BHEL Bangalore grosses Rs3000 crore plus turnover

Three divisions of Bharat Heavy Electricals Limited, Bangalore crossed the Rs3,000-crore turnover mark for the first time in 2010-11 with their profit before tax touching the Rs900-crore mark, which is up by 35 per cent vis-a-vis last year, according to a top official of the company.

G Ganapathiraman, executive director, BHEL's Electronics and Industrial System Group said today the turnover reached Rs3,081 crore, a growth of 28 per cent over 2009-10 net income of Rs2,409 crore.

The PBT of Rs900 core was up 35 per cent from Rs669 crore last year and the Bangalore division's outstanding orders grew by 15 per cent to Rs8,067 crore as against Rs6,988 crore in 2009-10, he added.

He said the order book could sustain the company for another four years. He added the company was fully booked for the next two-and-a-half years.

The export turnover of BHEL crossed Rs1,099 crore and its investments in the in the three units totaled over Rs140 crore over the last three years in the units, he said.

The company has plans to establish a glass insulator manufacturing unit at its Jagadishpur unit in Lucknow with a Rs100 crore investment to meet orders placed by Power Grid Corporation of India, ABB and other clients. He added that of the Rs3,815 crore orders it had received, the bulk were from the private sector.

According to Ganapathiraman, of  the cumulative contracts for power plant equipment received by BHEL's Bangalore division during the year, nearly 90 per cent were from the 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.