Bharat Heavy Electricals on Thursday said its in-house research and development efforts have contributed Rs 2,936 crore to the total turnover of the public sector company.
Nearly 14 per cent of the total turnover of Rs 21,608 crore has been achieved through the products and systems developed by in-house research and development (R&D) efforts, a company release said.
Bhel invested over Rs 464 crore on R&D efforts in 2007-08, 83 per cent more than the previous year.
The company filed 175 patents and copyrights during the year. It has developed a new variant of 500 MW steam turbine to improve efficiency and save coal consumption by around 8,200 tons annually, the release said.
The company recorded a net profit of Rs 2,815 crore in 2007-08, a 16.6 per cent rise from the previous year.
The company doubled its investment on augmentation of manufacturing capacity and modernization of facilities to Rs 726 crore during 2007-08, against Rs 362 crore in 2006-07.
BHEL plans to invest Rs 4,200 crore in the 11th-Plan period. The amount would be utilised towards enhancing production of thermal, gas, hydro and nuclear sets, it said.
Besides, the company seeks to produce high rated nuclear sets, 765kV transformers and other equipments.
Source:
http://economictimes.indiatimes.com/News_by_Industry/BHEL_records_Rs_2936_cr_turnover/articleshow/3043717.cms
Friday, May 16, 2008
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