Bhel eyes 33% rise in Hyderabad unit turnover

Bharat Heavy Electricals’ (Bhel) unit in Ramachandrapuram near Hyderabad is targeting a 33% rise in turnover to Rs 6,651 crore in the current financial year.

In the year ended March 31, 2010, the unit clocked a turnover of Rs 5,004 crore and a profit of Rs 930 crore.

“The market condition is improving significantly and the ability of the unit to absorb technology and pass it to the customer is helping to maintain a good order book,” R Krishnan, the unit’s general manager, said.

The unit, which posted its highest-ever turnover, is bulking up its order book.

It plans about Rs 205 crore capital investment to enhance capacity.

The unit currently has an order book of Rs 15,264 crore, or about 68% more than what it had the same time previous fiscal.
To meet the contractual obligations of the order book pose a major challenge.

But the unit has taken various initiatives to accelerate manufacturing and project delivery, he said.

More at:
http://www.dnaindia.com/money/report_bhel-eyes-33pct-rise-in-hyderabad-unit-turnover_1371089