BHEL B'lore divisions log 35% PBT

The three divisions of Bharat Heavy Electricals Limited, Bangalore, have reported a profit before tax of Rs 900 crore for the fiscal 2010-11 as against Rs 669 crore in the previous fiscal, registering a 35 per cent growth. The PBT was, however, 29 per cent of 2010-11 turnover.


The three divisions — Electronics, Industrial Systems Group & Ceramic Business Unit — also reported a combined turnover of Rs 3,081 crore during the reporting fiscal as against Rs 2,049 crore in the previous fiscal, registering a growth of 28 per cent.

Briefing reporters, Executive Director G Ganapathiraman said, the Bangalore divisions’ outstanding orders grew by 15 per cent to Rs 8,067 crore as against Rs 6,988 crore in 2009-10.

“The order book can sustain us for another four years. We are fully booked for next two-and-a-half years,” he added.

During the year, the company, he said, had received orders worth Rs 3,815 crore, whose hallmark was that majority of them were from private sector. BHEL Bangalore units’ export turnover crossed Rs 1,099 crore, while Rs 140 crore has been invested in the last three years in the three units. “The divisons have taken up further investment plans worth Rs 54 crore for current financial year, which are in various stages of implementation for creation of additional infrastructure and advanced facilities,” he added.

Individually, while electronics division reported a turnover of Rs 2,003 crore, the industrial systems group clocked Rs 700 crore and the ceramic business unit Rs 378 crore.

ref:
http://www.deccanherald.com/content/152429/bhel-blore-divisions-log-35.html