PMLA -Bail application can be dismissed as petitioner failed to satisfy conditions for grant of bail : HC (See 'Legal Desk') ACC delivers lifetime highest annualised PAT (See 'Corp Brief') SEBI Act - Appellants have failed to substantiate their claim of financial distress nor have they brought any new fact or circumstances requiring grant of interim relief : SAT (See 'Legal Desk') Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC (See 'Legal Desk') SJVN inaugurates First Multi-purpose Green Hydrogen Pilot Project (See 'Corp Brief') IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC (See 'Legal Desk') REC to extend loan of Rs 1869 Cr for Kiru Hydro Electric Project (See 'Corp Brief') IBC - Corporate Insolvency Resolution Process can be initiated for failure to repay debt due and payable : NCLT (See 'Legal Desk') CCO declares grading of coal and lignite mines (See 'Corp Brief') SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC (See 'Legal Desk') PM addresses Conference on Disaster Resilient Infrastructure (See 'Corp Brief') SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'Legal Desk') CCI okays subscription to debentures of Napino Auto by IFC (See 'Corp Brief') Constitution of India - Writ jurisdiction of Court cannot be used by party for collecting evidence and documents against another party, against whom petitioner has pending disputes : HC (See 'Legal Desk') World Energy Congress 2024: Power Secy, Ambassador to Netherlands inaugurate India Pavilion (See 'Corp Brief') PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC (See 'Legal Desk') Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI (See 'Legal Desk') CSIR implements new in-house 'Accounts Manager Software' for financial management (See 'Corp Brief') PMLA - Applicant is not entitled for grant of anticipatory bail u/s 45 of PMLA as Court does not find any reasonable ground to believe that applicant is not guilty of crime : HC (See 'Legal Desk') SARFAESI Act - Petition has been filed to overreach recovery proceedings, wherein Petitioners have been found to be liable to pay certain amount so as to circumvent provisions of statutory appeal : HC (See 'Legal Desk') IREDA reports All-Time High Annual Net Profit, NPAs below 1% (See 'Corp Brief') SARFAESI Act - District Magistrate is under statutory obligation to decide application u/s 14 of the SARFAESI Act within thirty days : HC (See 'Legal Desk') IBC - Wilful defaulter proceeding cannot be relatable to recovery of debt but is merely an off-shoot of debt : HC (See 'Legal Desk') Competition Act - Since it is agreement between enterprise and end consumer, same is not covered within ambit of Section 3(4) of Act: CCI (See 'Legal Desk') Govt announces election of 11 members Veterinary Council of India (See 'Corp Brief') Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA (See 'Legal Desk') PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC (See 'Legal Desk') IBC - There is no scope of interference in writ petition since there is no arbitrariness, mala fides or palpably illegality in impugned order : HC (See 'Legal Desk')

BHEL bags Rs 1600 cr equipment order; to supply Turbine Generator for Khurja power plant

Published: Oct 09, 2019

By TIOLCORPLAWS News Service

NEW DELHI, OCT 09, 2019: Bharat Heavy Electricals Limited (BHEL) has bagged a significant order for the Turbine Generator (TG) and associated packages for the greenfield 2x660 MW Khurja Super Thermal Power Project in Bulandshahr district of Uttar Pradesh amidst stiff international competitive bidding (ICB).

Valued at around Rs.1,600 Crore, the order has been placed on BHEL by THDC India Ltd., a Joint Venture of the Govt. of India and the Govt. of Uttar Pradesh. BHEL's scope of work in the contract includes design, engineering, manufacture, supply, erection, testing and commissioning of the TG and associated packages for the 2x660 MW Khurja supercritical power project.

Significantly, BHEL envisages indigenous manufacturing and sourcing of both the Turbine-Generator sets for this project, thereby providing impetus to the Govt. of India's ‘Make in India' initiative.

BHEL has been a major partner in the power development programme of Uttar Pradesh. Significantly, BHEL has contributed around 74% of the state's coal-based power generation capacity, aggregating to approximately 17,000 MW.

The key equipment for the project will be manufactured at BHEL's Haridwar, Bhopal, Hyderabad, Jhansi, Trichy, Thirumayam and Bengaluru plants. The complete system engineering of the package will be carried out by the company's Project Engineering Management (PEM) division and the construction and installation activities on-site will be carried out by the company's Power Sector - Northern Region division, Noida, UP.

BHEL is the leading power equipment manufacturer with 58 sets of supercritical boilers and 53 sets of supercritical steam turbine generators ordered on it so far, by various customers in the domestic as well as overseas markets.

The company is India's largest manufacturer of power generation equipment with an installed base of over 1,85,000 MW of power plant equipment globally. In the supercritical segment, BHEL has successfully manufactured and executed 660 MW, 700 MW and 800 MW sets, thereby demonstrating its leadership status and technological prowess.

TIOL CORP SEARCH

TIOL GROUP WEBSITES