Bharat Heavy Electricals (BHEL) will produce 127 mm naval guns post successfully manufacturing 80 mm naval guns for the past two years. In this regard, the Haridwar unit of the company had already signed a contract with the union government. BHEL Haridwar registered an annual turnover of Rs 5,415 crore in 2011-12 which is 27% more than the previous year. In addition, the company wants to increase the annual turnover to Rs 1 lakh crore till 2016-17.
Further, in a view of the growing competition and demand of the market, the company also intends to diversify in the fields of manufacturing equipments like pollution control.
Recently, the company’s provisional net profit rose by 14.25% to Rs 6868 crore the just concluded 2011/12 fiscal year as compared to Rs 6011 crore for last fiscal year that ended on March 31,2011. Meanwhile, top power equipment maker order inflows during 2011/12 were Rs 22096 crore, 63.5% lower than the inflows of Rs 60507 crore in the previous fiscal year.
