The Hindu Business Line : BHEL Bangalore units post 22% sales growth

THE three Bangalore-based units of BHEL have posted turnover of Rs 658 crore for 2003-04, a growth of 22 per cent over the 2002-03 figures of Rs 540 crore.

Riding on the upswing in the economy and in the capital goods sector, the units registered all-round improvement in their operations with a profit before tax of Rs 89 crore.

This was an increase of 53 per cent over the previous year's Rs 58 crore, the heavy electricals PSU said.

The units are the Electronics Division (EDN), the Electroporcelains Division (EPD) and the Industrial Systems Group (ISG).

They also received the highest number of orders during the year worth Rs 997 crore, an increase of 51 per cent over the previous year.

At the end of fiscal 2003-04, the outstanding order-book position was Rs 1,246 crore, compared to Rs 790 crore for 2002-03.

Exports including deemed ones totalling Rs 154 crore accounted for about 24 per cent of the total turnover.

Export growth was 95 per cent over the previous fiscal figure of Rs 79 crore.

The Bangalore units have embarked on an Rs 90-crore, five-year `Strategic Plan 2007' that includes new business forays and modernisation of facilities.

At the end of the period, BHEL expects these units to achieve an annual turnover of Rs 1,700 crore.

The Electronics Division covers five products — control equipment, semiconductors and photovoltaics, energy meters, telecom and defence electronics.

In a short span of acquiring power automation technology from the US company MAMC, the Electronics Division has manufactured and supplied highly advanced systems for five power projects.

The Industrial Systems Group received a prestigious order worth Rs 61 crore from Indian Navy for a power system package for the Seabird Project.

It also bagged the Chennai metro water board's waste treatment plant order worth Rs 36 crore.

The future thrust will be on new areas such as transmission and distribution SCADA, remote metering solutions, a range of power station post insulators and polymer composite insulators, power distribution, bulk material handling, water management systems and oil rigs.

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