BHEL Ranipet profit rises to Rs.1,107 crore

The Boiler Auxiliaries Plant (BAP) of Bharat Heavy Electricals Limited (BHEL), Ranipet, has achieved a record profit before tax (PBT) of Rs.1,107 crore during 2010-11 as against Rs.591 crore in 2009-10, registering an 87 per cent increase, thanks largely to the reduction in material consumption, according to A. Chandrababu, Executive Director, BHEL-BAP, Ranipet.

Briefing newspersons about the performance of the company in 2010-11 at a press conference here on Wednesday, Mr. Chandrababu said that the Ranipet unit had registered a turnover of Rs.3,582 crore, up by 41 per cent over Rs.2,538 crore achieved in the previous year. “We have been growing at an average rate of 35 per cent over the past five years, and maintaining this trend. The unit has for the first time achieved a turnover of Rs.3,582 crore. This has been possible by the efforts taken by our team in despatching 2.82 lakh tonnes (mt) in the last 12 months,” he said. The Executive Director said that in spite of fluctuating steel prices, BHEL Ranipet could contain its material costs to 51.9 per cent of the gross turnover, after setting off the excise duty, through strategic materials management.

Mr. Chandrababu said that the BAP had an outstanding order book of Rs.8,315 crore in 2010-11, as against Rs.7,892 crore in 2009-10. It bagged bulk repeat orders from India Bulls for five 270 MW boilers each for the thermal power plants in Nashik and Amravati.

The Executive Director said that while BAP had achieved a capacity expansion to meet its proportional target for production of power plant auxiliaries by BHEL as a whole to cater to the targeted 15,000 MW of power production, its plans were on track towards achieving its physical target for augmenting the installed capacity to 20,000 MW by July 2011 as against the target date of March 31, 2012. It has invested Rs.170 crore for capacity expansion. The Ranipet unit has entered into an agreement with GE India to acquire world-class technology for water treatment, and with TLT, Germany for axial fans.

The West Bengal Power Development Corporation, Kolkata, which placed orders with a Chinese vendor for boiler auxiliaries for its thermal power plants, reverted to BHEL Ranipet and gave orders for two 500 MW boilers for its Sagardighi thermal power plant.

ref:
http://www.thehindu.com/business/companies/article1605636.ece