Bharat Heavy Electricals Limited (BHEL) has sustained the momentum achieved in the previous fiscal, ending the year with significant traction in growth drivers. During the year, BHEL recorded revenue from operations of Rs.23,365 Crore, up 10% over the previous year. The company achieved a Profit Before Tax (PBT) of Rs.450 Crore, and Profit After Tax (PAT) of Rs.448 Crore with continued focus on cost control and prudent resource management.
The company’s construction tonnage in projects across the country has shot up by a massive 100% in FY 2022-23 as compared to FY 2019-20, showcasing the increase in pace and efficiency of project execution. Liquidity has been maintained due to improved execution focus with realisation from current year billing going up from 59% to 86% over the past 4 years.
During the year, BHEL commissioned 1,580 MW of power generating equipment, in addition to synchronising captive/solar projects of ~ 298 MW. With this, the company’s global installed power generating capacity has gone up to 195 GW. Recent project execution successes include the successful commissioning of the first unit of the prestigious Maitree Supercritical power project in Bangladesh; commercial operation of 660 MW Unit-1 of 3×660 MW North Karanpura Thermal Power Station, the first supercritical thermal unit installed with Air Cooled Condenser; and dispatch of BHEL’s 43rd nuclear steam generator for Gorakhpur Haryana Anu Vidyut Pariyojana
