BHEL secures over Rs 31,000 crore orders in FY'13

BHEL today said it has secured orders worth over Rs 31,000 crore during financial year 2012-13, an increase of 43 per cent over 2011-12. The company had an order book of over Rs 22,096 crore in the 2011-12. "Despite subdued business conditions in the power and infrastructure sectors coupled with intense competition in domestic and overseas markets, BHEL was able to secure orders worth Rs 31,650 crore, an increase of 43 per cent over 2011-12," CMD BHEL B P Rao said at the company's Annual General Meeting here today. The total orders in hand for execution in 2013-14 and beyond, stand at about Rs 1,15,100 crore, he said. The order-book includes Rs 4,500 Crore worth of orders in Captive Power, Rail Transportation, Power Transmission, Oil & Gas, Renewable Energies and other industrial segments. Rao said that the company clocked a turnover of Rs 50,156 crore and a net profit of Rs 6,615 crore in 2012-13. more at : http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/engineering/bhel-secures-over-rs-31000-crore-orders-in-fy13/articleshow/22803556.cms