This will fetch the company Rs.1,000 crore business annually after two years
Boiler Auxiliaries Plant of Bharat Heavy Electricals Limited (BHEL) in Ranipet has entered into a technical tie-up with Mitsubishi Heavy Engineering Industries, Japan, for manufacturing and supplying flue gas de-sulpherisation (FGD) system that removes sulphur dioxide from gases emitted by power stations.
T. N. Veeraraghavan, Executive Director, who signed the agreement on April 3, said BHEL was the only Indian company to share the crucial technology from Mitsubishi, and he hoped that this would fetch the company Rs.1,000 crore business annually after two years.
Addressing a press conference on Thursday, Mr. Veeraraghavan said that while major part of the FGD system was developed by BHEL, only about 5 per cent of the technical components were to be shared by the Japanese partner. The FGD system would reduce sulphur dioxide level in power plant gas emissions to 400 mg/Nm3 (milligram per normal meter cube), a permissible limit, from 1,500 mg/Nm3, he said.
“Indian coal has very low level of sulphur but when our plants start using imported coal, the problem of excess sulphur in gas emissions will come up,” he added.
Rs.1,118 crore profit
Mr. Veeraraghavan said “Ranipet unit of the BHEL has recorded a turnover of Rs.3,710 crore and a profit before tax of Rs.1,118 crore in 2012-13. Orders received during the year are worth Rs.1,741 crore as against Rs.1,005 crore in the previous year. Direct orders received by Ranipet has increased to Rs.437 crore from Rs.38 crore. BHEL Ranipet has entered into a contract for Rs.38 crore with Liquid Propulsion System Centre of Indian Space Research Organisation for machining satellite fuel tanks”.