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.
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, according to SCCL.
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. Officials said product diversification, new business opportunities and cost-control measures have significantly improved financial performance. 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.
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.