BHEL pins hope on bullet train to get back on track
Posted on 15th September 2017 |
.jpg) |
| For Bharat Heavy Electricals Ltd (BHEL), the joint venture with Japan’s Kawasaki Heavy Industries (KHI) may well turn out to be a relief considering the recent drop in order inflows for the company. According to its annual report, BHEL got orders worth only Rs 23,489 crore in 2016-17, a 46 per cent drop from Rs 43,727 crore in 2015-16. The company’s order book outstanding at the end of the last financial year stood at Rs 1,05,200 crore, down from Rs 1,10,730 crore in the year-ago period. Even new orders for the first quarter of the current financial year dropped 41 per cent to Rs 1,800 crore. The bullet train order may turn vital considering that the orders from power sector have dropped from Rs 38,529 crore in 2015-16 to Rs 7,261 crore in 2016-17. The latest announcement along with the visit of Japanese Prime Minister Shinzo Abe may lead to a change in the business strategy of BHEL as a transportation solutions provider. This comes close on the heels of the company winning its largest export order worth Rs 10,000 crore for setting up the 2x660 MW Maitree Thermal Power Plant (TPP) in Bangladesh. According to reports, the company plans to manufacture specialised aluminium coaches at its Jhansi or Bhopal facility for the Ahmedabad-Mumbai bullet train. The construction of this line was launched by Prime Minister Narendra Modi and Abe on Thursday. The company also wants to capitalise on Modi’s plan to get the metro rail in 50 cities. |
|
|
|
|
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
.jpg) |
Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
|
|
Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
.jpg) |
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
|
|
LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
.jpg) |
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
|
|
Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
.jpg) |
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
|
|
World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
.jpg) |
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
|
|
|
|
| Be the first person to write a business review for BHEL pins hope on bullet train to get back on track |
|
|
|
