BHEL registers 31% growth in profit in last quarter
State owned power equipment maker BHEL on Friday reported a 31% jump in its net profit at Rs 1,403 crore for the quarter ended December 31, 2010, on the back of robust growth in sales.
The company had reported a net profit of Rs 1,072 crore in the same quarter, previous financial year (2009-10), BHEL said in a filing to the Bombay Stock Exchange (BSE).
Income from operations (or sales) of the company rose 26% from Rs 7,386 crore in the quarter ended December 31, 2009 to Rs 9,280 crore in the quarter ended December 31, 2010. BHEL's sales comprises power business, industry business and international operations.
The current order book of the company stands at Rs 1,58,000 crore at the end of the second quarter, the filing added.
The company has established the capability to deliver equipment that generate 15,000 MW of electricity and further augmentation to 20,000 MW is underway.
Recently, BHEL won the EPC contract for the first 700 MW supercritical unit at the Bellary Power Project in Karnataka from Karnataka Power Corporation Limited (KPCL). EPC (Engineering, Procurment and Construction) work on the two super critical thermal power plants will start soon and will take about 36 to 48 months time to complete.