State-run Bharat Heavy Electronics Limited (BHEL) has commissioned an all-time high power generation capacity of over 15,000 MW and booked new orders worth Rs 43,727 crore in 2015-16, the largest in five years.
“Enhanced focus on project execution has resulted in BHEL creating history by way of commissioning / synchronising an all-time high 15,059 MW of power generating equipment during the year (2015-16),” BHEL said in a statement today.
With the commissioning of 15 GW (1000 MW is equals 1 GW) capacity last fiscal, the worldwide installed base of power generating equipment supplied by BHEL has exceeded 170 GW, it said.
This 15 GW includes the highest-ever power generation capacity addition of 13,061 MW to the Indian utility segment, a quantum jump of 59 per cent over the previous year.
Notably, the capacity addition of domestic utility sets is 23 per cent higher than the target set by the government for BHEL. With this, BHEL has already achieved 94 per cent of the capacity addition target for the 12th Plan (2012-17) in first 4 years the five year policy period itself.
Further, BHEL established itself as a leading supplier of eco-friendly supercritical sets in the country, it said.
During the year, 55 per cent of the supercritical sets commissioned in the country, aggregating to 4,140 MW were contributed by BHEL, it said in a statement.
This includes commissioning of first highest-rating 800 MW set at Yeramarus, 700 MW set at Bellary, two 660 MW sets at Lalitpur and one each at Bara and Mouda. It also commissioned 810 MW of hydro projects, the highest in the last 11 years.
In the export market, BHEL commissioned Sudan’s largest thermal power plant, Kosti TPS (4×125 MW) on EPC basis. The power plant was inaugurated by the President of Sudan Omer Hassan Ahmed El-Basheer, the statement said.
In 2015-16, BHEL also forayed into new markets with maiden orders from Belgium and Mozambique, expanding its global footprint to 78 countries.
The company continues to rank among the highest R&D spenders in the country in the engineering and manufacturing segment with R&D expenditure at 3.34 per cent of its turnover.
The R&D efforts are aimed at improving the efficiency of existing products and developing new products, relevant to the needs of the country both in terms of technology and features vis-a-vis global benchmarks.
During the year, BHEL filed the highest-ever 477 patents and copyrights in a year, enhancing the company’s intellectual capital to 3,441.
Leveraging its experience of three decades in the Solar PV (SPV) business vertical, the company is capitalising on emerging opportunities in the segment.
During last fiscal, BHEL set a new record in its solar PV business in a single year by commissioning 40 MWp of SPV power plants. These include SPV plants for KPCL, NLC, GEDCOL, Electricity Board of Daman and Diu, and ONGC.
In addition, turnkey orders for two grid interactive solar PV power plants of 50 MW each from NTPC and first ever Solar Canal top project (1 MWp) from NREDCAP were received.
During 2015-16, BHEL recorded a turnover of Rs 26,702 crore (Provisional). With a net profit of Rs 396 crore during Q4 of the fiscal, the company reported net loss of Rs 877 crore.
The performance has been impacted mainly due to continued subdued business environment, resulting in reduced level of operations and non-lifting of hold in most of the stranded projects, it said.
The company’s continued focus on cash realisation resulted in a cash surplus situation. The rising trend of debtors has also been arrested, it added. Despite intense competitive pressure in the power and capital goods markets during last fiscal, BHEL achieved the highest order booking at Rs 43,727 crore, a 42 per cent leap over 2014-15.
The booking comprises orders worth Rs 38,529 crore in the power segment and Rs 5,125 crore in the industry segment. The company ended the year with a total order book of over Rs 1,10,000 crore.
Focus on increased localisation of supercritical technology, higher technology depth, and design optimisation enabled the company is to enhance its competitiveness and strengthen its leadership in the power plant and associated equipment segment of the Indian utility market, it said.
The company said that while operating in a difficult business environment, the company enhanced its market share to a significant 74 per cent, thereby retaining its market leadership position during 2015-16.
Significant orders in the power segment include 5×800 MW Yadadri Thermal Power Station from TSGENCO, Telangana; 2×800 MW Uppur (Boiler Turbine Generator (BTG) package) from TANGEDCO, Tamil Nadu and 2×800 MW Telangana Super Thermal Power Project (Steam Generator package) Ramagundam from NTPC.
Notable orders in the industry segment include three orders for 765 kV substations from Powergrid for the first National Green Energy Corridor Project and the first commercial order for 400 kV GIS bay for 3×180 MW Chamera-1 Hydro Electric Project from NHPC, among others.
