BHEL eyes Rs 44k cr turnover by 2011-12
BHEL posted a net profit of Rs 2,385 crore for the year 2006-07 as against Rs 1,679 crore in 2005-06.
By PTI |
NEW DELHI: Aiming to more than double its turnover to $10 billion (nearly Rs 44,000 crore) by 2011-12, equipment manufacturer BHEL today reported a 42 per cent jump in its net profit for 2006-07.
The state-run BHEL posted a net profit of Rs 2,385 crore for the year 2006-07 as against Rs 1,679 crore in 2005-06.
The company's turnover also increased by 29 per cent to Rs 18,702 crore as compared to Rs 14,525 crore in same period a year ago.
"BHEL plans to have 15,000 MW power equipment manufacturing capacity during the 11th plan," BHEL CMD Ashok K Puri told a news conference.
The state-run company has expanded its global footprint with Kazakhstan being its latest foray. BHEL already has significant presence in Sudan, France, Egypt, Afghanistan, Bangladesh, Sweden and Oman.
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"A strategic plan for ensuring a sustainable and profitable growth for the company has been drawn up to enable the company's turnover to grow from 4 billion dollars to 10 billion dollars by 2011-12," Puri said.The plan focuses on capacity and capability enhancement that will leverage the company's efforts in its core area of power, supported by industry, transportation, transmission, exports and spares & services businesses, he added.
Puri said the total export turnover (physical and deemed) reached Rs 6,355 crore. Physical exports rose 38.9 percent to Rs 1,029 crore.
Order inflows in 2006-07 was pegged at Rs 35,633 crore.
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"The year-end outstanding order book to that around is Rs 55,000 crore," Puri said. Start a SIP with as low as ₹500 with ET Money App!
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