BHEL FY09 First Quarter Performance at FinGad.com

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Categorie: Equities
Submitted about 1 month ago by

Narasimhan , Owner at Krish Systems

In the back drop of Congress dominated UPA winning the trust vote and proceeding with Nuclear Deal Power sector is expected to receive more funds and attention. Long term investors may well add to their portfolio a quality stock like BHEL to benefit from this run.Bharat Heavy Electronics Limited (BHEL) one of leading Navaratna companies of India was founded in the year 1956. It is a public sector company engaged in the engineering and manufacturing businesses. The company installed its first plant in the year 1956 at Bhopal, then in 1960’s the company launched another three units at Haridwar, Hyderabad and Thiruchirapalli to accelerate its production level. The company offers a wide gamut of services ranging from project feasibility studies to after sales service. The company operates in three segments namely Power, Industry and International operations. It manufactures and supplies more than 180 products and it includes turbines, power plants, Boilers, Switch gears, Transformers, insulators etc. It owns and operates R&D centre at Hyderabad with cutting edged technologies. It recently announced that it is planning to pump more than Rs.500 crore for R&D in this fiscal. BHEL is certified ISO 9001-2000 for quality management, ISO 14001 for environmental management systems and OHSAS-18001 for safety management for all its manufacturing units and offices. The company has a wide domestic network with 14 manufacturing plants, four power sector regions eight s... More...

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#1 | Liz @ about 1 month ago User Rank : 662 Portfoilo Balance: $216,918.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Investors also should know that Anil Ambani's Reliance Power, Nuclear Power Corporation of India (NPCIL) and Bharat Heavy Electricals 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. As this is a big plan i believe it will bring good revenue to the company.

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