Sunday, October 31, 2010

Parliamentary Standing Committee on Industry visits BHEL Tiruchi

Members of Parliamentary Standing Committee on Industry visited Bharat Heavy Electricals Limited (BHEL), Tiruchi today to assess BHEL's general working and performance.

At a meeting held at its premises, a wide range of issues were discussed including BHEL’s plan to meet out the huge power capacity additions with matching capabilities to produce and deliver power plant equipment, competitions faced, order booking position, Joint Venture agreements, discharging its corporate social responsibility, its international operations and status of Integrated Gasification Combined Cycle (IGCC) technology.
The Department-related Parliamentary Standing Committee headed by Rajya Sabha MP from Tamil Nadu Shri Tiruchi N Siva (Chairman) comprises Members of Parliament Shri G Sanjeeva Reddy (Andhra Pradesh) , Shri Ashk Ali Tak (Rajasthan), Proj SP Singh Baghel (Uttar Pradesh), Shri Nandamuri Harikrishna (Andhra Pradesh) , Smt Poonam Velhibhai Jat (Gujarat), Shri Ram Singh Kaswan (Rajasthan), Shri M Krishnaswamy (Tamil Nadu), Shri Bharat Ram Meghwal (Rajasthan) and Shri Gorakhnath Pandey (Uttar Pradesh).

BHEL’s contribution to Industrial, Railway, Renewable Energy and Defence sectors were also discussed.


more at : http://machinist.in/index.php?option=com_content&task=view&id=2806&Itemid=2

Bhel’s order flows expected to slow

Bharat Heavy Electricals Ltd’s (Bhel) results for the September quarter were slightly better than expectations. Revenue rose by 25.7% to Rs. 8,328 crore, and earnings before interest, tax, depreciation and amortization (Ebitda) grew by 32.5% to Rs. 1,632 crore. The Ebitda margin improved by around 100 basis points, which came as a positive surprise. One basis point is one-hundredth of a percentage point.

But note that margins would have been flat, but for a drop in net provisions made for contractual obligations, liquidity damage and doubtful debt. In last year’s September quarter, these provisions, accounted for in “other expenditure”, amounted to Rs. 82.2 crore. In the last quarter, they fell to around Rs. 35 crore, according to a report by Alchemy Research. Net of provisions, the improvement in margins would be just 20 basis points and the increase in Ebitda would have more or less tracked the rise in sales.

more at : http://www.livemint.com/2010/10/31211908/Bhel8217s-order-flows-expec.html

Friday, October 29, 2010

BHEL Q2 net up 33% to Rs 1,142 cr

Bharat Heavy Electricals (BHEL) today registered a 33 per cent growth in its standalone net profit at Rs 1,142.28 crore for the second quarter ended September 30, over the same period last year.

The company had reported a net profit of Rs 857.88 crore in the July-September quarter last fiscal, BHEL said in a filing to the Bombay Stock Exchange.

Net sales of the Bangalore-based firm rose to Rs 8,328.41 crore from Rs 6,625.21 crore in the same quarter a year ago, it added.

Shares of BHEL were trading at Rs 2,475 per piece on the BSE , up 0.95 per cent from the previous close

ref:
http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-news/BHEL-Q2-net-up-33-to-Rs-1142-cr/articleshow/6833835.cms

Thursday, October 28, 2010

BHEL Share holding pattern as on 30.9.2010

You may have a look at shareholding pattern of BHEL at
http://www.bhel.com/dynamic_files//press_files/pdf/shareholding_sep_2010.pdf

Wednesday, October 27, 2010

BHEL advertises recruitment for Skilled Artisans

Bharat Heavy Electricals Limited (BHEL) has publised advertisement for recruitment of skilled artisans for its Ranipet unit in Tamil Nadu. BHEL, Ranipet is a workforce of around 2700 employee, is looking for 173 Skilled Artisans in the following areas:

Skilled Artisan : 173 posts (OBC-45, SC-34, ST-2) of Skilled Artisans (Fitter-96, Welder-40, Mechanist-06, Electrician-6, Material Handling Operaor-20, AC Mechanic-3, CNC Electronic Mechanic-2).

Age: Upper age limit as on 01/10/2010 - 27 years.

Fee: Rs. 125/- for General & OBC candidates should be paid into "BHEL - Ranipet Power Jyoti Account No.: 31170378124" only by a challan form.

How to Apply: Apply Online only at BHEL Ranipet website only upto 15/11/2010.

Please visit http://artrect.bhelrpt.co.in/ for details and apply online


ref:
http://www.mynews.in/career_edu/news_page.php?id=103942

BHEL flags off gas compressor for HPCL Mittal Energy unit

It is reported that BHEL Ramchandrapuram has dispatched a recycle gas compressor train for CCR unit to Guru Gobind Singh Refinery Bhathinda.

The Hydrogen recycle gas compressor was flagged off by Mr Prabh Das CEO of HPCL Mittal Energy Ltd in the presence of Mr R Krishnan executive director and other senior officials of BHEL.

The company is executing an order from HPCL Mittal Energy for supply of three steam turbine driven compressors for its Guru Gobind Singh Refinery Project at Bhathinda in Punjab.

The total value of the project is estimated at INR 79.9 crore. The compressor was earlier successfully tested for hydraulic, mechanical and gas leak test according to international standard of American Petroleum Institute.

(Sourced from Business Line)
ref:
http://www.steelguru.com/indian_news/BHEL_flags_off_gas_compressor_for_HPCL_Mittal_Energy_unit/171900.html

Sunday, October 24, 2010

ONGC's first commercial power project to start next year

The state-owned Oil and Natural Gas Corporation's (ONGC) first ever 726 MW commercial power project would start generating electricity next year, officials said here on Sunday.

"The first unit (363 MW) of the 726 MW power plant would start producing electricity December next year," said Sudhindra Kumar Dube, managing director of the ONGC Tripura Power Co Ltd (OTPC), a new company formed for commissioning the project.

The ONGC's biggest power project is being commissioned in Palatana, about 60 km south of here, at a cost of Rs 9,000 crore. "The power project would fully start generating 726 MW power by March 2012," Dube, accompanied by BHEL (Bharat Heavy Electricals Limited) chairman B.P. Rao, said.

The power project chief said that the Bangladesh government has agreed to allow India to use its waterways to transport the turbines and heavy machines for the power project, for which Prime Minister Manmohan Singh had laid the foundation stone in October 2005.

He said that India would develop a jetty in the Ashuganj river port in Meghna river in eastern Bangladesh, 31 km from Agartala and expand the road, if necessary, across the border, to ferry the equipment for the project. He said dispatching the heavy equipment by surface within India (through the mountainous northeastern states) is extremely difficult.

"A consortium comprising of the US-based General Electric (GE) and India's state-run BHEL has been awarded contract to supply the all-important gas turbines for the thermal power project," he added.

According to ONGC officials, the state-run Power Grid Corp of India Limited (PGCIL), OTPC and the northeastern states would set up a 660-km transmission line at the cost of Rs.1,771 crore to hook Palatana with the national grid at Bongaigaon in western Assam.

The much expected commissioning of the power project, a co-generation waste heat recovery power plant and ONGC's first major commercial project, has been delayed due to difficulties in transporting heavy turbines and machineries to south Tripura.

ref:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/ONGCs-first-commercial-power-project-to-start-next-year/articleshow/6803515.cms

Wednesday, October 20, 2010

BHEL bags contract to set up solar power plants in Lakshadweep

BHEL on Wednesday said it has bagged contracts worth Rs 35 crore to set up grid-interactive solar power plants of 1100 kW capacity at eight locations in the union territory of Lakshadweep.

"Valued at around Rs 35 crore, the order for setting up the Solar Photo voltaic (SPV) Power Plants at eight islands of Lakshadweep, including the capital Kavaratti, has been placed on the company by Lakshadweep Administration," a company statement said.

BHEL's scope of work in the contract envisages design, manufacture, supply and installation of new solar power plants of 1,100 kW, the statement added.

ref:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/BHEL-bags-contract-to-set-up-solar-power-plants-in-Lakshadweep/articleshow/6780542.cms

Monday, October 18, 2010

Bhel plans to make transformers in Kenya

Bharat Heavy Electricals Ltd (Bhel) plans to set up a transformer manufacturing plant in Kenya in a joint venture with the Kenyan government, as part of India’s growing engagement with Africa.

In addition, India has also offered to help Kenya put in place a standards and labelling programme for electrical equipment and an energy conservation building code.

At the recent sixth meeting of the joint trade committee (JTC) in Nairobi, India also proposed developing port, airport, road and railway infrastructure in Kenya by state-owned Rail India Technical and Economic Services (RITES), a subsidiary of Indian Railways.

“East Africa has been the gateway to Africa,” commerce minister Anand Sharma, who attended the meeting, told reporters in Nairobi on Thursday at the Namaskaar Africa initiative by the Federation of Indian Chambers of Commerce and Industry (Ficci), an industry lobby.

Kenya, along with Tanzania, Burundi, Uganda and Rwanda, is part of the East African Community (EAC).

Bhel is seeking a joint venture in equipment manufacturing to help it control costs while bidding for projects in the region. A plant located in Kenya will help it service markets in Africa, which is facing a chronic power shortage.

more at:
http://www.livemint.com/2010/10/18213126/Bhel-plans-to-make-transformer.html?atype=tp

Friday, October 15, 2010

Provide jobs to land losers, HC directs BHEL

Putting an end to a three-decade-old struggle of the land-losers, the Madras High Court has directed the Bharat Heavy Electricals Limited (BHEL) in Ranipet, Vellore district to provide job opportunities to them.

“The issue regarding employment under the displaced land owners category was pending since 1981. It is in the interest of both the landowners as well as the BHEL to put an end to this issue at the earliest point of time. Somehow or the other the matter has been dragged for years together. Therefore, it is high time that the entire issue be resolved by examining individual cases by the Screening Committee appointed by a single judge earlier,” a division bench comprising justices Elipe Dharma Rao and K K

more at:
http://expressbuzz.com/states/tamilnadu/provide-jobs-to-land-losers-hc-directs-bhel/215628.html

BHEL to announce Q2 results Oct 29, 2010

Bharat Heavy Electricals Ltd (BHEL) has announced that a meeting of the Board of Directors of the Company will be held on October 29, 2010, inter alia, to consider and take on record the Unaudited Financial Results of the Company for the Quarter ended September 30, 2010 (Q2).

The stock closed the day at Rs.2526.05, down by Rs.32.60 or 1.27%. The stock hit an intraday high of Rs.2570 and low of Rs.2507.20.

The total traded quantity was 0.79 lakhs compared to 2 week average of 0.97 lakhs.

Source: Equity Bulls

Posted On: 10/15/2010 10:44:23 AM

ref:
http://www.equitybulls.com/admin/news2006/news_det.asp?id=81649

Wednesday, October 13, 2010

Alstom-Bhel to supply turbines to NPCIL

Global power equipment major Alstom will tie up with Bhel to supply turbines for Nuclear Power Corporation's (NPCIL) 700-mw pressurised heavy water reactors (PHWR) based nuclear power plants. A tripartite joint venture (JV) agreement between the French company, Bhel and NPCIL will be signed soon, a senior executive of Alstom Power said.

NPCIL is setting up 700-mw PHWR based nuclear power plants at various places including Kakrapar in Gujarat and Rawatbhata in Rajasthan.

While NPCIL has prepared design for 700-mw nuclear reactors, the design for turbine generators of this size is not available in the country. Given that, NPCIL invited expressions of interest (EoI) from technology suppliers for the turbine generators. Alstom submitted its offer in response to the EoI.

more at:
http://www.indianexpress.com/news/alstombhel-to-supply-turbines-to-npcil/697219/

National mission on clean coal technologies soon

The government will announce soon its ninth national mission on clean coal technologies.

'The National Mission for Clean Coal (Carbon) Technologies will have several sub missions like the development of advanced ultra super-critical boilers for thermal power plants, carbon capture and value addition, including carbon capture and storage,' said R. Chidambaram, principal scientific advisor to the government.

Chidambaram is here for the Asian Nuclear Prospects 2010 (ANUP 2010), a conference on nuclear power in Asia.


ref:
http://sify.com/news/national-mission-on-clean-coal-technologies-soon-news-national-kkmokdecdec.html

Tuesday, October 12, 2010

BHEL tests new turbogenerator

BHEL has achieved a milestone by successfully testing the largest sized global vacuum impregnated, air cooled turbogenerator module. The equipment has wide usage in oil and gas and power sectors.

The BHEL Hyderabad unit has on October 1st 2010, tested the generators of ratings 150 MW, 15.75 KV in India at its Ramachandrapuram factory.

Mr R Krishnan executive director of BHEL Hyderabad inaugurated the fully assembled generator unit and the testing was carried out in the presence of customers and consultants.

The BHEL unit has already bagged 22 orders for this module of GVPI turbogenerator catering to various domestic customers such as OTPC Tripura, Hindalco, GSPC- Pipavav, OPG Power-Gujarat etc and overseas customers such as PDO OMAN.

This module meets the latest trend for the larger capacity GVPI air-cooled generators for both gas turbine and steam turbine applications. It has been described by the company as a major development in the direction towards meeting the latest trend of industry / utility requirements for higher capacities.

(Sourced from Business Line)

ref:
http://www.steelguru.com/indian_news/BHEL_tests_new_turbogenerator/169438.html

Sunday, October 10, 2010

careers.bhel.in | Bharat Heavy Electricals Limited Artisans Recruitment 2010

BHEL, Tiruchirappalli a major Manufacturing unit is looking for Artisans in the following trades :

* Post : 525 posts (UR-280, Ex.SM-75, OBC-141, SC-929 ST-5,PH-16), ward of Deceased Employee of BHEL-131) of Skilled Artisans (Fitter-254, Turner, 24, Machinist-43, Electrician-24, Crane Operator-cum Rigger-30, Instrument Mechanic-3, Electronics Mechanic-3, Furnace Operator-10, Diesel Mechanic-2) , Qualification: Matric / SSC plus National Trade Certificate (NTC) plus National Apprenticeship Certificate (NAC) in the respective trade with not less than 60% marks in both NTC and NAC for General and OBC candidates and 55% for SC/ST candidates., Age: Upper age limit as on 1/10/2010 – 27 years. , Pay Scale : On successful completion of training period, candidates will be absorbed in the regular establishment as ARTISAN Gr IV in the pay scale of Rs.11700-23000/-.

Fee : Rs.125/- (No fee for SC/ST/PH). The fee can be paid in any of the branches of State Bank of India, to Power Jothi A/c, NO. 30796267034 @ HE, Kailasapuram, Trichy-14 (code no.01363) in favour of Bharat Heavy Electricals Limited, Tiruchirappalli. The triplicate challan for payment of Examination and processing fee of Rs.125/- can be downloaded from the BHEL web site.

How to Apply: Apply online at BHEL website http://careers.bhel.in/recruitment/ only upto 27/10/2010.

ref:
http://www.healthcarendiet.com/2010/10/11/careers-bhel-in-bharat-heavy-electricals-limited-artisans-recruitment-2010/

Friday, October 8, 2010

Alstom-Bharat Forge edge out Bhel

Ajoint venture (JV) between Paris-based Alstom SA and Bharat Forge Ltd edged out state-run Bharat Heavy Electricals Ltd (Bhel) to emerge as the lowest bidder, entitling it to the majority share of a Rs.9,200 crore tender, part of the single largest order ever for supply of power generation equipment.

Power sector analysts termed it a “game changer” for the Indian power equipment manufacturing sector, as the winning bid is as competitive as the prices offered by Chinese suppliers such as Shanghai Electric Group Co. Ltd, Dongfang Electric Corp. and Harbin Power Equipment Co. Ltd.

The order was floated by state-run power utility NTPC Ltd for the supply of 11 supercritical turbine generator (TG) sets of 660MW each. Supercritical equipment improves the efficiency of power plants in terms of better fuel utilization and lower emissions.


more at:
http://www.livemint.com/2010/10/08213939/AlstomBharat-Forge-edgeoutB.html?atype=tp

Having an order book of Rs 150,000 cr: BP Rao, CMD, BHEL

In an interview with ET Now, BP Rao, Chairman & Managing Director, BHEL, talks about the new order as well as the order book position of the company.

Your company has won Rs 3700-crore order from the joint venture with Karnataka Power for about 700 megawatts of supercritical unit. Could you give us the details of when the equipment will be delivered and how much of revenue of this order will be booked this very year?

This is a new order which we just received against stiff international competitive bids. This is a 700 megawatt supercritical technology. With this order, we have about 11 sets of boilers in the supercritical technology and about 9 sets of TG sets. This order will be delivered in about four years time and this year we do not have any revenues planned from this. The revenues will start from the next year on this order.

What’s the progress on your Karnataka Power project?

That is yet to start. We need to induct a strategic investor into this joint venture with Karnataka Power Corporation . That process is about to start.

more at:
http://economictimes.indiatimes.com/opinion/interviews/Having-an-order-book-of-Rs-150000-cr--BP-Rao-CMD-BHEL/articleshow/6712884.cms

Thursday, October 7, 2010

BHEL ED gets Enertia Award 2010 in Hydro Power Sector

MK Dube Executive Director, BHEL, Bhopal received the prestigious 'Enertia Award-2010 for Individual Achievement in Hydro Power Sector' at an impressive ceremony held in Mumbai on Wednesday.

The award was given by former Union Minister of Power, Heavy Industry and Public Enterprises, Suresh Prabhu and former Power Secretary, Government of India, Anil Razdan.

BHEL also bagged the prestigious Enertia award 2010 - Category IV for Manufacturing excellence and ramp up in power sector manufacturing equipment. The award was received by BHEL CMD, BP Rao.

Professor AG Iyer, Editor-in-Chief and founder member of 'Enertia' awards said that the jury unanimously selected MK Dube's name for the prestigious award for his outstanding contribution in the Hydro Power sector.

Dube has steered design of a series of centrifugal type single stage, high efficiency pumps with unit capacities varying from 80 MW to 120 MW for heads ranging from 60m to 120m.

These would be one of the biggest individual pump installations in the world after commissioning and shall change the water availability scenario in Andhra Pradesh.
-----
Published by HT Syndication with permission from Pioneer. For any query with respect to this article or any other content requirement, please contact Editor at htsyndication@hindustantimes.com
-------
Copyright 2010 CMYK Printech Ltd.All Rights Reserved
The Pioneer (India)
Wire News provided by LexisNexis

ref:
http://www.hydroworld.com/index/display/news_display.1278017354.html

BHEL bags Rs 3,700-cr order in Karnataka

State-owned BHEL today said it has bagged a Rs 3,700-crore from Karnataka Power Corporation Ltd for setting up the 700 MW Bellary Thermal Power Station in Karnataka.

The Rs 3,700-crore order has been placed on BHEL by Karnataka Power Corporation Limited (KPCL) for setting up the 700-MW supercritical (energy efficient) unit at Bellary Thermal Power Station (TPS) in Karnataka, on a turn-key basis, an official statement said.

BHEL has commissioned about 5,000 MW of power generating sets in the state, which include thermal as well as hydro units of various ratings, it said.

It is also executing the 2x800 MW Yeramarus supercritical TPS of Raichur Power Corporation Limited (RPCL), a joint venture between KPCL and BHEL, which has been set up to Build, Own and Operate supercritical thermal power plants in Karnataka.

BHEL has established the capability to deliver 15,000-MW of power equipment per annum and further augmentation to 20,000 MW per annum is underway.

ref:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/BHEL-bags-Rs-3700-cr-order-in-Karnataka/articleshow/6705825.cms

Tuesday, October 5, 2010

India's power sector needs $300 billion investment: Shinde

Power Minister Sushilkumar Shinde Tuesday said India required over $300 billion investment in electricity and invited foreign investors to participate in the sector.

'The scope for investment in the power sector over the next few years is well over $300 billion and given our large expansion programme in this sector, we would definitely need and welcome a large amount of foreign direct investment,' he said at the 7th Annual India Investment Forum in New York.

'The confidence of investors in our sector is reflected in the fact that the initial public offer of public sector undertakings under the ministry of power over the last 5 to 6 years have been over-subscribed between 13 to 77 times,' he added, according to a statement issued by the power ministry.

Shinde said that India is growing at rapid pace and has huge opportunities for investments and technology in the power sector to move forward on the path of growth and progress.


The Indian power sector has the fifth largest electricity generation capacity in the world at more than 164,000 megawatt and the world's third largest transmission and distribution network.


However, the demand from increased manufacturing activities, a growing population and the rising energy needs of a rapidly growing consumer base has led to a situation where the supply of energy falls short of the demand.

There is a peaking shortage of almost 12 percent and an energy shortage of 9 to 10 percent in the electricity sector alone. The country is targeting a capacity addition of 62,000 megawatt in the 11th five year plan during the 2012-2017.

ref:
http://sify.com/finance/india-s-power-sector-needs-300-billion-investment-shinde-news-default-kkfvEciacje.html

BHEL commissions largest global vacuum impregnated turbogenerator

Bharat Heavy Electricals Ltd (BHEL) said it successfully tested the largest global vacuum impregnated (GVPI), air-cooled turbogenerator module, used mainly in oil and gas and power sectors.

The company's Hyderabad unit has tested the generators of ratings 150 MW, 15.75 kV at Ramachandrapuram factory. This module meets the latest trend for the larger capacity GVPI air-cooled generators for both gas turbine and steam turbine applications, the company said in a regulatory filing.

BHEL said its unit has already won 22 orders for this module of GVPI turbogenerator catering to various domestic customers such as OTPC Tripura, Hindalco, GSPC- Pipavav, etc and overseas customers.

On Tuesday, BHEL shares ended 1.9% up at Rs2,648 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.3% to 20,407 points.


ref:
http://www.moneylife.in/article/8/9704.html

Monday, October 4, 2010

POML forays in hydro power generation, will invest Rs 160 cr

Vegetable oil maker Puri Oil Mills Ltd (POML) today announced its foray into the hydro power generation with an investment of Rs 160 crore.
"Among our five hydro power projects three production units are starting production in the end of this year and in recent future, we are planning to start some more projects of hydro electric power," POML Managing Director Vivek Puri said in a statement.
The company has earmarked an investment of Rs 160 crore for setting up five hydropower generating units with a total capacity of 25 mega watts.
POML said three out of the five power generating units would start productions by the end of current year.
Recently POML has inked a power purchase agreement with Haryana power purchase centre for the supply of electricity," the statement said.
As per the agreement, the company would supply the electricity from these units to Haryana.
Puri Oil Mills, is a flagship company of the Puri Group of Industries

Ref: http://news.in.msn.com/business/article.aspx?cp-documentid=4438868

PS:
Lets see from whome they would buy the equipment.

Bhel at 52-week high - on BSE

India's largest electric equipment maker by sales Bharat Heavy Electricals jumped 1.47% extending Friday's 4.29% jump. The stock hit 52 week high of Rs. 2652 today.

ref:
http://www.indiainfoline.com/Markets/News/ITC-hits-record-high-Bhel-at-52-week-high/3318150374

Saturday, October 2, 2010

Bridge & Roof in talks with BHEL for tie-up

Public sector Bridge and Roof Company (B&R) has begun talks with Bharat Heavy Electricals Ltd (BHEL) for a tie- up, which will be utilised in the pre-tender stage, Chairman and Managing Director Mukesh Jha said.

Talking to this correspondent, he said the tie-up, if it takes place, would bring benefits in the form of reduction in project cost and execution time. BHEL is one of B&R's major clients and the company is now implementing nearly Rs.1,300-crore worth project for BHEL.

“Talks and meetings have been held at the level of the Department of Heavy Industry under the Ministry of Heavy Industries and Public Enterprises and with BHEL,'' Mr. Jha said.

B&R offers civil, structural and mechanical construction services as well as EPC and turnkey packages for oil terminals. It operates in various industrial sectors including hydrocarbon, fertilizers, chemicals, power projects including nuclear power projects, steel plants and railways. Mr. Jha said B & R had now 50 project locations in India and abroad where 73 projects were under execution. Of these ten were BHEL projects, he said. Mr. Jha said that while the proposed pact with BHEL was on the company's top agenda for pre-bid tie-ups, it was also keen on entering into similar memoranda of understanding with sister companies such as EPI and BBJ.

B&R, which had suffered a loss-making spell till 2004-05, has now effected a turnaround and has cleared all government loans and liabilities besides paying dividend to the government in the last two years. It was accorded the Miniratna Status in September, hitting a milestone by a touching the Rs.1,000-crore mark in turnover in 2009-10.

Mr. Jha said that besides the capital restructuring and strengthening proposal approved by the government in 2005, a change of strategy also helped. “While previously the company concentrated on small value jobs, facing stiff competition and lower margins, the company has now changed its strategy by taking up higher value jobs where costs could be controlled better and a comfortable profit margin was possible.

B & R is now eyeing big projects with higher margins and is targeting a Rs.2,000-crore turnover by 2014-15, according to Mr. Jha.



ref:
http://www.thehindu.com/business/companies/article809266.ece