Few objections received mostly by retired employees
After many twists and turns, the long-awaited merger of Bharat Heavy Plate and Vessels with Bharat Heavy Electricals Limited will finally materialise shortly with the stage set for gazette notification to wind up BHPV as an entity as per Companies Act.
BHPV -- the city-based heavy engineering and fabrication industry -- was set up in 1966 as an independent unit and later as a subsidiary of Bharat Yantra Nigam Limited and subsequently of BHEL. After BHPV was declared a sick unit by Board for Industrial and Financial Reconstruction in October, 2005, there were bids for acquisition by L&T and Engineers India Limited.
Sources told The Hindu there were only few objections received by mostly retired employees to the merger decision, who insisted on payment of revised wage arrears due to them. Complaints and suggestions were sought by Board for Reconstruction of Public Sector Enterprises – a pre-requisite – for amalgamation of two public sector entities with July 31 as the deadline.
BHPV National Employees’ Union general secretary V. Babu Rao said after gazette notification by the Registrar of Companies, their dream of merger with BHEL would become a reality. He said a committee headed by Director (HR) BHEL was likely to be set up to look into cadre restructuring, revised scales and whether to give notional benefit or work out weightage formula. The extraordinary general body meeting of the shareholders of BHEL was held on June 27 to inform BSE that as per March 21, 2013 Union Cabinet’s decision. The meeting unanimously adopted a resolution giving its stamp of approval for merger. BHPV became a subsidiary of BHEL on May 10, 2008 after a promise by Prime Minister Manmohan Singh at a public meeting in the city to the effect. This led to a sustained campaign by unions and political leadersso as to improve its brand image and provide better social security.
Now, BHPV employees are getting 1992 pay scale with some interim relief for 1997 scale and once the merger process is completed, all of them will be entitled for 2007 pay scales. “BHPV’s minimum wage to a permanent worker is Rs.10,000 whereas once it is merged with BHEL, they are supposed to get Rs.25,000 or so,” said S. Jyoteeswara Rao, a retired employee and a CITU activist.