BHEL gains 40%, gas turbine business in Japan

Government-owned power equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) on Monday announced a 40 per cent rise in net profit to Rs 6,021 crore in 2010-11. The company said it was looking at the Japanese market for gas turbine business in partnership with American major GE.

Announcing the results, BHEL's Chairman and Managing Director B Prasada Rao said localisation of technologies, continuous working on supply chain and lower material costs helped the company in posting good profit. In the 2009-10, the company made a profit of Rs 4,311 crore.