Bhel becomes a Maharatna
4 Feb 2013 7:42 AM IST
Consistent high performance, while operating in a highly competitive environment and fulfillment of the required eligibility criteria have enabled Bharat Heavy Electricals Ltd (Bhel) to attain the Maharatna status.
The Union government has granted the Maharatna status to Bharat Heavy Electricals Ltd. The public sector enterprise (PSE) has the capability to manufacture the entire range of power equipment besides being active in the fields of rail transportation, power transmission, oil & gas, defence, renewable and other industrial segments.
The company achieved a turnover of Rs 49,510 crore and net profit of Rs.7,040 crore in the financial year 2012. Under the ‘Maharatna scheme’, Boards of public sector enterprises are delegated with enhanced powers to facilitate expansion of their operations, both in the domestic and global markets.
Maharatna status will help Bharat Heavy Electricals Ltd (Bhel) realise its long-term objectives and reach a turnover of Rs 1 lakh crore by fiscal 2016-17. With this, the company will be able to pursue several growth opportunities in the areas of transportation, renewables, transmission etc in addition to its core area of power generation.
It will also enable the company to tap big-ticket opportunities for equity participation in large size international projects to gain access to technology, engineered materials and the market.
The Union government has granted the Maharatna status to Bharat Heavy Electricals Ltd. The public sector enterprise (PSE) has the capability to manufacture the entire range of power equipment besides being active in the fields of rail transportation, power transmission, oil & gas, defence, renewable and other industrial segments.
The company achieved a turnover of Rs 49,510 crore and net profit of Rs.7,040 crore in the financial year 2012. Under the ‘Maharatna scheme’, Boards of public sector enterprises are delegated with enhanced powers to facilitate expansion of their operations, both in the domestic and global markets.
Maharatna status will help Bharat Heavy Electricals Ltd (Bhel) realise its long-term objectives and reach a turnover of Rs 1 lakh crore by fiscal 2016-17. With this, the company will be able to pursue several growth opportunities in the areas of transportation, renewables, transmission etc in addition to its core area of power generation.
It will also enable the company to tap big-ticket opportunities for equity participation in large size international projects to gain access to technology, engineered materials and the market.
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