Bharat Heavy Electricals Limited (BHEL), Ramachandrapuram (RC Puram), registered a 38 per cent jump in gross profit to Rs 1,838 crore for the year ending March, 2012, as compared with Rs 1,332 crore in the previous financial year even as revenues saw a modest growth during the period.
The unit's annual turnover grew to Rs 7,072 crore in 2011-12 from Rs 6,653 crore in the previous year. The management termed the results as a year of consolidation following high growth registered in the first four years of the company's five-year strategic plan.
The unit has formulated 'Division Plan 2017', covering strategies and action plans for the period 2012-17, under which it aims to double its turnover by 2016-17. The plan includes expansion of product offerings in the power sector apart from identifying new business areas including pipeline compressors (gas transportation), and concentrated solar thermal power, according to a company release.
The unit, with an annual manufacturing capacity of 4,445 Mw of power equipment, also entered into new product areas last year including barrel-type compressors, hydrogen recycle gas compressors and gas turbine combustion system for unconventional fuels like refinery gases. It is already into manufacturing of oil rigs and other equipment used in oil exploration and production.
According to the release, the unit has provided coal mills, power plant pumps with their drive turbines, gas turbine generator sets and steam turbine generator sets along with auxiliary equipment to national capacity addition during 2011-12. It has also entered into a league of high capacity manufacturers by successfully manufacturing and testing 'high pressure feed water heaters' suitable for more than 600 Mw thermal applications.
Among other achievements, the RC Puram unit completed the technology transfer programme for design and manufacture of large-sized high-flow, high-pressure process compressors from its collaborator GE Oil & Gas Company, Italy. It has also obtained and adapted technology for design and manufacturer of pumps and coal mills for supercritical power plants from MHI and Alstom.
The unit has also forayed into new international markets like the Commonwealth of Independent States (CIS). While the unit has supplied a large gas turbine generator (GTG) set for Belarus, it has has got an order to deliver 25 Mw steam turbine generator for Ukraine besides entering into a rate contract for supply GTG sets to Petroleum Development Organisation of Oman.
The newly-created Project Engineering and Systems Division made a Rs 815 crore sales turnover, registering a 16 per cent growth over the same period last year, supported by about Rs 4,000 crore worth of orders lined up from companies like Reliance Industries (RIL) and Indian Oil Corporation.