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BHEL's new agenda for growth
By Our Special Correspondent
NEW DELHI,
SEPT. 28.
The profit of Bharat Heavy Electricals Limited (BHEL) soared by 48 per cent during 2003-04 to Rs. 658 crores, enabling the company to announce the highest ever dividend of 60 per cent. According to BHEL's new Chairman-cum-Managing Director, A. K. Puri, the turnover has also risen by nearly 16 per cent to touch an all time high of Rs. 8,662 crores.
Address the company's 40th annual general meeting here today, he said, BHEL had taken various strategic initiatives to take advantage of the improved investment climate in the infrastructure sector.
The new focus areas include accelerated growth with the goal of enhancing stakeholder value by repositioning the organisation, moving towards globalisation and export growth while keeping technology contemporary, besides continuing initiatives such as asset modernisation and knowledge management.
BHEL secured the highest-ever orders worth Rs. 16,478 crores in a single year, despite operating under intense competitive pressure in the domestic and international markets.
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