Monday, January 31, 2011

BHEL capacity to scale up to 20,000 MW by Q4FY12

Bharat Heavy Electricals Ltd (BHEL) reported a 30.9% jump in its net profit at Rs 1,403 crore for the quarter ended December 31, 2010, against Rs 1,072 crore in the year-ago period.

Total sales (income from operations) rose by 26% to Rs 9,280 crore from Rs 7,386 crore.

Excerpts from Bazaar on CNBC-TV18 Watch the full show »

Speaking to CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, chairman BP Rao said the company is on track to achieve its full year order book target of Rs 60,000 crore. “We expect execution pace to continue in FY12,” he informed adding, “Will maintain margins on better operational efficiencies.”

The company’s capacity will be scaled up to 20,000 megawatt by fourth quarter of fiscal year 2012, he divulged. “There is no delay in projects on account of inflation.”

more of the interview at:
http://indiaearnings.moneycontrol.com/sub_india/compnews.php?autono=517136

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