BHEL aims to commission 20,000 MW equipment this fiscal
State-run Bharat Heavy Electricals (BHEL) today said it expects to commission over 20,000 MW equipment, which includes overseas projects, in the current fiscal.
September 20, 2011 / 19:58 IST
State-run Bharat Heavy Electricals (BHEL) today said it expects to commission over 20,000 MW equipment, which includes overseas projects, in the current fiscal.
Addressing shareholders at the annual general meeting here, BHEL Chairman and Managing Director B Prasada Rao said the company's strategy to improve execution capabilities include vendor base expansion, rate contracts and enhanced outsourcing."The company has set an ambitious target of commissioning over 20,000 MW comprising utilities, industrial and overseas projects during 2011-12," he said. In 2010-11, BHEL commissioned 9,442 MW of power equipment. This includes 52 sets of equipment with a combined capacity of 7,667 MW, commissioned within the country and abroad.Noting that BHEL is on track to become a 20,000 MW company by March 2012, Rao said the company would continue expanding its offerings in new growth areas such as solar, nuclear, transportation, transmission & distribution and water.Further, the state-run major would focus on developing economically viable solar power. "With an order book position of over Rs 1,64,145 crore -
the highest-ever both in physical as well as financial terms, at the close of financial year (2010-11), the company expects to achieve robust growth in 2011-12 and beyond," Rao said. According to him, the outlook for the company's export markets remains cautious. "Recent developments in the Arab world have also adversely affected business prospects in our traditional markets. "In spite of such challenges, BHEL was able to sustain its exports momentum with a physical export order inflow of Rs 3,738 crore from 24 countries spread over five continents," he added.BHEL is also developing Advanced Ultra Supercritical (Adv-USC) technology in association with the Indira Gandhi Centre for Atomic Research (IGCAR) and NTPC. In addition, the company is establishing a Centre for Nano Technology (CNT) at its corporate R&D division in Hyderabad. BHEL recorded a profit of Rs 9,006 crore for the 2010-11 financial year and all-time high turnover of Rs 43,337 crore. The company declared a dividend of Rs 1,525 crore. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
