The Committee of Secretaries headed by the Cabinet Secretary has cleared the proposal to grant Bharat Heavy Electricals Limited (BHEL) ‘Maharatna’ status, according to Praful Patel, Union Minister for Heavy Industries and Public Enterprises.
The Minister made the announcement while addressing BHEL employees during a visit to the High Pressure Boiler Plant and the Seamless Steel Tube Plant of the public sector giant on Wednesday, according to an official press release.
Mr. Patel expressed confidence that given its strong technical base and vast engineering capability BHEL would shine despite the global economic slowdown. BHEL has a long and glorious tradition of contribution to the development of the nation and it is one of the finest companies in the world. The 49,000-strong technical and committed workforce of BHEL hailing from all parts of the country, was one of the biggest assets of the country, he said assuring the government’s support for BHEL.
The Minister also called upon BHEL to look for new avenues for growth including new business areas such as solar energy.
B.Prasada Rao, Chairman and Managing Director, BHEL, explained the growth initiatives and strategies of the company. A.V.Krishnan, Executive Director, BHEL Tiruchi complex, O.P.Bhutani, Director, Engineering and R&D, R.Krishnan, Director, Human Resources, P.K.Bajpai, Director, Finance, and other senior officials from BHEL’s corporate office were present.
Earlier, Mr. Patel visited the High Pressure Boiler Plant (HPBP), the Seamless Steel Tube Plant (SSTP) and the R&D facilities including the Integrated Gasification Combined Cycle (IGCC) demonstration plant. He planted a sapling at the new Unit-II of the High Pressure Boiler Plant and evinced interest in the manufacture of complex components for supercritical boilers in various shops.
At SSTP, the Minister inaugurated the charging of the rotary hearth furnace following the modernisation and capacity augmentation which has trebled the capacity of the plant, the release said.