BHEL clocked turnover of Rs 28,840 crore, up 11% over the previous year and a profit before tax of Rs 628 crore
GN Bureau | September 23, 2017
Attributing enhanced focus on project execution as the reason behind Bharat Heavy Electricals Limited’s (BHEL) growth, the enterprise’s CMD Atul Sobti said BHEL achieved a capacity addition of 45,274 MW during the 12th five year plan period (2012-17) and surpassed the target of 41,661 MW by 9 percent.
With this, BHEL continues to remain the single largest contributor to the country’s power generation capacity addition. During the year, it commissioned 8,570 MW of power generating equipment. The enterprise’s installed power generating capacity has gone up to around 180 GW globally.
He said BHEL has achieved double digit growth and bounced back into profit in 2016-17 fiscal, reversing the declining trend of the last three years.
While addressing the BHEL’s 53rd annual general meeting, Sobti said during the year, BHEL clocked turnover of Rs 28,840 crore, up 11 percent over the previous year and a profit before tax (PBT) of Rs 628 crore, compared to a loss of Rs 1,164 crore in the previous fiscal.
Four supercritical sets including three sets of 660 MW rating and one unit of 800 MW rating have been commissioned during the fiscal. With this, BHEL has commissioned 15 steam generators and 13 turbine generators supercritical sets till date. It also commissioned its single largest 50 MW solar photo voltaic power plant at NTPC Ananthpur.
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