OREANDA-NEWS. In spite of fiscal 2014-15 being an extremely challenging year,BHEL secured orders worth Rs.30,814 Crore, an increase of 10% over the previous year, in intensely competitive domestic and overseas markets.

Despite severe market shrinkage and stiff competition in the power sector, BHEL maintained its leadership position with a market share of 72% for the second consecutive year. By expanding its offerings, the company secured 89% of its total orders in the power sector on EPC (Engineering, Procurement & Construction) basis.

At the end of the year total orders in hand for execution in 2015-16 and beyond, stand at Rs.1,01,018 Crore. This was stated by Mr. B. Prasada Rao, Chairman & Managing Director, BHEL at the 51st Annual General Meeting of the company, here today. Addressing shareholders, Mr. Rao said that for the third time in a row, BHEL synchronized/ commissioned power projects of more than 10,000 MW in a single year.

Power projects totalling 11,941 MW were commissioned/ synchronized during the year, inclusive of 10,230 MW utility sets, 1,392 MW captive sets/ industrial sets in the country and 319 MW in overseas markets. 2014-15 marked a turnaround in the Indian Hydropower sector with an addition of 736 MW to Central utilities, the highest in a decade.