BHEL-Trichy posts Rs 1,496cr PBT in FY08

Bharat Heavy Electricals Limited (BHEL's) Tiruchirappalli (Trichy) unit's profit before tax increased 161 per cent to Rs 1,496 crore in 2007-08 (provisional) from Rs 872 crore in 2006-07.

The Trichy unit's turnover increased by 21 per cent to Rs 5,606 crore during 2007-08, compared to Rs 4,606 crore in 2006-07, the company said.

During the year, the order book increased by 24 per cent to Rs 10,200 crore from Rs 8,217 crore a year earlier.

The company also bagged fresh orders from overseas customers. The year ended with highest ever outstanding orders of Rs 17,400 crore (Rs 12,131 crore).

Gearing up to meet the nation's power needs in the XIth Five Year Plan, and thereafter, BHEL is pursuing implementation of capacity augmentation schemes.

It will invest Rs 732 crore under Phase II plans to increase manufacturing capacity from the present 10,000 MW to 15,000 MW (equivalent) by March 2009.

This follows the first phase of expansion which was completed on schedule by December 2007 at an investment of Rs 190 crore.

In 2007-08, BHEL Trichy also entered the super-critical league by bagging orders to supply two super critical boilers of 660 MW capacity from NTPC for Barh Stage II. The company also entered into MoU with the Tamil Nadu Electricity Board (TNEB) for the first 2x800 MW supercritical thermal power project coming up in Tamil Nadu.

In the power sector business segment, BHEL-Trichy received orders for 12,420 MW of utility boilers and auxiliaries as well as captive power generation. Orders also poured in for new boiler variants with capacities of 600 MW, 525 MW and 270 MW. Fossil Boiler, the largest product in entire BHEL, achieved an annual output of more than Rs 3,100 crore.

In fiscal 2008, BHEL-Trichy's first ever overseas order for supplying two 135 MW capacity circulating fluidised bed combustion boilers was received from a joint venture company, Xstrata PLC of Switzerland, and a New Caledonian company.

The first ever export order for well heads was received from Myanmar. Twenty-four sets of oil field equipment were supplied during the year to Daleel Petroleum, Oman.