December 02, 2008

BHEL forecasts profits to grow by more than 25% in 2008-09

Bloomberg reported that Bharat Heavy Electricals Limited forecasts that its profit and sales will increase more than 25% this fiscal year as it expands factories to build generators and turbines. Its profit reached INR 28.6 billion in 2007-08 on sales of INR 193.6 billion.

Mr K Ravi Kumar CMD of BHEL in an interview in New Delhi said that this is based said new capacities are coming in and its vendors have also increased their capability.

He said that BHEL, with INR 950 billion of orders at the end of June, has enhanced annual capacity to make equipment that can generate 10,000 megawatts of electricity from 6,000 megawatts last year. Capacity will increase to 15,000 megawatts by 2009 and 20,000 megawatts by 2011.