Financial Daily from THE HINDU group of publications Thursday, Jul 22, 2004 |
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Corporate
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Announcements BHEL unit bags Rs 80-cr Omani order M. Somasekhar
Mr B. Ramachandra Rao, Executive Director, BHEL
Hyderabad , July 21 BHEL Ramachandrapuram has bagged a Rs 80-crore order from the Petroleum Development Corporation (PDO), Lekhwair, Oman for supply of the latest centrifugal gas compressor. With this order, which is to be executed in 15 months, the public sector utility company has bagged a total of Rs 584-crore worth orders during the first quarter of the current fiscal. In an interview with Business Line, Mr B. Ramachandra Rao, Executive Director of BHEL, Ramachandrapuram, said some more orders from PDO, Oman are expected in the near future. The company has also got an order from Thai Carbon for the supply of a 15.3 MW steam turbine unit. Having logged Rs 491 crore exports out of the total turnover of Rs 1,755 crore for the fiscal 2003-04, the company has made an aggressive foray with bids in several countries including Libya, Oman, Australia, Brunei, Bangladesh and Indonesia for the supply of gas turbines generators to outdo last years exports, Mr Rao said. Hoping to breach the Rs 2000-crore turnover mark by end of this fiscal, the unit has geared up its capacities in the areas of turbines, pulverisers, heat exchangers, pumps and advance technology gas turbines to meet the expected demands from larger megawatt power stations being planned in the country, he said. On the domestic front also, the company received 9 orders worth nearly Rs 500 crore. With the National Thermal Power Corporation (NTPC) going in for 660 MW supercritical power plants, the unit has strengthened its facilities to supply the necessary components.In the supply of gas turbines for customers like NTPC, Reliance Group etc, BHEL has forged tie-ups with both GE and Siemens to execute orders on demand. Refurbishment of oil rigs supplied to the Oil India Ltd and the Oil and Natural Gas Corporation (ONGC) continued to be a big earner with Rs 150-200 crore per annum. As per an MoU signed with ONGC, refurbishing of 52 drilling rigs, 35 work over rigs and the supply of 25 work over rigs has to be executed over a 4-5 year period with a work order of Rs 1,800 crore. Oil India Ltd orders are expected to bring in another Rs 350-400 crore, Mr Rao said. As a future line of diversification the Ramachandrapuram unit is studying the potential for bio-mass-based power plants of 6 MW to 10 MW.
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