Financial Daily from THE HINDU group of publications
Monday, Dec 06, 2004
Financial Daily from THE HINDU group of publications Monday, Dec 06, 2004 |
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Corporate
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Outlook BHEL(Tiruchi) ancillary units urged to diversify Our Correspondent
Madurai , Dec. 5 THE ancillary units of Bharat Heavy Electricals Ltd (BHEL) at Tiruchi should try to emerge as product designers and manufacturers and gear themselves for on-site fabrication of materials as they have the potential to emerge as a centre of excellence in fabrication, capable of achieving a turnover of Rs 1,000 crore, BHEL Executive Director, Mr A.K. Mathur, has said. Speaking at the `Quality Month' celebrations of BHEL Small-Scale Industries Association (BHELSSIA) at Tiruchi recently, Mr Mathur observed that with the emergence of a real threat from the Chinese power plant equipment manufacturers, margins have been getting thinner and a need has arisen to cut costs. The ancillary units, therefore, he suggested, should diversify into value-added products.
More Stories on : Outlook | Engineering | Tamil Nadu | Diversification
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