BHEL-Hyd crosses Rs 5000 cr turnover

The Hyderabad unit of Bharat Heavy Electrical Limited (BHEL) crossed the milestone of Rs 5,000 crore turnover during the financial year 2009-10.

Speaking to the media here on Monday, R Krishnan, in-charge general manager, said this was despite the recession, stiff international competition and critical input constraints.

The unit achieved Rs 5,004 crore for the year, the highest-ever and an increase of 21 per cent over last year’s Rs 4,149 crore. Its profit before tax was up 24 per cent to Rs 930 crore as compared with Rs 753 crore in 2008-09. For the year 2010-11, the unit is targeting a 33 per cent increase in turnover to Rs 6,651 crore.

He said the company was gearing up for capacity expansion with an investment of Rs 250 crore in 2010-11. It had invested about Rs 200 crore during 2009-10.

The unit had an order book of Rs 15,264 crore as at the end of March, an increase of 68 per cent over the previous year.

He said the company was accelerating manufacturing, outsourcing finished assemblies and improving the processes. During the year, it bagged indigenous orders from Hindalco Adithya Aluminium, ThyssenKrupp Industries, Jai Prakash Associates, Bara and Pipavav among others

The unit was ready to meet supercritical applications, Krishnan said, adding the future capacity addition would be dominated by coal-based power plants. The company had also gone for technology tie-ups for higher capacity compressors to meet the expected increase in demand for these compressors from fertiliser plants and refineries.