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

Kodnani’s acquittal raises doubts about criminal justice system

 Maya Kodnani, a BJP leader who was the MLA from Naroda when this locality on the outskirts of Ahmedabad witnessed one of the most gruesome episodes during the Gujarat riots of 2002, was acquitted by the Gujarat High Court on Friday. Her acquittal in the Naroda Patiya massacre case is only a sequel to

BMC took nearly 48 days in resolving one complaint

The number of civic complaints with BMC has increased from 61,910 in 2015 to 92,329 in 2017, which is 49% in two years. A report titled ‘Civic Issues Registered by Citizens and Deliberations done by Municipal Councillors in Mumbai’ released by Praja Foundation has found some interesting facts a

Who is Atishi Marlena?

Atishi Marlena is among the nine AAP functionaries who were dismissed by the union home ministry asserting that their posts were created without the approval of the centre. Marlena, served as education advisor of the Aam Aadmi Party (AAP)-led government in Delhi. While she was intrumental in improving the

Leadership? Learn it from Jaising, Ambani, Doshi

The Fortune magazine has named three Indians – lawyer Indira Jaising, industrialist Mukesh Ambani and architect Balkrishna V Doshi – among the world’s greatest fifty leaders.

Energy as the new value system for redesigning daily life

Remember Kardashev scale? For the uninitiated, it’s a method of measuring a civilization’s level of technological advancement, based on the amount of energy it is able to use for communication. We will get to its unconventional relevance to the big urban questions at the end, but just keep it a

48 MLAs, MPs have declared cases of crime against women

Out of 1580 MPs and MLAs with criminal cases, 48 (three MPs and 45 MLAs) have declared cases related to crime against women. The Association for Democratic Reforms (ADR) and

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter