October 07, 2008

BHEL gets award for Excellence in Cost Management 2007

PTI reported that Bharat Heavy Electricals Limited has won the 'ICWAI National Awards for Excellence in Cost Management 2007.'

The annual award is presented by the Institute of Cost & Works Account of India to corporate entities for excellence in cost, quality and delivery.

During 2007, BHEL recorded the highest ever turnover of INR 21,608 crore, crossing the INR 20,000 crore mark for the first time. It aims to become a INR 45,000 crore firm by 2011-12 and has unveiled a 'Strategic Plan 2012' that would enable it to grow at an annual growth rate of 20%.