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The Industrial Systems Group (ISG) of Bharat Heavy Electricals Ltd plans to enter the ore beneficiation and pelletisation business as part of diversification measures.
Highlighting the company’s performance for FY 2012-13, Atul Sobti, Executive Director-ISG, BHEL, said: “To create ISG of tomorrow, the company is putting in place initiatives such as diversification into allied areas of business, including ore beneficiation, pellet plants, sinter plants and coal washeries.”
This, according to him, will drive the company’s sustained growth with enhanced engineering, procurement and construction (EPC) capability. For FY 2012-13, ISG’s profits have risen by 7 per cent to Rs 161 crore, against the previous year. The turnover is also up 16 per cent to Rs 1,161 crore in FY 2012-13 (Rs 1,003 crore).
The value added increased by 8 per cent, at Rs 263 crore, against Rs 243 crore last year.
Sobti said outstanding orders were up 13 per cent, at Rs 3,692 crore, against Rs 3,271 crore last year.
During the year the firm received orders in the non-industrial segment from Tirumala Tirupati Devasthanam (TTD) for an eco-friendly truck transportation system to facilitate fast transportation of laddus from storage to the selling counters.
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