Millennium Post

Bhel turnover crosses Rs 50K cr, net profit doubles in 5 years

Bharat Heavy Electricals Ltd (Bhel) notched up its highest ever turnover of Rs 50,015 crore in fiscal 2012-13, crossing the Rs 50,000 crore mark for the first time.

Addressing a Press conference in New Delhi, Bhel Chairman & Managing Director B Prasada Rao said that during the just concluded financial year, the company's profit after tax ((PAT) stood at Rs.6,485 crore while profit before tax (PBT) was Rs.9,231 crore.

Significantly, the turnover and net profit have more than doubled in the last five years. An interim equity dividend of 106 per cent was paid for fiscal 2012-13, maintaining the public sector undertaking's (PSU) track record of paying dividends uninterruptedly since 1976-77.

Despite the subdued business conditions in the power & infrastructure sectors, both global and domestic and intense competition in Indian and overseas markets, Bhel’s order inflows surged by nearly 43 per cent to Rs 31,528 crore during the year.

At the end of the year, the cumulative orders in hand for execution in 2013-14 and beyond stood at 1,15,180 crore. During the financial year, Bhel pursued aggressive in-house efforts and emphasised on innovation. As a result, the company has registered 4.1 per cent growth research and development (R&D) investment to Rs.1,248 crore over the last financial year.

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.

Its turnover from in-house developed products and services touched Rs 9,643 crore, which is 19.3 per cent of the company's overall turnover.

Significantly, nearly 70 per cent of the country’s total generation of 691 billion units from thermal utility sets in 2012-13 was contributed by Bhel supplied sets.

During the fiscal, Bhel achieved the highest ever commissioning, totaling 10,340 mw of power plant equipment, inclusive of 9,328-mw utility and 703-mw captive/ industrial sets in the country. The PSU also accounted for 309 mw addition in overseas markets.

This included 10 500-mw and one . 600-mw thermal sets. The installed capacity of Bhel-supplied utility sets went up to 1,15,500 mw and the company maintained its lion’s share in the country's total installed capacity.
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