Bharat Heavy Electricals announced that Subodh Gupta has been appointed as Director (Finance) on the Board of BHEL w.e.f. 18 April 2018 for a period of five years or till the date of his superannuation, or until further orders, whichever is the earliest.

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Bharat Heavy Electricals announced that the company has received a communicated dated 17 April 2018 from the Department of Heavy Industry, Ministry of Heavy Industries & Public Enterprises. informing that the Competent Authority has approved the appointment of Subodh Gupta as Director (Finance). BHEL for a period of five years from the date of his assumption of charge of the post or till the date of his superannuation or until further orders. whichever is the earliest.

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Bharat Heavy Electricals has secured an order for the renovation and modernisation of Electrostatic Percipitators (EPS) at Ramagundam Super Thermal Power Station.

Valued at Rs.137 Crore, the turnkey order envisages carrying out R&M of ESPs of three units of 200 MW each at Ramagundam STPS, Stage-I (3x200 MW) of NTPC. These ESPs have been in operation for more than 25 years.

Renovation and modernisation of these ESPs will not only facilitate theoperation of these units for many more years, but will also enable these units to meet the revised emission norms for suspended particulate matter (SPM), notified by the Ministry of Environment, Forest and Climate Change (MOEF & CC) in December, 2015.

BHEL's scope of work in the contract includes design, engineering,manufacture, supply, dismantling, erection, testing and commissioning of the ESPs to bring down the SPM emission within the stipulated levels.

Major equipment for the project will be supplied by BHEL's units located atRanipet and Bhopal. The execution of the contract on site will also beundertaken by the company's Ranipet unit.

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The announcement was made after market hours yesterday, 4 April 2018.

Meanwhile, the S&P BSE Sensex was up 458.88 points, or 1.39% to 33,477.95.

On the BSE, 1.80 lakh shares were traded in the counter so far compared with average daily volumes of 4.86 lakh shares in the past two weeks. The stock had hit a high of Rs 87.15 and a low of Rs 86 so far during the day. The stock hit a 52-week high of Rs 121.83 on 25 April 2017. The stock hit a 52-week low of Rs 79.50 on 23 March 2018.

With the commissioning of the third 110 megawatts (MW) hydro generating unit, Bharat Heavy Electricals (BHEL) has successfully commissioned the 330 MW Kishanganga hydro-electric project (HEP) in Jammu & Kashmir (J&K). The first and second units of the project were also recently commissioned in March 2018. Notably, all the three units of Kishanganga HEP have been commissioned within a short span of 18 days.

Being developed by NHPC, the project is located on the river Kishanganga, a tributary of the river Jhelum, in Bandipora district of J&K. The 3x110 MW Kishanganga HEP will be able to generate 1,350 Million Units (MU) of clean electricity annually, facilitating reduction of greenhouse emissions.

Net profit of Bhel rose 63.77% to Rs 153.19 crore on 5.04% rise in net sales to Rs 6494.44 crore in Q3 December 2017 over Q3 December 2016.

Bhel is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing companies of its kind in India.

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