Bharat Heavy Electricals Limited, Tiruchi, will be investing Rs.159 crore to modernise its Seamless Steel Tube Plant (SSTP).
The quantum of outsourcing and away centre fabrication has increased over the years, and new initiatives such as e-procurement, value stream mapping, and ‘design to cost' were progressing in full stream, A.V. Krishnan, Executive Director, BHEL, Tiruchi, said on Thursday, after unfurling the Tricolour during the 63rd Republic Day celebration at Jawaharlal Nehru stadium in Kailasapuram township.
The company's count of registered intellectual property rights has been witnessing a rise, Mr. Krishnan said, referring to BHEL's collaborative research and development efforts through IIT Research Park, NIT-Tiruchi, and Tiruchi Regional Engineering College–Science and Technology Entrepreneurs Park.
Supercritical boilers technology would be the main business in the years to come, Mr Krishnan said addressing a gathering of employees and their family members, and other invitees.
Listing the efforts initiated to sustain success and superiority in the changed business scenario of more and demanding private sector customers, Mr Krishnan spoke on attempts at the multi-modal and third party logistics; efforts on knowledge management and succession planning; and strategic and technology plans for the next five years.
As a global citizen, BHEL was bound to provide products that ensure sustainability.
The MoUs with TREC-STEP to take forward technologies for carbon capture, transport and storage, and cleaner coal; with Abengao for solar thermal technology; with APGENCO for IGCC (Integrated Gasifier Combined Cycle) technology; and its (BHEL's) own progress in stabilisation of environment-friendly CFBC (Circulating Fluidised Bed Combustion) boilers were initiatives in the direction, he said. While registering all-round success, BHEL had the responsibility of providing hope for the next generation at three levels: personal, corporate, and global, he added.
Mr. Krishnan presented certificates and awards to 187 employees for their outstanding contributions in various fields, including cycle time reduction, knowledge management, productivity improvement, capacity utilisation, economic buying, energy conservation, inventory management, low cost automation, quality, and overall productivity improvements.
A dog show by BHEL security force marked the celebration.