Bharat Heavy Electricals Ltd., Tiruchi Complex, is confident of accelerating growth, overcoming the slowdown in the power sector.
The slowdown accentuated by competition from foreign and domestic players reflected in a marginal decline in profit before tax.
The profit last year dropped to Rs. 3,120 crore on an all-time higher turnover of Rs.14,600 crore against Rs.3,253 crore on a turnover of Rs.12,399 crore in the previous year.
“We expect that bids stalled due to delay in project finalisation caused by factors such as coal and environmental clearances would fructify in the first quarter of this fiscal,” A.V. Krishnan, Executive Director, BHEL, Tiruchi, told media persons at the annual press conference here on Wednesday.
BHEL, Tiruchi, had now outstanding orders worth Rs.28,294 crore, including orders for Rs.5,456 crore secured this year, he said, adding that the existing customers — DB Power, NTPC and Abhijeet Projects — had reposed faith by placing repeat orders.
The turnover target had been set at Rs.17,251 crore for the current fiscal, he said.
On capacity augmentation, Mr. Krishnan said a capital investment of Rs.239 crore was made in 2011-12 to attain installed capacity of 15,000 MW annually, corresponding to 20,000 MW for the corporation. Trial production of the power plant piping unit at Tirumayam had started, he said.
R & D
A sum of Rs.413 crore was spent on research and development, and specialists were inducted into research and development, coal research and welding research, he said. Earnings from commercialisation of R & D were Rs.3,269 crore.
There was 22 per cent growth in turnover out of in-house R & D, Mr. Krishnan said.
On engineering and technology development, Mr. Krishnan said the BHEL had successfully completed the conceptual design of an 800 MW advanced ultra super critical steam generator and was working closely with IGCAR and NTPC to design, develop and build advanced ultra super critical units as part of the national technology mission to reduce emissions.
