BHEL registers double digit growth

BHEL has achieved a capacity addition of 45,274 MW during the 12th five year plan period

GN Bureau | May 30, 2017


#capacity addition   #BHEL   #PSU  


 Bharat Heavy Electricals Limited (BHEL) has achieved double digit growth and registered profit in 2016-17 fiscal.

It has recorded a turnover of Rs 28,840 crore in 2016-17 fiscal, up 11 percent over the previous year - after reversing the trend of negative topline growth prevailing for the last three years.

The enterprise also returned to profitability with a profit before tax (PBT) of Rs 628 crore, compared to a loss of Rs 1,164 crore in the last fiscal.
 An interim equity dividend of 40 percent has been paid for 2016-17, maintaining the track record of paying dividends uninterruptedly since 1976-77. In addition, the company has recommended a final dividend of 39 percent, subject to the approval of shareholders. With this, the total dividend for the year 2016-17 would stand at 79 percent, a release said.
 
 Notably, enhanced focus on project execution has resulted in BHEL achieving a capacity addition of 45,274 MW during the 12th five year plan period (2012-17), surpassing the target of 41,661 MW set by the government for BHEL, by 9 percent. With this, BHEL continues to remain the single largest contributor to the country’s power generation capacity addition.
 

Comments

 

Other News

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Cabinet approves viability gap funding to develop grid-scale energy storage systems

The Union Cabinet, chaired by PM Narendra Modi, has approved the Viability Gap Funding (VGF) Scheme for Development of Grid-Scale Energy Storage Systems, with a total financial support of Rs.14,500 crore for the period FY 2026-27 to FY 2030-31. The scheme aims to support the development o

Cabinet creates a pathway to absorb Agniveers in Defence Forces

An objective assessment in terms of organisational requirements and operational efficiency has brought out the outstanding performance of Agniveers in terms of skills, motivation levels, physical fitness and technological prowess. As envisaged earlier, based on merit, 25% of Agniveers will be offered reg

Modi inaugurates, lays foundation stone of Pune Metro projects

Prime minister Narendra Modi inaugurated and laid the foundation stone for Pune Metro projects worth around ₹21,800 crore on Tuesday through video conferencing. Addressing the gathering on the occasion, the PM extended warm Diwali greetings to the people of Pune and Maharashtra and remarked that f

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter