Mumbai: State-run Bharat Heavy Electricals Ltd (BHEL) aims to more than double its turnover to $10 billion (nearly Rs 44,000 crore) by 2011-12.

The heavy equipment manufacturer, which saw its turnover increase by 29 per cent to Rs 18,702 crore from Rs 14,525 crore in the same period a year ago, reported a 42 per cent jump in its net profit for 2006-07.

BHEL, a key producer and supplier of power plants and equipment, posted a net profit of Rs 2,385 crore for the year 2006-07 as against Rs 1,679 crore in 2005-06.

"BHEL plans to have 15,000 MW power equipment manufacturing capacity during the 11th plan,'' the company's CMD Ashok K Puri said. "A strategic plan for ensuring a sustainable and profitable growth for the company has been drawn up to enable the company's turnover to grow from $4 billion to $10 billion by 2011-12," Puri stated at a news conference.

The focus is on capacity and capability enhancement leveraging the company's efforts in its core area of power, supported by industry, transportation, transmission, exports and spares & services businesses, he added.

BHEL has over the years expanded its global footprint. The company, which already has a significant presence in countries like Sudan, France, Egypt, Afghanistan, Bangladesh, Sweden and Oman, recently added Kazakhstan to the list.

Total export turnover (physical and deemed) of the company reached Rs 6,355 crore. Physical exports rose 38.9 per cent to Rs 1,029 crore.

''The year-end outstanding order book is around Rs 55,000 crore. The company's order inflows jumped by 88 per cent to Rs 35,633 crore during the same period", Puri said.