BHEL Bangalore turnover touches Rs 3000 cr, PBT up 35%

The three divisions of Bharat Heavy Electricals Limited in the city crossed the Rs 3,000 crore turnover mark for the first time in 2010-11 and their Profit Before Tax touched the Rs 900 crore mark, up by 35 per cent vis-a-vis last year, a top official of the company said on Saturday.

The turnover reached Rs 3,081 crore, a growth of 28 per cent over the 2009-10 net income of Rs 2,409 crore, said Mr G Ganapathiraman, Executive Director, BHEL’s Electronics and Industrial System Group.

The PBT of Rs 900 crore registered a 35 per cent growth from Rs 669 crore last year and the Bangalore division’s outstanding orders grew by 15 per cent to Rs 8,067 crore as against Rs 6,988 crore in 2009—10, he said.

“The order book can sustain us for another four years. We are fully booked for the next two—and—a—half years“. BHEL’s export turnover crossed Rs 1,099 crore and it has invested more than 140 crore in the last three years in its three units, he said.

The company will establish a glass insulator manufacturing unit at its Jagadishpur unit in Lucknow with an Rs 100 crore investment to meet orders placed by Power Grid Corporation of India, ABB and other clients. Of the Rs 3,815 crore orders it received, the bulk came from the private sector, he said.

Ganapathiraman said of the cumulative contracts for power plant equipment received by BHEL’s Bangalore division during the year, orders from private developers - including Avantha Power Infrastructure, Hindalco Industries Ltd, Indiabulls Group, Jindal Power Ltd, Jaypee Group, Sterlite Industries Ltd, Tata Group, Videocon Industries Ltd and Bajaj Hindustan - accounted for nearly 90 per cent of the total orders.

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