BHEL’s Turnover surges past the Rs.50,000 Crore mark

(by staff reporter)

BHEL’s Turnover surges past the Rs.50,000 Crore mark; Turnover & Net Profit more than double in last 5 years;

Highest-ever generating capacity addition of 10,340 MW

 

New Delhi: During fiscal 2012-13, Bharat Heavy Electricals Limited (BHEL) notched up its highest-ever turnover of Rs.50,015 Crore, going past the Rs.50,000 Crore mark for the first time. This was disclosed by Mr. B. Prasada Rao, Chairman & Managing Director, BHEL, at a press conference in New Delhi.

 Mr. Rao said that during the year Net Profit (PAT) stood at Rs.6,485 Crore, while Profit Before Tax (PBT) was Rs.9,231 Crore. Significantly, Turnover and Net Profit have more than doubled in the last five years. An interim equity dividend of 106% was paid for 2012-13, maintaining the track record of paying dividends uninterruptedly since 1976-77.

 Despite subdued business conditions in the Power & Infrastructure sectors coupled with intense competition in domestic and overseas markets, BHEL’s order inflow surged by nearly 43% at 31,528 Crore, during the year. At the end of the year, cumulative orders in hand for execution in 2013-14 and beyond, stand at 1,15,180 Crore.

 BHEL pursued aggressive in-house efforts and encouraged innovation emphasised on innovation. As a result, R&D investment of the company has registered 4.1% growth over the last financial year at Rs.1,248 Crore. BHEL also filed the highest-ever 385 patents and copyrights in a year, enhancing the company’s intellectual capital to 2,170 patents and copyrights filed, which are in productive use. Turnover from in- house developed products and services touched Rs.9,643 Crore, which is around 19.3% of the turnover of the company.

 Significantly, nearly 70% of the country’s total generation of 691 Billion Units from Thermal Utility Sets in 2012-13 was contributed by BHEL supplied sets.

 In the year, the highest ever commissioning was achieved by BHEL for totaling to 10,340 MW of power plant equipment during the year inclusive of 9,328 MW Utility and 703 MW Captive/Industrial sets in the country and309 MW in overseas markets. This included 10 nos. 500 MW and 1 no. 600 MW thermal sets. Notably, the installed capacity of BHEL supplied Utility sets went up to 1,15,500 MW and BHEL maintained its lion’s share in the country’s total installed capacity