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Bangalore-based divisions of Bharat Heavy Electricals Limited (BHEL) have reported 10.35 per cent decline in turnover at Rs 3,360 crore for the year-ended March 31, 2013. The three divisions - electronics division, industrial system group and ceramic business unit - of BHEL had reported a turnover of Rs 3,748 crore for the year 2011-12.
The divisions received orders worth Rs 3,390 crore, while the total outstanding orders stood at Rs 7,975 crore. The export turnover stood at Rs 1,062 crore. "Highly sluggish and competitive market resulted in the slow conversion of orders during the last fiscal. The power equipment industry has seen several delays in large projects in the last two years. Delays in regulatory approvals has hurt the business," K C Ramamurthy, executive director (EDN), said.
The Electronics Division (EDN) of BHEL recorded a 26 per cent decline in turnover for 2012-13 at Rs 1,708 crore while its profit before tax dipped 62.5 per cent to Rs 312 crore as against Rs 832 crore in the previous year. Its order book went up 46.28 per cent to Rs 1,318 crore taking the total outstanding orders to Rs 3,805 crore.
EDN is fully geared up to manufacture, test, supply and commission products and systems up to 20,000 Mw per annum, he said.
However, defying slowdown, the industrial systems group (ISG) of BHEL reported 16 per cent growth in turnover at Rs 1,161 crore and 7 per cent growth in profit before tax at Rs 161 crore for the year ended March 2013. Its order book went up 13 per cent to Rs 3,692 crore.
The ISG clinched the first ever direct order for coal handling plant package of a supercritical power plant for Meja TPP (2x660 Mw) of Meja Urja Nigam Pvt Ltd in Uttar Pradesh, a joint venture of NTPC and UPRVNL during the last fiscal.
ISG is presently executing its largest raw material handling system for a 3 MTPA integrated steel plant of NMDC at Nagarnar, Chhattisgarh.
Ceramic Business Unit (CBU) has reported 13 per cent rise in turnover at Rs 491 crore during the fiscal 2012-13 with a profit before tax of Rs 49.32 crore. Its export turnover has crossed Rs 111 crore and the order book stood at Rs 478 crore.
