BHEL posts all- time high turnover.BUCKING the economic slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. , power equipment maker Bharat Heavy Electricals Ltd ( BHEL BHEL Bharat Heavy Electricals Limited ) has recorded an all- time high turnover of Rs 28,033 crore n. 1. Ten millions; as, a crore of rupees (which is nearly $5,000,000) s>. Noun 1. crore - the number that is represented as a one followed by 7 zeros; ten million in 2008- 09. " The state- run company's exports also have risen by a whopping 41 per cent at Rs 3,265 during the year," chairman and managing director K. Ravi Kumar said, addressing the 45th annual general meeting ( AGM AGM annual general meeting AGM n abbr (= annual general meeting) → AG f AGM n abbr (= annual general meeting) → JHV f ) of the company on Thursday. " Despite an unprecedented increase in the raw material costs, the company sustained its profitability and recorded its highest ever net profit ( profit after tax) of Rs 3,138 crore in 2008- 09, which grew around 10 per cent over the previous fiscal," he said. BHEL paid Rs 832 crore towards dividend to its shareholders during the year under consideration. BHEL secured orders worth Rs 59,678 crore, the highest ever in a single year. The private sector placed orders worth Rs 13,320 crore with BHEL during the fiscal. The company had an order book of Rs 1,17,000 crore at the end of 2008- 09, BHEL said in a press release. BHEL has increased its manufacturing capacity to 15,000 MW annually and is planning to achieve 20,000 MW by 2012. BHEL spent Rs 690 crore on R& D in 2008- 09, up 40 per cent from the previous year. Copyright 2009 India Today This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Group. All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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