BHEL Hyderabad unit crosses INR 5000 crore turnover in 2009-10

The Hyderabad unit of Bharat Heavy Electrical Limited crossed the milestone of INR 5,000 crore turnovers during the financial year 2009-10.

Mr R Krishnan in charge general manager of BHEL Hyderabad said that this was despite the recession, stiff international competition and critical input constraints.

The unit achieved INR 5,004 crore for the year, the highest ever and an increase of 21% over last year’s INR 4,149 crore. Its profit before tax was up 24% to INR 930 crore as compared with INR 753 crore in 2008-09. For the year 2010-11, the unit is targeting a 33% increase in turnover to INR 6,651 crore.

He said the company was gearing up for capacity expansion with an investment of INR 250 crore in 2010-11. It had invested about INR 200 crore during 2009-10. The unit had an order book of INR 15,264 crore as at the end of March, an increase of 68% over the previous year.

He said the company was accelerating manufacturing, outsourcing finished assemblies and improving the processes. During the year, it bagged indigenous orders from Hindalco Adithya Aluminium, ThyssenKrupp Industries, Jai Prakash Associates, Bara and Pipavav among others

(Sourced from Business Standard)

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