BHEL PSSR sets turnover target of Rs 1700 cr by 2011-12

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Chennai, Apr 8 (UNI) Bharat Heavy Electricals Limited (BHEL), Power Sector, Southern Region, (BHEL PSSR) has drawn up an ambitious plan to post a turnover of Rs 1,700 crore by the year 2011-12 and is all set to explore the international market.

Addressing a press conference here last evening on the company's performance during 2007-08, company General Manager incharge P R Shriram said the company was holding talks to bag an Engineering, Procurement and Construction (EPC) project from a power plant at Sebukit in Indonesia.

Declining to divulge details of its first foreign EPC order, he said talks were in the advanced stage and would conclude shortly.

Mr Shriram said that during 2007-08, BHEL PSSR had commissioned 1,575 MW power project and posted a turnover of Rs 675 crore, registering 13 per cent growth over the previous year. Its profit before tax was Rs 104 crore.

For the fiscal 2008-09, BHEL PSSR had set a turnover target of Rs 975 crore and profit (before tax) of Rs 185 crore, he said.

BHEL PSSR had received Rs 889 crore worth orders and had added 1,575 MW of power to the Southern grid during 2007-08, he said.

The company was presently executing 35 projects and when completed, would add 12,080 MW to the grid, Mr Shriram said, adding that it was executing 4,640 MW of power projects in Tamil Nadu, followed by 3,882 MW in Andhra Pradesh and 1,690 MW in Karnataka. Giving details of the future plans, he said PSSR was planning to enter EPC in nuclear business and prepared to execute super critical thermal sets, developing wider sub contractors base and building knowledge base in core arees.

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