BHOPAL: During the just-ended financial year 2007-08, Bharat Heavy Electricals Limited-Bhopal has shown its “supremacy” in all areas of operations by registering a turnover of Rs.2808 crore and Rs.504 crore as profit before tax.
This was announced by BHEL-Bhopal unit Executive Director R. K. Singh at a press conference here on Friday. He said that during the last fiscal the unit registered a 20 per cent growth in value addition, which went up from Rs.1133 crore in 2006-07 to Rs.1155 crore in 2007-08. Similarly, cash receipts also went up by 31 per cent, touching Rs.3132 crore in 2007-08. Due to a cash surplus round the year, they could ensure payment to vendors within the stipulated period of 30, 60 or 90 days, he added.
Mr. Singh said another significant achievement was maintenance of production consistency round the year. This was in sharp contrast to the situation earlier when maximum production was recorded in the last quarter. “By maintaining production at a level throughout the year, we could maintain quality and were successful in economising output through better inventory control,” he said.
Mr. Singh said BHEL-Bhopal had a record export turnover of Rs.368 crore and the order inflow also went up to Rs.4014 crore during 2007-08.
Realising its social responsibility, BHEL-Bhopal would soon be setting up an old age home, he said, adding that it was also starting a business school this year.