Bangalore-based Bharat Heavy Electricals Limited has reported a record turnover of Rs 2116 crore for 2008-09, up by 17 per cent over rs 1812 crore in the previous fiscal, a top company official said.
The Profit before Tax stood at Rs 506 crore, registering a 14 per cent growth compared to Rs 443 crore in 2007-08, G Ganapathiraman, Executive Director (EDN & ESG) BHEL told reporters announcing the results for 2008-09 here today.
The export turnover however dropped to Rs 530 crore from Rs 561 crore in 2007-08 "due to drop in physical exports", Ganapathiraman said.
BHEL, he said, improved its order book position by receiving orders worth Rs 2931 crore "despite stiff competition from global players". With this the Outstanding Order book at the end of the year reached Rs 5,700 crore from the three divisions comprising Electronics Division (ED), Industrial Systems Group (ISG)and Ceramic Business Unit (CBU).
BHEL also manufactured and supplied over 3900 Control Systems Cubicles for various projects during the year.
Some major orders from the power sector included those for KPCL Bellary 500 MW unit and for Karnataka Power Corporation Limited (KPCL) Raichur.
BHEL plans to augment its production capacity from 10,000 MW to 15,000 MW by 2009-10 with an investment of Rs 100 crore and to 20,000 mw by 2011-12, he said.
ref:
http://economictimes.indiatimes.com/News/News-By-Company/Earnings/BHEL-reports-record-turnover-of-Rs-2116-crore-up-17-per-cent/articleshow/4359559.cms
Sunday, April 5, 2009
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