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Visakhapatnam, Sept 17

The Union Heavy Industries Minister, Mr Vilasrao Deshmukh, visited Bharat Heavy Plate and Vessels Ltd, a subsidiary of BHEL, here on Friday and reviewed the performance of the public sector company after its takeover by BHEL. It was the first visit of the Minister to the company.

He was accompanied by Mr Sabbam Hari, the member of the Lok Sabha from Anakapalle, and Mr T. Subbarami Reddy, the member of the Rajya Sabha and former Union Minister.

At a review meeting with the directors of BHEL, the Minister was reportedly told all steps were being taken to revive BHPV and at present there were orders worth Rs 200 crore in the pipeline. The plant had the capacity to manufacture industrial boilers, nitrogen plants, heat exchangers, pressure vessels, spheres, heaters and several other equipment needed in the manufacturing sector. Orders worth Rs 60-70 crore were expected in the near future and the image of the company had improved considerably after the takeover, he was told.

Turnover

BHPV had achieved turnover of Rs 105 crore during 2009-10 and was aiming at Rs 270 crore during the current fiscal, he was told. The Minister questioned the directors of BHEL about the pending wage revision, agitating the workers, and the hurdles holding up full-scale merger with the BHEL. Later, he held a meeting with the representatives of the unions. The Union Minister reportedly assured the union leaders that he would take up the unresolved issues after the takeover by BHEL and expedite the process of full-scale merger with the parent company.

(This article was published in the Business Line print edition dated September 18, 2010)
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