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BHEL upbeat on biz despite slowdown

Despite the slowdown, the state-owned BHEL says it is flush with orders for supply of equipment to the power and other industrial sectors. HT Correspondent reports.

business Updated: Apr 02, 2009 23:04 IST

Despite the slowdown, the state-owned BHEL says it is flush with orders for supply of equipment to the power and other industrial sectors.

“The order inflow has been phenomenal in spite of slowdown and we have a order book of Rs 59,687 crore,” BHEL chairman and managing director Ravi Kumar told a news conference on Thursday.

The company, he said, has secured orders worth Rs 10,254 crore in 2008-09 in captive power, transportation, power transmission, oil & gas and other industrial segments. BHEL also received bulk orders for 40 transformers from Coastal Gujarat Power Ltd, a Tata Power special purpose vehicle, for executing the 4,000 MW ultra mega power project at Mundra.

BHEL’s profit after tax (PAT) increased 6.29 per cent in the financial year ended March 31, 2009, to Rs 3,039 crore over the corresponding period a year ago. The company had a PAT of Rs 2,859 crore in 2007-08.