BHEL expects to bag orders worth Rs. 60,000 cr this fiscal

Riding on the growth of the power sector, state-owned BHEL on Friday said it expects to bag orders worth Rs. 60,000 crore in the current financial year.

“We got new orders worth Rs. 60,000 crore in the last fiscal. We expect the same for the current financial year,” BHEL CMD B. Prasada Rao told PTI on the sidelines of a function here.

At present, Rao said, the company’s order book stands at Rs. 1.48 lakh crore.

BHEL is the largest equipment manufacturer in India. It supplies its products to industries such as power, steel and cement.

India has set a revised target of producing additional 62,302 mw of energy by 2011-12. At present, it produces 1.59 lakh mw of power, in which NTPC has a major share.

Moreover, Rao said the company is awaiting for the government’s approval to form a tripartite joint venture with Nuclear Power Corporation of India and French energy equipment major Alstom for producing equipment for nuclear power units.

“The proposal is with the government at present,” he said.


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