Bangalore, Apr 4 (UNI) City-based units of Bharat Heavy Electricals Limited have embarked on a major expansion plan, targeting a turnover of Rs 4,000 crore by 2011-12.
Under the strategic plan 2012, the units would further consolidate their position in power plant automation, traction electronics, solar photovoltaics, coal and ash handling and ceramic products. Steps had been taken for the company's growth in the emerging businesses like railways, transmission electronics, industrial automation, a release here today said.
The Electronics Division of BHEL had registered a new record in its business with Indian Railways by supplying 50 sets of Control Electronics and 28 sets of Power Converters valued at over 100 crore to Chittaranjan Locomotive Works (CLW).
Continuing its efforts to indigenise the alternative sourcing and economical procurement of components, BHEL had created cost-effective solutions for the Indian Railways. The company had augmented its manufacturing and testing facililities to increase the traction equipment manufacturing. It had also increased its annual production capacity by four times.
The company had signed a business sharing agreement with Strukton Railinfra of the Netherlands for their state-of-the-art compact design light weight IGBT-based propulsion system for 1600 hp AC electrical multiple units.
The Electronics Division (EDN), Industrial Systems Group and Electroporcelains Division of the city-based BHEL had recorded a 13 per cent growth in their turnover of Rs 1,687 crore during 2007-08.
The profit before tax registered a rise of 14 per cent to Rs 429 crore over the previous year, the release added.
UNI RM MV SJ 1726