Few defence PSUs were bleeding, now posting profits: Bhamre

Defence PSUs HSL and BEML were incurring losses in the past

GN Bureau | December 28, 2017


#PSU   #defence   #HSL   #BEML  

 Minister of state for defence Subhash Bhamre informed the Lok Sabha that the defence PSU Hindustan Shipyard Limited (HSL) was incurring losses for many years due to lack of orders. However, HSL started posting profits in the last two fiscal.

 
HSL has been developing infrastructure facility for covered building dock, three slipways, repair graving dock, large wet basin and high pressure hydraulic flushing facilities for submarines.
 
The defence ministry has issued letter of offer for construction of special operation vehicles and fleet support ships to HSL.
 
Bhamre also said that Bharat Earth Movers Limited (BEML), which is a profitable enterprise for the past few years, had also gone through a tough time when it incurred losses in 2012-13.
 
The minister said the defence PSUs have established all facilities for design, development, manufacture and repair of equipment for the armed forces.
 
Nine defence PSUs are having 47 units and ordnance factories have 41 units across the country, he said.
 
The other defence PSUs include Ordinance Factory Board, Bharat Electronics Ltd, BEML, Bharat Dynamics Limited, Mishra Dhatu Nigam Limited, Mazagaon Dockyards Limited, Garden Reach Ship Builders & Engineers Limited and Goa Shipyard Limited.

Comments

 

Other News

Elections 2024: Why Mumbai and Maharashtra verdict is crucial

In the ongoing Lok Sabha elections, Maharashtra with 48 Lok Sabha seats is of crucial importance for the final outcome. In the 2019 election, the Shiv Sena-BJP alliance won 42 seats including six seats in Mumbai, as well as one each in Thane, Kalyan, Bhiwandi, and Palghar, which fall in the Mumbai Metropol

Jammu-Kashmir makes indelible mark on electoral history

In a massive stride for India’s electoral polity, Jammu and Kashmir has registered its highest poll participation in the last 35 years in the General Elections of 2024. The Combined Voter Turnout (VTR) at the polling stations for the entire union territory, which has 5 Lok Sabha seats

New study tracks heat wave; exposes dangerous trends in big cities

An unprecedented heat wave has been enveloping Indian cities, worsening the urban heat island effect, this summer. A new analysis by Centre for Science and Environment (CSE) says there are far deeper and longer term evidences on the nature of this changing trend that is impacting the biggest cities of the

Phase 6: Voter turnout 59.06% at 7:45 PM

Polling in the sixth phase of General Elections 2024 which commenced across 58 PCs recorded an approximate voter turnout of 59.06% as of 7:45 pm Saturday. In spite of hot weather in certain parts of the country, voters were undeterred in their enthusiasm as they were seen queuing up patient

Banks not adhering to RBI guidelines, finds study

Banks across India are levying inconsistent service charges on basic savings accounts. A study, “Benchmarking Reasonableness of Service Charges by Banks in India”, uncovers and exposes inconsistencies in adherence to RBI mandates by banks. It finds some banks impose charges exceeding reasonable

“Mumbai Infra boom similar to that of Manhattan in 19th C”

Mumbai’s ongoing infrastructure boom – with a new coastal road, Atal Setu, metro lines and much more – creating transport corridors – is comparable to that of Manhattan in New York during 1811-1870, according to BMC commissioner Bhushan Gagrani. The iconic projects being implemented

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter