Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Tuesday, August 23, 2016

Bharat Heavy Electricals Ltd
CMP: Rs.139
Photo: The Economic Times
State-run Bharat Heavy Electricals (Bhel) is an integrated power plant equipment manufacturer. It is one of the largest engineering and manufacturing companies in India engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for core sectors of the economy, viz. power, transmission, industry, railways, renewable energy, oil & gas, water and defence. The Government of India currently holds 63.06% stake in the company as per the shareholding pattern as on 30 June 2016.

Bharat Heavy Electricals (Bhel) last month, successfully commissioned the third unit of the 160 megawatts (MW) Teesta Low Dam Hydro Electric Project (HEP) Stage-IV in West Bengal. The greenfield project located in Darjeeling district of West Bengal, Teesta HEP is being set up by National Hydroelectric Power Corporation (NHPC), on the River Teesta. The fourth and final unit of the project is also in advanced stages of execution. The order for electrical & mechanical (E&M) works for four units of 40 MW each was placed on Bhel by NHPC.

BHEL is presently executing hydro electric projects of around 3,300 MW in the country which are under various stage of implementation. Other projects of NHPC currently under execution by BHEL are the 800 MW Parbati HEP Stage – II and 330 MW Kishanganga HEP. In West Bengal, Bhel is also executing the 120 MW Rammam Stage-III hydro-electric project of NTPC. Significantly, more than 500 hydro generating sets with a cumulative capacity of more than 29,000 MW of various ratings have been contracted on Bhel in India and abroad. Of this, equipment for about 5,700 MW generating capacity has been contracted outside India.

Key Statistics:
(i) Face Value of the shares: Rs.2
(ii) Book Value of the shares: Rs.136.10
(iii) Enterprise Value/Revenue (ttm): 0.94
(iv) Total Debt (mrq): Rs.1.67 billion (Rs.167 Cr)
(v) Total Cash Per Share (mrq): Rs.42.20
(vi) Total Cash (mrq): 103.29 billion (Rs.10329 Cr)

BHEL shares slumped nearly 4% on Tuesday amid speculation that the state-run power equipment manufacturer may lose a major power plant order from state-run utility NTPC. According to Macquarie, NTPC is re-visiting its tender for four power plants of 1000MW capacity each for its Pudimadaka ultra mega power project. The tender was earlier awarded to BHEL. However, what is interesting to note is that the the order accounts for ONLY around 4% of BHEL's total order book, said Macquarie - - therefore, if at all such event takes place, its effect will be minimal.

The R&D department of BHEL-HPVP is currently engaged in indigenous development of four new types of compact heat exchangers for the Mk2 version of the Tejas aircraft. Indian Navy is also planning to order another 40 sets of Tejas heat exchangers in the coming years.

The country’s nuclear power programmes and the revised emission norms for coal-based thermal power plants offered considerable business opportunity for Bharat Heavy Electricals Limited. BHEL Corporation had achieved a record project execution during the previous fiscal despite the slowdown in the power sector and maintained its leadership with 74% market share.

The Welding Research Institute has won Skoch BSE award for technology development and has also won National Safety Award along with Seamless Steel Tube Plant and Fossil Fuel Development Complex. Buy the shares of BHEL at the CMP of Rs.139, for short term targets of Rs.143 - 147. 

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