BHEL hopes to get orders worth INR 55,000 crore this fiscal

Bharat Heavy Electricals Ltd is hopeful of getting orders worth INR 55,000 crore within the financial year ending March 2010.

Mr K Ravi Kumar CMD of BHEL said that “Out of this INR 55,000 crore, we have booked orders worth INR 19,000 crore in the two quarters of this financial year. Our outstanding order book is at over INR 130,000 crore.”

He also added that the company expects another INR 10,000 crore worth of orders by next month. Mr Ravi Kumar said that “We have finalized the prices for further orders worth INR 10,000 crore. We are expecting the advance by October. This is mainly from private players and one order from NTPC adding that 80% of the orders bagged by the company so far in the current financial year have been placed by private companies.

Mr Kumar also assured that all the power units to be set up for the Commonwealth Games 2010 to be held in Delhi will be supplied and commissioned by BHEL on time.

(Sourced from www.steelguru.com)

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