Bharat Heavy Electricals (BHEL), a state-run power equipment maker’s subsidiary - Bharat Heavy Plates and Vessels (BHPV) has recorded a turnover of Rs 243.52 crore during 2012-13. This is an increase of 56.36% compared to Rs 155.80 crore posted by the company during the last fiscal. FY13 was the third consecutive year that BHPV achieved profit after it was taken over by BHEL.
Recently, BHEL had 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.
BHEL has been committed to the nation’s power development programme and has reaffirmed its commitment to the Indian Power Sector by equipping itself by way of contemporary technology, state-of-the-art manufacturing facilities and skilled technical manpower.
