Bharat Heavy Electricals Limited (BHEL) is confident of bridging the price gap that exists between indigenously manufactured and Chinese power plants in the near future on the back of growing business volume, according to R Krishnan, executive director of Ramachandrapuram unit, the second largest after the Kochi unit in terms of business turnover.
The unit posted a 37 per cent rise in gross profit at Rs 1,283 crore and a 33 per cent increase in total turnover at Rs 6,652 crore for the year 2010-11. It is planning to increase the capacity to 4,115 Mw from the present 2,900 Mw by March 2012 by investing about Rs 900 crore. This is part of the 20,000 Mw capacity expansion envisaged by the company across all its units.
“Chinese power units are 10-15 per cent cheaper than BHEL-built power plants. However, power project developers, including those in the private sector, are preferring our products over Chinese units because of the overall quality and service that we offer,” Krishnan said at an annual press conference here on Thursday.
more at:
http://www.business-standard.com/india/news/ridingvolume-bhel-gets-ready-to-match-chinese-prices/431555/
Saturday, April 9, 2011
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