BHEL net profit up 31% at Rs 1,403 cr on robust sales growth

State-owned power equipment maker BHEL today reported 31 per cent jump in its net profit at Rs 1,403 crore for the quarter ended December 31, 2010, on the back of robust growth in sales.

 
New Delhi: State-owned power equipment maker BHEL today reported 31 per cent jump in its net profit at Rs 1,403 crore for the quarter ended December 31, 2010, on the back of robust growth in sales.
 
The company had reported a net profit of Rs 1,072 crore in the same quarter, previous financial year (2009-10), BHEL said in a filing to the Bombay Stock Exchange.
 
Income from operations (or sales) of the company rose 26 per cent from Rs 7,386 crore in the quarter ended December 31, 2009 to Rs 9,280 crore in the quarter ended December 31, 2010.
 
BHEL's sales comprises power business, industry business and international operations.
 
The current order-book of the company stands at Rs 1,58,000 crore at the end of the second quarter, the company expects to achieve robust growth in 2010-11 and beyond, the filing added.
 
The company has established the capability to deliver equipment that generate 15,000 MW of electricity and further augmentation to 20,000 MW is underway.
 
Recently, BHEL won the EPC contract for first 700 MW supercritical unit at Bellary Power Project in Karnataka from Karnataka Power Corporation Limited.
 
EPC work on the two super critical thermal power plants will start as soon and would take about 36 to 48 months time to complete the project.
 
PTI
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