Few defence PSUs were bleeding, now posting profits: Bhamre -Governance Now

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

How Rafi, Raj Kapoor helped pave the way for a great uranium deal

There`s a certain moment in diplomacy that`s too personal to be captured in a communiqué, too small to make the front page, but more revealing than the front page. This week, prime minister Narendra Modi reached Tashkent and, amid the pomp of state visits, managed to evoke the old Bollywood tunes

Distinguishing Fish 1 and Fish 2: The pragmatism behind India’s WTO ratification

India became the 123rd WTO member to ratify the multilateral Agreement on Fisheries subsidies (AoFS) when it deposited the Instrument of Acceptance for Phase 1 on July 20, 2026. The ratification is restricted to disciplining Illegal, Unreported and Unregulated fishing (IUU), protection for overfished

The 7% growth problem: Why the next 7% will be harder

India has become accustomed to hearing the 7% growth number. It is now less a milestone than an expectation. Yet the paradox is becoming clearer: maintaining 7% growth may be considerably harder than achieving it once. India’s real GDP grew 7.7% in FY2025–26, following growth of 6.5% in FY202

The Constitution cannot be altered: Justice Abhay Oka

Justice Abhay Oka, who retired from the Supreme Court in May 2025, has said that the Constitution of India cannot be altered. Explaining the landmark Kesavananda Bharati judgment (1973) on the basic structure of the Constitution, he said, “This is one judgment that has saved democracy in India.&rdq

How the flora and fauna evolved in the Indian subcontinent

Mammals of India By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris