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BHEL done!
Power equipment manufacturer BHEL added one more achievement to its kitty. The company, led by B Prasada Rao, Chairman and Managing Director, was recently granted the Maharatna status by the Government of India. It was honoured on the basis of its consistent high performance, operations in a highly competitive environment and fulfillment of the required eligibility criteria. It registered a turnover of Rs 49,510 crore and net profit of Rs 7,040 crore in the year 2012. The Maharatna status will enable the company to realise its long-term objectives and reach a turnover of Rs 1 lakh crore by 2016-17. The company will be able to pursue growth opportunities in the areas of transportation, renewables and transmission and tap big ticket opportunities for equity participation in large size international projects.