Bhel's turnover grows 19% in FY25 over the demand for power sector | Mint

State-controlled Bharat Heavy Electrical Ltd (Bhel) on Sunday drove a 19% growth in its turnover for 2024-25 at £ 27,350 crore by a healthy order book. Bhel led its inflow of the highest order during the financial year, with a crore of £ 92,534, led by the question of the power sector, a statement said. With this, Bhel’s total order book stands at £ 1.95 billion at the end of 2024-25. Also read: Bhel driving thermal power -revival – can it keep up with the question? In the power sector, Bhel packed orders worth £ 81,349 crore, followed by the industrial segment, which recorded fresh orders worth £ 11.185 crore, reflecting the company’s diversified presence in sectors such as transport, defense, process industries and industrial equipment. Mint reported earlier that the government’s renewed focus on the construction of thermal power projects in the country and an increase in demand for coal -based power generation revived the plight of Bhel. The company, which struggled to get power equipment contracts for about three years before 2023-24, now has a full order book for kettles and engineering, acquisition and construction contracts. On the execution front, Bhel 8.1GW of thermal power capacity has been used or synchronized. “With a double-digit turnover, a record order book and a healthy execution pipeline, Bhel 2025-26 enters with a strong momentum. The company remains committed to delivering high impact infrastructure, promoting indigenous native and increasing the value of the stakeholders,” the company’s statement. Also read: Bhel would like to work in West Asia as soon as the situation normalizes: Minister of Heavy Industries, HD Kumaraswamy, for the quarter ended December, the company reported a consolidated net profit of £ 134.70 crore, more than double the profit reported in the corresponding period of 2023-24. According to the annual report for 2023-24, the state-owned engineering enterprise received orders worth approximately £ 52,000 for 9.6 GW thermal power projects in the financial year. The order momentum continued in 2024-25, with the government planning to draw up 80 GW of the thermal power capacity by 2032. The power sector forms about 70% of Bhel’s operations, the other major segment that is the industry, which provides for large equipment supplies and EPC works for industries, including transport, transfer, defense, air and aterospace and imprisonment. The company, which received no orders in the thermal power space for about three years from August 2019 to September 2022, is now receiving orders and inquiries, even from private companies for purchasing kettle, turbine and generators (BTG), Mint reported earlier. Also read: £ 1,500 crore “> Bhel pulls out all stops to recover arbitration awards worth £ 1,500 crore on March 21. -Sto unity no.