IPPs repose confidence in BHEL, Cumulative order book at an All Time High

Bharat Heavy Electricals Ltd. (BHEL) secured the highest ever orders from Private Power Utilities in fiscal 2009-10. Out of the total orders of 16,489 MW for Power Plant Equipment received by BHEL during the year, the orders received from Independent Power Producers (IPPs) alone accounted for 14,689 MW. This constituted nearly 90% of the total orders booked by BHEL’s Power Sector. In financial terms, the orders amount to Rs. 3,37,870 Million – more than 3 fold increase over the previous year. These orders are a testimony to the confidence of India Inc. in BHEL’s product quality, project execution capabilities, service reliability and engineering excellence.

During the year, orders were received from Abhijit, ACC, Adhunik, Avantha, Hindalco, Indiabulls, Jaypee Group, Jindal Power, Sterlite, Tatas, Videocon among others. A major highlight of the year was receipt of a bulk order of 10 sets of 270 MW each from the Indiabulls Group. Significantly, BHEL secured total orders worth Rs. 5,90,310 Million while operating in a competitive domestic and overseas market. At the end of the financial year 2009-10, BHEL had highest ever orders at Rs. 14,38,000 Million in hand for execution in 2010-11 and beyond.

Out of the total orders of Rs. 5,90,310 Million received in the year, the Power Sector business segment had a major contribution of Rs. 4,19,760 Crore followed by Industry Sector with Rs. 1,43,660 Million and International Operations at Rs. 35,710 Million.

BHEL has established the capability to deliver 15,000 MW of power equipment per annum and further augmentation to 20,000 MW per annum is underway. During fiscal 2009-10, BHEL built power equipment generated an all time high of 490 billion units of electricity, constituting 74% of the total power generated in the country. BHEL has emerged as a reliable partner in the Indian power scenario and is amongst the top five Boiler – Steam Turbine – Generator suppliers globally.