Mr AK Puri, CMD, BHEL said that the order book of the company as on July 1 is at Rs 62,400 crore and the company expects to bag a major part of the 11th plan orders. FY08 turnover of the company may be in excess of FY07. The company is also expecting CAGR of 18-20% over the next few years and expects turnover of Rs 45000 crore by 2012.
For the execution of the current orders with the company, the near-term capex will be of Rs 3200 crore which is to be funded by the internal accruals, so there is no need to arrange the funds from outside, he said. He informed that Phase I of 10000 MW will be completed by Dec 07 while Phase II of capex will be completed by 2009 to 15000 MW. The order book is to be executed over the next 2.5 years.
The company will be bidding for most UMPPs and are ramping up capacities for the same. First success on UMPP is expected in the next 6-12 months. The company will also be bidding for super-critical power projects based on suitability.
BHEL is looking at acquisitions in Europe and US in technology space. The company is looking at 2-3 small acquisitions which will be funded through internal accruals. But the comapny is open to raising money for a big acquisition.
BHEL is soon going to merge Bharat Heavy Plate and Vessels and are waitng for the government nod.
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