BHEL posts highest turnover at Rs 14,525cr; declares 145% dividend

New Delhi, Sep 15 (UNI) Bharat Heavy Electricals Ltd (BHEL) today posted an all time high turnover of Rs 14,525 crore witnessing a growth of nearly 41 per cent for the year 2005-06, besides declaring a higher dividend of 145 per cent.

BHEL Chairman and Managing Director Ashok K Puri said this is also the highest year-on-year growth in the last three decades. The net profit has soared over 76 per cent to Rs 1,679 crore.

The company recorded a surge in economic value addition at Rs 1,079 crore from Rs 504 crore for the previous year.

The state-owned heavy electrical equipment provider also secured the highest ever order worth over Rs 18,938 crore in a single year and the order book position stood at Rs 37,600 crore at the close of the financial year.

The company booked the highest ever physical export order of Rs 3,348 crore - a five fold increase over the previous year. With this the company expects to achieve healthy top and bottom line growth in 2006-07 and beyond, Mr Puri added.

Looking to the future, he added that a new strategic plan 2012 is being developed by the company to ensure long term growth.

He said that BHEL has taken measures to strengthen its research and development capabilities and during 2005-06, an amount of Rs 152 crore was spent such programmes. Technology development efforts undertaken by the company led to filing of 84 patents during the year in addition to 13 copyright applications, taking the total number of patents filed till date to 340.

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