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PowerGrid wins the Infra 
Award 2017 by D&B PSU Award

Mr V.K.Khare,  ED (WR –I), Mr Anil Gaikwad GM (HR) and Mr Ajay Holani AGM (CP) of PowerGRid receiving the award from Mr NitinGadkari, Union Minister of Road Transport & Highways; Shipping and Water Resources, River Development & Ganga Rejuvenation, Government of India at a ceremony held in Mumbai

Thesynergyonline Energy Bureau

NEW DELHI, NOVEMBER 06 :
Power Grid Corporation of India (PowerGrid)  has been conferred the Dun & Bradstreet Infra  Award 2017 in the Power Transmission category.

Mr V.K.Khare,  ED (WR –I), Mr Anil Gaikwad GM (HR) and Mr Ajay Holani AGM (CP)received the award from Mr NitinGadkari, Union Minister of Road Transport & Highways; Shipping and Water Resources, River Development & Ganga Rejuvenation, Government of India at a ceremony held in Mumbai. Dun & Bradstreet is the world’s leading provider of business information and knowledge. 

The company’s physical assets as on September 30, 2017 include more than 142,990 ckm of transmission lines, 226 substations with transformation capacity of more than 3,11,100 MVA.
With the use of state-of-the-art maintenance techniques, average Availability during the current year, has been maintained at 99.83% till the second quarter.

PowerGrid Q2 net profit
rises 14% to Rs 2,141 crore

Total income grows by 16% to Rs 7,492 crore


Thesynergyonline Energy Bureau

NEW DELHI, NOVEMBER 03 :
Power Grid Corporation of India Limited (PowerGrid) posted a net profit of Rs 2,141crore for the second quarter of FY 2017-18 (July-September, 2017), an increase of 14 per cent against Rs 1,872 crore reported in the corresponding quarter ended September 30, 2016.

The total income (turnover) for second quarter (July-September, 2017) rose to Rs 7,492crore, up by 16 per cent from Rs 6,480 crore in the corresponding yearago period.

The company's income for first half of financial year FY18 rose to Rs 14,882 crore, an increase of 17 per cent over Rs 12,739 crore reported last year.

On a standalone basis, POWERGRID had registered a net profit of ₹ 7,520 crore on a turnover of Rs 26,581 crore in the FY 2016-17.

In the second quarter (July-September, 2017) of the current financial year i.e. 2017-18, the company added about 2,260ckm of transmission lines; foursubstations and aggregate transformation capacity of ~ 17,500MVA.

Some of the major transmission elements commissioned during the period July-September, 2017 arePole-II of Champa-Kurukshetra HVDC, Pole-III& Pole-IV of NER-Agra HVDC in addition to 765kV D/C Maheshwaram-Nizamabad, 400kV D/C Kishenpur-New Wanpoh, 400kV D/C Lara (NTPC)-Champa (PowerGrid) and 400kV Mauda-Betul&Betul-Khandwa transmission lines.

The substations commissioned during the period areMaheshwaram, Alipurduar HVDC, Alipurduar Pooling Station and Betul.

THe company's physical assets as on September 30, 2017 include more than 142,990ckm of transmission lines, 226substations with transformation capacity of more than 3,11,100 MVA.

With the use of state-of-the-art maintenance techniques, average Availability during the current year, has been maintained at 99.83% till the second quarter.

PowerGrid completes grid project to extend connectivity to Leh-Ladakh


 Thesynergyonline Energy Bureau

NEW DELHI, NOVEMBER 02 : Power Grid Corporation of India (PowerGrid) completes Govt.'s prestigious project extending grid connectivity to Leh-Ladakh region in J&K.

First-time ever in India that any 220kV voltage level substation is built at a high altitude of over 11,500 ft.

Prime Minister had laid the foundation of 220 KV S/C Leh-Khalsti Line section of 220 KV S/C Alustend (Srinagar)-Leh Transmission Line

NEW DELHI, NOVEMBER 02 : Power Grid Corporation of India (PowerGrid) has successfully completed and charged 220 kV S/c Leh-Khalsti Line section of 220 KV S/c Alusteng (Srinagar) - Leh Transmission line, along with 220/66 kVGIS sub-stations at Lehand Khalsti on October 31 , 2017. This is the first time in the country that any 220kV voltage level substation is built at such a high altitude of over 11500 ft.

This is a prestigious project of Govt. of India for extending Grid connectivity to difficult Geographical areas of Leh- Ladhakh Region in Jammu & Kashmir. Foundation of this strategically important project was laid by the Hon'ble Prime Minister in Aug.'14 (12.08.2014).Implementation of Srinagar-Leh Transmission System has been entrusted to Power Grid Corporation of India Limited (PowerGrid).

Commissioning of these elements will facilitate delivery of power from the NimmoBazgo (3x15mw) hydro-electric power stations in Leh/Ladhakh Region, with reliability.
Balance sections of this project, namely Khalsti-Kargil-Drass-Alusteng(Srinagar) section is under progress, which upon completion, will facilitate Transfer of power to Ladakh region, directly from Northern Grid, in all seasons, with reliability.

Secretary (HI) reviews performance of BHEL


 Thesynergyonline Energy Bureau

Performance Review

Secretary, Department of Heavy Industry (DHI), Ministry of Heavy Industries & Public Enterprises, Dr Asha Ram Sihag, appreciating the role of BHEL as the pillar of India’s Heavy Electrical Equipment industry since its inception, the Secretary commended the company on attaining a global installed power generating capacity of 180 GW.
Performance Review

NEW DELHI, OCTOBER 20 :
Secretary, Department of Heavy Industry (DHI), Ministry of Heavy Industries & Public Enterprises, Dr. Asha Ram Sihag reviewed the performance and future readiness of Bharat Heavy Electricals Limited (BHEL) during a visit to the company’s Corporate Office at Siri Fort, New Delhi.
 
Mr Atul Sobti, CMD, BHEL and all Functional Directors on the Board of BHEL welcomed the Secretary. The performance, challenges faced, key initiatives taken and strategies for future readiness of BHEL were reviewed by the Secretary. Other senior officials of BHEL and DHI were also present on the occasion.
 
Dr. Sihag was presented an overview of the performance trends of the company, manufacturing prowess, project execution strengths, diversification plans and initiatives taken for enhancing competitiveness and building R&D capabilities, among others.
 
Appreciating the role of BHEL as the pillar of India’s Heavy Electrical Equipment industry since its inception, the Secretary commended the company on attaining a global installed power generating capacity of 180 GW.
 
The Secretary appreciated the varied business portfolio of BHEL, the range of activities that the company is undertaking and the manner in which the company is addressing the challenges through innovative business propositions, which are all signs of a vibrant organization.
 
Considering the inherent strengths of the company, he advised BHEL to focus on competitiveness, innovation and leveraging digital technologies.  While appreciating the company’s emphasis on diversification, he stressed on the need to stay focused in these initiatives with clear strategies and targets.
 
Dr. Sihag lauded the approach that the company is adopting to create new markets, and suggested building flexibility into the organization itself as a culture.  Mentioning that the country is proud of an organisation like BHEL, he acknowledged that the company’s employees are its true asset. The Secretary assured BHEL of complete support from the Ministry of Heavy Industries & Public Enterprises.

"Do you know the only thing that gives me pleasure? It's to see my dividends coming in."
–John D. Rockefeller

PowerGrid declares total
dividend of Rs 2275.74 crore


 Thesynergyonline Energy Bureau


PowerGrid pays dividend

Mr I SJha, CMD, PowerGrid ,presenting a dividened cheque to the Union Minister of State(IC) for Power and New& Renewable Energy, Mr R.K.Singh , in the presence of Mr Ajay Kumar Bhalla, Secretary (Power), Government of India , senior officials of Ministry of Power and PowerGrid board members

NEW DELHI, OCTOBER 23 :
Power Grid Corporation of India Ltd. (PowerGrid), the Navratna PSU, has declared final dividend of Rs 1752.59 crorein addition to Rs 523.15 crore of interim dividend for the financial year 2016-17 i.e. aggregating to Rs 2275.74 crore.

A cheque for Rs 980.73 crore towards final dividend for the year 2016-17 was handed over by Mr I.S.Jha, CMD, PowerGrid to the Union Minister of State(IC)for Powerand New& Renewable Energy, Mr R.K.Singh , on October 12 , 2017 in the presence of Mr Ajay Kumar Bhalla, Secretary (Power), Government of India , senior officials of Ministry of Power and PowerGrid board members.

In addition to this an interim dividend of Rs 292.76 crore was earlier paid to the Ministry of Power for the year 2016-17.

The total dividend for Rs 2275.74 crore declared by PowerGrid is 43.50 per cent of paid-up share capital which is as against last year's total dividend of Rs 1208.50 crore, i.e, 23.10 per cent of paid-up share capital.

The dividend amount of Rs 2275.74 crore is approximately 30.26 percent of the profit after tax (PAT) of Rs 7520.15 crore. PpwerGrid has been consistently paying dividend since financial year 1993-94.


PowerGrid has registered a net profit of Rs 7520.15 crore over a total income ofRs 26581.46 crore in the FY 2016-17, registering a growth of 26.42 per cent in net profit and 25.13 per cent in total income as compared to FY 2015-16.

Encouragingly, once again the Central Transmission Utility (CTU) has been recognized as the Best Companies to Work for - 2017 in the Great Place to Work study which is one of the largest studies around the globe having coverage of almost 800+ organizations in India.
The company has improved its ranking to 31 as compared to 58 in 2016. It emerged as the second PSU in this Great Place to Work study.

This is a great recognition to team PowerGrid for consistently producing exceptional values for all of its stakeholders with a notable result centric and employee friendly work culture.


BHEL bags 6 national safety awards

Thesynergyonline Energy Bureau

NEW DELHI, OCTOBER 06 :

Among a host of public and private sector companies in the country, six 'National Safety Awards' have been won by Bharat Heavy Electricals Limited (BHEL) for outstanding achievements in terms of the longest accident free period and lowest accident frequency rate at their works.

The awards were received by Mr Atul Sobti, Chairman & Managing Director, BHEL from Mr Santosh Kumar Gangwar, Union Minister of State, Labour & Employment (Independent Charge), at a function in New Delhi.

 

BHEL pays 79% dividend for fiscal 2016-17


Thesynergyonline Energy Bureau

 

Mr Anant G. Geete, Union Minister of Heavy Industries and Public Enterprises receiving a dividend cheque presented by Mr Atul Sobti, Chairman and Managing Director, BHEL.

 

NEW DELHI, OCTOBER 05 :
Bharat Heavy Electricals Limited (BHEL) has paid a final equity dividend of 39 per cent for fiscal 2016-17. With this, the total dividend paid during the year stands at 79 per cent, including an interim dividend of 40 per cent, paid earlier.

A cheque for Rs 120.39 crore towards the final dividend for the year 2016-17 on the equity (63.06 per cent) held by the Government of India, was presented to Mr Anant G. Geete, Union Minister of Heavy Industries and Public Enterprises by Mr Atul Sobti, Chairman and Managing Director, BHEL
BHEL statement  


A cheque for Rs 120.39 crore towards the final dividend for the year 2016-17 on the equity (63.06 per cent) held by the Government of India, was presented here to Mr Anant G. Geete, Union Minister of Heavy Industries and Public Enterprises by Mr Atul Sobti, Chairman and Managing Director, BHEL.

Directors on the board of BHEL as well as other senior officials of the Ministry of Heavy Industries & Public Enterprises and BHEL were also present on this occasion.

Significantly, not only is this four times the dividend paid in the previous year but also the highest dividend to be paid by the company in the last three years. In value terms, the total dividend for fiscal 2016-17 amounts to Rs.386.72 crore. With this, the company has maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly for four decades without a break.

PowerGrid enters term loan
facility with ICICI Bank


 Thesynergyonline Energy Bureau


NEW DELHI, SEPTEMBER 29 :
Power Grid Corporation of India Limited (PowerGRid) has entered into a term loan facility agreement for Rs.3270 crore with ICICI Bank .

The central transmission utility (CTU) has an ambitious investment plan and has budgeted Capital expenditure (CAPEX) including investment in joint venture and subsidiaries of more than Rs.25000 crore during the current financial year 2017-18.

In the current fiscal the company  has mobilized Rs.6130 crore through issue of bonds under private placement, term loans from domestic commercial banks and has also entered into two long term Loan agreements with Asian Development Bank (ADB) for US$725 Million for financing capacity expansion.

Major transmission lines under execution by PowerGrid  are HVDC Bipole link between Western Region and Southern Region (Raigarh-Pugalur 6000MW HVDC System), POWERGRID Southern Interconnector Transmission System, Green energy Corridor ISTS and POWERGRID WaroraTransmission System.

"Neatness and cleanliness is not a function of how rich or poor you are but that of mentality and principle."
― Ikechukwu Izuakor, Great Reflections on Success

Minister administers Swachhta pledge to school children


 Thesynergyonline Energy Bureau

Union Minister of State (IC) Power and New & Renewable Energy Mr R K Singh participating in 'Swachhta Hi Sewa' Campaign at the PowerGrid Complex at Manesar and school and village around.

NEW DELHI, SEPTEMBER 19:
The 17th of September had been called upon to be celebrated as 'SewaDiwas' by undertaking voluntary work (shramdaan) as part of 'Swachhata Hi Sewa' campaign.
"Let everyone sweep in front of his own door, and the whole world will be clean."
Johann Wolfgang von Goethe  

The Union MoS (IC) for Power and New & Renewable Energy, Mr R K Singh visited the PowerGrid Complex at Manesar and school and village around.

The Minister accompanied by the MLA Mrs Bimla Chaudhary, Secretary (Power) Mr A.K. Bhalla, CMD PowerGrid Mr I.S. Jha, Jt. Secretary (Transmission) Mrs. Bharati, Dy. Commissioner (Gurgaon), Mr V. P. Singh and other officials from MoP, PowerGrid along with villagers offered shramdaan in the Kukrolla village and Govt. Sr. Secondary School, Pachgaon, Manesar.

The Minister administered Swachhta pledge to the school children and village community and appealed to them to make it a part of their habit and life to keep their surroundings neat and clean.

>He also laid the foundation for construction of Community toilets and also planted trees for a cleaner environment. Committing to development of proper drainage system in the village, he also promised for installation of high mast lights, solar street lights and construction of a community centre.

BHEL commissions 30mw hydel power project in Mizoram

The greenfield project is being set up by the North Eastern Electric Power Corporation Limited (NEEPCO) on the river Tuirial.


 Thesynergyonline Energy Bureau


NEW DELHI, AUGUST 29:
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the first unit of 2x30 MW Tuirial Hydro Electric Project (HEP) in Mizoram. Significantly, this is the first large-rating hydro power project in the state of Mizoram.

 Located in Kolasib district of Mizoram the greenfield project is being set up by the North Eastern Electric Power Corporation Limited (NEEPCO) on the river Tuirial. The second unit of the project is also in advanced stages of execution. Power generation from Tuirial HEP will result in reduction of green house gas emissions and will contribute towards achieving a low carbon development path for the nation.
 
The order for the Electrical & Mechanical (E&M) package of two units of 30mw each, placed on BHEL by NEEPCO, envisaged design, manufacture, supply, installation and commissioning of the complete E&M package including vertical shaft Francis Turbines & matching Generators. The equipment has been supplied by BHEL units at Bhopal, Jhansi, Rudrapur and Bengaluru and the execution of work on site has been carried out by the company’s Power Sector Eastern Region.

The entire installed hydro capacity of NEEPCO of 755 me has been supplied and commissioned by BHEL. The other hydro project of NEEPCO currently under execution by BHEL is the 4x150 MW Kameng HEP in Arunachal Pradesh. Some of the major hydro projects commissioned for NEEPCO by BHEL are the 3x135 MW Rangandi HEP in Arunachal Pradesh and 4x50mw Kopili HEP in Assam.BHEL statement

BHEL has always been at the forefront in going to difficult terrains and setting up power projects. In the North Eastern states, BHEL has installed around 3,100 MW of power generating capacity, accounting  for more than 75% of the total installed capacity in the region. This includes the 726 MW gas-based Palatana power project in Tripura, equipped with advanced class gas turbine and 2 units of 250 MW coal-based sets at Bongaigaon in Assam.


BHEL is presently executing around 6,000mw of hydroelectric Projects – about half of which are outside India. BHEL’s global footprint in hydropower is spread across more than 500 sets, at over 180 different power projects, totaling to 29 GW, including several sets in the most challenging terrains – the Himalayas and Central Asia. BHEL’s hydro plants are successfully and efficiently performing in India and across the world, including Afghanistan, Azerbaijan, Bhutan, Malaysia, Nepal, New Zealand, Rwanda, Taiwan, Tajikistan, Thailand and Vietnam.

BHEL reports Rs Rs 5,607- crore turnover


Announces 1:2 bonus share
 


Thesynergyonline Energy Bureau


NEW DELHI, AUGUST 10 :
Maintaining the positive trend of FY 2016-17 Bharat Heavy Electricals Limited (BHEL) has reported a growth in profitability, continuing the momentum.

For the standalone first quarter of FY 2017-18 the company reported a turnover of Rs. 5,607 Crore almost similar to the corresponding figure of the last year and a profit before tax (PAT) of Rs 108 Crore, registering a significant growth of 12 per cent asagainst the corresponding quarter in the year before.

"The company is enhancing its focus on diversifying in the non-thermal power segment and other new areas, while maintaining its leadership status in the power sector."Atul Sobti, BHEL CMD


Significantly, at its meeting held on 10 August 2017 the board of directors of the company has recommended the issue of bonus shares in the ratio of 1 bonus share of Rs 2 against 2 (1:2) existing equity shares of Rs. 2, subject to approval of shareholders.

Maintaining the growth momentum has been made possible by a slew of strategic initiatives and cost optimisation measures put in place by the management.

As part of this, focus is on creating new verticals within the company to capitalize on the massive infrastructure spending by the Govt. of India, with a special focus on Indian Railways, defence and other industrial products to drive the next wave of growth. BHEL has also been focusing on sustainable energy development by offering EPC solutions in solar and an environment-friendly supercritical technology in the thermal sector.

The company has an outstanding order book position of Rs. 1,01,380 Crore at the end of third quarter of this fiscal.

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