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Our Bureau

Hyderabad , April 7

BUOYED by the highest ever profit (PBT) of Rs 308 crore recorded during the fiscal ended March 31, 2005, Bharat Heavy Electricals Ltd (BHEL), Hyderabad, has set a target of Rs 2,675 crore turnover for the current fiscal, which works out to a growth of 52 per cent over the turnover of Rs 1,755 crore achieved during the fiscal 2004-05.

Announcing this at the annual press conference here, the Executive Director of BHEL, Hyderabad, Mr B. Ramachandra Rao, said the company now has a healthy order book of Rs 3,666 crore for the current fiscal, which was again the highest ever. It started last fiscal with an order book position of Rs 2,518 crore and booked fresh orders of Rs 2,683 crore during the year.

For the fiscal 2004-05, BHEL unit achieved a PBT of Rs 308 crore against Rs 158 crore in the previous fiscal. According to Mr Rao, the productivity improvement activities have resulted in a saving of Rs 82 crore (Rs 48 crore).

Having invested Rs 30 crore on expansion-cum-modernisation during last fiscal, BHEL has firmed up capital investments of Rs 140 crore for the next two years, which includes facilities for manufacturing and testing of advanced class gas turbines, Mr Rao said.

With recent gas finds in the country and the revival of interest by National Thermal Power Corporation (NTPC), the business in large size gas turbines was expected to catch momentum. According to Mr Rao, large and advanced class gas turbines (240MW class) ordering process has already started.

Though BHEL had a corporate plan of achieving Rs 2,700-crore turnover by March 2007, owing to buoyant order book it now targets a turnover of Rs 2,675 crore for the current fiscal itself, Mr Rao said.

On the services to customers, Mr Rao said BHEL kept up its commitment to provide prompt and efficient services to the customers, ensuring uninterrupted power supply to their plants. BHEL had also taken up upgradation and commissioning of oil rigs at ONGC projects of Shivsagar, Rajahmundry, Mehasana and Ahmedabad and also for Oil India Ltd in record time, he said.

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