AMV Yugandhar, Executive Director BHEl, Bhopal on Saturday addressing the employees at BHEl Cultural hall briefed the gathering about the financial results of the corporation and Bhopal unit for the year 2015-16, enumerating various other achievements of the organisation.
Yugandhar reading out Atul Sobti, Chairman and Managing Directors message said that BHEl in the year 2015-16 has commissioned/ synchronised highest ever projects of 15,059 megawatt. At the same time despite tough market competitiveness, BHEl in the year 2015-16 has been able to garner orders to the tune of `43,727 crore which is the highest, since last five years and 42 per cent more than in the year 2014-15. BHEl now has an order book of `1,10,000 crore. Due to low orders from power sector and prevailing industrial recession the company has been able to achieve a turnover of `26,702 crore (Prov) declaring a loss of `1440 crore (Prov) across corporation level.
Yugandhar declaring the results of Bhopal unit said that in the year 2015-16, the unit has recorded a turnover of `3922 crore (Prov) which is 7 per cent higher than the previous year and registered a profit of `476 crore (Prov.) which is 80 per cent higher than the previous year. He said that the unit has been able to achieve noteworthy success in turnover, profit and other parameters due to the commitment, dedication and support of the employees, trade union representatives and other stake holders. During the previous year equipment’s valuing `909 crore have been exported enhancing the foreign exchange reserves.
Yugandhar declaring `4601 crore as the target for the next financial year said that looking at the current market conditions, the target is quiet challenging. The employees of BHEl possess extraordinary skills and whatever may be the situation, BHEl has always turned out successful. Referring to the CMD’s message for Bhopal unit Yugandhar said that through the message dedicated, efficient and progressive contribution has been asked for from the employees for facing any conditions. He further said that Bhopal unit is committed in making a place in the front row across the corporation level and care is being taken to fully implement the three ways devised by the CMD as Execution, Consolidation and Simplification.
He congratulated the employees, trade union representatives for the turnover achieved. Yugandhar especially mentioned that the unit has been able to achieve cash collection to the tune of `3,893 crore. At the same time making timely payments to all the vendors, operational cash surplus of `773 crore has been recorded. Yugandhar also appreciated the role of media in building a positive image of the company.