State-run equipment maker, BHEL,reported a 36.61% surge in its net profit, which reached Rs 4,287 crore for the financial year 2009-10, against a profit of Rs 3,138 crore recorded in the previous fiscal. The company has also notched up its highest-ever turnover, of Rs 34,050 crore, registering a growth of 21% over the previous year. The Profit Before Tax (PBT) of the compnay surged 31% to Rs 6,353 crore, moving past the Rs 5,000 crore mark for the first time.
During the period, BHEL has secured orders worth Rs 59,031 crore. 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. In the power sector business segment, BHEL secured orders worth Rs 41,976 crore during the year. The order-book for power equipment stood at 16,489 MW. In the industry sector business segment, BHEL secured orders worth a record Rs 14,366 crore, registering a growth of 40% over the previous fiscal.
Over the fiscal ended March 31, 2010, BHEL has commissioned power plants worth 6,583 MW of capacity, out of which 5,220 MW belong to various state-owned utilities, 634 MW to the captive power producers, while the remaining 729 MW units were commissioned in the overseas markets. In addition, 412 MW of hydropower projects are also ready for commissioning,
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