New Delhi: Apart from the focus on power sector, the public sector giant BHEL is all set to diversify into transport and defence sector. Under this, it will be undertaking various projects of Metro Rail and Indian Railways. BHEL has achieved a 21.2 percent growth in profits in FY 2012-13.

BHEL is also expecting an order of 15, 000-16,000 MW in power sector. To discuss the performance of last FY and opportunities in the coming FY, Chairman and Managing Director (CMD) B Prasad Rao had addressed a press conference. He said that they are trying to make company’s presence felt in renewable energy sector as well. Under this, BHEL has already established a 15 MW solar energy plant. Now, the company will also be focusing on transport, transmission, defence and nuclear energy sector. At present, the company has orders worth Rs 1,34,681 crore.

As far as the performances of FY 2012-13 are concerned, company’s business has increased by 19.4 percent to Rs 49,301 crore. It is for the first time that company’s profit before tax has crossed Rs 10,000 crore. Net profit of BHEL was Rs 6,868 crore. Company has done an expenditure of Rs 1,162 crore on Research and Development (R&D).

Talking on the changing strategy of the company, Rao has said that the company does not want to miss out on the growing opportunities in transport sector. Almost around 25 cities are expected to get Metro train. Company has formed a committee to work out opportunities for BHEL in the transport sector. Apart from all this, BHEL is also mulling their entrance into nuclear power sector.