BHEL registers best-ever growth | india | Hindustan Times
Today in New Delhi, India
Oct 22, 2017-Sunday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

BHEL registers best-ever growth

BHARAT HEAVY Electricals Limited (BHEL) Bhopal unit has registered the highest ever growth of 19 per cent since its inception, with its turnover increasing to Rs 1,825 crore in the fiscal ended on March 31, 2006 from the previous year?s Rs 1,534 crore in production.

india Updated: Apr 05, 2006 13:51 IST

BHARAT HEAVY Electricals Limited (BHEL) Bhopal unit has registered the highest ever growth of 19 per cent since its inception, with its turnover increasing to Rs 1,825 crore in the fiscal ended on March 31, 2006 from the previous year’s Rs 1,534 crore in production.

Addressing a press conference here today, BHEL, Bhopal Executive Director PT Deo said the Bhopal unit has set the ambitious target of Rs 2,330 crore for 2006-07 as order book position of the company had already swelled.

The Bhopal unit, known as the mother unit, manufactures equipment, mainly heavy engineering machinery for power transmission, industry, transportation, non-conventional energy, oil and gas exploration and telecommunications.

“The unit has not only maintained its excellent performance on all counts but also incorporated several changes to further improve its working atmosphere,” he said, adding “all out efforts are being made to exploit the growing demand of power.”
“BHEL is fully prepared to meet the growing demands of power,” he added.

Highlighting achievements through power-point presentation, Deo said the unit excelled in each and every operation including turnover, value addition, profit before tax, cash collection and also increased its export turnover.

He congratulated BHEL executives and workers for working as a team for the double-digit growth in every sphere. On export, he said during the year 2005-2006, the unit registered highest export turnover of Rs 312 crore. It exported products to several countries including Bangladesh, Uganda, Nigeria, UAE and Sudan.

“Increase in the export shows that the company is fulfilling the international quality norms against stiff global competition from MNCs,” he said.

Referring to the contribution by the unit in power sector, the ED said the Bhopal unit has commissioned various sets across the country, some of which in record time.

He also explained in detail about the steps taken by the unit in manufacturing, technological breakthrough, augmentation of available resources, nuclear sector and oil sector. Besides, the ED also threw light on the steps taken by the unit for modernisation, renovations and for winning employees’ confidence and support.

On diversification, he said the field was wide open for BHEL because the company had talented and experienced staff.