Business Daily from THE HINDU group of publications
Tuesday, Sep 18, 2007
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Business Daily from THE HINDU group of publications Tuesday, Sep 18, 2007 ePaper |
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Electrical Goods Corporate - Outlook
BHEL looking at a six-fold increase in physical exports over the next five years. The company had booked export orders worth Rs 1,903 crore in 2006-07. 
Mr A.K. Puri, Chairman & MD, BHEL. (File photo) Our Bureau New Delhi, Sept. 17 Bharat Heavy Electricals Ltd is targeting a turnover of Rs 45,000 crore by 2012. The state-owned engineering major is actively scouting for mergers and acquisition (M&As) opportunities in the domestic and overseas markets, and is looking at a six-fold increase in physical exports over the next five years. The company has charted out a ‘Strategic Plan 2012’ to ensure sustainable profitable growth over the next five years with the objective of reaching a turnover level of Rs 45,000 crore, the BHEL Chairman and Managing Director, Mr A.K. Puri, told shareholders at the company’s 43rd annual general meeting here. He said the M&A route would be pursued to avail itself of inorganic growth opportunities to enlarge the company’s operations both in domestic as well as export markets. Future plansOutlining the company’s future plans, Mr Puri said the growth during the next five years would be driven by capacity and capability enhancement that will leverage BHEL’s expertise in its core area of power, supported by the industry segment, transmission, exports and spares, and services businesses. Buoyed by robust demand, BHEL’s turnover hit an all-time high of Rs 18,739 crore in 2006-07, registering a growth of 29 per cent, while net profit increased by 44 per cent to touch Rs 2,415 crore during the fiscal. Mr Puri declared a final dividend of 60 per cent on the enhanced paid-up share capital consequent to 1:1 bonus issue. The company paid the highest ever dividend of nearly Rs 600 crore for 2006-07, which is 245 per cent of the paid-up capital pre-bonus, he said. ‘Robust growth’Mr Puri said with an order book position of Rs 55,000 crore, BHEL expects to achieve robust growth during the current fiscal and beyond. He said that the company was well on its way to increasing its size of operations supported by phased manufacturing capacity expansion, where a capacity of 10,000 MW per annum will be ready by December 2007 and 15,000 MW per annum by December 2009, he said. On the export market, he said the company continued to expand its international footprint by entering new markets and building existing ones. The company booked export orders worth Rs 1,903 crore in 2006-07 against an average yearly order book of Rs 1,275 crore of the last five years. The BHEL share was down marginally at Rs 1,897.40 on the BSE on Monday. The 52-week high for the stock stood at Rs 2,922.50 per share while the 52-week low was at Rs 1,301. More Stories on : Electrical Goods | Outlook | Mergers & Acquisitions | Bharat Heavy Electricals Ltd
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