Financial Daily from THE HINDU group of publications
Wednesday, Apr 06, 2005
Financial Daily from THE HINDU group of publications Wednesday, Apr 06, 2005 |
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Corporate
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Performance BHEL Bangalore units record 125% rise in PBT at Rs 200 cr Our Bureau
Bangalore , April 5 THE three Bangalore units of Bharat Heavy Electricals (BHEL) Ltd have recorded a turnover of Rs 818 crore for the 2004-05 fiscal. This is a 24 per cent growth over the sales figure of Rs 658 crore for the previous fiscal. The Electronics Division , Electroporcelains Division and Industrial Systems Group showed all-round improvement in their operations with a profit before tax of Rs 200 crore, an increase of 125 per cent over the previous year's PBT of Rs 89 crore. Their order book inflow touched a record high of Rs 1,417 crore, or 42 per cent increase over Rs 997 crore orders they got during 2003-04. At the end of fiscal 2004-05, the outstanding order book position of these units stood at Rs 1,990 crore. The three units are in the business of power plant automation, solar photovoltaic systems for both terrestrial and space applications, space-quality batteries, smart card based pre-paid energy meters, bulk material handling, distribution business, water management systems, products for the steel and oil sectors and new insulators. A BHEL release said, "Sustained performance by the company became possible as a result of strategic management with a blend of appropriate measures including improvements in operational efficiencies, benchmarking against international standards, prudent financial management, upgrading manufacturing facilities and dynamic HRM policies." The Electronics Division reached a milestone in setting up modern power plants in the country, with the commissioning the first unified control & instrumentation solution for the 500-MW Ramagundam Thermal Power Station in Andhra Pradesh and the synchronisation of the 500-MW unit at the Rihand Thermal Power Station in Uttar Pradesh. The company has also commissioned the first two sets of the Almatti Hydro Electric Project based for the first time on the new automated and remote controlled maxDNA technology. Another project based on this technology, the 500-MW Bellary Thermal Power Project of KPCL, is slated for completion in record 36 months. BHEL has a technology tie-up with Metso Automation, USA, for the new remote connectivity technology. It said it had booked record orders worth Rs 1,800 crore for these systems so far. The Electronics Division has handed over the first three space quality batteries to the ISRO for use on its satellites. IT also fabricates space grade solar panels for ISRO. BHEL-ISG has commissioned the 40-mld (million litres a day) sewage treatment plant of the Chennai Metropolitan Water Supply & Sewerage Board at Nesapakkam. This plant is the first of its kind to be executed by BHEL and treats sewage, discharges it into the Adayar River and also generates electricity from bio-gas. On the export front, the three units executed a number of physical and deemed projects worth Rs 94 crore in Indonesia, Germany, Italy, Libya, among others. BHEL said the company's strategic plan aimed at expanding business activities is in operation at the three units. It is creating modern facilities for the manufacture and testing of these products and systems.
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