After BRPSE clearance Vizag unit will be flooded with orders from Navratna company
The long-awaited decision to merge Bharat Heavy Plate and Vessels (BHPV) with Bharat Heavy Electricals Limited (BHEL) has not only boosted the morale of the city-based public sector unit’s workforce but also created a celebratory mood among ancillary units.
Around two dozen structural and fabrication units located in Gajuwaka area are excited at the prospects of good days for BHPV in its new avatar. Once the formalities for getting clearance from Board for Reconstruction of Public Sector Enterprises (BRPSE) is obtained, the stage will be set up, maybe in a few months, for BHPV to become part and parcel of BHEL.
As the Visakhapatnam unit of BHEL, it will be flooded with orders from the corporate office of the Navratna company. “There won’t be worries on rates of work orders and settlement of bills. Rather there will be more ancillary units and delivery schedule and track record will be the sole criterion for getting orders,” said Ramakrishna Narappareddy, president of Visakha Autonagar Small Scale Industrialists’ Welfare Association.
BHPV, a heavy engineering company, was set up in 1966. At one point of time, it got the recognition of being the country’s premier heavy engineering firm securing prestigious orders from petrochemical units and Indian Space Research Organisation.
Change in policies and priorities pushed the company into losses in 2005 and subsequently it was referred to Board of Industrial Finance and Reconstruction.
At one stage in late 1990s, the employees resisted attempts to privatise it. There was also a proposal to raise funds for its revival by selling its surplus lands.
The peaceful struggle by various unions ultimately led to BHPV becoming a subsidiary of BHEL in 2008. Not content with the decision, the employees continued their struggle for fulfilling the promise made by Prime Minister Manmohan Singh at a public meeting in the city that it would be merged with the BHEL.
“Finally, we are very happy that despite several ups and downs, our dream is going to be true with quantum jump in pay scales, fringe benefits like LTA, bonus, medical and increase in retirement age from 58 to 60,” said V. Babu Rao, general secretary of BHPV National Employees’ Union.
Around two dozen structural and fabrication units are located in Gajuwaka area We are very happy that our dream is going to be true, says employees union leader
Around two dozen structural and fabrication units are located in Gajuwaka area
We are very happy that our dream is going to be true, says employees union leader