BHEL-Haridwar FY08 turnover at Rs 2,658 cr, up 17%

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New Delhi, April 5:: BHEL-Haridwar, arm of state-run Bharat Heavy Electricals Ltd, today posted a turnover of Rs 2,658 crore for the year 2007-08, showing a growth of 17 per cent over the previous year.

Heavy Electrical Equipment Plant (HEEP) and Central Foundry Forge Plant (CFFP), two units at BHEL-Haridwar, contributed significantly to the growth of the company, it said in a statement.

HEEP posted a turnover of Rs 2,350 crore, 17.3 per cent higher over the year-ago period. Profit before tax rose to Rs 449 crore and recorded an operational cash surplus of Rs 756 crore.

CFFP recorded Rs 308 crore in turnover during the last fiscal, a rise of 14 per cent over the previous year's figures. CFFP is doubling its present manufacturing capacity of castings and forgings to 16,000 MT a year at an investment of Rs 150 crore.

"We have been able to achieve this with timely delivery of equipment. Majority of the equipment delivered has been manufactured in the plant itself," HEEP Executive Director D K Mody said.

The company received orders worth Rs 5,000 crore last year, including orders for a set of 600 MW, 15 sets of 500 MW, 11 sets of 250 MW, one set of 210 MW, besides export order for two sets of 150 MW gas turbines.

Sixty-three modules of steam turbines, two hydro turbines and 18 generators and other equipments totalling 5,000 MW were manufactured at HEEP.