BHEL Is Diversifying Into Green Energy

State-run power equipment maker BHEL has posted a 3.92 per cent jump in standalone net profit to Rs 80.82 crore for the quarter ended June 30, 2017. The company has outstanding order book position of Rs 1,01,380 crore as on June 30, 2017.

BHEL has also been focusing on sustainable energy development by offering EPC solutions in solar and an environment-friendly supercritical technology in the thermal sector. It has successfully commissioned three 250 MW unit based on eco-friendly Circulating Fluidized Bed Combustion (CFBC) technology, using low quality coal (lignite) as the primary fuel. The units are based at Bhavnagar District of Gujarat and two other in Tamil Nadu respectively. CFBC technology boilers are highly fuel flexible and can burn a wide variety of fuels, including Lignite, efficiently. CFBC boilers are also highly environment friendly with very low pollutant emissions.

BHEL has been able to maintain the growth momentum due to a slew of strategic initiatives and cost optimization measures put in place by the management. The company is enhancing its focus on diversifying in the non-thermal power segment and other new areas, while maintaining its leadership status in the power sector.