In English - Bharat Heavy Electricals Ltd.
In English - Bharat Heavy Electricals Ltd.
In English - Bharat Heavy Electricals Ltd.
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CMD, BHEL presenting the <strong>In</strong>terim Dividend cheque for<br />
FY 2011-12 to Hon'ble Union Minister of <strong>Heavy</strong> <strong>In</strong>dustries<br />
& Public Enterprises<br />
r 665.75 crore, on share capital of r 489.52 crore, has<br />
already been paid for the year 2011-12. Thus the total<br />
dividend (exclusive of dividend tax) for the year<br />
2011-12 is r 1566.47 crore (r 6.40 per share) as against<br />
r 1524.85 crore paid in the previous year.<br />
Provision of r146.12 crore has been made for Corporate<br />
Dividend Tax on the Final dividend proposed. Corporate<br />
Dividend Tax of r 108 crore has already been paid on<br />
the interim dividend.<br />
ORDERS RECEIVED<br />
Orders worth R 22096 crore were received during the<br />
year as against r 60507 crore in 2010-11. Sector-wise<br />
orders booked are as follows:<br />
(R in Crore)<br />
2011-12 2010-11<br />
Power Sector 14012 46393<br />
<strong>In</strong>dustry Sector* 7850 10375<br />
<strong>In</strong>ternational Operations 234 3739<br />
Total Orders Booked 22096 60507<br />
Order Book outstanding<br />
at the end of the year 135300 164145<br />
* excludes inter sectoral orders<br />
The decrease in order book is mainly due to sharp slow<br />
down witnessed in the <strong>In</strong>dian power sector. The<br />
developers are facing numerous constraints like coal<br />
allocation, gas allocation, environment clearance, land<br />
acquisition, legal issues, financing and fund tie-ups etc.<br />
ANNUAL REPORT 2011-12<br />
21<br />
As a result bidding process of many projects was<br />
delayed and many projects, including those for which<br />
the bids have been opened in last financial year, could<br />
not be concluded for one or more of the above issues.<br />
Further, the year 2011-12 witnessed unforeseen turmoil<br />
in various parts of the globe influencing BHEL’s<br />
international business prospects.<br />
RATING OF BHEL VIS-À-VIS MOU TARGETS<br />
Performance of BHEL for the year 2010-11 has been<br />
rated as ‘Excellent’ in terms of MoU signed with the<br />
Government of <strong>In</strong>dia. BHEL has been awarded the MoU<br />
Composite score of ‘1.02’.<br />
The MoU rating for 2011-12 is under finalisation by the<br />
Government of <strong>In</strong>dia. However, company’s own<br />
assessment places performance of the company in<br />
‘Excellent’ category for Financial Year 2011-12.<br />
MANAGEMENT DISCUSSION AND ANALYSIS<br />
A report on Management Discussion and Analysis is<br />
placed at Annexure – I.<br />
BOARD OF DIRECTORS<br />
Appointment<br />
Shri Trimbakdas S. Zanwar has been re-appointed as<br />
Part-time Non-Official Director w.e.f. 11.10.2011.<br />
Shri R. Krishnan has been appointed as an Additional<br />
Director w.e.f. 01.04.2012 to take charge of the office<br />
of Director (HR).<br />
Shri Vijay Shankar Madan, IAS, Additional Secretary &<br />
Financial Advisor Department of <strong>In</strong>dustrial Policy and<br />
Promotion (DIPP), Ministry of Commerce & <strong>In</strong>dustry<br />
has been appointed as Part-time Official Director w.e.f.<br />
19.07.2012.<br />
<strong>In</strong> accordance with Section 260 of the Companies Act,<br />
1956 and Article 67(iv) of the Articles of Association of<br />
the Company, S/Shri Trimbakdas S. Zanwar, R.<br />
Krishnan and Vijay Shankar Madan shall hold their<br />
directorships upto the 48th Annual General Meeting of<br />
the Company and are eligible for appointment as<br />
Directors at the Meeting.<br />
Cessation<br />
Shri Trimbakdas S. Zanwar who was appointed as Parttime<br />
Non-Official Director w.e.f. 12.11.2010 had
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