BHEL, Tiruchirappalli profit before tax dips 10.84%

The Tiruchirappalli complex of Bharat Heavy Electricals Limited (BHEL) has recorded a 10.84 per cent dip in its profit before tax at Rs 148 crore for the year ended March 31, 2005 as against Rs 166 crore in the same period last year.

According to a company release, it registered a 13.2 per cent jump in revenues for the fiscal ended March 31, 2005 at Rs 2,394 crore, compared to the Rs 2,078 crore that it earned in the same period last year.

The Tiruchirappalli unit's order book stood at Rs 7,078 crore. Commenting on the performance highlights, A K Mathur, executive director, BHEL, Tiruchirappalli complex said that BHEL had bagged the single largest contract from an independent power producer (IPP) - Jindal Power Limited for the supply of four 250 MW units.

In 2004-05, BHEL, Tiruchirappalli, bagged orders worth Rs 3,944 crore.Talking about the growth plans for the Tiruchirappalli complex, Mathur said that the current strong order book and project commitments would require the turnover to grow by approximately 50 per cent in the current financial year.

In view of the large anticipated investment in power sector, proposals to augment the boiler production capacity from 4,000 MW to 6,000 MW a year are being given shape.