New Delhi, Apr,3: Bharat Heavy Electricals Ltd, the state run company, has announced today that its net profit has gone up by 14.3% to Rs 68.7 billion ($1.35 billion) for the fiscal year ended on March, 31 2012.
The company has reported on Tuesday that its provisional turnover was 493.01 billion rupees in the last fiscal year that ended on March 31, up 13.8% from previous year.
The country's top power equipment maker profit after taxes (PBT) has gone up to Rs 100 billion this fiscal year 2011-12. The earning per share of the company has rose to Rs. 28 this year against Rs 24 in last fiscal year.
However, order inflow has drastically come down to Rs 220 billion this fiscal against Rs 605 billion last year.
BHEL has share of 62% in India's total installed generating capacity contributing 72% (approx.) to the total power generated from utility sets (excluding non-conventional capacity) as of March 31, 2011.
The company has been exporting our power and industry segment products and services for approximately 40 years. It has exported products and services to more than 70 countries.
Currently, BHEl has cumulatively installed capacity of over 8,500 MW outside of India in 21 countries, including Malaysia, Iraq, the UAE, Egypt and New Zealand. Its physical exports range from turnkey projects to after sales services.