Hyderabad: Andhra Pradesh Heavy Machinery and Engineering Limited (APHMEL), a subsidiary of Singareni Collieries Company Limited (SCCL), has registered a record net profit of ₹23.33 crore in 2025-26, helping the company achieve a cumulative net profit of ₹34.20 crore over the last three years.Once on the verge of closure with accumulated losses of about ₹21 crore, APHMEL has undergone a remarkable turnaround under Singareni’s management. The company has now accumulated profits of ₹60.85 crore since coming under SCCL’s control.According to SCCL, APHMEL posted profits of ₹1.05 crore in 2023-24, ₹9.87 crore in 2024-25, and a record ₹23.33 crore in 2025-26, marking its highest-ever annual profit in its 50-year history.The company attributed its recent growth to expansion initiatives taken up after the Praja Palana govt assumed office in December 2023. Efforts were launched to not only strengthen Singareni but also transform APHMEL into a national-level heavy engineering enterprise.A major push came from Deputy CM and energy minister Bhatti Vikramarka, who visited the APHMEL plant at Kondapalli last year and encouraged the company to expand beyond the Telugu States, diversify its product range and secure orders from across the country, the SCCL said.APHMEL, which traditionally supplied machinery and spare parts mainly to Singareni, has expanded its business footprint by securing orders from major public sector organisations, including BHEL, GENCO, NMDC and RINL. Officials said product diversification, new business opportunities and cost-control measures have significantly improved financial performance.As part of efforts to reduce operational expenses, the company has also established a 300-kW solar power plant at its premises. The project is expected to generate about 1,200 units of power daily and save nearly ₹2 lakh per month in electricity costs.Officials said APHMEL’s turnaround from a loss-making enterprise to a profitable engineering company reflects the impact of sustained support from Singareni, improved management practices and a focus on expansion and efficiency.ends/
