State-run power equipment maker Bharat Heavy Electricals Limited (BHEL) has posted a 3.92 per cent jump in standalone net profit to Rs 80.82 crore for the quarter ended June 30, 2017.<\/p>\n
The company had reported a standalone net profit of Rs 77.77 crore for the quarter ended June 30, 2016, BHEL said in a BSE filing on Thursday.<\/p>\n
Overall income rose to Rs 6,194.21 crore for the quarter ended June, from Rs 6,070.21 crore in the year-ago period.<\/p>\n
The company has outstanding order book position of Rs 1,01,380 crore as on June 30, 2017.<\/p>\n
The company said that maintaining the positive trend of 2016-17, it has reported a growth in profitability.<\/p>\n
For the standalone first quarter of FY 2017-18, it reported a turnover of Rs 5,607 crore, almost similar to the corresponding quarter’s figure, it added.<\/p>\n
At a meeting held today, its board of directors has recommended the issue of bonus shares in the ratio of 1 bonus share of Rs 2 against 2 existing equity shares of Rs 2, subject to approval of shareholders.<\/p>\n
“Maintaining the growth momentum has been made possible by a slew of strategic initiatives and cost optimisation measures put in place by the management,” Atul Sobti, Chairman and Managing Director, BHEL, told PTI.<\/p>\n
He further said that the company is enhancing its focus on diversifying in the non-thermal power segment and other new areas, while maintaining its leadership status in the power sector.<\/p>\n
As part of this, he said, the focus is on creating new verticals within the company to capitalize on the massive infrastructure spending by the government, with a special focus on Indian Railways, defence and other industrial products to drive the next wave of growth.<\/p>\n
BHEL has also been focusing on sustainable energy development by offering EPC solutions in solar and an environment-friendly supercritical technology in the thermal sector, it added.<\/p>\n","protected":false},"excerpt":{"rendered":"
State-run power equipment maker Bharat Heavy Electricals Limited (BHEL) has posted a 3.92 per cent jump in standalone net profit to Rs 80.82 crore for the quarter ended June 30, 2017. The company had reported a standalone net profit of Rs 77.77 crore for the quarter ended June 30, 2016, BHEL said in a BSE filing on Thursday. Overall income rose to Rs 6,194.21 crore for the quarter ended June, from Rs 6,070.21 crore in the year-ago period. The company has outstanding order book position of Rs 1,01,380 crore as on June 30, 2017. The company said that maintaining the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-125489","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/125489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=125489"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/125489\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=125489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=125489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=125489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}