BHOPAL, 8 April 2007 — India’s giant pubic sector undertaking Bharat Heavy Electricals Limited (BHEL), Bhopal unit has recorded a turnover of Rs.22.86 billion (about $530.8 million) in the financial year 2006-07 against the target of Rs.22.84 billion ($530.4 million) set the previous year. This is Rs.20 million ($460,000) more than the target set last year or a growth of 24.7 percent this fiscal year.
Profit before tax (PBT) was also a new time high of Rs.4.14 billion (about $96.1 million).
At a press conference on Wednesday on the company’s performance in the recently completed financial year 2006-07, R.K. Singh, executive director of BHEL, said that export turnover has also increased from Rs.2.38 billion ($55.2 million) in 2005-06 to Rs.3.340 billion ($77.5 million) in 2006-07. Exports went to the UAE, Greece, Sudan, Uganda, Nigeria and Bangladesh.
Overall turnover rose to Rs.187.020 billion ($4.34 billion) from Rs.14.5250 billion achieved in 2005-06. PBT grew to Rs.36.75 billion ($853.4 million) from Rs.2.56 billion. Orders inflow was Rs.35.63 billion compared to Rs.18,9380 billions ($43.98 million).
Manufacturing capacity of 10,000 MW will be further stepped up to 15,000 MW during XI Plan period. R&D expenditure at Rs.2.380 billion ($55.2 million), 58 percent higher than that of the previous year. Six sets of various ratings at NTPC Power Stations, Reliance Power and AECO operated at record PLF of 100 percent.
