The Bharat Heavy Electricals Limited (BHEL) on Wednesday said that it has achieved an all time high turnover of Rs 2140.10 crore and net profit of 19 per cent (Rs 285.90 crore) during the year before. The turnover is 14.2 per cent more than the previous year. Addressing the shareholders in its annual general meeting, Chairman and Managing Director Ravi Kumar said the company had recorded a surge in Economic Value Addition which went up to Rs 181 crore from Rs 16.57 crore for the year before. He said that BHEL secured the highest-ever orders worth Rs 5027 crore in a single year despite operating under intense competitive pressure in domestic and international markets. With an order of over Rs 8500 crore, the highest ever both in physical as well as financial terms, at the close of the financial year, the company expects to achieve robust growth in the current fiscal and beyond. Ravi Kumar said BHEL will enhance its manufacturing capacity to 20,000 MW in three years from the current 10,000 MW. "BHEL will increase its manufacturing capacity from the present 10,000 MW to 20,000 MW by the year 2011," a company statement said. The company expects to reach the 15,000 MW manufacturing capacity mark by this year-end, it said. Besides capacity augmentation of existing products, other major areas of investment include facilities for higher rating nuclear sets, 765 kV transformers and other associated transmission equipment. "Attention is also being given to rebuild and retrofit existing facilities to enhance their life, accuracy and productivity through additional investment," Ravi Kumar said. BHEL secured the highest-ever orders worth Rs 50,270 crore in 2007-08 and has an order book position of over Rs 85,000 crore.