BHEL Ranipet eyes INR 2,000 crore turnover in 2008-09

Bharat Heavy Electricals Limited’s Ranipet unit has projected a turnover of INR 2,000 crore during the current financial year 2008-09.

Mr AV Krishnan GM in charge of the boiler auxiliary’s plant of BHEL said that it had been logging 30% growth and was targeting a profit before tax of INR 300 crore in 2008. The Ranipet unit has undertaken an INR 117.42 crore modernizations and expansion, which would be completed by December 2009.

Mr Krishnan said that Ranipet’s operations reported an all time high turnover of INR 1,415.25 crore in the year 2007-08 up by 13% YoY, while profit before tax was at INR 208.14 crore. The order book stood at INR 4,658 crore, which includes orders worth INR 2,939 crore bagged during the year.

Post modernization, BHEL’s installed capacity would increase to 15,000 MW from 10,000 MW now. It currently has about 300 sub contractors.


source:
http://steelguru.com/news/index/2008/04/11/NDE3Mjg%3D/BHEL_Ranipet_eyes_INR_2%25252C000_crore_turnover_in_2008-09.html