BHEL RC Puram has recorded a net profit of Rs 1,838 core and revenue of Rs 7,072 crore for the financial year ended March 31, 2012.
The unit has achieved a year-on-year growth of 13 per cent in revenues (Rs 6,653 crore) and 38 per cent in profits (Rs 1,332 crore) in spite of global economic slowdown and power sector in particular.
According to Mr R.K.Wanchoo, Executive Director of BHEL, RC Puram, the division has completed a five-year strategic plan including a consolidation phase last fiscal, helping deliver good performance.
This facility has entered a select band of manufacturers of large sized power plant equipment of 600 MW ratings and above including super critical power plants. It supplied a high pressure feed water heater for 600 MW rating to North Chennai power project.
PATENTS
The research and development arm, which has invested Rs 170 crore, has filed for 31 applications for patents and copyrights during 2011-12. The unit has completed a technology transfer programme from its collaborator GE Oil & Gas Co of Italy and adapted technology for supercritical power plants from MHI and Alstom.
ENTERS CIS
The BHEL unit, located near here, has made entry into new markets such as Commonwealth Independent States. The supplies included to gas turbines to Belarus, steam turbines to Ukraine and to Oman.
The project Engineering and Systems Division has notched up sales of Rs 815 crore in its first year of operation. This supported over Rs 4,000 crore business of the company.
Sitting on Rs 15,000-cr order book
BHEL RC Puram is now sitting on an order book of over Rs 15,000 crore to be executed over the next 24 months.
The Executive Director of BHEL RC Puram, Mr R.K.Wanchoo, said that the unit has drawn up a Divisional Plan 2017, which expects to see a fifth of its business coming from exports. The global market has passed through uncertainties but promises to get better.
Mr Wanchoo said, “Power project developers in the country are looking at supplies from BHEL as our products are ideally suited for Indian conditions. Those who have tried to implement Chinese power equipment are coming back to us lately.”
The power equipment division has bagged projects from the likes of Reliance Industries Ltd at Dehaj, OPAL in Gujarat and from Arcelor Mittal.
“We are also looking at providing supplies to solar power sector. Having partnered a Spanish company, Abengoa Solar, which supplies photovoltaic equipment, BHEL will complement by providing steam and thermal components,” he said.
The unit has been working with plants helping them refurbish and improve productivity.