The Ramachandrapuram unit of Bharat Heavy Electricals Limited (BHEL) has achieved an all-time high turnover of Rs.6,652 crore during the year ended March 31, 2011, against Rs.5,004 crore in the previous fiscal, a growth of 33 per cent. The profit before tax increased by 37 per cent from Rs. 936 crore to Rs.1,283 crore. Buoyed with the record turnover and profit, the company has set a turnover target of Rs.7,596 crore for 2011-12.
Announcing the results here on Thursday, Executive Director R. Krishnan said the company secured orders worth Rs.7,160 crore during the year and the outstanding order book stood at Rs.16,880 crore. The company commissioned 27 projects during the year while 24 projects were under different stages of execution. The Ramachandrapuram unit had embarked on a capacity expansion programme with an investment of Rs.900 crore. The expansion was part of the BHEL's 20,000 MW expansion plan.
The unit successfully tested the country's first indigenously manufactured Fr-9FA gas turbine, designed for dual fuel firing. The Ramachandrapuram unit planned to increase its R&D expenditure to Rs.800 crore in the next three years.
ref:
http://www.thehindu.com/business/article1609112.ece
Thursday, April 7, 2011
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