September 08, 2008

BHEL takes over BHPV

It is reported that Bharat Heavy Electricals Limited took over Bharat Heavy Plate & Vessels Limited.

The authority letter relating to the takeover was handed over by Dr Satyanarayana Dash secretary of the union department of heavy industry to Mr K Ravi Kumar CMD of BHEL.

Mr Ravi Kumar said BHPV would be developed as a dedicated centre for industrial boilers, INR 236 crore would be spent on the unit during the next 3 years and its turnover would touch the INR 1,000 crore mark in next 5 years.