• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Visakhapatnam , Dec. 21

The ailing Bharat Heavy Plate and Vessels Ltd here is to be merged with Bharat Heavy Electricals Ltd (BHEL) and the Union Government has taken a decision to that effect, according to a note issued by Mr N. Janardhana Reddy, member of the Lok Sabha from the Visakhapatnam constituency.

In the press release issued here on Wednesday, Mr Reddy referred to his efforts to get BHPV and Hindusthan Shipyard Ltd revived. "The Union Minister for Heavy Industry, Mr Santosh Mohan Dev, deserves praise for his efforts to get the BHPV merged in the BHEL," he said in the press release.

Mr Dev would visit Hyderabad and Visakhapatnam during January 6-7 to discuss the modalities of the merger with the unions, the Chief Minister of Andhra Pradesh and officials. The formal announcement would be made then, according to the release.Once a profit-making PSU employing more than 5,000 workers, the BHPV had become sick in recent times though it had orders worth more than Rs 200 crore on hand, Mr Reddy said.

More Stories on : Mergers & Acquisitions | PSU | Policy | Engineering | Bharat Heavy Electricals Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Volvo shifting Europe truck work to India

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line