SEARCH

BHEL Tiruchi’s profit up marginally

Special Correspondent
print   ·   T  T  
A. V. Krishnan
A. V. Krishnan

BHEL Tiruchi Complex has recorded a turnover of Rs.15,003 crore during 2012-13 against the previous year’s Rs.14,689 crore. But it was way short of its target of Rs.17,251 crore.

There was no turnaround in the demand situation; not a single new order was placed by the private sector. However, the Executive Director of the Complex A. V. Krishnan hoped that the reforms initiated by the Central Government would help BHEL finalise private sector projects to the extent of 16,000-17,000 MW during the course of the year.

For the current financial year, it would have last fiscal’s turnover as the target. Volume of project supplies would also be maintained at the same level of 5.4 lakh tonnes, he said, addressing a press conference here on Tuesday.

The Tiruchi Complex ended the year with an order book of Rs.24,902 crore. Last year, the order book stood at Rs.28,294 crore, but the inflow of orders worth Rs.7,585 crore this year was 34 per cent more than previous year’s Rs.5,653 crore.

The profit before tax at Rs.3,193 crore reflects a marginal rise by Rs.21 crore over the previous year.

Mr. Krishnan said that 10,340 MW of thermal and captive power plant equipment were commissioned during the year.

The first unit of 600 MW rating supplied by BHEL to the North Chennai Power Plant had reached full load, he said.

In-house engineering and manufacturing had been fully established for the entire range of supercritical boilers and related range of high pressure valves and piping, Mr. Krishnan said. There was a quantum jump in investment on capacity augmentation from Rs.230 crore in 2011-12 to Rs.1,500 crore.

The Power Plant Piping Unit at Thirumayam had been fully operationalised, Mr. Krishnan said. At the stainless steel tube plant, state-of-the-art cross piercing elongation technology had been integrated for higher productivity.

Expenditure on research and development reached Rs.415 crore. About Rs.3,200 crore was earned from commercialising new technology and product improvements.

During the year, the BHEL Tiruchi Complex filed 103 new patent and copyright applications.


O
P
E
N

close

Recent Article in BUSINESS

Only name will change for Bandhan, says Ghosh

Even as Bandhan Financial Services Pvt. Ltd. (BFSPL) readies itself for its banking foray, its founder-chairman Chandra Shekhar Ghosh say... »