Bharat Heavy Electricals (BHEL) has retained its market leadership position during 2013-14 even while operating in a difficult business environment. lmproved focus on project execution enabled the company record highest ever commissionin and synchronization of 13,452 MW of power plants in domestic and international markets in 2073-74.

Both power and industrial market segments in which the company operates continued to witness fewer project finalizations. BHEL secured orders worth Rs 280.07 billion from its diversified business segments covering both domestic and international markets. Orders in jndustrial segment at Rs 50.07 billion witnessed a 23% jump; Spares & Services at Rs 34.33 billion saw a jump of 19% and lnternational segment at Rs 25.67 billion witnessed a jump ot 28% in 2013-I4. The company ended the year with an order book of Rs 1,015.38 billion.

BHEL bagged a mega EPC order worth Rs 79 billion for 3x660 MW Supercritical units from NTPC for North Karanpura project against stiff lnternational competition. With this, the companys market share in Power Sector in the country was 72% during 2013-14, further strengthening its leadership position.

BHEL recorded a turnover of Rs 403.65 billion (prov,) and a net profit of Rs 32.28 billion (prov.) during 2013-14. Profit impact is due to low volumes, Certain ongoing projects have got impacted as the lndian Power Sector continues to be besieged with issues relating to fund constraints, land acquisition, clearances and coal linkages. Focus on cost optimization through increased localization of super critical technologies, higher value additions; increased vendor base and design optimization efforts aided the company in its margins.

Shares of the company declined Rs 3.65, or 1.95%, to settle at Rs 183.95. The total volume of shares traded was 431,646 at the BSE (Friday).