BHEL achieves double digit topline growth

Bharat Heavy Electricals Limited (BHEL) has achieved double digit growth in its topline and bounced back into profit in FY 2016-17, ending the year with significant traction in growth drivers.

During the year, it recorded a turnover of Rs 28,840 crore, up 11 per cent over the previous year - after reversing the trend of negative topline growth prevailing for the last three years. The company also returned to profitability with a Profit Before Tax (PBT) of Rs 628 crore, compared to a loss of Rs 1,164 crore (IND-AS restated) in the last fiscal. Net Profit (PAT) stood at Rs 496 crore, against a net loss of Rs 710 crore (IND-AS restated) in the previous year.

Notably, enhanced focus on project execution has resulted in BHEL achieving a capacity addition of 45,274 MW during the 12th Five Year Plan period (2012-17), surpassing the target of 41,661 MW set by the government for BHEL, by 9 per cent. With this, it continues to remain the single largest contributor to the country’s power generation capacity addition.

BHEL secured orders worth Rs 23,489 crore during 2016-17 in its power, industry and export segments. This was achieved despite subdued business environment and global economic uncertainties. The company ended the year with a total order book of over Rs.1, 05,200 crore.

During the year, BHELbuilt thermal power generating sets generated an all-time high 549 Billion Units of electricity which was 58.2 per cent of the total thermal power generated in the country.