff competition, BHEL has raised concerns that the availability of cheaper Chinese funds for power projects could adversely impact the state-run company's business. The power equipment major is facing intense competition from private players, including Chinese entities such as Shanghai Electric, which are getting active in the fast-growing Indian power sector.
“If Chinese competitors continue to have access to cheaper financing, it could result in an increase in orders placed with Chinese manufacturers and a loss of new orders for domestic equipment manufacturers, including us,” according to BHEL’s draft document for disinvestment of the government's 5% stake in the company.
In recent times, Indian entities have been able to raise funds from Chinese banks at a lower cost for their power projects while placing orders with equipment makers from China. Last month, the Reserve Bank of India allowed Indian companies operating in the infrastructure space to avail External Commercial Borrowings in the Chinese currency, the Renminbi.
BP Rao, CMD, BHEL receiving the Forbes India Leadership Award in the Best CEO category from Veerappa Moily, Union Minister for Corporate Affairs
NTPC awarded for Excellence in HR
NTPC Limited received the recognition ‘significant achievement in HR excellence’ at prestigious CII National HR Excellence Award-2011. The certificate of commendation was received by Saptarshi Roy, Executive Director (HR), NTPC from Dr Ashwani Kumar, Minister of State for Planning, Science and Technology and Earth Sciences at 2nd National HR Conclave 2011 held in Delhi. S Jai Shankar, GM (HR), was also present on the occasion. 39 companies participated in the process.
The order has been placed on the state-owned equipment major by Singareni Collieries Company Ltd (SCCL), the company said in a statement.
BHEL will set up the 2x600 MW unit for SCCL’s upcoming super thermal power project at Adilabad.
The scope of work under the contract entails design, engineering, manufacture, supply, testing and commissioning of steam turbines, generators and boilers, along with controls and instrumentation (C&I) and auxiliaries, including the associated civil work.
Amid stiff competition, BHEL has raised concerns that the availability of cheaper Chinese funds for power projects could adversely impact the state-run company's business. The power equipment major is facing intense competition from private players, including Chinese entities such as Shanghai Electric, which are getting active in the fast-growing Indian power sector.
“If Chinese competitors continue to have access to cheaper financing, it could result in an increase in orders placed with Chinese manufacturers and a loss of new orders for domestic equipment manufacturers, including us,” according to BHEL’s draft document for disinvestment of the government's 5% stake in the company.
In recent times, Indian entities have been able to raise funds from Chinese banks at a lower cost for their power projects while placing orders with equipment makers from China. Last month, the Reserve Bank of India allowed Indian companies operating in the infrastructure space to avail External Commercial Borrowings in the Chinese currency, the Renminbi.
BP Rao, CMD, BHEL receiving the Forbes India Leadership Award in the Best CEO category from Veerappa Moily, Union Minister for Corporate Affairs
NTPC awarded for Excellence in HR
NTPC Limited received the recognition ‘significant achievement in HR excellence’ at prestigious CII National HR Excellence Award-2011. The certificate of commendation was received by Saptarshi Roy, Executive Director (HR), NTPC from Dr Ashwani Kumar, Minister of State for Planning, Science and Technology and Earth Sciences at 2nd National HR Conclave 2011 held in Delhi. S Jai Shankar, GM (HR), was also present on the occasion. 39 companies participated in the process.
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