The Hindu : Business : BHEL-PSSR turnover crosses Rs. 1,000-cr. mark

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Wednesday, Apr 08, 2009
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BHEL-PSSR turnover crosses Rs. 1,000-cr. mark

Corporate Reporter

Adds 885 MW to the grid during 2008-09.

CHENNAI: BHEL-PSSR (Power Sector-Southern Region) has crossed the Rs. 1,000-crore mark and recorded a turnover of Rs. 1,000.40 crore in the year ended March 31, 2009 against Rs. 675 crore in 2007-08.

Addressing a press conference here on Monday, P. R. Shriram, Executive Director, said BHEL-PSSR, which is the EPC (engineering, procurement and construction) wing of BHEL in charge of projects in the southern region as also abroad, added 885 MW to the grid during 2008-09. Fifteen sets were overhauled and seven sets were repaired during the year.

The company made a lower profit before tax of Rs. 70 crore against Rs. 104 crore on account of increase in input costs.

New orders

Mr. Sriram said during the year, the company received new orders of Rs. 2,919.26 crore, which include 2 x 500 MW Tuticorin thermal power project (BTG and civil) for Rs. 861 crore, 2 x 600 MW Malwa thermal power project (turnkey) for Rs. 752 crore, 1 x 600 MW North Chennai stage-II (EPC) for Rs. 556.51 crore. He said PSSR now presently executing projects (both erection and commissioning) totalling to 15,557 MW.

The total order book outstanding as on date was Rs. 4,222 crore

On the performance of BHEL sets, he said ten power stations in the region had achieved a plant load factor of more than 80 per cent.

The company has fixed a target of Rs. 1,300 crore turnover for the current year.

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