BHEL hopes to get orders worth Rs 55,000 cr this fiscal

Bharat Heavy Electricals Ltd (BHEL), the country’s largest power equipment manufacturer, is hopeful of getting orders worth Rs 55,000 crore within the financial year ending March 2010.

“Out of this Rs 55,000 crore, we have booked orders worth Rs 19,000 crore in the two quarters of this financial year. Our outstanding order book is at over Rs 1,30,000 crore,” BHEL Chairman and Managing Director K Ravi Kumar said.

He also added that the company expects another Rs 10,000 crore worth of orders by next month.

“We have finalised the prices for further orders worth Rs 10,000 crore. We are expecting the advance by October. This is mainly from private players and one order from NTPC,” he said, adding that 80 per cent of the orders bagged by the company so far in the current financial year have been placed by private companies.

Kumar also assured that all the power units to be set up for the Commonwealth Games 2010 to be held in Delhi will be supplied and commissioned by BHEL on time. BHEL’s share closed at Rs 2,245.60, down 0.18 per cent by close of Friday’s trade on the BSE.