In a press release on Sunday, the state-run Power equipment maker Bharat Heavy Electricals Ltd (BHEL) announced that the annual 2008-09 turnover figures of its boiler auxiliaries plant marked a record high of Rs. 2,000 crore!

The turnover for exports also showed an increase of 40 per cent, as compared to the year-before figures, yielding Rs. 28 crore for the year on the whole. In case of the value addition per employee also, the figures depict a year-on-year increase of 19 percent to Rs. 19.79 lakh.

Power equipment manufacturer BHEL announced that its boiler auxiliaries facility had attained a record high turnover of Rs 2,000 crore during the last fiscal (2008-09).

During the fiscal, the company said that the profit before tax (PBT) stood at Rs 253 crore.

Moreover, its dispatches were up 30% at 1.9 lakh metric tonnes during the period under review.

The facility saw an increase of 26% in its growth rate, while it bagged orders worth Rs 3,700 crore during the fiscal.

The Federation of Indian Export Organisations (FIEO) has forecasted 15 to 20 per cent decline in export in the month of March following slump in demand under the impact of global slowdown.

USA and Europe, the traditional markets for Indian products, are grappled with hard financial conditions with unemployment spreading across all nations due to large scale layoffs as firms are facing shortage of contracts due to low demand and reduction in customers spending.

In reaction to the patent granted to Bajaj Auto for its ExhausTEC invention, TVS Motor Company's President Marketing, HS Goindi told Business Line that his company had neither infringed the patent nor would the grant of patent have any affect whatsoever on TVS' business, as "none of the products of the company utilize the said technology."

The manufacturer of luxury automobiles and sports cars – Porsche SE is set to expand its operations in India. The Stuttgart, Germany based Porsche is planning to increase its presence in the automobile market in India. 

Porsche, which is known for its Cayenne SUV and sports cars like the 911, Boxster and Cayman, is presently selling its automobiles in India via import route. The company is now planning to expand the number of its dealerships to 11 beyond the present Delhi and Mumbai showrooms. 

Kathmandu, Apr 4: An Indian company and a Nepali firm have recently formed a joint venture company - USP Wind and Power System - in Kathmandu to tap wind to generate electricity.

"This company aims to tap wind to generate electricity in the Kathmandu Valley and remote districts. Wind energy projects can play a vital role in rural electrification," said Surendra Bahadur Singh, executive director of the joint venture.