BHEL bags Rs 50,000 cr order to supply critical equipments

BHOPAL: Public sector giant, Bharat Heavy Electricals Limited (BHEL) bagged Rs 50,000 crore order for supply of critical equipments including transformers for power generation in the last fiscal ended March 31.

"Competition is growing. Inspite stiff challenges from India's Crompton and Greaves and International player like Siemens, BHEL bagged order of over Rs 50,000 crore including Rs 1200 crore for export", BHEL Bhopal unit Chief Executive Officer R K Singh told reporters today at the annual press conference here.

Singh said the unit bagged an order of Rs 4,014 crore during 2007-08, as compared to Rs 3,065 during 2006-07.

At the national level, BHEL bagged an order of Rs 23,000 crore while it was just Rs 16,000 crore two years back.

He said the unit has earned Rs 504 crore profit during 2007-08 as compared to Rs 410 earned during 2006-07, registering a profit of atleast 23 per cent over the last year.

It has also registered an increase of more than 15 per cent in turn over, Singh said and added that the export turnover of Rs 368 crore was more than 32 per cent as compared to previous year.

He said by June-July 2008, the BHEL would be able to achieve 30,000 MW target of power generation, which is 18,000 MW at present.