NEW DELHI: Breaking the myth that the company was piggy bank ridding on the back of orders from public sector undertakings (PSUs), Bharat Heavy Electricals Ltd. (BHEL) on Friday said it had secured 90 per cent of the Rs.59,037-crore orders from clients in the private sector.
Seeking to put the record straight, BHEL said that out of the total orders received by it during the year for power plant equipment with a cumulative generation capacity of 16,489 MW, orders received from private power utilities alone accounted for 14,689 MW.
The current order book of the company stands at Rs.1.44 lakh crore. The company recorded a jump of 37 per cent in profit-after-tax to Rs.4,311 crore for the fiscal ended March, 2010.
An official spokesman of the company said BHEL's focus on expansion of activities in the transportation, transmission, defence, oil and gas and other industry sectors, in addition to its core area of power, was responsible for its success during the year.
During the year, the company bagged its biggest-ever contract for establishment of a captive power plant for Indian Oil Corporation and also garnered a major repeat order from Hindalco for a 6 x 150 MW BTG package. Besides, it got the single largest order for supply of 150 units of 5,000 hp 25 kV AC mainline electric locomotives to the Indian Railways.
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