BHEL clocks turnover of Rs 4,202 cr, gears up for further expansion

Bharat Heavy Electrical Limited (BHEL) in Bhopal is gearing up for further expansion for more thermal power equipment manufacturing. The unit has clocked a turnover of Rs 4,202 crore, up 13 per cent from the previous year, it has also aimed at becoming a Rs 5,000-crore unit by next financial year. However Chinese companies still pose challenges to the unit.

“We have sent a proposal for expansion of the existing thermal power unit, as soon as it is cleared we will start work on it, as we see a tremendous potential in thermal power sector,” M K Dubey executive director of the unit told Business Standard. “We have bagged an order from DB Power Limited for 2x660 Mw and further talks are on for another project. We are also in talks with Hindalco for their Singarauli project.” Hindalco is setting up a captive power unit in Singarauli for 700 Mw captive power unit.

BHEL is also partnering with the state government in another 660x2 Mw power project (Malwa thermal power project) in Khandwa. Moreover it will supply and erect equipments at controversial Shree Maheshwar Hydel power project in Khandwa district. However, according to Dubey, “Progress on the project is very slow and we have Rs 95 crore equipment lying in our premise for the project.”

BHEL has also attained a handsome growth of 18 per cent on exports which touched Rs 1,219 crore.

ref:
http://www.sify.com/finance/bhel-clocks-turnover-of-rs-4-202-cr-gears-up-for-further-expansion-news-equity-legblxhcdhe.html