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

Taming turbulence in Indian aviation

The booming Indian aviation industry, among the fastest growing sectors in the world, is projected to be valued at $40 billion by 2027. But, despite robust demand for air travel across the country, more than 50 airlines have closed down in the last decade in India and most private airlines have closed with

PM Modi leaves for G7 Summit in Italy

In his first foreign visit after taking oath of office for the third time, prime minister Narendra Modi Thursday evening left for Italy to participate in the G7 Outreach Summit. “At the invitation of Prime Minister Giorgia Meloni, I am travelling to Apulia region in Italy to participat

Some market talk, some gossip – learnings over tea at RBI

A Fly on the RBI Wall: An Insider’s View of the Central Bank By Alpana Killawala Rupa Publications, 248 pages, Rs 595  

Coalition politics not expected to impact India’s foreign policy

Prime minister Narendra Modi has strived incessantly to bring laurels and much needed recognition for the nation since May 2014 when he was sworn in as the head of state. The poser which can be deliberated upon is this: What will be the consequential impact of the new era of coalition politics which confro

New govt`s first decision pushes for farmer welfare

The BJP-led NDA government has started its term with its first decision relating to farmer welfare. Narendra Modi took charge of office as prime minister of India for the third time on Monday, a day after he and his colleagues were sworn in by the president of India. In his fi

Narendra Modi takes oath for third term

Narendra Modi made history Sunday evening as he was sworn in by president Droupadi Murmu for a third successive term. Modi thus becomes the first prime minister since Jawaharlal Nehru to have comptered two full terms and beginning a third consecutive term. In the swearing-in c

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