BHEL today said it secured orders worth Rs 59,037 crore from domestic and international clients in the financial year ended March, 2010, of which about 90 per cent came from the private sector.
Out of the total orders received by BHEL during the year for power plant equipment with a cumulative generation capacity of 16,489 MW, orders received from private power utilities alone accounted for 14,689 MW, it said.
The current order book of the company stands at Rs 1,44,000 crore.
The company recorded a jump of 37 per cent in profit-after-tax (PAT) to a record Rs 4,311 crore for the fiscal ended March, 2010.
The company's focus on expansion of activities in the transportation, transmission, defence, oil & gas and other industry sectors, in addition to its core area of power, was responsible for its success during the year, it added.
During the year, the company bagged its biggest-ever contract for establishment of a captive power plant for Indian Oil Corp and also garnered major repeat orders from Hindalco for a 6x150 MW BTG package, besides the single largest order for supply of 150 units of 5,000 HP 25 kV AC mainline electric locomotives to the Indian Railways.
BHEL plans to increase expenditure on research and development (R&D) to at least Rs 1,200 crore by 2011-12, the statement added.
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http://www.business-standard.com/india/news/90orders-in-fy10pvt-cos-bhel/109010/on
Friday, September 17, 2010
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