Bangalore: Bharat Heavy Electricals Limited (BHEL) registered all time high turnover
of Rs 641 crore for the financial year 2001-02 representing a growth of 17 per cent
over the previous year's turnover of Rs 548 crore.
Earning a profit before tax of Rs 47 crore, these units achieved a jump of three
times as compared to Rs 15 crore during the previous year, a BHEL release said.
Strategic measures taken by the Bangalore units of BHEL paid rich dividends in the
form of Rs 623 crore record order booking during the year marking a growth of 24 per
cent over the previous year. At the end of the financial year, the outstanding order
book position of these units was Rs 628
crore.
The Bangalore units, as part of their future growth plan, have embarked on adding
modern facilities at an investment of over Rs 25 crore.
BHEL has also joined hands with the Indian Space Research Organisation (ISRO) for
making solar photovoltaic panels for satellite application. As part of the agreement
with ISRO, BHEL has already set up ultra-clean and modern facilities at an
investment of Rs 2.50 crore at its Electronic City plant in Bangalore to assemble
and test solar panels to the stringent quality norms.
With these prestigious projects, BHEL has reached a new high in its solar
photovoltaic business by doubling its production and turnover. During the year, the
company has added about 1,700 KW of solar power to the country's power generating
capacity.
On the export front BHEL Bangalore units executed a number of projects worth Rs 121
crore to various countries, registering an increase of 30 per cent over the previous
year. The exports turnover, thus, formed 19 per cent of their total turnover.
The units also received export order worth Rs 25 crore from Germany, Iraq, Sri
Lanka, USA and Kazakhastan for solar modules, gas turbine controls, steam turbine
controls, ceralin bends and SF6 hollow insulators.
At the company level, BHEL achieved a turnover of Rs 7,257 crore and a profit before
tax of Rs 631 crore during the financial year 2001-02, the release added.
PTI
