ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Expanding Power Market

Expanding Power Market BHAEAT BIJLEE is expanding its activities. It intends to manufacture spheroidal graphite iron castings at its Kalwa foundry and expects to set up the requisite facilities during the current year. It is also planning to put up manufacturing facilities for an extended variety and range of existing products in a 'backward' area in Maharashtra. Meanwhile, its research centre has been recognised by the Central government. Significant work is being done in widening the company's technological capability for existing and allied products as also in the field of products for the exploitation of solar energy. ICICI has sanctioned a loan of Rs 75 lakh to meet a part of the cost of modernisation of the transformer testfield. The modernised testfield is expected to be operational towards the end of the current financial year. The company has shown good performance during 1980-81. Sales, profits and margins are all higher than the respective figures of the previous year, although production and sale of motors were marginally lower because of raw material shortages and change in marketing arrangements. Consequent upon termination of the sole distributorship agreement with Siemans India, the company set up an all-India marketing organisation for transformers with regional offices at Bombay, Calcutta, Delhi and Madras. The performance of the organisation has been quite encouraging. Production and sales of transformers reached an all-time high. The order book Is satisfactory arid prices are remunerative. Reluctance of .some electricity boards to accept transformers Offered for delivery, and delays in realisation of moneys, however, continue to be areas of concern for the management. The lifts division also showed significant improvement, although shortages of components resulted in curtailment of production. The company has received substantial orders front all over the country and the division's performance is expected to improve further despite continuing slackness in the construction industry. During 1980-81, the company's sales expanded from Rs 18.01 crore to Rs 21.45 crore and brought in a grass profit of Rs 1.67 crore against Rs 1.19 crore in the previous year. Net profit jumped to Rs 73 lakh from Rs 46 lakh. Dividend has been raised by a point to 16 per cent and was covered 3.33 times against 2.69 times previously.

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