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Turnaround performance of Bharat Bhari
Udyog Nigam Ltd (BBUNL)
Thrust area for BBUNL Group management in 2009-10 was to
strengthen the core competencies of each of the Group
companies, diversify into non-core area where the companies
can excel with minimum investment and achieve Turnaround
performance during the year 2009-10.
We are proud to announce that BBUNL Group had achieved its set
goal and achieved a spectacular turnaround performance during
2009-10 registering 36% improvement in Production. 509% growth
in Cash Profit from 2008-09. All the subsidiary companies
improved both physical and financial performance in 2009-10.
Braithwaite & Co Ltd (BCL) has crossed the landmark of
production of 1000 wagons in a year. Stainless steel wagon (BOXNHL
type) and MoD II bogie developed for Indian Railways and Bulk
production started. Salem works of BSCL has, for the first
time in its history, crossed the landmark of 100 crore
production and a spectacular improvement of physical
production. BBJ Construction Co. (BBJ) started erection of Ganga Bridge, Munger Bridge, Bridge over river Mahananda and
erection of Bridges for Mumbai Metro. BBJ has also obtained
Quality Management Certificate ISO 9001:2008 for fabrication
and site erection of Steel Bridge and is believed to be the
only Indian construction company to obtain such certificate as
on date. BBUNL Group companies are having a comfortable order
book position of around Rs.1500 crore as on 1st April 2010.
For its turnaround performance of the Group companies, the
Institute of Economic Studies (IES) has awarded BBUNL with
EXCELLENCE AWARD.
BBUNL, in its effort to be self generating - self sustaining
performance, has secured domestic and export orders in the
area of civil construction, consultancy and project management
job and executing the same through subsidiary or external
agencies. The current order book position is more than Rs.200 crore for
BBUNL, as stand alone entity. Further orders are in
pipeline.
In spite of various internal and external impediments, BBUNL
Group is poised to improve its performance further during
FY:2010-11 and take it to new High.
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