BHEL's industry biz clocks 40% growth

Bharat Heavy Electricals Ltd's industry sector business segment has recorded an all-time high growth of 40 per cent in 2009-10. This comes at a time when the equipment major is trying to diversify into areas, other than its mainstay power business segment.

Out of the total order booking of Rs 59,031 crore in 2009-10, BHEL's industry business segment contributed an order inflow of Rs 14,366 crore. This increase further reinforces the company's focus on balanced growth through expansion of activities in the segments of industry, transportation, transmission, defence, oil and gas, in addition to its core area of power.

During fiscal 2009-10, major successes included the highest value captive power plant order of Rs 3,348 crore from IOC, for its cogeneration power plant at Orissa, repeat orders from Hindalco for 6x150 MW boiler turbine generator package for its Orissa project, and Chennai Petroleum Corporation Ltd for a 20 MW cogeneration plant at its Chennai Refinery.

In the transportation segment, BHEL bagged its single largest order, valued at Rs 990 crore, for a total of 150 numbers of 5,000 HP 25 kV AC mainline electric locomotives from the Indian Railways.