New Delhi: State-run power equipment maker BHEL may not be able to achieve its export revenue target of Rs 6,800 crore for the Eleventh Five Year Plan (2007-12), on account of weak global demand, reports PTI.
BHEL was expected to register a turnover of Rs45,000 crore by the end of the ongoing XI Five Year Plan (2007-12), out of which 15% was to be realised from exports to markets such as Africa and the Middle East.
However, due to a slump in demand in the wake of the global economic meltdown, BHEL has not received as many orders from the African market as anticipated, company sources said.
As a result of the slippage in exports, the company is likely to miss its overall revenue target for the XI Five-Year Plan as well.
BHEL has established its footprint in 70 countries, spanning six continents. The company offers engineering, procurement and construction services and also supplies power equipment.
The order book of the company stood at Rs1,54,000 crore on 31 October 2010.
The power equipment maker recently joined hands with GE India Industrial Private Limited (GEIIPL) for manufacturing water treatment equipment.
Under the agreement, BHEL and GEIIPL, a 100% owned subsidiary of GE, USA, will jointly engineer and supply water treatment solutions for the Indian market. The joint venture will help BHEL acquire the capability to develop large water treatment systems on its own.
The public sector company has the capacity to manufacture power equipment capable of generating 15,000MW of electricity every year.