The country's largest power equipment-maker, BHEL, today said it would ramp up its manufacturing capacity to 20,000 MW by March 2012.
BHEL's capacity addition strategy for the current financial year also envisages an improvement in product cost-competitiveness and quality, BHEL Chairman and Managing Director B Prasada Rao said here today at the 47th Annual General Meeting of the company.
He said BHEL is well on track to becoming a 20,000-MW company by March 2012.
The company also plans to diversify into the emerging business areas like R&D and people management, he said.
BHEL recorded a profit of Rs 9,006 crore for the 2010-11 financial year and an all-time high turnover of Rs 43,337 crore, he added.
The company declared a dividend of Rs 1,525 crore.
BHEL secured orders worth a record Rs 60,507 crore in FY10-11.
The company secured orders for seven boilers and nine turbine generators with supercritical parameters from public as well as private sector utilities during the fiscal.
With an order book worth over Rs 1,64,145 crore at the close of the financial year, the company expects to achieve robust growth in 2011-12 and beyond, Rao added.
Outlining the trends in the power sector, Rao said that environmental compulsions are driving the demand for sustainable development worldwide.
BHEL also plans to develop economically viable solar power equipment and it would be the company's focus area this fiscal.
BHEL is also developing Advanced Ultra Supercritical (Adv-USC) technology in association with the Indira Gandhi Centre for Atomic Research (IGCAR) and NTPC, as part of the National Mission for Development of Clean Coal (Carbon) Technologies.
