BHEL PAT up 60 % to Rs 185 crore

Order booking more than doubles to Rs.9,530 crore in H1 FY 2018-19

Thesynergyonline Corporate Bureau

NEW DELHI, OCTOBER 25 : Maintaining the growth momentum, Bharat Heavy Electricals Limited (BHEL) ha s reported a surge of 84 per cent in its profit before tax (PBT) at Rs.272 crore in the second quarter of fiscal 2018-19, as against a PBT of Rs .147 crore in the corresponding quarter in the previous year.

In a highly competitive and shrunken market, concerted efforts have resulted in the order booking more than doubling to Rs.9,530 crore for the first half of FY 2018-19 compared to Rs.3,618 Crore in the six months of corresponding FY 17-18. This has resulted in an outstanding order book of Rs.1,15,533 Crore at the end of second quarter of FY 18-19, which is 19% higher than last year.

The company has delivered a resilient performance due to adoption of strategic initiatives like accelerated execution, cost control and resource optimization measures, resulting in significant progress in enhancing profitability and productivity, reinforcing leadership in the power sector, and strengthening non-power business areas.

These achievements, along with the strategies in place, are strengthening BHEL's pre-eminent position among national assets and assuring its continued contribution in building a 'New India'.