Bharat Heavy Electricals Limited (BHEL) notched its highest-ever turnover of Rs.34,050 Crore, registering a growth of 21% over the previous year. Profit Before Tax (PBT) surged 31% at Rs.6,353 Crore, during the year, moving past the Rs.5,000 Crore mark for the first time. This was disclosed by Mr. B. Prasada Rao, Chairman & Managing Director, BHEL, at a press conference, here today. Addressing mediapersons, he said that Net Profit (PAT) for the year is Rs. 4,287 Crore, as against Rs.3,138 crore of last year - a growth of 37%. An interim equity dividend of 110% on the enhanced equity capital was paid for fiscal 2009-10, maintaining the track record of paying dividends uninterruptedly since 1976-77.

Earnings Per Share (EPS) was Rs.87.60 an increase of 37% over that of 2008-09, while Net Asset Value (NAV) per share stood at Rs. 321.20, post-bonus, reflecting the intrinsic strength of the company. The total export turnover (physical + deemed) touched rs. 14,436 Crore.

BHEL secured orders worth Rs.59,031 Crore while operating in competitive domestic and overseas markets. At the end of the year, total orders in hand for execution in 2010-11 and beyond, stand at about Rs.1,43,800 Crore - the highest-ever, he said.

In the Power Sector business segment, BHEL secured orders worth Rs.41,976 Crore during the year. In terms of power plant equipment, the orders amounted to 16,489 MW. Major highlights of the year include highest-ever orders from the private sector and all-time high order booking in a year for hydro equipment.

In Industry Sector business segment, BHEL secured record orders worth Rs.14,366 Crore, a growth of 40% over the previous year, for a wide range of products and systems for application in Captive Power, Transportation, Transmission, Oil & Gas, Renewable Energy and other industrial sectors.

In International Business, bucking the global recessionary trend, BHEL achieved a physical export order inflow of Rs.3571 Crore during the year, an increase of 9.4% over that of the previous year.

Aimed at enhancing business, BHEL entered into the following strategic tie-ups:

• BHEL and Toshiba Corporation, Japan have signed a MoU to explore the possibility of establishing a Joint Venture Company to address Transmission and Distribution (T&D) business in India and other mutually agreed countries. The JV company will undertake marketing, designing, engineering, supply, erection, testing and commissioning of equipment and projects in Extra High Voltage Alternating Current (EHVAC) and Ultra High Voltage Alternating Current (UHVAC) range including 765kV transformers and reactors and Gas Insulated Switchgear (GIS), in addition to other products and systems.

• MoUs have been signed with Alstom for participating in the tender for setting up a factory for Electric Loco components at Dankuni, West Bengal and with GE for participating in the tender for setting up a Diesel Loco factory at Marhowra, Bihar.

• BHEL has been nominated as the Nodal agency for serial production of Marine Gas Turbines named Sagar Shakti Engine for propulsion of Indian Naval Ships, with rated power of 12 MW.

• BHEL and Maharashtra State Power Generation Company Limited (Mahagenco) have signed a MoU for setting up a JV Company to build, own and operate a 1500-1600 MW Power Plant at Latur in Maharashtra.

• BHEL and Madhya Pradesh Power Generation Company Limited (MPPGCL) have formed a JV Company to build, own and operate a 2x800MW Thermal Power Plant with Supercritical parameters at Khandwa in Madhya Pradesh.

• Mr. Rao said that BHEL synchronized/commissioned 6,583 MW of power plant equipment during the year which includes 5,220 MW for Utility, 634 MW for Captive/Industrial sets and 729 MW in overseas markets. In addition, BHEL was ready for commissioning of 412 MW of hydro power projects and is awaiting critical inputs viz. water / power evacuation system. BHEL also commissioned the 2x220 MW (RAPP Unit V & VI) Non-BHEL nuclear set.

A major milestone of the year was the commissioning of four power plants in overseas markets – the maximum in a single year. While power projects were commissioned in Bangladesh, Iraq, UAE and Indonesia, substations were commissioned in Afghanistan, Ethiopia and Bangladesh, he added.

The installed capacity of BHEL supplied Utility sets went up to 91,481 MW and BHEL maintained its two-third share in the country's total installed capacity. During the year, BHEL-built power generating sets generated an all-time high 490 Billion Units of electricity which was 74% of the total power generation in the country.

Consistently exceeding the national average efficiency parameters, BHEL built thermal sets achieved an impressive Operating Availability (OA) of 87.5%; Plant Load Factor (PLF) at 78.5% was also higher than the national average.

BHEL make 200-500 MW thermal sets, which form the backbone of the country's thermal generating capacity, operated at a PLF and OA of 82.2% and 90.1%, respectively. Significantly, these sets have been achieving an availability of more than 90% consistently for the last three years.

BHEL made a capital investment of Rs.1767 Crore during 2009-10 towards augmentation of manufacturing capacity and modernisation of facilities in manufacturing units and at power project sites, as against Rs.1082 Crore invested during 2009-10, registering an increase in capital investment of about 63%. Focused attention was given on rebuilding and retrofitting of existing facilities to enhance their life, accuracy and productivity through an additional investment of Rs. 51 Crore.

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