BHEL bullish on defence orders

GN Bureau | September 24, 2015


#BHEL   #Platform Management System   #IPMS  

Power equipment maker BHEL is bullish on defence manufacturing sector, , which is being opened up and is looking for original equipment manufacturers (OEMs) for partnership.

The public sector unit is particularly interested in naval, field guns and sub-marines.  The company has made significant contributions for naval guns and Integrated Platform Management System (IPMS), BHEL Chairman and Managing Director (CMD) B Prasada Rao said at the company's 51st AGM recently.

The 'Make in India' initiative in the defence sector is opening up large opportunities in naval and field guns, sub-marines, etc. BHEL is actively pursuing these opportunities by partnering with global OEMs, he added. In spite of 2014-15 being an extremely challenging financial year, BHEL secured orders worth Rs 30,814 crore, an increase of 10 percent over the previous year, in intensely competitive domestic and overseas markets, Rao said.

"2014-15 marked a turnaround in the Indian hydropower sector with an addition of 736 MW to Central utilities, the highest in a decade. Notably, entire 736 MW of hydroelectric projects were commissioned by BHEL," Rao said.

"At the end of the year, total orders in hand for execution in 2015-16 and beyond, stand at Rs 1,01,018 crore," he said.  Despite severe market shrinkage and stiff competition in the power sector, BHEL maintained its leadership position with a market share of 72 percent for the second consecutive year.

By expanding its offerings, the company secured 89 percent of its total orders in the power sector on engineering, procurement and construction (EPC) basis.

For the third time in a row, BHEL synchronized/ commissioned power projects of more than 10,000 MW in a single year. Power projects totalling 11,941 MW were commissioned during the year, inclusive of 10,230 MW utility sets, 1,392 MW captive sets/ industrial sets in the country and 319 MW in overseas markets.

Comments

 

Other News

Railways suffered over Rs 33,000 crore loss on passenger service: CAG

  The Railways was unable to meet its operational cost of passenger and other coaching services. During 2014-15, there was a loss of Rs 33,821.70 crore on passenger and other coaching services. The freight services earned a profit of Rs 38,312.59 crore which indicated that 88.28 percent

“Return land to tribals after mining is over”

Seasoned BJP parliamentarian Nand Kumar Sai, who took charge as the chairperson of the National Commission for Scheduled Tribes (NCST) on February 28, has his work cut out for him. Archana Mishra caught up with Sai, 71, on his first day in office where he

Should there be automatic termination as member of parliament if that person takes oath as minister/chief minister in a state?

Should there be automatic termination as member of parliament if that person takes oath as minister/chief minister in a state?

Ganga, Modi and people’s unwavering faith

When the truth was a few steps away from Modi’s gaze In November 2014, prime minister Narendra Modi made his first visit to his constituency Varanasi and launched a massive cleanliness drive at Asi ghat, which was covered in mud and silt. When locals sa

Schooling improved in India, shows HDI

India has slipped one spot in the Human Development Index 2016. India’s HDI value for 2015 is 0.624 — which put the country in the medium human development category - positioning it at 131 out of 188 countries and territories.   Between 1990 and 2015,

IIFCL gives Rs 3.5 crore for cancer treatment

An appeal was made to PSUs to contribute funds under their CSR Scheme towards Health Minister’s Cancer Patient Fund-CSR for treatment of poor cancer patients.    India Infrastructure Finance Company Limited (IIFCL) contributed an amount of Rs 7.5 crore in 2015-16.

Video

जानिए क्या है ओबीसी आयोग

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter