State-owned BHEL’s Tiruchi unit is likely to enter non-power sector by manufacturing components for oil refineries and defence applications. State-run firms’ Tiruchi unit is engaged in the manufacture of high pressure boilers and other thermal power plant equipment. The company has taken this decision as power sector business is witnessing a slowdown and issues like coal linkage, land acquisition and fund constraints have resulted in non-finalization of power projects especially in the private sector. Therefore, BHEL is in discussion with major refineries, DRDO establishments and a few ordnance factories offering their services as business proposal.
The entity has reported 1% rise in its FY13 turnover at Rs 50,015 crore (provisional) as compared to Rs 49,520 crore. However, the company’s bottom-line declined by 8% to Rs 6,485 crore from Rs 7,040 crore. Meanwhile, the company’s order inflow has increased significantly by 42.7% to Rs 31,528 crore in FY13 from Rs 22,096 crore in FY12 while, the company has increased R&D investment to Rs 1,248 crore in FY13 from Rs 1,199 crore in last year.
| Company Name | CMP |
|---|---|
| BHEL | 329.70 |
| Thermax | 4242.00 |
| Kirloskar Oil Eng | 1649.30 |
| Skipper | 448.60 |
| GMM Pfaudler | 919.95 |
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