IndiaCatalog.com
India News
Search Web Directory
News Home
BHEL aims non-power revenue to 40 pc by 2022
Posted on 7th November 2017
Kolkata, Nov 7 () The state-owned power equipment major, Bharat Heavy Electricals Limited (BHEL) is aiming at doubling the non-power revenue by 2022 and the projects will be executed on a turnkey basis.

The areas like municipal water, Ganga mission, solar, aerospace, defense and metro and high speed rail projects have been identified as growth drivers. "Currently, our non-power business is 20 per cent and we are aiming at doubling it to 40 per cent by 2022," BHEL Director Amitabh Mathur told . "Unless, we take turnkey projects like we do in power, topline will not be high," he said. Currently, power and associated business contribute 80 per cent of the revenue for the company, while the rest 20 per cent have been generated by the Railways and other electrical products. The new areas of diversification like municipal water projects, solar, clean Ganga mission, metro projects and high speed trains, aerospace and defense would help the power equipment maker to transform into an engineering powerhouse, the official said. The power sector remains in stress and with emphasis by the government on renewables, the Central Electricity Authority (CEA) last year had said there was no need for new thermal power plants till 2022. BHEL had then reacted saying even if new thermal project order might dip, replacement and modernisation projects order book was very strong. He clarified despite diversification in other areas BHEL remained committed to power. For capacity building in water projects, BHEL and the National Environmental Engineering Research Institute (NEERI), under the Council of Scientific and Industrial Research (CSIR) had signed an MoU for jointly working on projects related to water and waste water treatment in the municipal segment. "We are in touch with several municipal authorities like Patna and Varanasi. We are expecting a project in this segment shortly," Mathur said. It has also plannned to collaborate with the Indian Space Research Organization (ISRO) to enter the maintenance, repair and operations (MRO) business. BHEl is also eyeing a major role in the Ahmedabad-Mumbai high-speed rail project, popularly called bullet train, ranging from manufacturing coaches, civil construction work to lay down rail lines.

Related Companies: BHEL   

Other Latest News
Made-in-India electric cars from Mercedes-Benz soon as it bets big on EVs
Posted on 20th June 2018
German automaker, Mercedes-Benz is betting big on electric cars globally and also believes that electric cars will play a crucial role as India gets ready to adapt to future of mobility. A report on TOI confirmes that Mercedes-Benz has plans to manufacture electric cars from its plant in Chakan, Pune. The company has already confirmed that it will launch on BSVI compliant diesel engine cars and SUVs in India and now expect many a range of hybrid and electric cars from Mercedes-Benz in India soon.

India shelves Air India sale plan after failing to attract buyers – reports
Posted on 20th June 2018
India has shelved its sale of Air India after failing to attract buyers, local media quoted a government minister as saying – a decision that could exacerbate the carrier’s financial woes and representing a setback for government efforts to cut debt. Civil Aviation Minister Suresh Prabhu said plans to privatise the carrier have been dropped for now due to factors such as the looming election and high oil prices, according to Times of India which cited news agency PTI.

Merger-bound Idea Cellular completes VoLTE expansion
Posted on 20th June 2018
Idea Cellular on Tuesday said it has completed the rollout of VoLTE services in all its 20 4G circles with the country’s third largest telecom operator announcing the launch of VoLTE in five circles — Himachal Pradesh, Odisha, Assam, North East Service Area (NESA) and Jammu & Kashmir.

“With the completion of the last phase of VoLTE rollout, Idea is now the only operator to offer pan India integrated 2G, 3G, 4G and VoLTE services.


Former RBI Deputy Governor Rama Subramaniam Gandhi joins Paytm as Advisor
Posted on 20th June 2018
One97 Communications, which runs Paytm, has appointed former RBI Deputy Governor Rama Subramaniam Gandhi as an advisor. Gandhi will bring his years of knowledge and experience on payment systems, regulations, compliance and corporate governance, the company said in a statement. Gandhi was a member of the first Monetary Policy Committee.

Sensex opens in green, up 130 points in early trade
Posted on 20th June 2018
The BSE Sensex rebounded over 130 points in opening trade today, reversing its two-session losing streak on value-buying in select blue-chips amid a strengthening rupee.

Overseas, mixed trend at other Asian markets also influenced trading sentiments here. The rupee recovered from its nearly one-month low by strengthening 32 paise to 68.06 against the US dollar in early trade today. The 30-share BSE index was trading higher by 130.41 points, or 0.37%, to 35,417.15 in early trade today.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for BHEL aims non-power revenue to 40 pc by 2022
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for BHEL aims non-power revenue to 40 pc by 2022

Most Read News

HDFC 5th biggest consumer financial services company globally: Forbes

Markets applaud Infosys on its silver jubilee, surges 23% on BSE in 2018

Reliance Industries hits new high, gains 10% in 3 weeks

Essar Steel lenders may not allow Numetal to change structure in second bid

Dust storm kills 7 in UP, Yogi Adityanath announces compensation

More India News

Photo Gallery

Kali mata Temple(11 Images)Kalighat temple
Volvo 9400xl(10 Images) Volvo 9400xl
Dictator(11 Images)Dictator
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2018 IndiaCatalog.com
    All Rights Reserved
Privacy Statement